May 2, 2013, 11:50 AM EDT
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.
Apr 18, 2015, 10:27 PM EDT
Wood returning would ensure that this young but talented front line wouldn’t lack for experience.
Apr 18, 2015, 8:56 PM EDT
Missouri is hopeful that these two junior college products can help them rebound from a tough 2014-15.
Apr 18, 2015, 7:44 PM EDT
Josh Speidel hadn’t spoken since the crash February 1. His first word: “Mom.”
Apr 18, 2015, 6:15 PM EDT
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Apr 18, 2015, 5:25 PM EDT
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Apr 18, 2015, 4:39 PM EDT
Miller averaged 16.8 points and 8.5 rebounds per game last season, and he’s an important addition for the UConn front court.
Apr 18, 2015, 4:15 PM EDT
More arrests at Iowa State as two more members of the 2014-15 roster were charged within the last week.
Apr 18, 2015, 3:15 PM EDT
Boise State received some encouraging news this week as Anthony Drmic is returning for another season.
Apr 18, 2015, 2:36 PM EDT
Hammons’ decision to return makes the Boilermakers a Top 25 team.
Apr 18, 2015, 2:15 PM EDT
Rutgers head coach Eddie Jordan has been taking classes at the school in order to complete his degree.
Apr 18, 2015, 1:15 PM EDT
A look at the top storylines from the 14th annual Jordan Brand Classic.
Apr 18, 2015, 11:58 AM EDT
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Apr 18, 2015, 10:45 AM EDT
Coppin State junior guard Sterling Smith is looking like a prime graduate transfer.
Apr 18, 2015, 9:35 AM EDT
Kentucky five-star big man Skal Labissiere believes that the NCAA will allow him to play this season.
Apr 17, 2015, 10:23 PM EDT
Cheick Diallo won named MVP for both the McDonald’s All-American Game and Jordan Brand Classic.
Apr 17, 2015, 9:30 PM EDT
Hoiberg just completed his fifth season at Iowa State.
Apr 17, 2015, 8:20 PM EDT
The Aztecs now have no commits for 2016.
Apr 17, 2015, 7:18 PM EDT
Domantas Sabonis previously announced he would return.
Apr 17, 2015, 6:05 PM EDT
The Jordan Brand Classic is Friday night at the Barclays Center in Brooklyn.
Apr 17, 2015, 5:00 PM EDT
The former Villanova guard cut his list to eight.
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