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Originally Posted by Saul Good
I don't think that can be true. There are 74 basketball or football programs that had a net profit of 5 million dollars or more in the 2010-11 season out of 139 total major conference teams. Only four lost money, and two of them were USC and Oregon basketball whose football programs netted a combined 20 million.
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That figure probably includes student fees, if not the direct subsidies from the state. They shouldn't be included, thats just a tax on students. Profitable athletic departments with more money than they can spend don't usually assess student fees.
http://proxy.espn.go.com/espn/otl/bl...t-2010-11-file
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Of those 99 schools, 79 either broke even or showed a surplus for the 2010-11 fiscal year, the most recent for which numbers are available. If that sounds different than what you hear from the NCAA, well, it is. The NCAA determines profitability after it subtracts athletic department revenue that comes from student fees, state funds and money from the university. By that measure, only 19 public schools were in the black.
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