Started By
Message

re: Death of College Athletics

Posted on 12/8/18 at 7:21 am to
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.
Posted by RD Dawg
Atlanta
Member since Sep 2012
27312 posts
Posted on 12/8/18 at 8:53 am to
quote:

indicates no more than 20 schools make a net profit from football. In fact the number might actually be ten.


BS if there's a school not making a profit in the SEC
or Big 10 (sans Rutgers)it's their own fault and I think the majority of ACC and Big 12 schools are profitable .Both the SEC and BIG are awash in TV and bowl money every year...at least $40 to $50 million per school and that money has almost tripled over the last 25 years.The CFB playoff and bowl deal with ESPN is worth $500 million per year alone. Revenue isn't an issue but many schools spend money like drunken sailors
with a bloated athletic depts,facility upgrades and coaching staffs/buyouts (yes I know SOME are picked up by boosters)


quote:

Then... I dunno what happens then.


Easy,the future is gonna be streaming...the NFL and MLB
are already doing it and Facebook and Netflix are worth
more than all big 3 networks combined plus ESPN.
This post was edited on 12/8/18 at 11:27 am
Posted by Lordofwrath88
Tuscaloosa
Member since Oct 2012
6857 posts
Posted on 12/8/18 at 7:15 pm to
quote:

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



Again. TECHINCALLY you're correct if you cover all divisions and NAIA etc, most schools do lose money ultimately.

But as far as the FBS goes, (that's G5 and P5) virtually none of them are even close to hemorrhaging money or even any sort of "problem" They're all spending exactly what they mean to spend and coincidentally all come up to just a little bit over their income.

The FCS and down is where you only really start to run into programs that who are throwing cash out a window for no reason other than "sportsball is the cooliest"
This post was edited on 12/8/18 at 7:17 pm
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow SECRant for SEC Football News
Follow us on Twitter and Facebook to get the latest updates on SEC Football and Recruiting.

FacebookTwitter