Ca-ching: College football coaches salaries on the rise
11/06/2013 2:21 PM
11/06/2013 11:08 PM
Let the annual flabbergasting begin.
USA Today’s college football coaches’ salary survey is out, and once again the profession has bucked the national trend of a slow-growing economy.
Salaries have jumped 90 percent since 2006. The average compensation package for a major-college head coach is $1.81 million, about a 10 percent growth over last year.
A few coaches in the area cracked the top 25 in salary, starting at No. 18 with Nebraska’sBo Pelini
, who is earning $2.975 million.
Kansas State’sBill Snyder is 19th at $2.803 million and Missouri’s Gary Pinkel
20th at $2.8 million.
Kansas coachCharlie Weis
’ salary of $2,503,727 ranks 31st. But some might say his salary is really $4.5 million this year.
Weis also will earn about $2 million annually from Notre Dame, as part of a settlement from his 2009 dismissal, according to the Chicago Tribune. Weis is still due annual settlements of $2 million from Notre Dame through 2015, and his KU contract runs through 2016.
The highest-paid coach this season is Alabama’sNick Saban at $5,545,852 with Texas’ Mack Brown second at $5,453,750 and Arkansas’ Bret Bielema
third at $5,185,863.
Are these coaches overpaid?
They oversee the most valuable sport in college athletics, with Texas’ revenue reaching $153 million. Alabama recorded revenue of $124 million for athletics in 2012 and a $19 million profit.
Saban’s name has been linked to Texas, but Saban said Wednesday that he remains “very committed to the University of Alabama” and disputed an account by his agent that Saban was under “special pressure” at Alabama.
Either way, he’ll be well-paid.
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