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Message: [QUOTE="sutomcat, post: 1912356, member: 27"] This is just categorically wrong. [URL='http://www.ncaa.org/about/resources/media-center/news/athletics-departments-make-more-they-spend-still-minority']Athletics departments that make more than they spend still a minority[/URL] Only 24 FBS schools generated more revenue than they spent in 2014, according to the [URL='http://www.ncaa.org/sites/default/files/2015%20Division%20I%20RE%20report.pdf']NCAA Revenues and Expenses of Division I Intercollegiate Athletics Programs Report[/URL]. That figure jumped from 20 schools in 2013, but it has remained relatively consistent through the past decade. Though the number of athletics departments reporting positive net generated revenues has increased slightly, the average of their net generated revenue has dipped in the past year. Those 24 schools, at the median, generated about $6 million in net revenue, compared to just over $8 million in 2013 and a little more than $2 million a decade ago. But those 24 schools are a minority. Many more schools saw their expenses exceed their revenue, requiring their colleges and universities to cover the shortfall. [B]The median FBS school spent $14.7 million to help subsidize its athletics department in 2014, up from a little more than $11 million in 2013. That level of spending isn’t unique to FBS schools – median Football Championship Subdivision and non-football schools spent roughly $11 million to help fund athletics in 2014.[/B] "There is still a misperception that most schools are generating more money than they spend on college athletics," said NCAA Chief Financial Officer Kathleen McNeely. "These data show once again that the truth is just the opposite. "The overwhelming majority of colleges and universities in the NCAA across all three divisions subsidize part or all of athletics. The reason they invest is because sports provide educational value to student-athletes while enhancing overall campus life and building life-long connections with alumni and other supporters. Those are all important outcomes from athletic programs that are worth celebrating, sharing and investing in wisely.” There isn't a pot of gold to finance all these great ideas to help college athletes. And with the ongoing arms race regarding the building of facilities and hiring of support staff, and the rule changes to extend benefits to athletes ([URL='http://www.usatoday.com/story/sports/college/2015/08/18/ncaa-cost--attendance-meals-2015/31904839/']College athletes cashing in with millions in new benefits[/URL]), things aren't going to get better anytime soon. [/QUOTE]

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