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Originally Posted by valo403
As PIM already said, schools simply aren't making boatloads of cash.
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Im sure some dont, but most do.
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The more salient fact is in conferences that automatically qualify for the BCS, 61 of 66 programs made money on football. The average take was $8.8 million.
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The Longhorns' football program amassed a whopping $87.5 million in gross revenue during the 2008-09 school year and the football program cleared a $65 million profit, according to figures from the U.S. Department of Education's Equity in Athletics. The 2008-09 school year is the most recent data that is available.
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They make a lot of money at most schools, though i still am not convinced that players should get paid. I mean the scholarship athletes must be getting close to 20 grand or so each year alone in tuition, food, supllies etc. (complete guess on my part)...so that would have to be factored in as well.