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Syracuse Athletics
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Can Private Equity benefit college sports?
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[QUOTE="HRE Otto IV, post: 5599859, member: 5685"] I think the best thing that PE can do is stop overpaying HCs and stop giving them these lengthy contracts. Schools have more leverage than they realize yet they give out these contracts that they either cannot get out of, or have to waste large sums of money to buy out. How was Moore who was likely making less than $1M before becoming HC getting paid over $6M? It was an internal hire. There was no competition for him to sign on. He had (and still has) no track record. Why did Franklin and Kelly have such long contracts? Obviously they were not so great that tney were significantly better than alternatives. Why are contracts not incentive backed? Why is there such a huge gap from being a G6 HC to being a P4 HC? Just because the P4 schools have a lot more money to spend, doesn't mean that you should pay a guy twice as much to do the same job. Napier was making around $2M before Florida and $7.5M at Florida. Explain that? I think PE will stop all of this nonsense and save the schools millions in costs. [/QUOTE]
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