Thursday, April 5, 2007

NCAA Coaches Get Paid

I was reading a post over at The Sports Economist about NCAA Coaches pay. It has been in the news lately because of all the coaches changing (or not changing) jobs. I thought his post was very well written, and interesting. Here is the part that was most interesting:

The average I-A football team earns about $15 million a year in revenue; the average N.F.L. team earns about $160 million. How can a college coach create as much value as an N.F.L. coach?

Actually that is a quote from someone else, Andrew Zimbalist. I don't know who that is. Anyway, I think that is a very interesting point that I had never thought about before. How is it that schools are able to pay the head coach that much money? Bob Stoops gets paid over $3 million and Billy Donovan is about to sign a new extension down in Florida. He will probably make somewhere around $72 million dollars a year. That's how much in demand that guy is right now.

I guess it is easier to pay your coach $4 million in a big program that brings in a lot of revenue if you don't pay your employees. So I actually do understand where they get the money. College sports are a coaches game. The coaches are the draw. Bob Huggins created all kinds of news (and revenue) in his one year at Kansas State. He will do the same next year at West Virginia. There are just very few players that are bigger than the coaches, and even if they are it is only for a few years.

It's a coaches game...so the best ones get paid the most. Makes sense to me.

I'm glad we worked this out together.

Anyone have any thoughts on this?

Labels: Economics, NCAA

Posted by Adam Wilson :: 6:55 PM :: 0 comments

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