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re: Article from Ohio State blog; truth or butthurt?
Posted on 5/7/13 at 6:21 pm to Springfield XD
Posted on 5/7/13 at 6:21 pm to Springfield XD
From an economic perspective, that snippet you provided looks like the author has completely and totally missed making any real point.
How things are allocated from an accountant's point of view does not determine the underlying economic reality of things.
In reality, it's absurd to say that ANY college football program is self-funded, and it's also true that a CFB program need not be in the black in order for it to be a wise PR investment for the university. Finally, how tuition charges are officially tabulated is totally ad hoc and pointless. What matters is only the reality of how much students actually have to pay to the school overall in order to obtain an education.
How things are allocated from an accountant's point of view does not determine the underlying economic reality of things.
In reality, it's absurd to say that ANY college football program is self-funded, and it's also true that a CFB program need not be in the black in order for it to be a wise PR investment for the university. Finally, how tuition charges are officially tabulated is totally ad hoc and pointless. What matters is only the reality of how much students actually have to pay to the school overall in order to obtain an education.
2
Posted on 5/7/13 at 6:29 pm to Doc Fenton
quote:
From an economic perspective, that snippet you provided looks like the author has completely and totally missed making any real point.
Absolutely. He's trying to make a point on data that really means nothing. This encompasses ALL athletics, not just football. Alabama's "millions" we get are relatively very low. For example, here are some other numbers....
UAB- $18,750,000
USA- $15,532,273
Posted on 5/7/13 at 6:40 pm to Doc Fenton
quote:
From an economic perspective, that snippet you provided looks like the author has completely and totally missed making any real point.
How things are allocated from an accountant's point of view does not determine the underlying economic reality of things.
+1
Not to be condescending in the least bit, but until you truly understand how the money flows through these public institutions, you may not even be getting 1/4 of the story.
College football is big business in many states. Big business always means state legislative influence. Legislative influence always means budgetary shenanigans that lead to figures an author like this can (and will) spin in any light they wish.
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