A Bloomberg study found that 46 of the 53 schools examined subsidize their sports programs, supporting a statement by the NCAA that most athletic departments operate in the red.
According to a story in USA Today, six Virginia schools charged each of their students more than $1,000 as an athletics fee for the 2008-2009 school year, constituting between 10 percent and 23 percent of the total tuition and mandatory-fee charges for in-state students.
Using the University of Florida as an example, while the school gained $44 million and $2 million from its profitable football and basketball teams, respectively, it lost $2.8 million on women's basketball, $5.3 million on other men's sports, $10 million on other women's sports, $17.4 million on coaches' salaries, $7.5 million in aid to student athletes and $1.4 million in recruiting.
Given that most athletic departments are net losses for funds, it is time that state lawmakers ask themselves a more fundamental question: how does athletic entertainment further the purpose of universities? While some claim that university athletics programs help to produce better-rounded students, this is only true for those few students who actively participate -- it is difficult to accept the argument that merely watching the game molds character.
This underlines the crux of the issue: universities and the lawmakers who fund them need to revisit the purpose of higher education, and rededicate themselves to attaining it. In a time of budget cuts and belt-fastening, wasteful and unproductive spending should not be allowed to continue.
http://goo.gl/YLYCQ
Source: A. Barton Hinkle, "Stop Funding College Sports," Reason Magazine, October 14, 2011.
Stop Funding College Sports
Stop Funding College Sports
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