All paid for by the U.S. taxpayer.
How is NCAA football revenue “paid for by the US taxpayer”?
How so?
But all those student loans will be paid back. Every single dime. ;>)
Huh? There is no US taxpayer money involved and probably no state tax money involved either. In my state, none of the athletic programs are allowed any tax money and I suspect it is like that in most states. I know Maryland is the same, too. Schools raise the money through fund raisers, alums, boosters, ticket sales, etc.
No it will not be. Harbaugh will make a Teacher’s salary and benefit package as a State of Michigan employee, where he will instruct 90+ young men in PE classes — usually “Football Theory” or “Athletics Seminar”. (As a side note, the young men on the football team are actually attending “classes” when they practice and play, which is why the official practice time is limited to 22 hours per week.) Figure that the official public compensation is $200,000 tops.
The remaining money will be paid by Alumni and boosters. This is how coaching contracts are done at Public Schools and it fairly common knowledge.
Actually that's not quite accurate. U of M's football program generates over $82 million per year in revenues with an additional $22.5 million coming from sponsorships, licensing and advertising agreements.......