Congress Investigates the NCAA
In an article for USA Today, it seems that Congress is questioning the NCAA's
tax exempt
status... "Congress is putting the NCAA on the defensive, asking the association
— which
generates more than half a billion dollars annually — to justify its tax-exempt
status.
In a sharply worded letter to NCAA President Myles Brand, the chairman of the
House Ways
and Means Committee points to the lucrative television contract, coaches'
escalating
salaries and schools' "state-of-the-art" facilities, and questions college
athletics'
connection to higher education."