Like almost everything else in life, the cost of doing business continues to rise.
Nowhere is that more prevalent than in big-time college football, where 38 schools spent more than $20 million on their programs last year. Alabama led with more than $41 million in expenses, according to information obtained from the Department of Education. Auburn was second with $36 million. TCU spent more than $31 million, the fifth-most in the country.
Spending on football more than doubled between 2005 and 2012, according to data from the Knight Commission on Intercollegiate Athletics and the Education Department. A big reason for the increase: coaches’ salaries.
Adjusted for inflation, the median salary per player jumped 45 percent between 2005 and 2011, according to the Knight Commission, while education spending per student increased 3 percent during the same period.