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The Water Cooler
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Senate passes a sweeping Tax Reform Bill.
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<blockquote data-quote="Dave70968" data-source="post: 3065753" data-attributes="member: 13624"><p>It's not just athletic departments getting hit--it's <em>any</em> nonprofit paying salaries of over $1 million.</p><p></p><p>As for contribution/drain on the sponsoring university, most athletic programs are separate corporate entities from the university. OU's football and basketball programs are huge moneymakers, but that money subsidizes less popular sports; still, it's not generally coming from the university proper. Big-name sports programs <em>do</em> tend to be beneficial to their universities, though, in the form of attracting donations.</p></blockquote><p></p>
[QUOTE="Dave70968, post: 3065753, member: 13624"] It's not just athletic departments getting hit--it's [I]any[/I] nonprofit paying salaries of over $1 million. As for contribution/drain on the sponsoring university, most athletic programs are separate corporate entities from the university. OU's football and basketball programs are huge moneymakers, but that money subsidizes less popular sports; still, it's not generally coming from the university proper. Big-name sports programs [I]do[/I] tend to be beneficial to their universities, though, in the form of attracting donations. [/QUOTE]
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Senate passes a sweeping Tax Reform Bill.
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