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But the athletic department is still projected to have operating deficits through at least 2020, according to a consultant’s report. And its reliance on subsidies is only growing. This year, the university is expected to subsidize more than two-thirds of the athletics budget.
Most college athletic departments lose money, the NCAA reported. In the top five conferences (ACC, Big Ten, Big 12, SEC and Pac-12), schools’ median revenue was $7 million below expenses.
In the past five years, 201 athletic departments earned $26 billion. But they spent $35 billion. As a result, just 21 broke even or recorded a budget surplus. The other 180 used $10 billion in student fees and other support to make up for the shortfall.
Iowa State has already scrapped plans for a new wrestling facility. Texas A&M laid off a dozen or so athletic staffers. A revenue-sharing model outlined in last week's $2.8 billion antitrust ...
The University of Texas athletics department again has shown its status as a national college sports business leviathan, recording $331.9 million in operating revenues and $325 million in ...
The department's struggles are part of a wider budget shortfall for the entire university. Arizona has 20 athletic teams and a budget that exceeds $100 million. Robbins has indicated that cutting ...
College sports yield indelible moments that unite campuses and provide a path to a quality higher education for thousands of students who might otherwise not be able to afford it. Many of the people we interviewed, including legendary coach Bill Curry, have devoted their careers to college athletics — but worry that too many schools are ...
Illustration of a Nebraska Cornhuskers football player published on a 1904 Yearbook. College athletics in the United States or college sports in the United States refers primarily to sports and athletic training and competition organized and funded by institutions of tertiary education (universities and colleges) in a two-tiered system.