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The vast majority of colleges lose money on college sports. And when I say "money", I mean millions of dollars that come directly out of students' pockets in hi
by ericabiz 11y ago
The vast majority of colleges lose money on college sports. And when I say "money", I mean millions of dollars that come directly out of students' pockets in higher fees. Here are the numbers: http://www.al.com/sports/index.ssf/2014/08/ncaa_study_finds_all_but_20_fb.html http://www.al.com/sports/index.ssf/2014/08/ncaa_study_finds_...
WaPo writeup: http://www.washingtonpost.com/sf/sports/wp/2015/11/23/running-up-the-bills/ http://www.washingtonpost.com/sf/sports/wp/2015/11/23/runnin...
"The frantic spending race is playing out differently across the country. Higher coaches salaries, while common, are just part of an array of expenses soaring at athletic departments that fail to profit.
At the University of California Berkeley, the mortgage on athletics buildings went from $0 to $23.4 million in a decade. At the University of Wisconsin, annual maintenance and spending on facilities went from $10.5 million to $38.2 million. At Florida State, pay for athletics staffers — not including coaches — went from $7.7 million to $15.7 million. At other schools, rising costs for travel, severance pay, recruiting and other items combine to keep athletics in the red."