22 Division I NCAA FBS athletics departments made money in 2010...
- Thread starter Maroon Eagle
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I don't find the findings too surprising since I'm guessing the only sports in general that actually make money are Football, Basketball, and Baseball... basketball and especially baseball could also be money pits for a lot of schools.
We can guess that most BCS football teams made money, a shortlist of men's basketball made money (UK, Duke UNC maybe? Everyone else loses money), maybe less than 5 baseball teams made money (I don't think LSU makes much if any money and we probably have the highest or close to the highest revenue of any team) and the rest are revenuelosers. I guess if you averaged the last 5 years BCS Top 25 standings you'd get the 22 schools that made money. Nice that women's sports are 0 for 120 on making money.
because the numbers, on average, would suggest that any money made on men's hoops is negated by the loss in women's hoops. If you're close to breaking even in football, then your department loses money.<div>
</div><div>I did find the CNN report and most BCS schools made $2 mil in basketball, even if they sucked. Of course, women's hoops loses at least $2 mil.</div>
</div><div>I did find the CNN report and most BCS schools made $2 mil in basketball, even if they sucked. Of course, women's hoops loses at least $2 mil.</div>
1) Per Death to the BCS, there are quite a few teams that lose money or at best, break even. Furthermore, the only reason that many even break even are due to the distributions from conference revenue. For instance, one of the years that Florida won the national title, the book stated that something along the lines of 80% of the SEC's bowl teams would have turned in a loss for their bowl trip if it weren't for Florida's big cut. In fact, after Florida had to share all that money, they barely turned a profit themselves. Now, they're just talking about the postseason here, but nevertheless, it's not surprising to me after reading that book that there are so few departments that actually make money. The big moneymakers in college football are the coaches, ADs, and bowl execs.
2) Both college athletic departments and the bowls remain tax exempt by being considered non-profit organizations. I'm not going to act like I know all the details of that, but they obviously have to be very careful about how income is reported and where it's going. My point is that just because a department is reporting a loss or small gain, I have a feeling that it could easily be partly due to them funding a "money for a rainy day" account at the same time.
2) Both college athletic departments and the bowls remain tax exempt by being considered non-profit organizations. I'm not going to act like I know all the details of that, but they obviously have to be very careful about how income is reported and where it's going. My point is that just because a department is reporting a loss or small gain, I have a feeling that it could easily be partly due to them funding a "money for a rainy day" account at the same time.
Thanks DawgatAuburn for pointing that out. I thought he was just typing random caps like a prepubescent girl. Even once I realized what was going on, it still took me took me a minute to decifer it.