(Community Matters) A $5mm salary for the head coach of a public university – hasn’t seemed right since it happened. Looking at it from the frame of a non-profit executive (AAS story this morning) further calls to question Mack Brown’s level of compensation. Would we stand for a $5mm salary for the CEO of the American Red Cross, the American Council of YMCAs or the Salvation Army – all which generate at least 10x UT football revenues and might seem more worthy of charitable tax status than a football program?
I respect fans’ right to compensate UT’s coach as they deem fit. Perhaps the solution is to simply withdraw from nonprofit status and for fans to support the program without a charitable deduction.
The charitable status of Longhorn Foundation contributions might be questioned by the IRS anyhow. Arguments are being made that the contributions represent the market price of goods & services received (ie., well-placed seats).
Community Matters 