According to NCAA data, CSU has one of the least-profitable athletics programs in the Mountain West Conference.
Between 2003 and 2009, CSU has consistently ranked last in total athletics revenue, adjusted for enrollment size, while simultaneously ranking near the top of the conference for cost-per-win for the football program.
CSU also had the lowest overall monetary revenue in the conference from 2004 to 2009.
Former football coach Steve Fairchild, who this year earned $700,000 according to USA Today, earned $233,000 per win, the third highest in the conference this year behind University of New Mexico Head Coach Mike Locksley and University of Nevadaâ€“Las Vegas Coach Bobby Hauck, who earned $750,500 and $501,100 respectively.
Sonny Lubick, who preceded Fairchild as head football coach, earned $529,900 and $549,900 during his final two seasons (2006 and 2007), and came at a cost of $132,475 and $183,300 per win.
Former Athletics Director Paul Kowalczyk was the fourth highest-paid AD ($284,875) in the Mountain West this year, behind the ADs at New Mexico, San Diego State and UNLV.
While their athletic directors ranked as some of the highest paid, New Mexico and UNLV had the worst records in the conference at 1-11 and 2-10. CSU, which finished at 3-9, had the third worst.
CUâ€“Boulder Athletic Director Mike Bohn earned $253,500 in 2011, and football coach Jon Embree earned $725,000, ultimately coming at a cost of $241,667 per win.
Graham, whose salary will be the same as Kowalczykâ€™s, will be the highest-paid athletic director in Colorado.
Kowalczykâ€™s hiring in 2006 marked an increase from $19,777,870 in revenue to $22,093,683 in 2007, the highest revenue increase during the 2003 to 2009 period. Since then, however, revenue has leveled off.
Content Managing Editor Allison Sylte can be reached at firstname.lastname@example.org.