quote:
Originally posted by Matt13:
Not opinion, but fact. There is no school that does not have a substantial amount of support from the general fund. There are only two schools (tOSU is one, I can't remember the other) whose athletic departments made money last year, and both would have been in the red without general-fund contributions.
Here's some facts, rather than opinions. At least 132 college football and basketball programs made a profit or broke even in 2009-2010. Texas leads the way with a nearly $69M profit...some of which is 'donated' back to the general scholarship fund...even in the face of the football coach's $5M+ salary. FAR more than the "two schools" quoted above. (BTW, tOSU football made nearly a $32M profit
and is merely #14 on that list ).
NCAA largest profitsAdditionally, at least 22 college athletic departments as a whole made a profit in 2010 according to other reports...up from 14 in 2009. Still far more than "two schools."
Lastly, from direct firsthand experience, every single Stanford athletic scholarship is endowed and not funded by the university at all...nor even funded by gate receipts from football/basketball/etc... All of that goes to athletic department operating expenses. I would bet there are other schools in this position, but don't have time to research it. Your statement above that there are only "two schools" who turn a profit doesn't motivate me any further to waste my time with additional research when 132 and 22 were so easy to find.
None of this accounts for the added 'alumni pride' type donations to general funds, scholarship funds and capital investment funds that I am told firsthand by one BCS school's general scholarship fundraising representative...directly in my office, to my face...are, 'No question, very, VERY substantial.' Why do you think this fellow who was trying to solicit a 5-6 figure donation or alternatively a bequest, for the general scholarship fund spent 75% of the conversation with me talking about the school's football and basketball teams and offering box seats to a game 'next time I'm in town' (didn't take them)? Do you think there's a connection?
Even outstanding academic schools, Ivy and smaller but also academically elite, find it worth 'investing' in athletics because of the added collateral benefits from alums, student life, corporate donations, capital donations, sponsorships, grants, etc... No doubt it costs them $$ to enhance the overall student life experience just as they invest in green grass, trees, nice buildings and programs for the arts.
Given that nearly all colleges are thriving with faculty salaries higher than ever...they must find some value in it all. (And just in case you question my credentials to say that, I am the son of two university faculty members who would have agreed with my opinion on this).
I think those schools that wanna play with the big boys can afford an extra $2,000 per football & basketball player. Whether they dip into the general fund or not in the face of these profits...is really an issue for the schools' president and board of trustees.
Write a letter to your school's board/president rather than insult posters on this board, Matt.