5/19/2013: You can’t make this shit up. Rachel Bachman has the story in the WSJ on PAC-12 commissioner Larry Scott’s earnings:
Scott took home a $1,376,000 bonus in addition to a base salary of $1,575,000 and other compensation of $71,462. … Scott said that owning its networks helps the Pac-12 “drive the academic mission in terms of promoting a broad array of Olympic sports, promoting campus content and promoting the brands of our universities in ways that would not be possible in my view if someone else is controlling your network.”
The players still get paid nothing, UO’s students are still paying millions in hidden subsidies, and the whole thing is subsidized by billions – well, at least a few billions – of state and federal tax-deductions. Here’s the illustrated version of the sorry state of public finance in our country:
And then there’s the UO Foundation, which does the money laundering for the Ducks – all to support UO’s tax deductible academic mission, of course. These are donations for current operations. CEO Paul Weinhold won’t release the breakdown for capital gifts and endowments.