Looking at data from 2011-2012, athletic departments at 99 major schools lost an average of $5 million once you take out revenue generated from “student fees” and “university subsidies.” If you take out “contributions and donations”—some of which might have gone to the universities had they not been lavished on the athletic departments—this drops to an average loss of $17 million, with just one school (Army) in the black. All this football/basketball revenue is sucked up by coach and AD salaries, by administrative and facility costs, and by the athletic department’s non-revenue generating sports; it’s not like it’s going to microscopes and Bunsen burners.

Read full article [here].
by Reuben Fischer-Baum, Deadspin.

Posted: May 9th, 2013, by: admin. Categories: . Awaiting Comments.