Friday, February 12, 2010

Is it true that most college sports programs are not profitable, or in other words are not self-sustaining?

I'm nearly $100,000 in debt from going to college, and I shudder to think some of that debt was for tuition that went toward a sports program instead of my education.Is it true that most college sports programs are not profitable, or in other words are not self-sustaining?
It depends on what you mean by profitable. While the bottom dollar may usually mean that the athletic programs do not make money, schools see athletics as more than worth the price when it comes to recruiting students and marketing the college name. My last college president (I'm an administrator) always said that for every football player, he brought at least one buddy and a girlfriend with him. That increase in enrollment is what makes athletic programs worthwhile to colleges.Is it true that most college sports programs are not profitable, or in other words are not self-sustaining?
all sports programs have a line item in the budget that varies from school to school based on the financial resources available to them, only the top schools that play on TV and go to major bowls are really profitable...when you pay tuition to a school you are paying for all the programs that school offers, most sports programs rely on the booster system and the donations from alumni along with sponsorship deals from the shoe companies, soda companies etc...

No comments:

Post a Comment