QUOTE(X. Benedict @ Aug 3 2006, 11:30 AM)
Contrary to this sentiment, and it is a common one, I believe very few Division I athletic
departments make more money than they spend - I would be surprised if there are 10 in the entire country that do. No Div II or III programs make money.
While football alone may be a net gain for a university - that University usually comes from a major conference and has to support as many as 25 different sports teams (men and women -their scholarships and coaching staff).
Most college athletic programs are financial losers.
[right][snapback]734578[/snapback][/right]
You're right, not many do IIRC.
I believe my Longhorns rake in the most money. In 2004, the University of Texas is the had a revenue of $53.2 million & profits of $38.7 million.
Compare that with the Packers, who had profits of $18 million.
And thats not even last year, when we won the championship.
Most of the money, though, is spent supporting all the sports programs at the University. Athletics here at UT pays for itself, and does not receive any money from the rest of the Univeristy for anything.
Speaking of which, we're getting a nice brand-new scoreboard as part of DKR's renovations. I go by it everyday, and good god its frickin huge.
The dimensions of it are 134 feet x 55 feet, which I believe is the words largest HD screen.
Crazy, eh?