The latest reason has been provided by the University of Kentucky. It hired basketball coach John Calipari away from Memphis, paying him $31.65 million over eight years. His total compensation involves a web of millions of dollars in agreements the university has struck with shoe, athletic-apparel, and soda companies as well as marketeers of broadcast rights.
The athletic department says (as UConn Final Four basketball coach Jim Calhoun recently asserted in his famous tirade defending his $1.6 million salary) this is no problem because it is self-sustaining, sucking nothing away from educational resources. University of Kentucky President Lee Todd behaved less as a CEO of higher learning than as a stupefied gnome counting his treasure.
NBA Basket Ball Photo
NBA Basket Ball Photo
NBA Basket Ball Photo
NBA Basket Ball Photo
NBA Basket Ball Photo
NBA Basket Ball Photo
NBA Basket Ball Photo
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