How can that be? Athletic directors keep telling us how important it is to keep pumping resources into that money-maker Mama Boucher calls foosball. They wouldn't be doing that if it meant wasting millions of dollars, would they?
Turns out there are only twenty-two (22) institutions that generate enough revenue to offset expenses. That's right, twenty-two. Think of all the D-I men's swim programs that have gone extinct because of "budget" issues.
The median net surplus at those 22 institutions was about $7.4 million (ranging from $211,000 to $41.9 million), compared with the median net deficit for the remaining Football Bowl Subdivision schools of about $11.3 million. That gap – almost $19 million – is significantly higher than the $15.6 million separation in 2009.
Read more here.
We've been told that sports like wrestling and men's swimming are being cut due to budget problems. Of course, football generates income and is therefore immune to cuts, right?
Could there be another reason "non-revenue" sports are being cut?
Hint: Look between Titles VIII and X...