How do any of the athletic departments in major conferences not make money? I understand a MAC school, but if you're in the SEC/P10/B12/B10/ACC, how is possible you're not profitable with all that TV $$$? Think I read only 24 athletic departments made a profit last year.
A lot of it is accounting tactics. For example UL moves stuff around on the accounting ledger to have THE MOST PROFITABLE BASKETBALL PROGRAM. Some schools spend everything so they don't show a profit.