Financial Information
Write a memorandum to that addresses the following items:
(1) a brief overview of college coaching salaries and compensation packages.
(2) How college coaches are employed now employed by an entity other than the university itself that somehow circumvents the law of tax-exempt entities? If universities use this circumvention model, how does this usually work, and how can they get around the law of tax-exempt entities?
(3) A brief overview of the federal of tax-exempt entities as that law pertains to compensation of executives. Is there anything in that law that specifically controls the compensation of coaches? Or are there general principles in that law of tax-exempt entities on which you can draw to make specific rules that govern college coaches’ compensation?
(4) A brief outline of the main provisions you think should be in any -4- legislation that governs college coach compensation.
Make your memo five
(5) total pages, single-spaced.