Read the article Wes. He doesn't say $800 goes to football. He misspoke when he said the majority. What he should have said was the greatest share.
Is even that correct? I see so many different versions of the "facts" posted, I'm not sure what to believe. Trying to piece together data from the various posts I have seen here, and re-assemble them in my head, I'm thinking that total Athletic budget is $24 million, of which $6 million is spent on football. The money comes in the form of $18 million in subsidies, and the other $6 million is from revenues from sports. Of that $5 million comes from football, such that football loses about $900,000, if I recall. That leaves about $1 million for revenue from other sports, most of which is presumably from basketball and volleyball. If these are not correct, someone please correct me.
Now, if this were a business, you would recognize that if you cancel football, you give up the $5 million in football revenue as well as the $6 million in cost. Thus, the subsidy to football is actually only $900,000 of the $18 million. In order to conclude that the "greatest share" of the subsidy goes to football, you have to make the reverse assumption, that you could cancel football (and thus eliminate the subsidy) without losing the $5 million in football revenue. I don't believe that is true.
The correct measure of the subsidy given to each sport should be computed by taking the costs for that sport and deducting the revenues related to that sport. The greatest share of the Athletic budget is football, but so is the greatest share of the revenue. The actual subsidy to football, however, may be smaller than many other sports, if I am correct.
Last Edited: 11/11/2011 7:43:53 PM by L.C.