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Date: | Sun, 16 Dec 2001 17:33:24 -0500 |
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Coincidentally the Lansing State Journal did a story
today on
Michigan States' Athletic financing today. I'll try and
find a
sport by sport breakdown but here is an excerpt:
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http://www.lsj.com/news/local/011216_athnew_1a-4a.html
MSU athletics are relatively fiscally fit. The department
hasn't
lost money since the mid-1990s and has a $9 million reserve.
Contrary to public perception, most college athletic
programs lose
money. NCAA Executive Director Cedric Dempsey projects
college sports
will take in $3 billion this year - and spend $4 billion.
Even the University of Michigan - with the largest football
stadium
in the nation, sold out for every home game - has lost money
on its
athletic program in each of the past three years. Last
year's operating
deficit: $1.4 million.
Public universities sometimes use taxpayer cash, usually
funneled
from a school's general fund, to keep athletic programs
afloat. But
at MSU, like most major conference schools, athletics must
survive
on its own.
Only three of MSU's 25 sports - football, men's basketball
and hockey
- bring in more money than they spend. They pay the way for
MSU's other
sports, which lose at least $7 million combined.
Some schools aren't as fortunate as MSU. A third of Division
I football
and men's basketball teams lose money, according to an NCAA
study of
1999 data. Overall, just 46 percent of the nation's Division
I-A schools
would profit on sports if they weren't subsidized by money
from other
parts of the institution.
Season tickets at Munn cost $336 to $378 - about $18 per
game. And there's
a waiting list for seats.
The average cost of MSU season football tickets - $34 a game
- has climbed
70 percent since 1994. The cost per ticket is fifth highest
in the Big Ten.
The cost of basketball season tickets now range from $10 to
$22 per game.
And those with the best 4,700 seats at Breslin pay $100 to
$300 extra just
for the right to buy them.
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