The Correcting Opportunity and Accountability in Collegiate Hiring Act would cap compensation for college athletics employees at institutions that receive federal student aid. Specifically, any single athletics department employee's total annual compensation—including salary, bonuses, buyouts, and payments from affiliated organizations like booster clubs—could not exceed 10 times the institution's undergraduate tuition and fees. The bill applies to head coaches, assistant coaches, athletic directors, and other athletics administrators, and treats employment buyouts as compensation counted toward the cap in the year they are paid. The legislation includes a transition period allowing existing employment agreements signed before the bill's enactment to continue unchanged through their original terms, while all new agreements must comply with the cap going forward. To avoid legal challenges under antitrust law, the bill provides a targeted antitrust exemption allowing colleges and conferences to collectively adopt and enforce these compensation limits as a condition of participating in federal student aid programs.
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