Posted on 04/21/2022 12:05:33 PM PDT by Nifty
Myth!
“..The majority of universities in the nation’s top athletic conferences lost money through their sports programs to the tune of approximately $16 million each. ....”
“....But that still doesn’t mean all these institutions are making money from athletics. According to the NCAA, among the 65 autonomy schools in Division I, only 25 recorded a positive net generated revenue in 2019.....”
https://www.bestcolleges.com/news/analysis/2020/11/20/do-college-sports-make-money/
https://www.al.com/sports/2014/08/ncaa_study_finds_all_but_20_fb.html
I can post more examples!
The bottom-line question is:
“Is taxpayer financed entertainment more important than taxpayer financed education?”
Obviously you think entertainment is!
And at the high school level?????
Where this is headed! .... particularly since the taxpayer is a bottomless well!
The next shoe to fall will be the unionization of graduate students. They’ll demand “comparable wages”
rather than their current “way-below-minimum-wage” wages scale. (Remember we are not counting tuition waivers as income!)
Rocketing up higher education costs even further!
So, it is truly all about the Benjamins! And the attitude is: “ I want mine now! Screw everyone else!”.
I really do not see how this expands the appeal of college sports or sports in general. If anything, many people have stopped watching and more will stop in the future. That opens the door for something else for people share a common experience. If you can figure out what that is, you could be on the ground floor of the next big thing.
“But, but capitalism and free market enterprise! What the market will bear! Freedom to profit from one’s (or their child’s) abilities! Or do we call for regulation when our favorite team is out bid for talent, even if that team is Home Town High?”
I see, so if a parent pimps out their under age child, they are just exercising their freedom to profit from their child’s abilities?
That’s not what college is about.
Yes, let’s go full retard. Because there are whores, we should have more whores.
Brilliant!
Well, the two colleges I'm familiar with, Michigan and Michigan State, are both in the black according to your article, with Michigan netting $170 million and Michigan State netting $140 million.
Well, we can keep some intramurals. Kids need to get a little exercise and they obviously aren’t getting it at home.
I have another article that talks about the “funny accounting” done by the big-time schools on their athletic budgets. It makes a case that its actually impossible to tell for sure if they make or lose money. I don’t know yet what to think of the article. It seems like profit\loss etc. i.e., finances should be straight forward. You only do “funny things” financially if you want to obscure something. It also makes the case that there’s little to no accountability in spending in these programs. That I readily believe since I’ve seen it in the academic institution part of college\university administrations. Why should the athletic department be different?
Your synopsis is incorrect.
why should i be concerned about how much exercise someone else’s kid is getting at home?...
schools are for education...
not exercise...
Great comment, exactly correct, most colleges demonstrably lose money on sports, even on football, and often more on football than the other much cheaper sports, and that is seen in spite of the typical dishonest accounting involved.
Colleges may need to operate their own version of some types of sports for the sake of students who need to be active and competitive, but they need to be frugal and do not need to run farm teams for professional sports.
Agree!
However, they’re running farm teams for professional sports now! What I want is big time pro sports to pay for it! And I will prefer they run it too! (There’s enough fraud & corruption at colleges\universities now!) Preferably set up a farm\minor league system to feed pro sports. The colleges\universities can license the name for a revenue stream.
It may be grown men that look upon these young athletes with bedroom eyes.
Unfortunately yes, though I find that inherently wrong with the way I was raised. Of course my athletic ability as a child was zero and none.
WTactualF has happened to the country we grew up in?
</rhetorical question>
So how much will he get for his Sr. class yearbook photo?
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