ESPN: FBS schools spent over $533.6 million in dead money over 10+ years

Paula Lavigne and Mark Schlabach of ESPN quote Knight Commission CEO Amy P. Perko, citing the C.A.R.E. Model.

Read the full article here.

The dead money paid to coaches is an example of the broken financial structure of big-money college sports, said Amy Perko, Knight Commission on Intercollegiate Athletics CEO.

“Institutions threw away more than half a billion dollars — allegedly to maintain their competitive advantages — on richly-compensated coaches, instead of using the money to support the education, health and safety of college athletes,” said Perko. “This is exactly why we released our 2021 C.A.R.E. model report. If far-reaching steps aren’t taken soon to control runaway spending on coaches, hundreds of millions of dollars will just continue to be wasted.”