UPDATE: Athletics has confirmed that Pete Mangurian will coach Columbia football next year. He has an impressive track record at Cornell, Stanford, LSU and with the NFL.
Notoriously un well-versed in sports, we were intrigued by the financial details of Columbia’s football team, detailed yesterday in the Times:
- The head coach of the football team is paid somewhere around $250,000 a year. This is comparable to senior administrators and faculty. The average salary for Columbia’s 14 men’s coaches is $94,000.
- Last year, PrezBo’s salary was $1.5 million, 6.9 times the median professor salary of $222,000, including benefits. This was a 13% decrease from his previous year’s pay.
- For comparison, John Sexton of NYU earned roughly the same, while Harvard’s Drew Faust, received $875,000 (a 6.4 % increase), and Princeton awarded its president, Shirley Tilghman, $911,000,(a 3.4 % increase).
- For further comparison, tOSU just hired a new coach on the terms of $4 million annually, and the use of a private jet.
- The annual expenses of the football team come in around $2.6 million.
- Two of Columbia’s major donors have made big gifts to Athletics in recent years. Willaim V. Campbell, chairman of the Board of Trustees, pledged $10 million, and Robert K. Kraft, owner of the New England Patriots, pledged $5 million. Both played football at Columbia.
- Columbia’s football team has only played five winning seasons since 1956.