Myles Brand is laughing all the way to the bank. The head of the NCAA pulled down $895,000 in 2005-06, according to tax records obtained by the Indianapolis Star.
That is almost a 3% increase from the previous year. The NCAA declined a request to reveal his salary for this year.
There is only one public university president and eight private university presidents who make more than Brand, according to the Chronicle of Higher Education. Brand took over the NCAA in 2003 after serving as president of Indiana University. He was making $392,000 when he left Indiana.
The NCAA reported revenue of $549 million on the tax form, the vast majority of which comes from the Division I men's basketball tournament. The NCAA reported that more than 90% of its money was returned to schools in direct payments or services such as conducting national championships.
Once again we ask, who is taking advantage of the system? It's certainly not our student-athletes, who are having to go to court in January to get money for incidental expenses, which the NCAA eliminated in 1973 to cut costs.
It should come as no surprise that they continue to ask questions in Washington about the tax-exempt status of college sports.