Key Coverage

College Sports’ Fastest-Rising Expense: Paying Coaches Not to Work

These are just a few examples of the golden parachutes that await newly unemployed coaches in the lucrative world of major college sports, a phenomenon recently retired football coach Steve Spurrier once called “hitting that lottery ticket.” Severance pay is the top-rising expense for athletic departments at some of America’s largest public universities, according to a Washington Post review of thousands of pages of financial records from schools in the five wealthiest conferences in college sports.