twballgame9 {l Wrote}:Back to a more relevant point, do you honestly believe that athletics is a net loss? In 2008, ESPN made an educated guess that BC revenue and expenses each accounted for about $61 million, with the school running at a slight profit (which is all numbers magic anyway, since the goal is to make the whole thing a wash). That said, of that $61 million in expenses, $13 million was attributable to tuition, the one category that they did not have to guess. Texas had a $7 million hit.
The accounting myth that BC loses money by handing out scholarships is one of my favorite pieces of bullshit.
i'd say our revenue sports are much deeper in the shitter today than they were in 2008. i also think we're paying larger marketing firm fees now than we did then. whether that makes up the $13 million of fake tuition or not is a debate for the "spend money, sports" guys. my one guarantee is athletics brings in far fewer profits than the students paying the overvalue $60k/year generate for the school.
it would be interesting to know if the $13 million includes food that is given away or "rent" on dorm rooms. i agree with you on the scholarship aspect of the cost being bullshit but less so on the cash being expended (food, utilities, etc. on the dorms)