Power Five schools that handed out eight-figure contracts to football coaches this fall could face millions in new taxes on those coaches’ salaries if the tax overhaul becomes law. Here’s a look at how much the new coaches are making and the potential tax burden on the universities:
Arizona State:
Herm Edwards: five years, $12.5 million total, $2.5 million annually.
Potential tax burden: $2.5 million total, $500,000 annually.
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Pay cut: $700,000 annually over predecessor Todd Graham.