Posts tagged as:

college-sports

Miami Football Scandal Raises Questions About Tax-Exempt Athletics

22 August 2011

Are you ready for some football? Preseason is in full swing already for the NFL and yet all anyone can talk about in the football world is college football. Specifically, the chatter is centered on the University of Miami. Yes, Miami. Unfortunately for the Hurricanes, the talk focusing on Miami has little to do with [...]

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Life is a Bowl of Football

29 December 2009

Today, for the first time in 30 years, Temple is going to a bowl game (excuse me while I wipe a tear of joy from my cheek). It’s a pretty remarkable feat, considering that, just four years before, the university nearly shuttered its football program altogether. The committee decided to keep the program, despite the [...]

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Pay to Play

21 November 2007

One of the most closely guarded secrets in the history of sports is about to be revealed: exactly how much does JoePa get paid? The Pennsylvania Supreme Court has ruled that the Penn State University football coach’s salary must be made public. The request had initially been made by a newspaper (The Patriot-News in Harrisburg) [...]

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The Shill of the Game

14 October 2007

No, that’s not a typo. These days, it seems, it is all about the dollars. Even in college sports – or maybe especially in college sports. The headline on this week’s Philadelphia Inquirer, Sunday Edition, blared “Raising Funds – and eyebrows” – the story about the push to raise money for colleges through athletics made [...]

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NCAA: Ball Is In IRS’ Court

22 November 2006

NCAA President Myles Brand has (finally) responded to the ongoing inquiry into the tax-exempt status of the organization in a 25 page letter posted on the organization’s web site.  The response initially had an October deadline – I guess somebody forgot to tell the folks in Committee that it’s college football season.  You can’t expect [...]

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The Price You Pay.

19 November 2006

Following up on my recent post about the NCAA, college sports and tax-exempt status, take a look at  this tidbit in USA Today which reports college coach salaries. I’ll bet Jim Tressel thinks his approximately $500k advantage over Lloyd Carr is worth it following this weekend’s Ohio State-Michigan game…  Of course, that begs the question, [...]

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Football mania

26 October 2006

Back in February, Madeline authored an interesting post about the tax implications of college football. Not to be outdone at the beginning of football season, DevilGrad followed up on an inquiry by some Congressional officials into the tax-exempt status of college sports. It seems, these days, that as the popularity of college sports grows, so, [...]

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Are You Ready for Some Football?

6 October 2006

Madeline had previously posted an interesting query about the economics and tax implications of (gulp) college football.  It’s worth another look in light of this recent post by DevilGrad on a similar issue.  There’s even more analysis here. The real question at issue is "Why is a multi-million dollar business, which is not effectively related [...]

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March Madness

11 March 2006

The madness of March just got a little… madder? In an article from the Chronicle of Higher Education, it was reported that an inquiry has been launched in Congress as to a number of potential tax abuses. We all know that college sports are money-makers.  The amount of revenue generated by ticket sales, merchandising, broadcast [...]

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