The Price You Pay.
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, why is Oklahoma’s Bob Stoops picking up nearly $3.5 million per year when his team didn’t even crack the top ten?
It’s more than just curious fans checking out these numbers. With 119 coaches averaging $950,000 per year - not including perks - you can bet IRS is taking a gander, too.
Tags: college-sports, football, NCAARelated Stories
POSTED IN: charitable organizations, sports & tax, tax policy
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