Q. Why do schools like Georgia State start up football programs?
Men’s basketball works to a lesser extent, too.
Here are the median revenues for collegiate sports in schools that have major football programs.
NCAA MEN’S SPORT 2008 NET REVENUE PER SCHOOL Football +$1,950,00 Basketball +$518,000 Baseball -$709,000 Track & Field, Cross Country -$657,000 Lacrosse -$640,000 Ice Hockey -$605,000 Soccer -$583,000 Swimming -$545,000 Wrestling -$518,000 Gymnastics -$418,000
In a list examining the athletic departments of 119 Division I schools, 15 of the 17 men’s sports the NCAA examined lost money. Baseball and track and field were the most costly, and even fencing had a median loss of $114,000. Only basketball and football were profitable, but they don’t bring in enough cash to offset the money-draining volleyball and wrestling teams of the world.
But if you take the median profits of every sport the NCAA documented, the typical athletic program lost almost $4 million. (And that doesn’t include women’s sports—all 19 the NCAA examined lost money, including basketball.)
And you wonder why so many want the D-1 football postseason pie sliced up more.