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Old 09-23-2013   #206
Double Barrel
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Default Re: Foster admits to taking money in college

Quote:
Myth: College Sports Are a Cash Cow

Only seven other athletics programs at public universities broke even or had net operating income on athletics each year from 2005-2009, according to data provided by USA Today to the Knight Commission on Intercollegiate Athletics (for which I consult).

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For almost every other university, sports is a money-losing proposition. Only big-time college football has a chance of generating enough net revenue to cover not only its own costs but those of “Olympic” sports like field hockey, gymnastics, and swimming. Not even men’s basketball at places like Duke University or the University of Kansas can generate enough revenue to make programs profitable.


As a result, most colleges and universities rely on what the NCAA calls “allocated revenue.” This includes direct and indirect support from general funds, student fees, and government appropriations. In other words, most colleges subsidize their athletics programs, sometimes to startling degrees.

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Not sure if this info has been posted in this thread, but figured it was kinda' important to understand on this subject.
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