I think all subsidies should be phased out or capped at say 1:1 or 2:1 with donations. And I think students should vote on their athletic fees, and their votes honored. And I think officials should be accountable for redirection of funds and a ratio report should be issued for every school. (This applies to public schools, privates can do as they please, since it's not tax payer money)

Ohio, Illinois, Michigan are all big offenders.

Among FBS schools UMass and EMU are by far the worst offenders. Several MAC schools are offenders as well, though not on the same level. $100M transferred in 5 years is very serious money, as is $40M in student fees. That could have paid for the expansion of the school by 1000 students to attend free, or as many as 4-5,000 without subsidies (probably a middle number of 2-3,000 additional students in the UMass system is the true cost). Effectively over 1/3rd of the foundation fund raising has to offset the drain athletics is on the school. Think what could have been built with $100M, what research (and student participation value in that) could have been done. That is called lost opportunity cost.

The fundamental truth is UMass football supporters are welfare recipients. They pay $1 for every $14 of tax payer money to support their habit.