<p>You are mis-stating the results. 86% of the “athletic programs” lost money…not the football programs.</p>
<p>If you read the report, it says: Between fifty and sixty percent of football and men’s basketball programs have reported net generated revenues (surpluses) for each of
the three years reported.</p>
<p>The median FBS football program generated approximately $2.1 million in PROFIT
The median FBS men’s basketball program generated approximately $1.3 million in PROFIT
The median FBS women’s basketball program LOST approximately $1.3 million</p>
<p>In fact, ALL Division 1 programs WITHOUT football had negative revenues in 2004, 2005 or 2006. The average negative net generated revenue (expenses in excess of generated revenues) in 2006 was $6,607,000. The net losses have increased steadily over the three year period, from $5,461,000 in 2004.</p>
<p>To summarize again: Big-time football programs MAKE a lot of money for schools</p>
<p>This article was just more proof of this.</p>