Tim Bits wrote:
I say take the $100 million that OSU brings in, subtract facility costs, equipment, travel, coaches salaries, etc. and divide the $12 million that's left by 600 (all the athletes on campus...a union has to be fair, you know). That'd be about $20,000 for each athlete. Then, cut all scholarships and send a $25,000 tuition, room, and board bill the parents. I think that would be appropriate.
First of all, the union doesn't have to be fair. The union represents its members. People who are not in the union may not be entitled to the benefits.
Second, if you take the $100 million that tOSU brings in and subtract all the other stuff, you're left with more than $12 million. OSU isn't losing money on it's sports teams.
The U of Maryland - a school with a crappy sports program, just released their finances for 2012-13. They made a paltry $500,000. They had no major bowl game, no NCAA men's basketball tourney invite, AND lost payments from the ACC because they are moving to the Big 10. Yet they still made money.
How much did they spend on scholarships? 12.8 million
How much did they spend on coaches? 13.6 million
How much did they spend on administration? 11.6 million
There is PLENTY of money to pay athletes at big money schools.
At mid-major schools, there is none, and those schools will revert to D3 status. But let's not kid ourselves, it's not like the Villanova football team was going to be competitive against LSU if they ever matched up.