https://www.theguardian.com/sport/2019/oct/16/college-sports-revenue-loss-making-programs-academics
Seems most college athletes are already being paid (for) by their classmates. As interested in how the NCAA spends/distributes $1.1 billon dollars in annual revenue - how much is returned to schools and just what the real bottom line is for DI Power 5 conference universities? So I found this:
https://ncaaorg.s3.amazonaws.com/ncaa/finance/2017-18NCAAFin_NCAAFinancialStatement.pdf
Which shows that about 70% of the funds go back to schools, but even so most schools are running their athletic departments (ADs) at a loss.
This: http://sports.usatoday.com/ncaa/finances/ makes it clear (click on methodology link at end of article) that most schools showing a profit do so only because as mentioned in The Guardian article they list student fees and university support for their ADs as revenue and that without 'taxing' the students and non-NCAA institutional support almost all would be running in the red.
So why do student athletes need to be paid (more) for playing sports in college when their very presence at school is already being subsidized by everyone on campus? If IU students have their annual tuition hiked by $1000 annually per head as is the case at the nine Virginia schools cited in the article, that's a more or less $50,000,000 annual subsidy to the AD. Swell. Great case for students getting to select the athletic director rather than the board of regents, picking the mascots (Bison anyone?) and maybe even the playlist for the marching band during halftime...
Looking back to my campus days I can't remember anyone that paid much attention to sports apart from occasionally going to a BB or FB game. Just too much else going on for it to hold anyone in thrall which leads me to surmise that athletic programs are more for the benefit of alumni than the student body, the athletes themselves notwithstanding. Or so I imagine.
Time to meet the day. Have yourselves a good one.
Seems most college athletes are already being paid (for) by their classmates. As interested in how the NCAA spends/distributes $1.1 billon dollars in annual revenue - how much is returned to schools and just what the real bottom line is for DI Power 5 conference universities? So I found this:
https://ncaaorg.s3.amazonaws.com/ncaa/finance/2017-18NCAAFin_NCAAFinancialStatement.pdf
Which shows that about 70% of the funds go back to schools, but even so most schools are running their athletic departments (ADs) at a loss.
This: http://sports.usatoday.com/ncaa/finances/ makes it clear (click on methodology link at end of article) that most schools showing a profit do so only because as mentioned in The Guardian article they list student fees and university support for their ADs as revenue and that without 'taxing' the students and non-NCAA institutional support almost all would be running in the red.
So why do student athletes need to be paid (more) for playing sports in college when their very presence at school is already being subsidized by everyone on campus? If IU students have their annual tuition hiked by $1000 annually per head as is the case at the nine Virginia schools cited in the article, that's a more or less $50,000,000 annual subsidy to the AD. Swell. Great case for students getting to select the athletic director rather than the board of regents, picking the mascots (Bison anyone?) and maybe even the playlist for the marching band during halftime...
Looking back to my campus days I can't remember anyone that paid much attention to sports apart from occasionally going to a BB or FB game. Just too much else going on for it to hold anyone in thrall which leads me to surmise that athletic programs are more for the benefit of alumni than the student body, the athletes themselves notwithstanding. Or so I imagine.
Time to meet the day. Have yourselves a good one.