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90% of Div I athletics depts lose money.(NEWSWATCH)(departments)(Brief article)
With football consuming an ever-increasing share of the athletics department budgets and an insatiable arms race for bigger facilities and million-dollar coaches, most Division I athletics programs lost money in 2004-2005, an average of $7.1 million per school.
NCAA researchers recently presented this data to the Knight Commission, a college sports watchdog agency.
Only 22 of the 313 Division I departments supported themselves, the rest turning to baleouts by their schools or student fees. "That means a larger percentage is being borne by the ...
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