Boston College Hires Martin Jarmond As AD ACC Follows NCAA's Lead, Returns Events To N.C. Utah AD Chris Hill Talks Long Tenure, Stadium NCAA Awards N.C. Championship Events Again Buffalo Lands '19 NCAA Frozen Four New UNLV AD Will Face Several Challenges Gene Taylor Officially Introduced As K-State AD Could Mike Dee Land Boston College AD Role? Texas Confirms AD Perrin Staying Through '17 Sources: UNLV Signs VT's Reed-Francois As AD
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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).