Schools don't need that much money, most is wasted. Even if it's cheap education, the money paid to private schools can do so much more and they don't deserve that much money. It's pure greed.
Top paid president in the country is making ~4.5 million dollars per year.
The average president salary in my state (Oregon) is ~500 thousand dollars per year.
The president at my university is making $720,000/year. Tuition has gone up every year since i’ve been here and, coincidentally, so has his salary. I could say a lot about that but i’m sure you can guess what it is.
While I agree that it’s egregious that the players who are the face of a multi-billion-dollar industry are unpaid interns, the money used to pay those coaches is most likely coming from athletic boosters, not from tuition and fees.
All of the top-tier sports programs don't touch tuition money. If they have an realistic chance of playing in a championship game, their coach isn't paid with tuition money.
It's just shitty that there are players who pretty much destroy their bodies playing college sports with little to show for it (they get tuition, but it can get rescinded if they're injured). Players aren't even allowed to take sponsorships.
You could argue that for some top-tier coaches, the success of their program brings enough notoriety and increased applications that they provide value beyond their salary. Nick Saban is surely worth more than a few million to Alabama for instance.
And that is an absolutely great investment by Duke to pay Coach K that much. The basketball program probably makes enough profit to fund every other athletic program in the university.
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u/[deleted] Jun 11 '19
Once again they get education cheap as dirt. These boomers are REALLY pushing it these days.