Colleges spend more money on coaches than scholarships for student-athletes
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Nick Saban is the highest-paid coach in college sports.
With television contracts for schools, conferences, and the NCAA skyrocketing and the recent corruption scandal in college basketball, there has been a renewed interest in finding ways to have more of the money filter down to the people who do most of the work - the student-athletes.
To add some transparency to college athletics finances, the Knight Commission on Intercollegiate Athletics unveiled the new College Athletics Financial Information (CAFI) Database. From the information in the CAFI, we can get a better sense of where those billions of dollars in revenue go, and just how little of it goes to the players.Things look even worse for the players if we total the five categories that account for the most in expenses (facilities & equipment, coaches' compensation, compensation for administrative and support staff, student-athlete aid, and the cost of hosting and traveling to games). Of just those expenditures, student-athlete aid accounts for less than 17% of those costs, or about one-sixth. If we include all expenses ($8.05 billion), student-athlete aid accounted for less than 14%.
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