OT College Athletics Depts paying themselves to lose money

[KellySyracuse]

Interesting read about the money being wasted at state schools at the student & taxpayer expense:

"A commonly recited untruth by athletic directors is that the money they “invest” in revenue-producing football and basketball creates opportunities in other sports, especially for women. In fact, at Football Bowl Subdivision schools, just 28 percent of all money spent on athletics goes to women’s sports, and schools with the biggest athletic budgets often offer less than much smaller schools. Texas, for instance, has an athletic budget of $118 million, but it has fewer varsity athletes than even Princeton. What it does have is mahogany-paneled football offices. While Princeton fields 36 varsity sports, Oregon offers just 18 — but it has a football locker room with 60-inch plasma TVs, Xboxes and a state-of-the-art “no-squint” lighting system."

https://www.washingtonpost.com/spor...d6d130-937d-11e5-b5e4-279b4501e8a6_story.html

 

[upperdeck]

many of the ivy schools sports are endowed or self funded which allows for running more sports at a far lower budget. it also helps if you dont have to fund 85 football scholies.

 

[MaxwellCuse]

many of the ivy schools sports are endowed or self funded which allows for running more sports at a far lower budget. it also helps if you dont have to fund 85 football scholies.

85 football scholarships costs about 2.1 million per year at a public university. Not exactly chump change but when ESPN is forking over 25 million per year it's eminently doable. And it leaves a few bucks on the table for mahogany-paneled players lounges or women's sports or whatever.

 

[Ringostar57]

The true cost per student minus what they are charged as tuition at a public university is paid for by the taxpayers of that state. tuition at a state school X, 9000; true cost 40000. 31000 from tax subsidies. There are no free lunches in this world.

 

[upperdeck]

85 football scholarships costs about 2.1 million per year at a public university. Not exactly chump change but when ESPN is forking over 25 million per year it's eminently doable. And it leaves a few bucks on the table for mahogany-paneled players lounges or women's sports or whatever.

add in coaches and everything else though and its a big chunk of money