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Detailed text transcripts for TV channel - CNN - 20110224:19:50:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110224:19:50:00

That ceo gets stock and evaluated based on the profit performance of that corporation. the six super conference teams, the big guys, the ohio states, lsus, floridas, georgias, alabamas made over $1.1 billion in profit last year collectively, not saying 20%, 30%, 2% is right. all i'm suggesting is when you evaluate it with that head set, these coaches certainly earn what a ceo would make. >> does that always go back to the school? does that always go back to the school and help the school even if they make that much money? >> it certainly does in many cases because it helps fund other programs....

Detailed text transcripts for TV channel - CNN - 20110224:19:49:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110224:19:49:00

With the top 30 ncaa basketball teams, the ncaa teams get about one-tenth as much revenue yet their coaches compensation packages are practically equal. it's also financially necessary to have some kind of a cap because the average team, the 120 teams, largest teams in the ncaa are averaging a loss of over $10 million now just on an operating basis alone. >> what about all the money they say entirely the football programs of these universities bring in and the basketball programs? it's like, why would you want to hurt that because there are people who say they ultimately help the school and th...

Detailed text transcripts for TV channel - CNN - 20110224:19:52:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110224:19:52:00

People are saying listen, don't hate the player. hate the game. that's how it's done. go ahead and respond. >> i'm not going to debate andrew. he doesn't make deals. the bottom line is he can talk about numbers all he wants to. here's the circumstance. is the texas tech's profits went up to 11.5 maryland last year. a lot of it is because of mr. tubberville's coaching and the business people in that university thought it's appropriate to keep him. they would reward him and his staff based on the increased profit, which is used to fund other programs. it's not right, it's not wrong. it is what i...

Detailed text transcripts for TV channel - CNN - 20110224:19:48:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110224:19:48:00

Members and beyond. the latest storm is at texas tech where tommy tuberville is getting a 33% raise after one season on the job. one season, 33% raise. his new take home pay up to $2 million. that is guaranteed. so the question today is, should there be a salary cap on coach's compensation? i want to bring in and drew zim ba lift and rake hair row. andrew, you're a professor of economics and you say that there should be salary caps for coaches on compensation. why? >> i do. it's complicated. it would take an act of congress to give the ncaa an anti-trust exemption. that could happen. in my vie...