<<While Calipari met with Memphis officials earlier Monday, representatives for both sides were working out details of an agreement. Sources told ESPN.com that the offer is believed to be for eight years and around $35 million.>>
<<Florida's Billy Donovan is currently the highest-paid coach in the country, securing a deal for $3.5 million per year after his second national championship.>>
http://sports.espn.go.com/ncb/news/story?id=4026848<<Sen. Charles Grassley, ranking Republican on the Senate Finance committee, has called for colleges to be more transparent about their finances. The Internal Revenue Service last year asked 400 colleges for detailed financial information in an effort to check compliance with regulations related to their tax-exempt status.
The highest paid employee at any of the schools in the study was Pete Carroll, head football coach at the University of Southern California. He earned $4.4 million -- more that quadruple the annual compensation of Steven Sample, USC's president. A USC spokeman said Mr. Carroll, whose team finished third in most college football rankings this year, would have no comment.>>
http://online.wsj.com/article/SB123534056703543691.htmlWith college coaching having crashed through the $4M, and moving headlong toward the $5M salary barrier, one wonders how long we can keep this up? How will schools be able to compete in this marketplace? If so, will it seriously degrade funding for professorial salaries, library acquisitions, and other much needed capital improvements to campuses? Or, is it simply something we shouldn't worry about -- is this an age in which wealthy alumni will simply provide the funding (as appears to be the case at UK) to associate their names with the prestige of a winning sports program? What about the smaller schools around the nation? Can they keep up in this spending race?