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re: Death of College Athletics

Posted on 12/7/18 at 8:38 pm to
Posted by Lordofwrath88
Tuscaloosa
Member since Oct 2012
6857 posts
Posted on 12/7/18 at 8:38 pm to
quote:

Only about 50 of them are profitable. .


Actually this is a bit misleading and a LONG STANDING college athletics myth.

In fact, a majority of college athletic programs support themselves quite well but only the top percent turn in their numbers in the black. Most schools simply spend right up to budget and then a little over, so their books show they don't need to have any cuts. There are programs in dire straights, but they're mostly less than the bottom half, and most notably, most of the HBCUs... which is a bit sad.
This post was edited on 12/7/18 at 8:39 pm
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
55210 posts
Posted on 12/8/18 at 6:04 am to
quote:

Most schools simply spend right up to budget and then a little over, so their books show they don't need to have any cuts.


While true it is a terrible way to do business as a sharp drop in donor dollars can be all the more damaging. Better to sock about 10% aside every year to protect for the rainy day.
Posted by Sunbeam
Member since Dec 2016
2612 posts
Posted on 12/8/18 at 7:21 am to
quote:

Actually this is a bit misleading and a LONG STANDING college athletics myth.

In fact, a majority of college athletic programs support themselves quite well but only the top percent turn in their numbers in the black. Most schools simply spend right up to budget and then a little over, so their books show they don't need to have any cuts. There are programs in dire straights, but they're mostly less than the bottom half, and most notably, most of the HBCUs... which is a bit sad.


Not going to get into this again. But there is a debate about this.

I've gone long-winded before and put up linkies and the like.

Long story, short, the version I've seen and researched (if typing into a search engine and reading articles counts) indicates no more than 20 schools make a net profit from football. In fact the number might actually be ten.

Now you have written:

quote:

Most schools simply spend right up to budget and then a little over, so their books show they don't need to have any cuts.


That's interesting, and I don't know how it fits into the big picture.

I'll go further than football. Most schools lose money with athletics as a whole.

Which brings to mind why they are doing this. Other than the fact that State U. has always had a football team, always had a basketball team?

The usual people will put up the usual arguments, saying these P5 schools are awash in money. I don't believe that myself.

And one day in the next few years ESPN, which in the end has been the driving force in pumping money into athletics in this country at all levels, is no longer going to be profitable when the ongoing loss of subscribers reaches a certain point.

Then... I dunno what happens then.
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