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Reply to "Good opportunity for colleges to dump non-revenue producing sports"
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[quote=Anonymous][quote=Anonymous]The NCAA mandates that schools with revenue producing sports teams like football have in some cases 16 other sports teams. Colleges are trying to get waivers to be able to cut some of these teams. Here is an article with a chart that explains sports like football, men and women's basketball teams, men's hockey make money. Two other sports like baseball and track and field at least earn a million dollars on average, although track and field probably has a huge roster. Sports like tennis, golf, cross country, and men and women's soccer need to be subsidized because they don't make enough money https://www.businessinsider.com/college-sports-revenue-2016-10 And who has to subsidize these sports that don't make money and barely anyone goes and watches- students! At JMU students are paying 2,000 dollars every year to subsidize sports teams. That is $8,000 over 4 years. https://www.nbcnews.com/news/education/hidden-figures-college-students-may-be-paying-thousands-athletic-fees-n1145171 Colleges should not be forced to have a certain number of sports teams. [/quote] The “cost” our vastly over inflated. [quote] Colleges dramatically overstate what they actually spend on scholarships. If you pull up a school’s report on the USA Today or Department of Education databases, “scholarships” are generally listed as either the second- or third-largest expense, behind salaries and facilities. Tuition is expensive, and if you add up the sticker price for tuition, room, board, books, and more, you could be looking at more than $50,000 an athlete. So it’s easy to see how a school could list scholarship spending at over $10 million a season (in FBS, the median is around $6 million, per the NCAA). That’s what it says on paper, but the school isn’t actually cutting checks like that. As economist Andy Schwarz has explained several times, here for Vice, the athletic department is “paying” the school, using something called transfer-price accounting. But that isn’t an accurate depiction of real costs. This is true whether the department is called ‘communications’ or ‘athletics.’ If central school accounting says each full scholarship costs $50,000, then to the department head or Athletics Director (AD), it likely feels like a real cost. But to the school as a whole, unless forgoing that scholarship really increases total cash by $50,000, that’s not what it actually costs. Currently, when athletic departments give a scholarship, they commonly get charged the full retail price (sometimes of an out-of-state student) regardless of the actual cost to the school of providing one more space at the school. The food and books provided probably costs half of what they charge. The real cost of tuition and dorm space is probably de minimis, unless by giving that space to an athlete, a paying customer is forced out. Except for very selective schools with tight space constraints, most of the expenses listed as part of an athletic scholarship are overstated and sometimes purely fictional transfer prices.[/quote] https://www.bannersociety.com/2019/8/12/20704195/college-football-athletic-budgets[/quote]
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