snydrosooner
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The $1,024,024 is just for Q1 for Bob...multiply by 4 and you are over $4 million.
As to your other points, the free market will sort this out. Athletes that provide little value will only be compensated with a small compensation package (a scholarship or a 25% scholarship). Those with a lot of value will receive more.
Realistically a move to a free market based system won't happen overnight. Too disruptive and too many entrenched interest will fight it. But over time I think it will happen at least for the big money sports.
That salary includes money paid to the University by sinclar ( I think) broadcasting for the rights to produce the Bob Stoop Coaches show. His base salary is less then the checks he gets from the University. The university gets paid for the coaches show, advertishing for OU Health science center ( yes the health science center does pay the athletic Departhment to use Bob Stoops) and others. This is then given to him in one check although its technicly payments form multiple avenues.
I think it was espn that had a story that a private school could not pay over 500,000 for a coach so the coach was being paid over 1 million dollars for his coaches show. This was away to get around the rule.