zinfamous
No Lifer
- Jul 12, 2006
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Yep, I've linked it in these forums before, but IIRC, less than 20 athletic programs actually make money. The rest lose. Too lazy to look up the info now, but I believe it is on the NCAA's site as well. It is a myth that won't die that states athletic programs everywhere are raking in the money.
EDIT: My memory was a little off; 22 programs made money:
http://www.ncaa.org/wps/wcm/connect...lue+Disk+-+FBS+Athletic+Revenues+and+Expenses
It's NCAA fairy tales to justify their importance in regulating (Read: controlling) the value of sports programs.
Don't get me wrong--I get into college sports as much as anyone (Well, not so much anymore), but the only way to try and justify to the peons that CBS (prior) contract for bball NCAA tournament was really worth $4 billion, head coach salaries eclipsing the faculty salaries of entire University departments, students (tuition) and tax payers (state Universities) need to be on the hook for upgrading stadium facilities, the existence of ESPN and the wider sports marketing world tied to NCAA...is to continue fostering this lie that the sports programs are anything more than a speck on the radar of a University's larger revenue.