Few Collegiate Athletics Programs Show a Profit in NCAA’s Latest Report

Only 25 big-time collegiate athletics programs reported positive net revenue for the 2008 fiscal year, according to a new NCAA study of revenue and expenses at more than 300 Division I institutions. But that was six more than were profitable in 2006, and athletics expenses over all appear to be growing at about the same rate as revenues, rather than leaping ahead. Those findings, NCAA officials said in a news release, give them hope that universities are heeding advice from a panel convened by the association’s late president, Myles Brand, for athletics programs to moderate spending and become more fiscally responsible.