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[QUOTE="oldude, post: 2482632, member: 7511"]
With UConn and the state of CT already struggling with a very large budget deficit, the last thing the school needs is changes to the tax law that have the potential to negatively impact both costs and revenues.

The new tax law has a provision that places a 21% excise tax on the university for any college employees earning over $1 million annually, provided those employees are among the top 5 earners at a school.  The structure of the contract is relevant with deferred income not subject to the excise tax, but there will likely be in impact to the University based on the HC salaries for football & basketball.  It could be worse.  Alabama will pay over $1.2 million on Nick Saban’s salary alone.

A second change involves the elimination of tax deductions for donations associated with ticket purchases.  For many boosters, their purchase of season tickets is packaged with a significant donation to a school’s athletic department.  Those donations are no longer tax deductible.  Not sure how significant a source of revenue such ticket based donations are at UConn, but at schools like Bama and tOSU, they amount to millions of dollars.
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