Mark Emmert pulled down close to $1.7 million in the NCAA’s last fiscal year, which was an almost 50% bump over what his predecessor made. He probably chalks that up to hazardous duty:
The NCAA’s new tax return also provided an indication of the mounting legal pressure it has been facing.
The association reported nearly $9.5 million in legal expenses during a fiscal year that ended Aug. 31, 2012 – more than what it reported for that spending category in its two previous fiscal years, combined. (While compensation data in the federal tax returns of non-profits are for a calendar year, the revenue and expense reporting covers the organization’s fiscal year.)
The NCAA reported nearly $4.1 million in legal expenses for 2010-11 and a little more than $4.1 million for 2009-10.
Hanging out with counsel ain’t no fun, y’all. And reviewing those bills is a real pain. Such small print!
Kids, this is why you should cherish that amateur status. You don’t need those pesky headaches.