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Message: [QUOTE="Cheriehoop, post: 1343293, member: 127"] [SIZE=4][B]From the NCAA's own website: (actually was surprised how little is spent on producing the championships - $129 million in total) [/B] [B][/B] [B]How much money does the NCAA spend on producing championships?[/B][/SIZE] More than 54,000 student-athletes experience the thrill of participating in an NCAA championship every year. The NCAA’s championship expenses support operational expenses, team transportation, per diem costs, sport committee expenses, fan-appreciation events and programs saluting student-athletes. The NCAA currently spends $85 million on Division I championships, $23 million on Division II championships and $21 million on Division III championships. [SIZE=4][B]What are the NCAA’s operating expenses?[/B][/SIZE] With most revenue allocated to supporting student-athletes through various programs, the remainder is used to administer the day-to-day operations of the NCAA. This includes the costs of running the national office and supporting its 500 employees, who administer 89 championships, maintain a governance structure sustaining approximately 1,100 member schools, provide educational services to coaches and athletics administrators, and manage financial systems for membership. Other annual operating expenses include student-athlete catastrophic insurance, health and safety initiatives, legal support and governance committee travel. [SIZE=4][B]How much are the NCAA’s current assets?[/B][/SIZE] Under the direction of the NCAA Executive Committee, comprised of presidents and chancellors from all three divisions, the NCAA sets aside assets in reserve to protect NCAA membership in the future. The NCAA currently has approximately $530 million in unrestricted assets, including an operating reserve of $84 million, a $34-million reserve for capital replacement and a quasi-endowment of $282 million. The quasi-endowment is specifically intended to protect NCAA membership in the event that media revenue dollars are not received due to an interruption in the men's basketball championship. The quasi-endowment policy, as set by the Executive Committee, has a targeted goal of $380 million. Excess assets not allocated to a reserve account are distributed back to Division I schools as a supplemental distribution. In February, 2013, the NCAA’s supplemental distribution was $42 million. [/QUOTE]

Verification: What is a Syracuse fan's favorite color?