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.