BleedGopher
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per ABC News:
The nation's richest athletic departments -- those in the Power Five conferences -- pulled in a record $6 billion last year, nearly $4 billion more than all other schools combined, according to an Outside the Lines analysis of NCAA data. The gulf between college sports' haves and have-nots has never been greater.
Powered by multimillion-dollar media rights contracts and rising ticket-sales revenue, the richest schools have spent aggressively: on private jets, on campus perks like barber shops and bowling alleys, on biometric gadgets for athletes, and on five-star hotel stays during travel. They've also hired a plethora of athletic department support staffers who earn six-figure salaries and sometimes have obscure job titles such as "horticulturalist" and "museum curator."
To keep up, smaller conference schools -- dubbed the Group of Five -- are spending, too, but from different sources: Those schools have increasingly shifted hundreds of millions of dollars from students, taxpayers and other university programs into their athletic programs to do so, the analysis shows.
The Outside the Lines analysis examined eight years of revenue and expense data from all Division I/Football Bowl Subdivision schools. On average, Power Five and Group of Five schools each saw about 50 percent increases in net revenue during the eight-year period. But half of the revenue for public school athletic departments in the Group of Five came from student fees, university subsidies and state or local governments, even in the face shrinking state budgets. For Power Five schools -- those in the SEC, Big 10, ACC, Big 12 and Pac-12 -- subsidized sources made up just 5 percent of their budgets.
http://abcnews.go.com/Sports/rich-richer-college-sports-poorer-schools-struggle/story?id=41857422
Go Gophers!!
The nation's richest athletic departments -- those in the Power Five conferences -- pulled in a record $6 billion last year, nearly $4 billion more than all other schools combined, according to an Outside the Lines analysis of NCAA data. The gulf between college sports' haves and have-nots has never been greater.
Powered by multimillion-dollar media rights contracts and rising ticket-sales revenue, the richest schools have spent aggressively: on private jets, on campus perks like barber shops and bowling alleys, on biometric gadgets for athletes, and on five-star hotel stays during travel. They've also hired a plethora of athletic department support staffers who earn six-figure salaries and sometimes have obscure job titles such as "horticulturalist" and "museum curator."
To keep up, smaller conference schools -- dubbed the Group of Five -- are spending, too, but from different sources: Those schools have increasingly shifted hundreds of millions of dollars from students, taxpayers and other university programs into their athletic programs to do so, the analysis shows.
The Outside the Lines analysis examined eight years of revenue and expense data from all Division I/Football Bowl Subdivision schools. On average, Power Five and Group of Five schools each saw about 50 percent increases in net revenue during the eight-year period. But half of the revenue for public school athletic departments in the Group of Five came from student fees, university subsidies and state or local governments, even in the face shrinking state budgets. For Power Five schools -- those in the SEC, Big 10, ACC, Big 12 and Pac-12 -- subsidized sources made up just 5 percent of their budgets.
http://abcnews.go.com/Sports/rich-richer-college-sports-poorer-schools-struggle/story?id=41857422
Go Gophers!!
