“I, for one ,as a Big Ten AD, am tired of being used as a minor league for professional sports,” Burke said. “What was right for the NCAA in the first 70 years of its history, maybe we ought to go back and say, ‘What’s changed?’”
Let me give you a little hint, dumbass.
The NCAA had total revenue of nearly $1 billion during its 2014 fiscal year, according to an audited financial statement the association released Wednesday.
The total resulted in a nearly $80.5 million surplus for the year – almost $20 million more than the surplus the NCAA had in 2013 and the fourth consecutive year in which the annual surplus has exceeded $60 million.
USA TODAY Sports has compiled the NCAA’s financial statements for each of the past 10 years, and the latest surplus is the largest the association has recorded during that time. Its greatest previous annual surplus was the $70.9 million it recorded in 2012.
The latest surplus increased the NCAA’s year-end net assets to nearly $708 million — more than double where they stood at the end of its 2008 fiscal year.
Mind you, that comes after a whopping $547.1 million distribution to Division I schools and conferences.
For that kind of money, Morgan, I’d let ’em use me all they want. It sure beats the way student-athletes get used.