“Our investors are fine with that.”

The NCAA is welcoming its first for-profit school to D-1 and the Pac 12 natives are kinda restless about it.

CBSSports.com reported Wednesday that the Pac-12 had written the NCAA questioning the admittance of for-profit schools into Division I. Phoenix-based Grand Canyon would be the first such school to do so in Division I. The school joins the WAC in basketball, as well as other sports, in the fall. It becomes a full NCAA Division I member and can receive NCAA disbursements as well as go to the tournament in 2017-2018.

Grand Canyon, in case you’re wondering, has been turning a steady profit – the school’s after-tax profit from 2009-12 was $182 million.  Seems like the NCAA is fine with letting everybody make money these days, except you-know-who.

Great optics, people.

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8 Comments

Filed under The NCAA

8 responses to ““Our investors are fine with that.”

  1. Just Chuck (The Other One)

    What’s the minimum credential for D1 membership? Has the for profit issue ever come up before?

  2. Mayor of Dawgtown

    Has anyone ever bothered to audit Bama? FU? FSU? Southern Cal? tOSU? (gasp) Notre Dame? They are all about as non-profit as Grand Canyon.

    • Saint Johns Dawg

      True dat, but the official designation and paperwork nets you hefty tax breaks in most states … something the for-profit schools don’t have up front.

  3. Oh yes…they have all been audited, except ND they are non profit because of the Catholic thing. None of the others has a non profit status. State Universities have to be audited cause they are for profit schools.

    • What are you talking about? Did you not notice that Grand Canyon is the first school for profit admitted to D-1?

      • Bulldawg165

        Reading comprehension is a lost art in today’s world ;)

      • Mayor of Dawgtown

        My point (and apparently I didn’t make it very clearly–my fault) is that universities hide behind their “non-profit” status when really they make beaucoups of dinero. In the new world order in taxation somebody needs to take a hard look at this, at least as to private universities (there may be a constitutional problem for the Feds to tax state universities, units of state government), IMHO.

  4. Stoopnagle

    Your tax dollars at work.