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Break it down please. How have the schools become fabulously wealthy off of this?
It's the coaches who are creating the totally distorted reality between players compensation and coaching compensation.
Schools are not a “for profit” business in the same ways our hospitals and health care facilities are not “for profit.” Look at president’s and administrative salaries at these schools - and their operating budgets, public support and donations; not to mention their public profiles. I’m not saying these are necessarily bad things - it shows the inherent value of athletics.
Do you think UConn is what it is today without the basketball programs?