So, at the end of the day the most profitable athletic program in America clears around 25 Million. But the NCAA and it's member institutions were "getting rich" off the players. LOL. Let it burn!
You can see why UCLA needed to leave PAC. Losing too much money each year. MD and Rutgers not getting full Big 10 share yet it appears.
For MD and Rutgers, I think its been 6 years so they're earning a full share these days but both schools took loans from the Big Ten for those early years that are still being paid off from future payouts. For example Rutgers says they won't get a "full" non-debt share until 2027. For UCLA, they built up massive debt during Covid. They had two full basketball seasons of zero attendance (even through the 2021-2022 season the city still had strict limits on indoor events that precluded it). That $30 million deficit makes me wonder if this is for the 2021-2022 academic year instead of the 2022-2023 academic year. Otherwise why are UCLA's revenues than Cal and the Arizona's? Really surprised that UVA is the top revenue school in the ACC.
Any chance the top rankings get shifted a little when the SEC gets its new TV deal? It will be an SEC heavy top ten list. Particularly with Tx and Okie. Also, I guessing they didn't list private schools. Lot of ACC teams missing as is Meeahmi.
Yep. And still a pittance for a non-profit with a budget in the hundreds of millions. Plus, the clowns aren't getting that, they're just fleecing dumb boosters.
So football as a business is actually profiting a lot more. They’re just choosing to spend it on supporting her entire athletic program which skews the actual profit.
Yeah, that's always been the tradeoff and that's how non-profits work. But again, it's the non profit who's greedy and the for profit (more than any league in the world) gets a free pass. Yeah, come to think of it, that makes perfect sense.
UCLA plays their home football games miles away in the Rose Bowl. Beautiful stadium, but nowhere near campus. UCLA also has a lease agreement, and doesn't get all the revenue generated. UCLA does well for basketball and Pauley now holds 13,800 after the recent renovation. But LA is a pro sports town, and the Lakers take top billing. As do the Dodgers. Hard to get community support. U of Arizona is in the center of Tucson, and the only game in town for the most part. ASu is located in a major metro area, but still a lot of old guard who were around when the only other pro team was the v Suns, before the Cards came in 1987. And since 2006, the Cards play in Glendale, 30 minutes north and west of Tempe.
How about running a business where you have an industry-wide (all your competitors) cap on labor costs and annual shared payments in excess of 30% more than that number, and a free money printer (stadium) bought by local taxpayers where you keep all the revenue. Best part, you foist the cost of player development to those "marks" the NCAA and just get your talent for free . . or a draft pick if you prefer. Now, THAT, is a racket. And yet they are completely absent from this conversation. Yep, the greedy NCAA is the problem.
S.E. Missouri State netted a total profit of $1.00 after expenses. Looks like their proposed new stadium will have to be paused.
You don't say. . . . Probably what makes them the perfect "mark" for the NFL and the rest of the greedy crumbs. Divide and conquer. Oh, and how many of those 107 programs are actually profitable?
