 In his final year at the school, its stadium was renamed Frank Waters Stadium.After leaving Hillsdale with a 138–47–5 record, Waters went on to serve as the first head coach of the Saginaw Valley State University Cardinals from 1975 to 1979, posting a 25–26–2 record and capturing a Great Lakes Intercollegiate Athletic Conference title in his final season.In 1980, Michigan State hired Waters as head football coach after an NCAA probation.