TA&M fired the football coach and is on the hook for the rest of his contract, >$70 million.Researchers found that the public schools in the Power Five conferences will pay their head coaches an average of $6.2 million this year − which marks a whopping 14.8% increase from 2022
Jesus Christ! 6.2 million? EACH? Ridiculous.
University are not supposed to be sport businesses. And the cost of an education shows that money sports is not a solution.So a BIG 10, SEC, and ACC and all 3 not only made enough to cover the expenses including coaches and travel, but to cover the expenses for all the other sports. College football is BIG BUSINESS....and just like CEO's get paid well for their knowledge, coaches get paid for their ability to WIN, recruit, and be great leaders.
- U-M football generates the third highest revenue among college football teams in the United States, pulling in $122.3 million per year, according to the U.S. Department of Education, thanks to ticket sales, licensing agreements and television rights.
- The team has an excellent academic progress rate of 990 - proof that they don’t ignore the importance of getting a good education. On the money side of things, the UA football program brought home $110,110,211 in revenue and paid out $58,508,853 in total expenses. This means the program turned a profit, making $51,601,358 for the school.
- Football’s $49.6 million in total operating revenue topped men's basketball by $23.4 million and represented 44.9 percent of the athletic department’s total revenue in 2018-19, although more importantly, its $18.9 million surplus combined with basketball’s $17.1 million surplus to fund the school’s 26 other sports, which brought in a combined $14.0 million in revenue against $29.8 million in expenses. UNC
Been that way at universities for 70 years----where have you been????The tail is now wagging the dog and hindering the mandate to educate our population.
No. Forty rears ago football was still a collegiate sport. Now it is a media money grab.Been that way at universities for 70 years----where have you been????
Some D1 schools made nearly $300,000 a year in the early 1950s----and JUST from football alone !!! At that time in history $300 grand could buy you California !!! (jk)No. Forty rears ago football was still a collegiate sport. Now it is a media money grab.
And where did the money go?Some D1 schools made nearly $300,000 a year in the early 1950s----and JUST from football alone !!! At that time in history $300 grand could buy you California !!! (jk)
Universities are supposed to get people ready to join adulthoodUniversity are not supposed to be sport businesses. And the cost of an education shows that money sports is not a solution.
So a BIG 10, SEC, and ACC and all 3 not only made enough to cover the expenses including coaches and travel, but to cover the expenses for all the other sports. College football is BIG BUSINESS....and just like CEO's get paid well for their knowledge, coaches get paid for their ability to WIN, recruit, and be great leaders.
- U-M football generates the third highest revenue among college football teams in the United States, pulling in $122.3 million per year, according to the U.S. Department of Education, thanks to ticket sales, licensing agreements and television rights.
- The team has an excellent academic progress rate of 990 - proof that they don’t ignore the importance of getting a good education. On the money side of things, the UA football program brought home $110,110,211 in revenue and paid out $58,508,853 in total expenses. This means the program turned a profit, making $51,601,358 for the school.
- Football’s $49.6 million in total operating revenue topped men's basketball by $23.4 million and represented 44.9 percent of the athletic department’s total revenue in 2018-19, although more importantly, its $18.9 million surplus combined with basketball’s $17.1 million surplus to fund the school’s 26 other sports, which brought in a combined $14.0 million in revenue against $29.8 million in expenses. UNC
Universities are supposed to get people ready to join adulthood
They accomplish that in a variety of areas....not only through education, but also through networking and friendships
Sports is a great way to build both....
Education would cost a hell of a lot more if not for the money pouring into universities providing scholarships and general funds
So not quite sure what you are complaining about
Researchers found that the public schools in the Power Five conferences will pay their head coaches an average of $6.2 million this year − which marks a whopping 14.8% increase from 2022
Jesus Christ! 6.2 million? EACH? Ridiculous.
University athletic coaches are paid by donations and foundations. In most states (maybe all) there is a cap on what "teachers" can earn, including coaches. So that 6.2 mil does not come from general funds.TA&M fired the football coach and is on the hook for the rest of his contract, >$70 million.
https://www.foxnews.com/sports/lou-...smissal-believes-aggies-can-win-going-forward
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If that grinds your gears then you should look at how OSU was compensating Gordon Gee. The man had a $64,000 budget for bow ties.Researchers found that the public schools in the Power Five conferences will pay their head coaches an average of $6.2 million this year − which marks a whopping 14.8% increase from 2022
Jesus Christ! 6.2 million? EACH? Ridiculous.
And where did the money go?
You more than make up the difference in taxes.The UK doesn't have this big college sports industry, yet a degree here costs 3-4 times less than a degree in the US.
The high cost of college tuition can be tied directly to student loans. The schools know that students can get these loans easily to pay for whatever they're charging for tuition. It has nothing to do with sports.University are not supposed to be sport businesses. And the cost of an education shows that money sports is not a solution.
$11,700,000 per year. Not bad for a state employee and a tad more than Bear Bryant made.Disclosure: My heart always will belong to my home state of Georgia and to UGA (where I received my undergrad degree).
I have always respected Alabama among other SEC schools.
The story goes that Bear Bryant, back in the old and golden years of college football, refused a contract from the university because the the salary offered was too high!
If you are old enough to remember those days there were so many great coaches from Ara Parseghian, Duffy Daugherty, Bobby Dodd, Frank Howard, Wally Butts and more. There were so many good coaches who truly loved coaching much more than celebrity.
The University of Alabama offered Bryant a new contract that was more than the President of Alabama was making. Bear Bryant refused. He said that there was no way he should make more than the university president. It wasn't the right thing to do, he said.
The university then asked Bryant what he would propose to be a fair and just salary. Bryant told them he should make $1.00 less than the president.
Look how far we have come today. So much - not all - of the blame rests with the NCAA. I'm sorry to see what college football is rapidly becoming.
What do you think a lot of these schools then spend that money on?The high cost of college tuition can be tied directly to student loans. The schools know that students can get these loans easily to pay for whatever they're charging for tuition. It has nothing to do with sports.
It all boils down to the priorities of the student.
Not all schools are making money on sports and the students end up paying it.
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College students may pay thousands in athletic fees and not know it
NBC News found that college students are paying a rising cost, sometimes thousands of dollars, to support athletic programs — fees that don't always appear on their tuition bills.www.nbcnews.com
Buried in each student's yearly cost of almost $23,000 was a required fee of $2,340 solely to finance the school's sports teams.
For Waltemyer, the cost is excessive. She estimates that when she graduates next year, she will need to repay $20,000 in loans. Without a fee for sports teams, her loans would be half of that.
That depends on the school. My alma mater ended up having to close because - after not having one for over a half a century - a new college president determined that What We Needed Was A Football Team (and associated field, and facilities, etc.), and a weak-willed Board of Trustees went along with it. Drove the school into unsustainable debt.They aren't taking money away from academics to pay for football.