Posted on 01/04/2007 11:21:30 AM PST by JZelle
Some college officials say the $4 million contract awarded to football coach Nick Saban by the University of Atlanta could bring government scrutiny.
The payout will make Saban the country's highest paid college football coach, beating out the $3.45 million earned this season by Oklahoma's Bob Stoops, USA Today reported Thursday.
"I'm concerned ... about the finances and how it will affect the rest of us in the years to come," said Louisiana State University Athletics Director Skip Bertman. "Congress is already talking about 'What can we do?' And presidents are saying 'What can we do?' This will not just fuel the fire. This will set off all the alarms."
The U.S. House Ways and Means Committee previously made rumblings about an inquiry into coach salaries and whether tax exempt status should be retained for athletic departments that bring in nearly $105 million in revenue.
(Excerpt) Read more at washingtontimes.com ...
University of Atlanta???????????? Do these fools ever get anything right?
U of Atlanta?
dumbass
University of Atlanta, eh?
That would mean, of course, that you've got a $4 million dollar man being supervised by a chancellor that makes about 1/10 of that amount.
And, I'm betting, the chancellor goes to contributors and the Alabama legislature each year, asking for more money, so they can hold down the tuition to three times the rate of inflation.
I'm sure the colleges don't want it to be exposed how much companies like Nike pay them to have their logos on team jerseys.
Hmmm ... Georgia Tech is in Atlanta, Georgia State is in Atlanta, Clark Atlanta is in Atlanta ... where's the University of Atlanta???
Considering Saban's recent record and all, I'm sure they meant to say, "University of Atlantis".....
In big-time college football, the difference between a successful program and a failing program is FAR more than $4 million to the school. A successful coach will pay for himself (and about 25 girls athletic teams) several times over.
What if the guy turns Bama back into a national contender and they reap a windfall off of a BCS payout, merchandise sales etc? Does any of that money go back to the school? If so, he's worth it.
Of course, being a TN guy, I hope he fails miserably.
In the suburb named Alabama.
Those that would investigate (dims) are only interested in how they can get a cut of the action.
Big time college programs are making far less money for the school than people think - most of the money gets sunk back into coaching staff salaries and facilities improvements - and there are FAR fewer college programs making money for the school than people think.
Probably the same place where the "University of Phoenix" is.
hugh??? I must have pulled that from the FReeper dictionary, series I did.
They also have to support all of the Women's Sports programs, as mandated by Title IX.
IIRC, coaches salaries are paid for by boosters, NOT the taxpayers. Athletic departments are typically run like separate companies, where sales of licensed products, ticket sales, and contributions from boosters, etc. go back to athletic scholarships and to pay coaches.
Therefore, the school isn't "technically" paying his salary, rather alumns with deep pockets are. I could be wrong, but I don't think the school technically pays him anything, except maybe a set base salary which, in Saban's case, might pay for his taxes on the guaranteed money.
And they got beat by a team with a coach making about $500K a year. HA!
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