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Hollywood accounting only works because the producers are taking the profits out by spending the money on outside firms that they get a piece of. That does not
by larkost 5y ago
Hollywood accounting only works because the producers are taking the profits out by spending the money on outside firms that they get a piece of. That does not work in college sports: they are just plain losing money... except for the coaches and he staff who are making it hand over foot (even on the small schools with horrible records).
The vast majority of college sports programs in the U.S. are losing a lot of money for the school. They are operating at a detriment to the school's main goal of learning.
- ryathal 5y agoThey "lose" money because they offer more than men's basketball and football. Those two sports finance everything else, it's easy to document millions in losses for swimming, soccer, track, field, baseball, softball, tennis, golf, and everything else. Also a Universities goal of learning is research, not teaching, especially not undergrad teaching.
- AlanSE 5y agoThis has always seemed like a weird defense of college sports to me, because college swimming, soccer, etc. are still an elite cadre of extremely physically fit young people. Maintaining physical health is huge, but the demographic that needs to be targeted is lower performance level that club sports. Even THOSE are quite competitive. Even the (very fit) people who participate often cease physical activity and healthy eating soon after graduation. On the other hand, subsidizing college gym facilities does tend to reach most of the student body. Required athletics classes is even more effective and pays long-term dividends (if they haven't been canceled due to COVID by now). But even more-so than that, consistent physical activity for grade school and high school would be even better from a whole society perspective.