Money well-spent?
Now, a private philanthropist should be able to spend his money as he darned well pleases, but ...
The Raleigh-based John William Pope Foundation has announced a generous $2.3 million gift to UNC-Chapel Hill, $300,000 of which will fund study-abroad programs and summer research fellowships in Western studies, a pet interest of the foundation -- and $2 million of which will create an investment fund that will boost the pay of the Tar Heels’ assistant football coaches.
The fund will supplement the assistants' salaries by a total of $100,000 a year.
Apparently the poor Carolina assistants average only $146,778 in annual salaries and got only an average raise of $19,304 last year, The News & Observer of Raleigh reports.
An update, based on breakin sports news: Considering the outcome of Saturday's game versus Virginia Tech, maybe that extra money ought to be tied to performance incentives.