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Yeah, I had read that the money the Ohio State football program brought in paid 100% of the athletic departments bills. They then often transfer millions over to the academic side of campus. I'm sure this goes for other schools such as Alabama.
Likewise at Texas.
I believe the UT athletic department gave $37,000,000 from its coffers to the University for academic purposes. this past year.
Here's the top 10 list:
Texas ($37.1 million transferred to education; $0 total subsidy)
Ohio State ($36.2 million transferred; $0 total subsidy)
Alabama ($25.4 million transferred; $23 million subsidy)
Florida ($25.2 million transferred; $17.9 million subsidy)
LSU ($19 million transferred; $0 total subsidy)
Oklahoma ($11.1 million transferred; $0 total subsidy)
Nebraska ($9.7 million transferred; $0 total subsidy)
Kentucky ($8.1 million transferred; $3.4 million subsidy)
Michigan ($7.2 million transferred; $1 million subsidy)
Purdue ($4.1 million transferred; $0 total subsidy)
How do you think the new GOP tax law will affect coaches salaries? For example, among other things, it requires a 21 percent excise tax on coaches salaries above $1 Million; that means new Texas A&M football coach Jimbo Fisher's $75 million contract will actually cost the university $90.75 million.
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None of these schools are actually paying these coaches millions of dollars.
A couple of years back ESPN actually broke it down. I think the University of Alabama only pays Nick Saban 245,000 dollars, the rest comes from ESPN,Golden Flakes,Licensing agreements with retailers, AT&T, Ford, Blue Cross & Blue Shield.
Things to be considered and some have mentioned them: 1-college sports especially football brings in millions of $$ a year to the school. 2- someone said put a cap on how much a school can give a couch: sorry, then you are going to have private schools paying out more bucks and public universities losing any hope of getting top coaches. The answer, in my mind is shorter contracts. If the coach can't turn a program around in 5 years it is bye bye and if they do, another 5 year contract can be waiting.
What value add does a top coach provide for the university and alumni. This is not a paper pusher or traditional low skills job were how much they cost to employee is the right measure. Itsr one that cant add significant value being successful. At UT (university of Texas) the football program brings in the revenue needed to run all the other althetic programs that dont draw a big audience and revenue like basketball etc.
So they are worth the value they create compared to others. Alot of them get fired early and bought out too so its not a long term profession if you are not successful even if you get paid by a buyout to not coach a few years.
Cap salaries? It's a capitalist business - in spite of the stupid socialist NCAA rules.
Many universities are supposed to be non-profit... at least the deductions are tax deductible.
Quote:
Originally Posted by dsjj251
None of these schools are actually paying these coaches millions of dollars.
A couple of years back ESPN actually broke it down. I think the University of Alabama only pays Nick Saban 245,000 dollars, the rest comes from ESPN,Golden Flakes,Licensing agreements with retailers, AT&T, Ford, Blue Cross & Blue Shield.
Alabama football coach Nick Saban will be paid $11.125 million this season under a three-year contract extension that includes a $4 million signing bonus approved Tuesday by the university board of trustees’ compensation committee.
...
His contract annually includes a base salary, the "talent fee" and a contract-year completion payment that becomes payable if he is Alabama's head coach as of the date of its final football game of each contract year, not including any postseason game or games.
In each year of the deal, Saban's base salary will be $245,000 and his talent fee will be $6.48 million.
College football certainly is non-profit for most of the universities. I think it is sad that it has developed into a giant business for the big football factories. the fun college gameday experience is as dead as the "amateurism" in the Olympics.
As a Texas Longhorn fan, it is annoying to see the heavy commercialization of the college game & bowls. UT is among the worst.
With the new tax cut plan signed into law, the deductible donations appear to be in question.
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