October 26, 2007
Where Is the Money Going?
Most big-time athletics departments account for their fund-raising revenue and expenses through their universities, making it difficult to track how they spend their private donations. But a review of tax forms filed by college-sports programs and their booster clubs for the 2005-6 fiscal year, the most recent period available, sheds light on some of their spending.
Salary supplements. Boosters are paying for an increasing share of the compensation of coaches and athletic directors.
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