Thursday, December 13, 2007

Bowling for Dollars

Think coaching salaries are out of line? Some bowl executives are laughing all the way to the bank, Brent Schrotenboer of the San Diego Union-Tribune reports.

In 2002, Gary Cavalli earned $90,000 as executive of a new postseason game in San Francisco. In 2006, his compensation package was $362,018 for the game now called the Emerald Bowl.

“Frankly, my compensation package is none of your business,” Cavalli said.

Cavalli is not alone. From 2001-05, compensation packages for bowl game executives have increased about 70%, with many of them more than doubling, according to an examination of the bowls' Internal Revenue Service records. The Outback Bowl's Jim McVay earns about $490,000, more than double the salary for the CEO of the oldest bowl, the Rose Bowl ($239,807).

Eleven years ago, there were 18 bowl games. Today there are 32, some operated by ESPN. No wonder the opposition to a playoff by the bowl system.

Thanks to Mike.

3 comments:

Beezer said...

"No wonder the opposition to a playoff by the bowl system."

I was thinking the exact same thing as I kept reading.

J Money said...

I never understand that, though -- why the opposition? Nobody is suggesting we do away with the lower-tier bowl games. The playoff would be the top BCS teams and then all those mediocre 7-5 teams could still enjoy a payday and a bowl game and everybody stays happy. Don't get it.

gerry dorsey said...

what the hell do these guys do all year besides run around in hideous blazers??