Question: College football coaches get paid millions presumably because there is
College football coaches get paid millions, presumably because there is so much money involved in college football the need to win is paramount. However, head coaches are often fired when a season goes badly, such as Gene Chizik at Auburn University in late 2012. Coach Chizik’s buyout provision (if fired before his contract ends, which happened) was $7 million, pretty typical for Division 1 top-tier head football coaches. In fact, the whole Auburn University football coaching staff including Chizik was bought out the same day (11-26-12) for $11.09 million. How could a head coach’s compensation package be better structured for encourage winning, and at the same time not be so potentially costly to a university.
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