John Currie Is What Tennessee Wanted In AD Arizona AD Dave Heeke Gets 5-Year Contract UT Hires K-State's John Currie As AD UConn Basketball Struggling At Gate Central Michigan's Heeke To Become Arizona AD Utah Generates $79.4M Revenue In '15-16 Alabama Football Program Nets $47M-Plus Profit Texas A&M Athletic Department Makes $57.2M In '15-16 N.C. Still In Limbo As ACC Championship Host Site Washington State Athletic Deficit Shrinking
SBD/December 12, 2012/Colleges
Power Conferences Reportedly Will Receive 75% Of Payout From New FBS Playoff Format
Published December 12, 2012
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YEAR-ROUND JOB: USA TODAY’s Brent Schrotenboer writes serving as a bowl exec is “a payday market that’s gotten especially hot in the last 10 years.” Tax data shows that a “bowl boss’ average compensation last year was $438,000, more than double since 2002 and 32% more than 2006.” No bowl game “pays more money to one person than the Outback Bowl," as tax data shows that the bowl paid President & CEO Jim McVay $753,946 in fiscal year '10, $693,212 in '09 and $808,032 in '08. Critics have "continued to raise concerns about such pay being excessive for a number of reasons, including where the bowls get their revenue and how their salaries are determined.” Most bowls games are “tax-exempt charitable organizations that in most cases stage one game a year.” The “big question many critics have is, ‘What do these bowl bosses do the other 11 months of the year?’” San Diego Bowl Game Exec Dir Bruce Binkowski, whose group operates the Poinsettia and Bridgepoint Education Holiday bowls, said, “We have an event almost every month associated with our two bowl games, and you spend the entire year selling sponsorships. Sometimes I’m busier from January through May than from September through December with all the different things we do” (USA TODAY, 12/12).