HomeLeaguesNCAA Reports $61.5M in Legal Fees in FY23, Emmert Gets $3.3M

NCAA Reports $61.5M in Legal Fees in FY23, Emmert Gets $3.3M

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In his last full calendar year on the job, former NCAA president Mark Emmert was paid$ 3.3 million. The tax registration says his compensation package was$ 4.3 million.
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The NCAA spent$ 61.5 million in legal costs in the year that ended in August 2023, according to the group’s most recent 990 tax issuing, as it continued to defend its business unit in the face of many competitive claims.
The$ 61.5 million is the group’s second- highest monthly total in at least the next 12 years, and good its second highest full actually. The NCAA reported$ 53 million in fiscal 2022,$ 52.5 million in 2021 and$ 67.7 million in 2020. It was typical for the organization to spend less than$ 10 million before the majority of the antitrust lawsuits took hold, going back a decade.
The NCAA’s five highest- paid independent contractors were all law firms, according to the filing. They include Orrick, Herrington &amp, Sutcliffe ($ 16.7 million ) and Bryan Cave LLP ($ 5.7 million ).

The document also provides information on how much former president Mark Emmert was paid while he was in his final year. Emmert, who agreed to step down effective June 30, 2023, was paid$ 3.3 million in the in the 2022 calendar year, including$ 2.8 million in base pay, comparable to his pay the prior year. Emmert left in June 2023, according to the document, and he also received another$ 4.3 million in severance. That number will be reflected in next year’s tax return.
The only other NCAA executives with earnings over$ 1 million were Stan Wilcox, the organization’s executive vice president for regulatory affairs, and Brian Hainline, a recently retired chief medical officer. Wilcox was paid$ 1.5 million in total compensation, Hainline as paid just over$ 1 million.
The organization reported record$ 1.26 billion in revenue, fueled largely by its annual TV contracts with CBS and Turner for the men’s basketball tournament. Sportico has detailed more about the organization’s revenue and expenses in its coverage of the NCAA’s annual audited financial statements.
The NCAA’s total employee base continues to drop. It was 591 in calendar year 2022, down from a high of 657 in 2019. It had been 600- plus in every year from 2013 to 2020.
( This story has been corrected to specify the time frame of Emmert’s$ 3.3 million in compensation. It was in the 2022 calendar year, not fiscal year ).

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