camps, radio income, Note: Bonuses related to television income, tuition participation in a remission, earned season bowl game should deferred compensation be included in Category 41. benefits). Place any payment made to previous coaches to satisfy a contractual agreement for coaching in Category 23 (Severance Payments). 23 Coaching Include all compensation Input compensation, Not applicable to most Salaries, paid to the coaching staff bonuses and benefits paid schools, most have all Benefits and by a third party and to all coaches by a third compensation Bonuses paid contractually guaranteed party and contractually reflected on schools by a Third by the institution, but not guaranteed by the W-2. However, VT Party included on the institution, but not indicated third-party institution’s W-2 (e.g., car included on the institutions contract with coaches. stipend, country club W-2 including: membership, Example: NIKE pays entertainment allowance, Car stipend. directly, not • clothing allowance, Country club through school. • speaking fees, housing membership. allowance, compensation Allowances for clothing, • from camps, radio housing, entertainment. income, television Speaking fees. • income, shoe and apparel Camps compensation. • income). Expense Media income. • Categories 20 and 22 Shoe and apparel income. • combined should equal Revenue Category 5 Expense Category 23 and (Compensation and 25 should Category 10. Benefits Provided by a Third Party). Note: Bonuses related to participation in a bowl game should be included in Category 41.
camps, radio income, television income, tuition remission, earned deferred compensation benefits). Place any payment made to previous coaches to satisfy a contractual agreement for coaching in Category 23 (Severance Payments). Note: Bonuses related to participation in a bowl game should be included in Category 41. 23 Coaching Salaries, Benefits and Bonuses paid by a Third Party Include all compensation paid to the coaching staff by a third party and contractually guaranteed by the institution, but not included on the institution’s W-2 (e.g., car stipend, country club membership, entertainment allowance, clothing allowance, speaking fees, housing allowance, compensation from camps, radio income, television income, shoe and apparel income). Expense Categories 20 and 22 combined should equal Revenue Category 5 (Compensation and Benefits Provided by a Third Party). Input compensation, bonuses and benefits paid to all coaches by a third party and contractually guaranteed by the institution, but not included on the institutions W-2 including: • Car stipend. • Country club membership. • Allowances for clothing, housing, entertainment. • Speaking fees. • Camps compensation. • Media income. • Shoe and apparel income. Expense Category 23 and 25 should Category 10. Note: Bonuses related to participation in a bowl game should be included in Category 41. Not applicable to most schools, most have all compensation reflected on schools W-2. However, VT indicated third-party contract with coaches. Example: NIKE pays directly, not through school. season
NCAA%20Financial%20Reporting%20Guidance%202018.docx