College Sports, Inc.
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By Gilbert M. Gaul
Washington Post Staff Writer
When Florida and Oklahoma meet in the Bowl Championship Series title game tonight, they not only will be battling for a national title but also for bragging rights as two of the biggest and richest football programs in the land.
If nothing else, the highly anticipated match-up confirms the old adage about the rich getting richer, as the schools collect millions in appearance fees to add to their already bulging coffers, a Washington Post analysis of federal educational reports and tax data show.
In 2007, the Florida Gator football program reported revenue of nearly $59 million, but expenses of just $38 million - a profit margin of 65 percent. That was more than twice the average of Fortune 500 oil and mining companies, and more than three times pharmaceutical companies, data show. At 49 percent, Oklahoma's profit margin was more than three times that of the financial services sector.
Football is the cash cow of College Sports, Inc., fueling ever-larger athletic programs and spending on athletes and coaches. Between 1999-2007 Florida's athletic program doubled in size, to $108 million, records show. It is one of only 3 schools to top $100 million. Oklahoma spent less but at $69 million still operates of the biggest athletic programs in nation.
More and more of that money is going to coaches. Both Florida's Urban Meyer and Oklahoma's Bob Stoops are paid more than $3 million, records and published reports show. Now, they can make hundreds of thousands of dollars more in bonuses for taking their teams to the final game.
Here are a few of the highlights:
» At almost $110 million, Ohio State runs the biggest athletic program in the land.
» On average, it costs Tennessee $185,858-per-athlete to run its athletic program.
» The biggest 50 athletic departments spent nearly $3.3 billion in 2007.
» Texas and Notre Dame collect more money from football than other top schools.
Get the full data after the jump: Top 10 Athletic Programs, Top 10 Football Programs, Top 50 Schools
Top 10 Athletic ProgramsWhile other industries are shrinking, college sports are growing dramatically, at a rate 4 times inflation between 1999-2007. This trend is especially true for the largest, best-known programs, which spent nearly $1 billion in 2007. |
|||||
Rank |
School |
2007 Athletic Spending |
% Growth from 1999 |
Cost Per Athlete |
Scholarships |
1 |
Ohio State |
$109,382,222 | 50% | $118,307 | 11% |
2 |
Florida |
$107,781,004 | 101% | $141,928 | 6% |
3 |
Texas |
$105,048,632 | 87% | $143,822 | 8% |
4 |
Tennessee |
$95,401,868 | 85% | $185,858 | 9% |
5 |
Michigan |
$89,079,982 | 105% | $89,505 | 18% |
6 |
Notre Dame |
$83,586,903 | 120% | $65,757 | 24% |
7 |
Wisconsin |
$82,579,472 | 94% | $82,894 | 10% |
8 |
Alabama |
$81,946,464 | 153% | $120,106 | 7% |
9 |
Auburn |
$81,696,758 | 186% | $124,158 | 9% |
10 |
Iowa |
$80,203,645 | 144% | $98,341 | 9% |
| TOTAL: | $916,706,950 | Avg. 113% | $120,041 | Avg. 11% | |
SOURCE: Washington Post analysis of equity in atheletics disclosure forms |
|||||
Top 10 Football ProgramsFootball is the cash cow of college sports, with a big chunk of that money coming from television broadcast fees. In 2007 alone, the top 10 programs reported more than a half-billion dollars in revenue and a profit of 62 percent — about eight times the average for fortune 500 companies. |
|||||
Rank |
School |
2007 Football Revenue |
2007 Football Profit |
2007 Margin |
|
1 |
Texas |
$63,798,068 | $46,233,062 | 72% | |
2 |
Notre Dame |
$63,675,034 | $43,832,746 | 69% | |
3 |
Georgia |
$59,516,939 | $43,144,648 | 72% | |
4 |
Ohio State |
$59,142,071 | $26,603,752 | 46% | |
5 |
Florida |
$58,904,976 | $38,213,571 | 64% | |
6 |
Auburn |
$56,830,516 | $33,879,757 | 60% | |
7 |
Alabama |
$53,182,806 | $31,842,213 | 60% | |
8 |
LSU |
$48,141,751 | $31,733,589 | 67% | |
9 |
Penn State |
$44,014,052 | $29,404,224 | 66% | |
10 |
Arkansas |
$42,056,467 | $19,251,353 | 45% | |
| TOTALS: | $549,262,680 | $344,138,915 | 62% | ||
SOURCE: Washington Post analysis of equity in atheletics disclosure forms |
|||||
Top 50 Schools, By Athletic RevenuesWhat does it take to compete at the upper eschelon of college sports? Millions and millions of dollars. In 2007, the top 50 Division I schools reported revenue of more than $3.2 billion. |
|||||
Rank |
School |
Athletic Revenue |
|||
1 |
OHIO STATE |
$109,382,222 | |||
2 |
FLORIDA |
$107,781,004 | |||
3 |
TEXAS |
$105,048,632 | |||
4 |
TENNESSEE |
$95,401,868 | |||
5 |
MICHIGAN |
$89,079,982 | |||
6 |
NOTRE DAME |
$83,586,903 | |||
7 |
WISCONSIN |
$82,579,472 | |||
8 |
ALABAMA |
$81,946,464 | |||
9 |
AUBURN |
$81,696,758 | |||
10 |
IOWA |
$80,203,645 | |||
11 |
LSU |
$76,499,511 | |||
12 |
USC |
$76,383,688 | |||
13 |
PENN STATE |
$76,327,504 | |||
14 |
GEORGIA |
$75,937,460 | |||
15 |
MICHIGAN STATE |
$73,171,907 | |||
16 |
NEBRASKA |
$71,121,812 | |||
17 |
OKLAHOMA |
$69,430,569 | |||
18 |
TEXAS A&M |
$69,413,648 | |||
19 |
VIRGINIA TECH |
$65,487,381 | |||
20 |
STANFORD |
$65,480,187 | |||
21 |
KANSAS |
$65,194,721 | |||
22 |
VIRGINIA |
$64,852,417 | |||
23 |
MINNESOTA |
$64,828,596 | |||
24 |
ARKANSAS |
$63,337,303 | |||
25 |
UCLA |
$61,309,668 | |||
26 |
KENTUCKY |
$60,556,515 | |||
27 |
SOUTH CAROLINA |
$60,544,530 | |||
28 |
CALIFORNIA |
$60,538,725 | |||
29 |
WASHINGTON |
$59,648,451 | |||
30 |
NORTH CAROLINA |
$58,188,501 | |||
31 |
BOSTON COLLEGE |
$57,392,077 | |||
32 |
ILLINOIS |
$56,804,174 | |||
33 |
PURDUE |
$56,293,562 | |||
34 |
CLEMSON |
$55,741,548 | |||
35 |
LOUISVILLE |
$54,589,997 | |||
36 |
TEXAS TECH |
$53,561,872 | |||
37 |
ARIZONA STATE |
$54,473,276 | |||
38 |
CONNECTICUT |
$52,811,643 | |||
39 |
OREGON |
$50,489,771 | |||
40 |
GEORGIA TECH |
$49,581,182 | |||
41 |
MIAMI |
$49,219,738 | |||
42 |
MISSOURI |
$48,634,512 | |||
43 |
KANSAS STATE |
$48,346,511 | |||
44 |
DUKE |
$47,507,169 | |||
45 |
WEST VIRGINIA |
$46,970,708 | |||
46 |
OKLAHOMA STATE |
$46,667,284 | |||
47 |
MARYLAND |
$46,283,648 | |||
48 |
OREGON STATE |
$45,409,990 | |||
49 |
ARIZONA |
$45,320,053 | |||
50 |
INDIANA |
$44,739,096 | |||
SOURCE: Washington Post analysis of equity in atheletics disclosure forms |
|||||
By Amanda Zamora |
January 8, 2009; 1:25 PM ET
Data Watch
Previous: How To Find The 'French Connection' |
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Posted by: george43 | January 8, 2009 9:28 PM
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Unfortunately I believe that we are limited in what we can focus on. I think that if we proceed with the partisan sideshow of prosecuting Bush admin. officials, healthcare will get lost in the brouhaha.
The Washington Post's permanent investigative unit was set up in 1982 under Bob Woodward.
It's easy to have such high profit margins when you poorly compensate the workers. Just think how high profit margins would be for many companies if they only had to pay their employees a fixed maximum wage.