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    Re: Texas being audited by the IRS


    The president of the University of Texas - Austin makes $750,000/yr while the football coach makes $5+ million/year. They are the poster child of how fiscally out of control collegiate athletics has become.

    Is it any wonder why the US Senate will be taking a look at the "non-profit" status of college athletics?



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    Re: Texas being audited by the IRS

    Where else will you see an employee earn 10x more than their boss? How much does Deloss Dodds make? Probably not even $500k.


    read this post quickly - it might not last long

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    Re: Texas being audited by the IRS

    Quote Originally Posted by Cyballz View Post
    Where else will you see an employee earn 10x more than their boss? How much does Deloss Dodds make? Probably not even $500k.
    Heres an article to give you a better picture of who makes what.

    Big 12 athletic directors rank as highest paid among FBS - Big 12 Blog - ESPN



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    Re: Texas being audited by the IRS

    Quote Originally Posted by SCNCY View Post
    Heres an article to give you a better picture of who makes what.

    Big 12 athletic directors rank as highest paid among FBS - Big 12 Blog - ESPN
    Why the heck is Osborne making so little (as a percent)?

    And daaang was Lew Perkins paid a lot.


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    Re: Texas being audited by the IRS

    Quote Originally Posted by SCNCY View Post
    Heres an article to give you a better picture of who makes what.

    Big 12 athletic directors rank as highest paid among FBS - Big 12 Blog - ESPN
    Just curious, what is Paul Rhoads salary?



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    Re: Texas being audited by the IRS

    Quote Originally Posted by CardinalAndGold View Post
    Why the heck is Osborne making so little (as a percent)?

    And daaang was Lew Perkins paid a lot.
    I'm taking a guess that for one thing, Osborne doesn't need the money. He also could be 'giving back' for lack of a better term. I would bet he does his AD job more for love of the state of Nebraska and the University.

    Was he a senator or congressman?



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    Re: Texas being audited by the IRS

    Quote Originally Posted by DMjazz View Post
    Just curious, what is Paul Rhoads salary?
    Off the top of my head, Rhoads is making over 1 million a year, I think its 1.15 million.



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    Re: Texas being audited by the IRS

    Quote Originally Posted by DMjazz View Post
    I'm taking a guess that for one thing, Osborne doesn't need the money. He also could be 'giving back' for lack of a better term. I would bet he does his AD job more for love of the state of Nebraska and the University.

    Was he a senator or congressman?
    He was in the House I'm pretty sure. Thanks for your reply.


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    Re: Texas being audited by the IRS

    Quote Originally Posted by CardinalAndGold View Post

    And daaang was Lew Perkins paid a lot.
    Ya, and sweet Lew got a massive retention bonus this past year



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    Re: Texas being audited by the IRS

    Quote Originally Posted by Cyballz View Post
    Where else will you see an employee earn 10x more than their boss? How much does Deloss Dodds make? Probably not even $500k.
    I don't think the 'real' boss is the AD. It's not even the president of the school. The real bosses are the board of regents and taxpayers. The AD is more like the GM of a pro team. They don't sign the checks, the owners do.

    Actually, now that I think about it, the big donors are really the bosses.


    Last edited by DMjazz; 06-24-2010 at 01:41 PM.

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    It happens where specialized skills...

    Quote Originally Posted by Cyballz View Post
    Where else will you see an employee earn 10x more than their boss? How much does Deloss Dodds make? Probably not even $500k.
    and the marketplace demand that an employee with a specific skill set make more than the boss. TV talent in large TV markets in lots of cases make significantly more than the GM or News Director, or whomever their "boss" is.
    Lots of on-air talent at ESPN I would guess make more than the Producers or whoever is in charge of them.
    And of course professional sports where the players often make many times what the manager, GM makes.



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    Re: Texas being audited by the IRS

    I have to ask, why is JP, as a first time a.d., the 5th highest paid a.d. in the conference? I don't blame him for getting all he can, but is it justified? I'd guess we are probably close to last in money generated from donations, and he whiffed badly on his first basketball and football hires. Fortunately Auburn and Creighton rescued those programs from bad coaches with long contracts. Yes we now have CPR and Fred, and I'm thrilled about it. But those are ISU guys that lobbied hard for the jobs, and with the terrible condition of our football and basketball programs, I doubt we had any other decent applicants. Not that it matters that much and I don't want to start some heated debate, but as a fan and a taxpayer I was surprised to see he's the 5th highest paid a.d, especially when you consider that our basketball and football (until last year) nosedived after he took over.



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    Re: It happens where specialized skills...

    Quote Originally Posted by DodgerHawki View Post
    and the marketplace demand that an employee with a specific skill set make more than the boss. TV talent in large TV markets in lots of cases make significantly more than the GM or News Director, or whomever their "boss" is.
    Lots of on-air talent at ESPN I would guess make more than the Producers or whoever is in charge of them.
    And of course professional sports where the players often make many times what the manager, GM makes.
    I believe the issue that the IRS would have is that the salaries and allocation of resources are not in line with non-profit status. If an organization is out of line it will need to redistribute or restructure to meet the mission of the non-profit. Some non-profits end up having too much money and they have to move it. A non-profit should not have large stores of money. It's not congruent with the goal. Also, it does not exist to make the principals wealthy. If the organization funnels money to leadership it too would be penalized I believe. So the mission of the Athletic Dept is to develop student athletes, but most of the money is spent on Coaches, facilities, marketing or other efforts it would not be meeting it's mission and possibly lose classification as a non-profit.

    Any CPA's out there?


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    Re: Texas being audited by the IRS

    It appears from the article that the IRS is looking to see if the not-for-profits (various University's) have unrelated business income that they are not paying taxes on.

    For example if you are a not-for-profit and your mission is to provide charitable contributions to needy families in Ames, IA and you have $XXXX amount in income for the year that is unrelated to helping needy families in Ames you are taxed on that income.

    So in this case it appears to me that the IRS is looking into the income made on the various University Endowments to determine if they are following the mission of the not-for-profit.



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