08-24-2010, 12:38 PM
Source: http://sports.espn.go.com/ncf/news/story?id=5490686
FTA:
A newly released NCAA report shows that just 14 of the 120 Football Bowl Subdivision schools made money from campus athletics in the 2009 fiscal year, down from 25 the year before...
....The NCAA doesn't release individual schools' revenues and expenses. But Fulks confirmed that Alabama, Florida, Ohio State, Texas and Tennessee are among the select group that made money. So is Missouri, which reported generating $2 million in profits from campus athletics in 2009...
....Sixty-eight FBS schools reported turning a profit on football, with a median value of $8.8 million. The 52 FBS schools that lost money on football reported median losses of $2.7 million...
....More teams generally means larger subsidies from the school.
"Football and men's basketball are the only two sports you have any chance of making money," he said. "If you start splitting that up between 30 or 40 sports, you start losing money."
As public universities throughout the country struggle with double-digit tuition increases, employee furloughs, teacher layoffs and enrollment caps, scrutiny of those institutional subsidies for athletics are increasing.
In Iowa, the Board of Regents voted unanimously in March to order school presidents at Iowa, Iowa State and Northern Iowa to come up with plans to scrap -- or dramatically decrease -- such sports subsidies. Campus leaders are expected to report back to the Iowa regents next month.
FTA:
A newly released NCAA report shows that just 14 of the 120 Football Bowl Subdivision schools made money from campus athletics in the 2009 fiscal year, down from 25 the year before...
....The NCAA doesn't release individual schools' revenues and expenses. But Fulks confirmed that Alabama, Florida, Ohio State, Texas and Tennessee are among the select group that made money. So is Missouri, which reported generating $2 million in profits from campus athletics in 2009...
....Sixty-eight FBS schools reported turning a profit on football, with a median value of $8.8 million. The 52 FBS schools that lost money on football reported median losses of $2.7 million...
....More teams generally means larger subsidies from the school.
"Football and men's basketball are the only two sports you have any chance of making money," he said. "If you start splitting that up between 30 or 40 sports, you start losing money."
As public universities throughout the country struggle with double-digit tuition increases, employee furloughs, teacher layoffs and enrollment caps, scrutiny of those institutional subsidies for athletics are increasing.
In Iowa, the Board of Regents voted unanimously in March to order school presidents at Iowa, Iowa State and Northern Iowa to come up with plans to scrap -- or dramatically decrease -- such sports subsidies. Campus leaders are expected to report back to the Iowa regents next month.