Since 2010, the athletic department has paid out more than $27.8 million to part ways with Mark Mangino, Turner Gill, Charlie Weis, David Beatty and Les Miles.
Tennessee: $42.5 million (actual), $51.6 million inflation adjusted.Auburn: $48 million (actual), $56.6 million inflation adjusted.Since 2004, the five largest total severance payments paid out for coaches in all sports belong to the following universities: They have a history – and an expectation – to win a lot.īut some also are quick to move to the next coach when losses mount. The largest buyouts belong to the blue bloods of big-time athletics. The price of chasing championships isn’t cheap Arkansas State and Boise State are the only two FBS schools that haven’t ever bought out a coach in any sport. That among the FBS schools, only seven have never made a severance payment to a football coach - Arkansas State, Boise State, Northern Illinois, Ohio University, Oklahoma State, South Alabama, and Toledo.That only three schools have never subsidized its athletic department budgets with student fees and university subsidies: LSU, Nebraska and Penn State.Only six universities have not kicked money into athletic departments: Georgia, LSU, Nebraska, North Carolina, Oklahoma, Penn State. That the universities have contributed more than $17.8 billion – or $21.6 billion in today’s dollars – to athletic department budgets.Of the 113 public FBS schools, only 17 – eight of which are members of the Big 10 - have never taken student fees for athletics. That students through mandatory fees have paid more than $16.8 billion dollars – or $20.6 billion when adjusted for inflation – to their athletic departments.Other key takeaways from the Knight-Newhouse data include: “Fees have increased, according to research I’ve done, at a rate almost 14% faster than tuition.” David Ridpath, an Ohio University professor who teaches sports business and a member of The Drake Group, another group that is critical of big-time athletic spending. “A lot of parents don’t realize they just see your tuition and fees,” said B. Most of those athletic departments rely on infusions of funding from the university itself and students to make ends meet. That’s enough to cover for a year the entire university budget for 102 schools with the highest academic expenses.
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The FBS includes schools that make up the five power conferences – ACC, SEC, Big 10, Big 12 and the PAC-12 Notre Dame and schools that belong to the lower profile conferences, such as the MAC and Sun Belt.Īmong those schools, athletics is big bucks, with expenses topping more than $133 billion, or $162.5 in today’s dollars, over the last 17 years. That $1.1 billion, for example, could pay for nearly every undergraduate and graduate student enrolled at Auburn to attend that school for a year for free.Īnd, a majority of that money – 75% of it – has gone into the pockets of football coaches who played in the Football Bowl Subdivision of Division I athletics. “It’s obvious that institutions are throwing money away that could be used to, you know, enhance the education, health, safety and well-being of student athletes,” said Len Elmore, a former star basketball player at the University of Maryland and a member of the Knight Commission on Intercollegiate Athletics, a group that tries to rein in spending on college sports.
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