(11-02-2018, 11:19 AM)BostonCard Wrote: Still, the OP called it one of the biggest revenue streams. That's probably accurate.
In no manner was the point of my post to indicate the OP was inaccurate, but rather to provide some context as to just what is the revenue stream to universities from big time sports.
To further a point, the net impact of intercollegiate finances to the universities roughly breaks down to:
- A handful of programs actually contribute some money back to the broader university.
- The dozen or so most successful football teams make enough to fund intercollegiate athletics overall.
- A majority of the Power 5 football teams probably at least fund themselves but cannot cover the whole AD - though accounting complexity makes the fund themselves part almost impossible to determine.
- Most of the athletic programs that require giant subsidies from the rest of the university are those in the group of 5 conferences that spend in a manner to indicate they would like to get into a Power 5 conference.
Further details on that last one ...
Among those with giant subsidies is Rutgers ($33 million - they used to be THE largest before joining the Big 10).
Officially the second biggest subsidy at a Power 5 school is ASU at about $19 million.
cal seems to be claiming zero subsidy, but it looks fishy as they report both a $16 million deficit and about $4 million in school funds + student fees.