The business of college athletics is run by stakeholders rather than stockholders and the bottom line is measured by victories rather than profits. That, sports economist Andrew Zimbalist says, is why Texas A&M is paying Jimbo Fischer more than $75 million to not coach its football team and coaches at some of the nation’s top programs have similar, massive severance packages baked into their contracts. There will be no end to these golden parachutes, Zimbalist and others said, until the business model changes and significantly more revenue is redirected to the athletes. “If we’re having this conversation in 30 years and athletes are employees, all these benefits and ridiculous severance paym
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