It’s Priceless

8 Apr

Duke 68, Wisconsin 63: 2015 NCAA Basketball Championship final score

$1.1 million: Duke university president salary

$525,000: U. of Wisconsin System president salary

$9,682,032: Duke U. basketball coach earnings

$2,946,000: Wisconsin U. basketball coach earnings

$1.67 million: amount earned per conference per team in the field of 64

$27 million: Duke basketball revenue

$800 million: annual NCAA tournament Net in licensing deals

$9 billion: Amount bet by fans on the basketball tournament

Priceless: What student/athletes earn yearly and for participating in the NCAA basketball tournament

No seriously… priceless… as in 0, zip, zilch, Nada, nothing. And for the fans in the stands…

$27,711.00: Average UW-Madison student loan debt

$21,884.00: Average Duke U. student loan debt

Here in the USA we love to be entertained, and we love our entertainers.

Education and our students?… Not so much…

Oh yeah, and by the way, The NCAA is a tax-exempt, non-profit association…their chairman earns 1.7 million dollars per year and they just signed a 10.8 billion dollar, fourteen-year, contract with CBS and Turner Broadcasting just to televise college games.

Also Priceless: 501 (c)(3) charitable status…at least it can’t hurt.

7 Responses to “It’s Priceless”

  1. cindy knoke April 8, 2015 at 4:02 am #

    Oh God how repugnant. So a coach is worth about $9.5 million dollars a year more in salary than a tenured prof. We need to understand, education is the last priority of many colleges and universities. This is even the case in many junior colleges. Money gets redirected to administrators/presidents across the board. Disgusting and one reason I left academia and retired early.

  2. makagutu April 8, 2015 at 5:22 am #

    It seems to me to be far much better to be a basketball coach than to be a university president where that coach is employed.

  3. onnovocks April 8, 2015 at 6:42 am #

    Maniacal laughter.

  4. kingmidget April 8, 2015 at 2:01 pm #

    Yeah. I’m in that “my kids are going to college” stage. I always knew that the price of college had become outrageous, but now I’m living it. We live in California. My younger son really wants to go to Oregon State. Out-of-state tuition is $28,000. Per year. That doesn’t include the dorm, food, or living expenses, which bring the total up over $40,000. Per year. For a public university. They’re offering him a $3,500 grant and a $5,500 loan. So, he has to come up with over $30,000 on his own. Even if he goes to a California school and pays in-state tuition, the total cost will be around $25,000 — for which he will be offered a $5,000 loan. Meaning, yes, he has to come up with another $20,000. We sadly make enough money to not qualify for real financial help, but not enough money to actually pay for the thing. It’s really disgusting what has happened to the cost of a public college education in this country. While the executives and administrators and professors make ridiculous salaries and sit in their ivory towers.

  5. howsyourlovelife April 8, 2015 at 2:01 pm #

    My daughter just toured Duke last week, and the tuition there is almost three times that of Wisconsin. They put a ceiling on the debt a student can have coming out of the university, but not on tuition itself.

  6. avwalters April 8, 2015 at 3:23 pm #

    I think I need to officially go non-profit. It’s time to go pro. Enough of this middling, amateur, scratching to get by–not making enough. Non-profit seems to be where it’s at.

  7. flyingafargo April 9, 2015 at 7:04 pm #

    This completely blew my mind. I think you are so right in that we love to be entertained and love our entertainers.

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