North Dakota State Battles FBS Temptations Florida Still Searching For Foley's Replacement No Current Wait List For Michigan CFB Tickets Hocutt's New Deal Pushes Salary Above $1M Cal AD: Aussie Football Opener A "No Brainer" Hart's Retirement To Cost Tennessee $645,454 Chattanooga AD The Favorite For Tennessee? Pitt Football Breaks Season-Ticket Sales Record Tennessee AD Dave Hart To Retire In '17 Illinois AD Looks To Boost Entertainment Value
SBD/June 19, 2013/Colleges
Univ. Of South Carolina Athletic Budget To Top $84M For '13-14 Season
Published June 19, 2013
BACK IN BLACK? USA TODAY's Steve Berkowitz notes proposed changes in how the NCAA "compiles financial data from college athletics departments could lead to more of them being in the black, though not by increasing revenue or cutting expenses." Only 23 athletics departments are "self-sufficient by the NCAA's current benchmarks." Under one proposed change, student fees "might no longer be treated only as subsidy, but also as revenue generated by the athletics department." That could make it "easier for some athletics programs, especially those at schools in the power conferences, to be considered by the NCAA as self-sufficient." SEC consultant and former Mississippi State AD Larry Templeton said, "Instead of running around saying how many programs are in the red, this should put a considerable number running in the black. It would give a truer accounting of how most athletic programs work these days." NCAA VP/Administration and CFO Kathleen McNeely "unveiled the proposed changes in the financial reporting system last week during a presentation at the annual meeting of the College Athletic Business Management Association" (USA TODAY, 6/19).