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The Price You Pay

Kelly Phillips ErbNovember 19, 2006November 30, 2019

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.

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Kelly Phillips Erb
Kelly Phillips Erb is a tax attorney, tax writer, and podcaster.
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