Sixty-eight FBS schools reported turning a profit on football, with a median value of $8.8 million. The 52 FBS schools that lost money on football reported median losses of $2.7 million.
The breakdown for basketball programs at those 120 schools was nearly identical, though the median values for profitable programs ($2.9 million) and money-losing ones ($873,000) were smaller.
The fiscal fortunes of major college athletic programs without football teams were even worse. None of the 97 schools in that category reported making money from athletics, with median losses of more than $2.8 million.
Fulks pointed out that many schools funnel profits from football and men's basketball -- which for the top schools can mean millions in Bowl Championship Series payments and NCAA tournament payments -- into lower-profile sports that can't rely on season ticket plans, TV packages and well-heeled donors.
More teams generally means larger subsidies from the school.
"Football and men's basketball are the only two sports you have any chance of making money," he said. "If you start splitting that up between 30 or 40 sports, you start losing money."
Dick Umile! And he doesn't even have a fucking championship!
Don't be talking smack about Dick Umile!
I went to UNH, and I love the guy. But sometimes, the "University of No Hardware" taunts get to you.
Between 50 and 60 percent of football and men’s basketball programs have reported net generated revenues (surpluses) for each of the nine years reported. This percentage has been relatively stable as has the dollar amount.
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