In an interview with 610 Sports Radio KCSP, Snyder went off on the state of college football that it has become a giant money grab that has altered the priorities of what a university should stand for.
Snyder said: "I can only speak personally. I'm grossly overpaid for what I do. That's part of what creates the issue."
No one is disagreeing with Snyder, but who is going to stop this giant gravy train of cash? The coaches? No. The agents? Hell no.
Snyder is 73, and recently signed a five-year deal worth $14.75 million. I wonder if he said, "Heeeeeey, no thanks."
Snyder continued: "I think it's in a bad place right now. It's in a bad place for a variety of reasons. We've allowed it to become money driven. We've allowed it to become TV driven. We've allowed athletic programs or football programs to mean more to a university than what the university is really supposed to be all about.
“The last I heard, we were educational institutions. Certainly there is an education that takes place in football, and I understand all the parameters. But it's not driven by values; it's driven by dollars and cents."
All of the above is accurate.
When schools realized a visible football and men's basketball team could be major revenue producers and beacons for donations is when the model dramatically changed. It has since become a race between coaches inside their own programs for "we need this and we need that" and the spending is non stop. These things need money. This means school officials have to beg donors, or agree to whatever TV wants to cover costs, which also include coaches' salaries.
What will change this reality Snyder did not say.
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