Texas's Mack Brown became the highest-paid coach in college football this week when the university gave him a raise to at least $5.1 million annually.
Michael Granof, an accounting professor at Texas, says that doesn't make sense at a time when the university is making academic cutbacks to make ends meet.
"The major problem today is one of timing," Granof said in an interview on ESPN's Outside the Lines. "The University of Texas is facing a major budget crisis. We've had layoffs, we've had major changes in the curriculum, the faculty has been meeting for the last month trying to figure out how to save a few hundred thousand dollars here and there, and I've never in all my years at the University of Texas heard so much outrage."
No one disputes that Brown has done a good job coaching the Longhorns and that the Texas football program brings in a lot of money. But isn't the purpose of the University of Texas to educate students, not to enrich football coaches? And aren't there better ways to spend all that revenue that the Longhorns bring in? Granof sure thinks so.
"Any money that the athletic department earns can be used to support academics," he said. "This is just another step in the arms race, and the current business model is just not sustainable."
It may not be sustainable in the long run. But for now, the college sports business model is making a whole lot of coaches a whole lot of money.
Texas Accounting Professor: Mack Brown's Raise Doesn't Add Up
Dec 11, 2009 – 3:36 PM
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