We also spend more on our athletics department than any other public institution in the country,
Cite? With many of the good to great athletic schools out there, I find that EXTREMELY hard to believe. Edited, Feb 16th 2012 5:42pm by Kastigir
Notice I said public. We've been tossing them 15-40M more per year, so now their deficit is larger than their budget. And since they can't sustain their budget... Cite 1
, Cite 2
, Cite 3
Some fun facts from these:
1. Schiano was (and is until next year when his resignation is in effect), the top paid NJ employee in the nation, and one of the best-paid college coaches in the nation... despite never having won a championship... or even getting us to one. He makes over a million a year more (he makes 2.5, next makes 1.3).
2. We have been on the list of schools operating with the largest losses in athletics (and I THINK we are now number one, but this past years list hasn't been released yet, afaik).
3. $22-26M has been transferred to the program, per year, since 2008, despite the fact that such was SUPPOSED to be impossible, given the contract regarding the stadium. Athletics were supposed to finance themselves from that, creating a surplus to pay back for the stadium. Instead, they are operating at a loss, and student costs are keeping them afloat.
And @gbaji, part of the reason I chose a public institution was because my rights
were supposed to be a main feature of its operation, given that it (unlike private schools) was part of the state.
As someone who screams about public funds being used for even the most appropriate expenditures, I can't even remotely understand why you'd see no problem with this system. It's a massive waste of public dollars, and exploits the students in the process.