tag:blogger.com,1999:blog-7089867.post586806215438067123..comments2024-03-12T06:52:26.925-04:00Comments on Good Sport (f/k/a SportsProf): The Financial Crisis and Pro and College SportsSportsProfhttp://www.blogger.com/profile/15180630793608156519noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7089867.post-90244329516342664322008-10-13T14:24:00.000-04:002008-10-13T14:24:00.000-04:00Re financing at universities: a lot of salaries ar...Re financing at universities: a lot of salaries are "endowed"--in other words, money comes from an untouched sum that generates enough interest to pay salaries, maintenance costs on stadiums, etc. Usually these are low-risk investments, but even that money could be affected by the recent crisis. Maybe Nick Saban will have to go a little lighter on the after-game parties this year.<BR/><BR/>And perhaps college athletics are too leveraged in terms of corporate and donor sponsorships--too much reliance on outside funding. They could use this crisis as a wake-up call and start cutting back on some of the exorbitant salaries paid to head-coaches and athletic fund-raisers (especially given that collegiate athletic departments have a dubious tax-exempt status).Corry Cropperhttps://www.blogger.com/profile/09119335796285889376noreply@blogger.com