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by tunared
2459 days ago
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The football programs are mostly non-profits, same with the NCAA. So no, profit, at least for the major programs, is not a concern. The programs receive millions from multiple sources that are spent on staff, coaches and other sports that need to be spent (Universities are not supposed to be profit making institutions). While the athletes that are generating the revenue through their performance every Saturday are paid with scholarships and money for room and board (can't be more than $60k or $70k a year - assumption here). Works out great for the coaches and administrators, not so great for the athletes. It is also not in the NCAA, college administrators, boosters or coaches interest to have the current setup change. Why mess with a good thing. No competition for player salaries leaves more in the coffers to pay the coaches. |
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Non-profit doesn't mean “doesn’t earn profits” or “doesn’t prioritize profit”, but “doesn’t return profits to investors”.