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I don't think that e.g. the NFL making ridiculous money means that its athletes don't make too much. They ALL make too much.
Says who?
Yes, and not only that, but they possess a skill set that 99.9% of the population simply never have and never will. The "athletes make too much money" argument is tired.
True. But those skill sets are typically more widely possessed by other non-athletes and can be obtained more easily.
And they seem to be waiting until all the facts are out there before spewing things to local media outlets.
is that true at all schools or a Colorado thing?
Funding at CU has always been problematic since the state is so tight with higher ed funding. The academic side makes a little money through a blanket use of OOS scholarship dollars. This athletic subsidy is important to the University budget.
To increase revenues to the school.
They don't make anything off the football program directly since the AD doesn't give money back to the university. They just benefit from the success of the academic and fund raising side and those do well when the football and basketball team do well.
I see, thanks.
ok, but I assume the university self-funds some portion of athletic scholarships, especially for the non-revenue sports (correct that assumption if I'm wrong). seems like they're just moving numbers from one column of the balance sheet to another with net zero outcome.
I don't think that's correct. There are student fees that are directed towards the athletic department. Those fees are bundled with ticket sales revenue, TV revenues, donations, conference payouts, concessions, parking, etc to make up the revenue if the athletic department. One of the expenses for the department is scholarships. This includes scholarships for all student athletes, not just football. My understanding is that every student athlete is charged at the out-of-state level. So, there's something like 200 scholarship athletes in campus (just a rough guess on that number), and the athletic department pays out of state tuition and fees for each of them.
Okay. My philosophy is more power to them, this is the system and they're just getting what they can - anyone would. But from a practical point of view, I don't make enough money to foot the bill. Or rather, I choose to take vacations, buy nice things for the wife, and save the rest for retirement in lieu of buying NFL tickets and swag.
The football team self-funds the scholarships for non-revenue sports other than basketball which breaks even. They get the student fee ($28 a semester) but that is it.
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