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Thursday, November 16, 2006

More on the NCAA Tax Exemption


[T]he NCAA budget for a recent fiscal year was just north of $520M and close to $500M of that money came from TV rights to March Madness.

...So, the NCAA disagrees with the fundamental assertion that athletics is not part of the educational experience; good for them. Do not let them define the debate that way because it is a bogus argument.

...[S]ome big time college coaches in football and basketball are making about $2M a year and Dr. Myles Brand as the NCAA maven makes dangerously close to $1M a year Faculty members who have won Nobel Prizes don't make that much. And where does the money come from to pay those coaches and Dr. Brand more than the Nobel Laureates - who are clearly at the university for academic prowess and not jock abilities. It comes from those TV revenues which become distributed NCAA revenues, folks. Maybe the NCAA thinks everyone within a university environment is equal but like the pigs in Orwell's Animal House maybe some are more equal than others...

...[The NCAA] has become bloated, pompous and feckless.

...[I]f the citizenry is truly concerned about rich people and rich corporations not paying their fair share of the tax burden, then they ought to be concerned that this entity doesn't pay a dime in taxes.


---sports fan magazine---