Professors on food stamps: The shocking true story of academia in 2014

[progressoid]

32. Actually, it's a myth that college sports bring the big bucks.

It's bringing big bucks for ESPN, Nike, etc. but for most schools it's a drain on univeristy resources.


http://www.usatoday.com/story/sports/college/2013/05/07/ncaa-finances-subsidies/2142443/

http://www.acenet.edu/news-room/Pages/Myth-College-Sports-Are-a-Cash-Cow2.aspx

http://www.usatoday.com/story/news/nation/2013/09/15/athletics-cost-colleges-students-millions/2814455/?showmenu=true

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NATION
Athletics cost colleges, students millions

Cliff Peale, The Cincinnati Enquirer

CINCINNATI -- College sports create undeniable campus pride and identity, but spending has increased so fast it's taking money from academics and student services.
...

The Knight Commission says Division I schools with football spent $91,936 per athlete in 2010, seven times the spending per student of $13,628. Division I universities without football spent $39,201 per athlete, more than triple the average student spending.

Nearly every university loses money on sports. Even after private donations and ticket sales, they fill the gap by tapping students paying tuition or state taxpayers.
Athletics is among the biggest examples of the eruption in spending by universities that has experts concerned about whether higher education can sustain itself.