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May 14, 2007

NCAA to Reveal New Data on Coaches' Severance Pay and Total Compensation

Under new financial-reporting requirements put in place this year by the NCAA, colleges must disclose how much total compensation their coaches receive, as well as the amount they pay to sever coaches’ contracts, NCAA officials said during a meeting today in Washington of the Knight Foundation Commission on Intercollegiate Athletics.

This summer the NCAA will release aggregate numbers from all 1,200 member institutions to shed light on those and many other expenditures in college sports. The association introduced the new reporting requirements to provide college presidents with a better idea of how much money their peers were spending, a step that the NCAA hopes will lead to more-responsible spending in college sports.

During today’s meeting, the NCAA also presented new data describing how institutions finance their programs. Colleges in the Football Bowl Subdivision, or what was previously known as Division I-A, bring in nearly 80 percent of their revenue from private sources. The opposite is true for colleges outside of Division I-A, where more than 70 percent of revenue comes from institutional support.

NCAA officials also presented a report on the academic progress of athletes and updated commission members about changes intended to improve graduation rates in baseball programs. —Brad Wolverton

Posted on Monday May 14, 2007 | Permalink |