Father Peter mentioned last night that Bill Finneran had endowed Jay's salary.
What exactly does this mean? A quick Google search indicates that Finneran contributed $1mm towards the head coach's salary. That would produce, typically, $50k for use annually.
Can anyone shed any light on how the coaches' salary endowments work?
It would take around $50 mm or more to endow Jay's salary under the typical understanding of how such things work, right?
What exactly does this mean? A quick Google search indicates that Finneran contributed $1mm towards the head coach's salary. That would produce, typically, $50k for use annually.
Can anyone shed any light on how the coaches' salary endowments work?
It would take around $50 mm or more to endow Jay's salary under the typical understanding of how such things work, right?
