With college sports as large as they are today, it would only make sense that they are incredible money making machines in the world of business. With a revenue of $6.2 billion in the year 2010, NCAA Division I-A schools are living proof that the business of college sports is very real.
Many of the top-tier universities enjoy massive gains from their athletic departments. The importance of these teams is shown through the incredible salaries top coaches make in these collegiate sports. However, even these coach's wages are small when compared to the incredible amount a team can earn. As an example, the Louisville men's basketball team had a revenue of $2.7 million per athlete, while the Texas football team enjoys a revenue of just under $1 million. These numbers are reflected by the top money-making programs in the college world. Texas' football team has a yearly revenue of $95 million while Alabama, Georgia, Auburn and Florida all enjoy a revenue of over $70 million each.
Provided by: Business Degrees