No offense intended, just pointing out how to properly evaluate the exhaustive nature of most expense charts for college athletics.
And no offense taken. And, an MBA in accounting can lead to a lifelong career in hiding the pea under one of three thimbles so the auditor can't find the money trail. But sometimes the pea is of such a size that it won't fit under any of the thimbles.
From Business Update, October 2016:
"While it is no secret that there is a lot of money being made from college sports, that money is not even close to being evenly distributed. The 231 NCAA Division I schools with data available generated a total of $9.15 billion in revenue during the 2015 fiscal year. But while there are 24 schools that make more than $100 million, most make much less."
From USA Today, May 2013:
"Of the 231 schools, 76% make less than $50 million in athletics revenue. If we take it a step further, nearly half of the Division I schools (44%) make less than $20 million
Athletics departments getting subsidy money when they are self-sufficient "raises a major question about institutions, which are always trying to play catch-up in the athletic realm, relying on institutional and government subsidies and student fees to make ends meet at a time when we have very limited resources," says Anne D. Neal, president of the American Council of Trustees and Alumni. "And that raises questions as to whether institutions are paying attention to their primary purpose, which is education."
LSU, Nebraska, Ohio State, Oklahoma, Penn State, Purdue and Texas were the only schools to report no subsidy money in 2012. Michigan reported receiving less than $260,000: $16,000 in federal work study funding and the remainder from the university to cover the salary of academic services director Phil Hughes, according to athletics spokesman Dave Ablauf.
$71 MILLION SURPLUS: NCAA hits record number in 2012
All 23 of the self-sufficient schools are from conferences whose champions automatically qualify for the Bowl Championship Series, which makes sense because that's where the money is.
However, other programs in these conferences remained far from self sufficient in 2012. Rutgers, for instance, spent $28 million more than it generated — a deficit it covered with about $18.5 million from the school and $9.5 million in student fees. This constituted a slight improvement over 2011, when Rutgers spent $28.5 million more than it generated."
