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Wednesday, January 03, 2007

With all of this help from us, students, the government, and all...

...almost every university sports program loses money. Bigtime. Even when they report how much they lose, economists tend to believe they're not really disclosing how shitty things are. Many economists "think deficits [are] probably greater" than what universities report. Economists are "skeptical that athletic departments fully accounted for the use of services funded by the general university, including administrative time and services."



[S]ports spending is growing two to three times faster than university spending as a whole. According to USA Today, athletic expenses in Division I-A increased about 8 percent per year from 2002-03 to 2004-05.

Former Michigan President James Duderstadt, a member of the U.S. Secretary of Education's Commission on the Future of Higher Education, said it's "well-accepted" that, at a large state university, the cost to the school per student is from $10,000 to $25,000. Yet some big schools such as Florida and Louisiana State, which will compete in this weekend's Final Four, average more than $100,000 in athletic expenses per athlete.

"It's an interesting way to look at university priorities, isn't it?" Duderstadt said.
Posted at: 1/03/2007 07:35:00 PM