jeff, i'm fairly new to the game and took on Norwich as a project 2 seasons back. I've taken my lumps, but I've learned a lot so far. It's nice to have the extra cash to use recruiting, and the region that we recruit in is pretty stacked with talent. Learning to recruit is the most important skill in this game, and there is a less painful learning process since you get all the extra money.
if i were you i would consider the job if you are OK with a few down years. Once those first couple of seasons are done and you've gotten the talent you need to be successful, you can make a top-tier program out of it.