A recent USA Today article detailed IMG’s quick rise as a market leader in college sports media and licensing after entering the market in May, 2007 when it purchased Collegiate Licensing. Collegiate Licensing’s clients, which include the NCAA, “are responsible for 75% of the estimated $4.3 billion in annual retail sales of college sports merchandise.”…
The NCAA News published an article relating to how the current business model in intercollegiate athletics may lead to changes in priorities, and an increasing divide between major college athletic programs and smaller programs. Critics question the sustainability of the current business model and worry about what additional unappealing financial decisions may lie ahead. Financial…
The National College Players Association (NCPA) recently issued a press release announcing the results of a study which revealed the estimated shortfall between college athletes’ full scholarships and the actual cost of attendance at each Division I university. The study demonstrated that NCAA scholarship limitations can leave a full scholarship athlete with expenses ranging from…
The Patriot League athletic directors unanimously adopted several cost-saving measures that pertain to the conduct and administration of the Patriot League regular season and Championships. These measures were endorsed by the membership for implementation in 2009-10 and are in response to the current financial climate and anticipated budgetary impact on their respective campuses. It is…
The Institute for Diversity and Ethics in Sport at the University of Central Florida released its annual study, “Keeping Score When It Counts: Graduation Rates and Academic Progress Rates (APR) for 2009 NCAA Men’s Division I Basketball Tournament Teams.” The study examined the progress toward graduation for the teams competing in the NCAA Division I…
The New York Times recently published a series of commentaries relating to whether or not college athletes should be compensated for their services on the playing field. In reference to the NCAA’s Final Four, the Times stated, “this entire commercial bonanza is made possible by the student athletes, who are barred from receiving salaries by…
A recent article published by the Arizona Daily Wildcat noted the concerns from the University of Arizona athletic department about the costs it may take to replace long-time men’s basketball coaching legend Lute Olson. Olson’s $737,790 salary, while the highest among all publicly paid employees in the state of Arizona, is lower than for coaches…
Economics professor Andrew Zimbalist of Smith College recently published a column in the Wall Street Journal relating to the incomes and expenses of men’s college basketball teams with respect to the NCAA men’s basketball tournament. Zimbalist notes that CBS is paying the NCAA $6.1 billion over 11 years to broadcast the tournament, and in turn,…
Peter Likins, president emeritus of the University of Arizona and a former member of the Knight Commission on Intercollegiate Athletics, was interviewed by the Chronicle of Higher Education regarding the financial aspects of intercollegiate athletics during the current economic downturn. Notably, Likins also served on the NCAA’s Division I Oversight and Monitoring Group which has…
Major colleges in the state of North Carolina are scaling back expenses in its athletic programs as a result of the current recession and the escalating costs to participate in college sports. The Charlotte Observer reported that Duke University, the University of North Carolina, and North Carolina State University are all considering cutting travel costs,…