If you need any further confirmation college sports is big business, just consider Charlie Weiss.
The Chicago Tribune reported recently that Notre Dame gave the fired coach more than $6.6 million at departure time a couple years ago. Plus, the Irish will continue to pay him into the year 2015.
The term “Sorry Charlie” doesn’t fit in this case.
I guess universities believe they need to pay these kinds of severance packages to stay competitive. As I said before, paying a coach big-time money to actually coach a team is one thing, but to pay him big-time money not to coach is another. There is one word that comes to my mind: stupidity.
The scary thing is most universities don’t blink an eye in this situation. They apparently just do a little more fundraising and the debt is history.
Maybe those same universities should start raising money to lessen another debt—the national debit.
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