I can't tell if you are talking about college or not, so I'm going to just a.ssume that you are, and say I'm sorry if wrong.
But these colleges are not making as much money as you think. The reason being, at most schools, the football program is paying for all sports that take place at that school. I understand why people think student atlethes should get paid. But I also understand why some think they shouldn't. I mean, it's college. These young kids are being given a chance to make a life for themselves. I don't know where you are getting this slavery talk from, but last time I checked, every single person that puts on a uniform at there school of choice, can walk away from it.
I've already shown the earning of some coaches here are more figures.
The earnings for the host cities of the five BCS games in Jan. 2010 was estimated to exceed $1.2 billion.
UPDATE: Top 100 programs for í10-í11 available here: 1-50, 51-100 (updated 12/29/11)
Iíve told you before that Louisville basketball is the 21st most profitable program in college athletics. Iíve shown you the football profits for every school in my Conference Finance Series. Now itís time to take a look at the 50 most profitable programs in college athletics for the 2009-2010 school year:
Rank School Revenue Expenses Profit
1 University of Texas (Football) $93,942,815 $25,112,331 $68,830,484
2 Univ. of Georgia (Football) $70,838,539 $18,308,654 $52,529,885
3 Penn State Univ. (Football) $70,208,584 $19,780,939 $50,427,645
4 Univ. of Michigan (Football) $63,189,417 $18,328,233 $44,861,184
5 Univ. of Florida (Football) $68,715,750 $24,457,557 $44,258,193
6 Louisiana State Univ. (Football) $68,819,806 $25,566,520 $43,253,286
7 Univ. of Alabama (Football) $71,884,525 $31,118,134 $40,766,391
8 Univ. of Tennessee (Football) $56,593,946 $17,357,345 $39,236,601
9 Auburn Univ. (Football) $66,162,720 $27,911,713 $38,251,007
10 University of Oklahoma (Football) $58,295,888 $20,150,769 $38,145,119
While college athletes are technically considered (and mandated to behave as) "amateurs," there's no mistaking that money changes hands in college athletics. If you've ever tuned into a college football game, you've surely noticed that plenty of big-name sponsors, media personalities, and advertisers have an apparent stake in the game. If you're an alumni, fan, or student of a school with a major collegiate football program, you also know that tickets aren't cheap, or easy, to come by. To say there's a lot of money at stake in college football is an understatement.
According to the Business of College Sports (a site founded by ESPN's Kristi Dosh), the most profitable college football program in the 2009-2010 school year was at the University of Texas -- raking in profits of $68,830,484. Following in second place was the football program at the University of Georgia. It garnered a profit of $52,529,885. Penn State University finished as the third most profitable program with just over $50 million.
Considering that the players aren't technically compensated for their performance (aside from scholarship offers, exposure and a promising athletic career future) -- who gets all the money? There are a few main "benefactors," but surprisingly, all that money doesn't go quite as far as you'd expect.
You know why the players don't walk away? Most of the time they have been raised since they were pre-teens to train for the pros. Working for free in the realm of college is the only way to reach the pros that they have trained they're entire lives for. At the end of the day they aren't being paid while everyone else is. How can a coach give orders to players and make a million dollars but the players who follow the orders not get anything? The cities they play at are making money, the schools, the staff, the janitor who cleans up after the games everyone but the people make it all possible. All of the merchandise sold, dvd's, ticket sales etc. It's a disgrace.