Tuesday, November 29, 2011

How much is a college football coach worth?

Ohio State thinks it's $26,650,000 over a six year period. That's the deal they struck with their new coach, Urban Meyer. Here are the pieces that have been made public: $4,000,000 in base salary, bonuses as much as $700,000 a year, lump payments every other year, an annual automobile stipend, a golf club membership, 50 hours of private jet use and 12 tickets to each home game. This is a little more than the OSU president makes: $1,320,000 a year. Part of the funds will clearly come from television; the Big Ten pulled in $227,100,000 last season. 

Maybe you should urge your child to become a college coach. The average salary of such is $1,470,000, which is not chump change.

Something's rotten in the state of college athletics.

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