See the link below. From the article:
”Over the next decade, some exorbitant Power 5 football coaching salaries are projected to exceed the total amount their respective schools spend on athlete scholarships and medical expenses for all athletes across all sports, according to a report released Wednesday by the Knight Commission on Intercollegiate Athletics.
The Knight Commission, a public think tank for college athletics that often pushes reform but doesn't have the authority to enforce it, released financial projections through fiscal year 2032 that include more than $1 billion in revenue from an expanded 12-team College Football Playoff, which begins next season, and more lucrative conference media rights agreements. The Knight Commission based its report on data from CliftonLarsonAllen LLP, which used current athletics revenue and expense data along with projected revenue for public FBS programs.
The 40-page report highlighted a "crossover point," when the compensation for the 11 "countable" football coaches per school will exceed the total money spent on tuition, fees, housing, food, books, cost of attendance stipends, medical expenses and insurance coverage.
Amy Perko, CEO of the Knight Commission, told ESPN that the report should make it "very clear" to university presidents that they need to direct their commissioners and athletic directors to develop "a more comprehensive plan on athletic spending."
"It matters because college sports at the highest level is on a path to being totally incongruent with what presidents, what commissioners, what athletics directors say the mission is about," Perko said. "Presidents made the decision to expand the CFP understanding that this very successful event will generate more than a billion annually in new revenues, and they have not made any decisions to earmark those new and uncommitted revenues.”
www.espn.com
On a path? We aren’t already there?
No matter. PSU won’t be one of the schools with out-of-line spending.
”Over the next decade, some exorbitant Power 5 football coaching salaries are projected to exceed the total amount their respective schools spend on athlete scholarships and medical expenses for all athletes across all sports, according to a report released Wednesday by the Knight Commission on Intercollegiate Athletics.
The Knight Commission, a public think tank for college athletics that often pushes reform but doesn't have the authority to enforce it, released financial projections through fiscal year 2032 that include more than $1 billion in revenue from an expanded 12-team College Football Playoff, which begins next season, and more lucrative conference media rights agreements. The Knight Commission based its report on data from CliftonLarsonAllen LLP, which used current athletics revenue and expense data along with projected revenue for public FBS programs.
The 40-page report highlighted a "crossover point," when the compensation for the 11 "countable" football coaches per school will exceed the total money spent on tuition, fees, housing, food, books, cost of attendance stipends, medical expenses and insurance coverage.
Amy Perko, CEO of the Knight Commission, told ESPN that the report should make it "very clear" to university presidents that they need to direct their commissioners and athletic directors to develop "a more comprehensive plan on athletic spending."
"It matters because college sports at the highest level is on a path to being totally incongruent with what presidents, what commissioners, what athletics directors say the mission is about," Perko said. "Presidents made the decision to expand the CFP understanding that this very successful event will generate more than a billion annually in new revenues, and they have not made any decisions to earmark those new and uncommitted revenues.”
Study: Football coach pay to soar by player costs
The Knight Commission has projected a "crossover point" in college athletics, when in the next decade the compensation for football coaches will exceed the amount spent on athlete scholarships and medical expenses at many Power 5 schools.
www.espn.com
On a path? We aren’t already there?
No matter. PSU won’t be one of the schools with out-of-line spending.
