Reading about the run that St Peters made: Holloway's salary was something like $260,000 a year. Calipari's $7+ million salary is larger that the athletic department budget of St. Peters.
For the past 20 years IU has been ratcheting up all coaching salaries in order to remain competitive. Crean and Archie were paid many millions of dollars to be fired for performing well below expectations. Woody is now being paid comparable money to right the sinking ship. Pragmatically IU did not have a choice.
Dane Fife was making about $350,000, the other coaches didn't listen to him and now he is going to be paid another years salary to go away.
Private financing groups are now popping up so that student athletes can be compensated more fairly. Some might get $10,000 but some will make closer to $500,000 or more.
And how is this being financed? In part by asking you for donations! And by raising the cost of a college education. Thank God two guys ponied up $10 million for Archie so that he can now be paid to fail at Rhode Island. His new contract is back-ended do that he can double-dip.hetting paid by both schools.
If I recall correctly, IU athletics lost $25 million for the most recent Covid year. So my question is: Where does this end?
I think this that college athletics is now officially broken. Don't get me started on AAU basketball. Also it's just a matter of time before schools have an epiphany and give substantial college credit to athletes for being on a team. Maybe it's time to start following the G-league.
For the past 20 years IU has been ratcheting up all coaching salaries in order to remain competitive. Crean and Archie were paid many millions of dollars to be fired for performing well below expectations. Woody is now being paid comparable money to right the sinking ship. Pragmatically IU did not have a choice.
Dane Fife was making about $350,000, the other coaches didn't listen to him and now he is going to be paid another years salary to go away.
Private financing groups are now popping up so that student athletes can be compensated more fairly. Some might get $10,000 but some will make closer to $500,000 or more.
And how is this being financed? In part by asking you for donations! And by raising the cost of a college education. Thank God two guys ponied up $10 million for Archie so that he can now be paid to fail at Rhode Island. His new contract is back-ended do that he can double-dip.hetting paid by both schools.
If I recall correctly, IU athletics lost $25 million for the most recent Covid year. So my question is: Where does this end?
I think this that college athletics is now officially broken. Don't get me started on AAU basketball. Also it's just a matter of time before schools have an epiphany and give substantial college credit to athletes for being on a team. Maybe it's time to start following the G-league.