Tuesday, July 6, 2010

So You Can Lose Money Playing D1 Football...

((HT: Hartford Courant/Boyer))

Zac Boyer's piece in the Courant actually shows, through government figures that a few schools actually lost money playing in the money pit that is Division 1 football, at least according to a U.S. Department of Education's Equity in Athletics report...

UConn lost almost $280,000 during the 2008-09 academic year. Three BCS football programs lost more money than UConn — Syracuse, which lost $835,000, Wake Forest ($3.07 million) and Duke ($6.72 million).

The HQ thinks Duke and Wake may not necessarily care... basketball balances them out- as will the new television deal with the four-letter.

Here's the flip side, from Boyer:

The report showed Texas made the most money off its football program, pulling in a profit of just over $65 million while spending $22.5 million. Ohio State spent the most on its football program, over $32.3 million, and was second with a profit of nearly $35.9 million.

Only 17 of 51 non-BCS schools made a profit, with Utah, headed to the Pac-10, pulling in a profit of over $6.5 million.

And schools want to actually start these kinds of programs...???


Let's show you some of the output from UConn...
((HT: NBC/Notre Dame/JB5GoIrish))

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