Can't speak of all schools, but at my local state school (which I attended) - which as far as sports teams is way down on the list of being considered important (i.e. you'll never see them on TV), they constantly bringing in coaches making $1M/year, who then hire a bunch of assistant coaches making $200K a year etc - and then when the teams don't do well - like losing 80% of their games - they fire the coaches (paying out the rest of their contracts) and hire the next million dollar coaches, rinse and repeat - and this is at a state-run school; I would imagine at private schools with top tier teams, its even worse.

There is so many overspending problems its not even funny - and yet the people actually teaching the classes are TA's, probably getting $20K/year, while the professors work on their 'research' and are rarely available to students.

Starting to think the whole higher-education model is hopelessly broken.