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Coach salaries are rising due to competition among schools for winning (or desirable) coaches as well as increasing profit, particularly among the Power-5 footb
by DocSavage 9y ago
Coach salaries are rising due to competition among schools for winning (or desirable) coaches as well as increasing profit, particularly among the Power-5 football schools. Football programs at big schools make enough profit to fund other sports with some left over: http://www.businessinsider.com/schools-most-revenue-college-sports-2016-10/#25-ucla--969-million-1 http://www.businessinsider.com/schools-most-revenue-college-...
A WSJ analysis analyzed football programs as if they were sports franchises to be sold on the open market. Ohio State topped the list at a value of $1.5 billion.
The article talks about possible tax revisions to the top endowed schools, but I doubt they will revoke the ability to deduct exorbitant football seat sales from taxes. Yes, big donors to football programs can buy really expensive season tickets and deduct it from their taxes since its related to non-profit schools. That deduction as well as the huge kickbacks from TV (ESPN) to televise games are driving the money grab.