NCAA president Mark Emmert made $2.9 million during the 2019-2020 fiscal year, a period when pandemic-related closures caused the organization’s revenue to drop by more than 50%.
The organization brought in $521 million between Sept. 1, 2019, and Aug. 31, 2020, down from more than $1 billion in revenue the previous fiscal year, according to tax returns provided to ESPN Monday.
Not that the guys at the top noticed.
Emmert and other top officials at the NCAA reported a slight increase in pay during the year. Donald Remy, who was recently confirmed for a position in the Biden administration, made $1.7 million as the NCAA’s chief operating officer during the 2019-20 year. Executive vice president Stan Wilcox made $1.3 million.
Remy deserved it, because he had to spend so much time reviewing outside counsels’ bills.
Remy, who had been Emmert’s closest advisor on a wide range of legal and rules-making matters, last week was confirmed as the Biden Administration’s Deputy Secretary of Veterans Affairs.
Seven other NCAA executives were credited with total compensation of more than $550,000 for the 2019 calendar year.
The NCAA’s legal expenses for fiscal 2020 were just over $11 million more than the association had reported for this expense category for any single fiscal year, going back to at least fiscal 2009.
The association said in its statement Monday that the fiscal 2020 amount “is due to an accrual of $34.8 million related to the Alston case.”
Lawyers representing the plaintiffs in the Alston antitrust case had been awarded $33.2 million in fees and costs for the trial phase of the case. The plaintiffs’ lawyers recently filed for an additional $3.5 million in fees and costs for the case’s appellate phase.
Over its past six fiscal years, the NCAA has reported a total of $252.1 million in outside legal expenses and $69.1 million in legal-cost insurance recoveries.
The good news is that things promise to stay busy for his successor.
Hey, they’re getting the band back together!
You know the cliché about how your sixteen-year old could do a better job? When it comes to the NCAA, it’s not a cliché.