Is VCU Asking Its Students To Help Pay Shaka Smart’s Salary?
Posted by nvr1983 on May 24th, 2011One of the feel-good stories of the offseason was how VCU coach Shaka Smart turned down the lure of the big money and name brand appeal of multiple job openings at schools in traditional power conferences so he could stay at VCU. This was surprising to many because the odds of Smart repeating the success of his team’s miraculous run to the Final Four are exceedingly small. Still Smart appeared to want to stay to help build a premiere program rather than just a flash-in-the-pan success story that was never heard from again. Of course, the jump in his salary from $325,000 to $1.2 million per year also helped persuade Smart to stay in Richmond.
Although the VCU student body was undoubtedly pleased to retain the head coach that was responsible for the the most successful postseason performance in the school’s history there was the obvious question of who would foot the bill. The taxpayers? That’s funny. The alumni and boosters? Partly, but they are not footing the entire bill. How about the students? According to some reports they may be the ones picking up the tab on this one. Earlier today the VCU administration announced that the overall student fee would increase by $50 per full-time student for the next academic year, which would largely go towards the athletic programs and generate $875,000 in additional revenue for the athletic program. Of that $875,000 nearly two-thirds would go to the basketball program (approximately $583,000). Based on the full-time enrollment numbers from the university that would be a little over $20 per student towards the basketball program.