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Report: The NCAA had $71 million in ‘surplus revenue’ in 2012

May 2, 2013, 11:50 AM EST

The NCAA had nearly $872 million in total revenue in the 2012 fiscal year, according to a report from USA Today’s Steve Berkowitz.

With around $801 million is total expenses, the NCAA recorded a surplus revenue of $71 million, which sounds like a huge number until you consider that it’s about 10% of the money generated annually by the NCAA’s broadcasting contract with CBS and Turner.

There’s also this, from the report:

The surplus, an all-time best for the organization, increased its year-end net assets to more than $566 million, roughly double where they stood at the conclusion of the 2006 fiscal year.

Among the NCAA’s $530 million in unrestricted assets was an endowment fund that had grown to more than $282 million as of the end of its 2012 fiscal year, Aug. 31. That’s more than double what the fund was worth six years earlier.

Of the $872 million in revenue generated by the NCAA this year, $504 million was distributed to Division I schools, $115 million on association-wide programs and $38.3 million on management and general spending.

Too bad those piles and piles of money isn’t enough to give the people generating them a fair cut of the profits.

You can find Rob on twitter @RobDauster.

 

  1. drewvt6 - May 2, 2013 at 12:03 PM

    What a scam the NCAA is. All these rules to “ensure they keep the amateur status of their ‘student-athletes’”. Ridiculous way to make so much profit.

  2. erckle31 - May 2, 2013 at 12:11 PM

    How bout handing over some of that dough to the people who really deserve it, huh?

  3. packhawk04 - May 2, 2013 at 1:05 PM

    Heres what i think they should do. Pay the players. Eliminate all athletic programs that would orginially get that funding. College football teams that get the big paydays from the bowl game payouts or college basketball teams paydays from the ncaa tourney, theyre really in luck because they can pay their players more. All kids would want to go there, so we might as well eliminate over half of all division one football and basketball programs while were at it.

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