one of my fellow coaches once calculated our basketball stipend. Came out to .03 cents per hour. Not $.03 per hour, .03¢ per hour. We were making fractions of pennies.
I'm assuming your fellow coach didn't have a strong math background as unless you guys were getting paid under $10 to coach you were surely making more than a penny per hour. Even if you got paid $100 to work 8 hours/day for the entire year, you'd still be making more than 3 pennies per hour. Sorry couldn't resist!
More to the point of the larger discussion, whether refs are compensated well is really beside the point. The crew in the bowl game wasn't consistent and didn't have a great day. Probably wouldn't have changed things but, then again, getting a turnover with a chance to score and draw within a touchdown with 5+ minutes to go are how comebacks happen.