On the other hand if most of your school's money is in some investment firm, instead of invested in the wellbeing and learning of your employees and students. And you have a investor as the person with the highest salary.
Then your "school" is more of a financial institution than a school. And probably should be taxed as such.
Looking at you, Harvard: https://www.reuters.com/world/us/harvard-posts-investment-gain-fiscal-2023-endowment-stands-507-billion-2023-10-20/
Exceptions will be made if having a behind-the-scenes money fountain means tuition is basically free.
Still looking at you, Harvard.
I guess we'll just ignore the tuitions and such they pay for.
Not controversial, just plain true. This university sports thing from the US is crazy
I think the concept of a sports coach at an university is inteeresting in general. At Europe and the colleges here it doesn't really matter which sports team your institution has as long as it offers good education. It is always interesting to see that for whatever reason it can be different.
Edit: typo
I agree with the sentiment here, but there are incredibly good schools with high profile/high earning teams.
The post never said that the side hustle was subpar. I did undergrad at a middling university and a mediocre sports, and I did grad school at a good school with a top tier basketball team.
To me, it seems the point of the post is that it is telling that there is a correlation. A well-funded university has a well-funded sports team. It sometimes feels the other way around with a well-funded sports team providing a well-funded school. Advocates of college sports actually tout that as feature.
It is so deeply rooted in our culture that I don't even wear my alma mater hoodie because I don't follow basketball. Sports is the only reason why anyone would that apparel, I guess.
Same. At my Uni, zero tuition dollars go to boys' football or basketball.
But the teams don't get the money, just the school and the coaches.
That true. But the coaches? The coaches make insane money.
Lol I love this take
Before anyone can make a claim, the higher fortitude shall remain paid. Once all has it seen in the night, a high token must be reached.
The idea though is that a good sports team will draw eyes to the university as a whole. Texas, California, Tennessee, Florida... All these programs have vastly overpaid coaches it's true. But as a result you get free advertising as fans wear the team colors all over town.
Also shameless plug for our college football community !cfb@fanaticus.social
All the advertising your institution should need is the research coming out of it.
Intermural sports are fine but if that's mostly what your university is known for then, as the post mentions, you're not really a university.
For the people who really value or benifit from the research like masters and Ph.D students the research is is the primary advertising. They are not mutually exclusive. Let the people who care about the team/sports have their thing. For a lot of people it could be their motivation for going there and getting an education.
And how do you propose to pay for this world class research in a world where federal university funding is constantly hamstrung by conservatives and skyrocketing tuition costs still can't cover it? If I had the ability to charge 100,000 people 20 bucks (actually way more) a week, that'll certainly create a dent (not to mention apparel revenue and TV contracts). Sports departments are net positive revenue for an institution, and when they aren't they get cut. Again I fully believe that coaches are overpaid, but it's not for no reason.
Nerd jealous of the jock that brings more money into the college.
If money is the metric, it's all downhill from there.
Just so you know, the complaint isn't towards the coach, rather the institution.
You must be a bit confused from all those concussions in your football games. Leave education to people who can at least read.
Never played and tested out at college level for reading in 5th grade. I'm just not bitter or delusional about "for profit" colleges paying the people who make them the most, the most money. Look at the Florida Gators. They spend like $12 million a year on coaching for a program that gets $40 million in profits to the school. No professor is going to bring in that. No professor is going to help a college that much. A profitable sports team brings in more money for a college than anyone else.
Its a bad theory. The university near me loses money on sport. Like 1-2m a year. The coach is the highest paid, of course. The annual budget of the universal is 900m. Sports is small potatoes compared to everything else.
