Latest College athletics fiscal data hint at moderation

Gary Brown:

ata from the NCAA’s most recent study on revenue and expenses [6MB PDF Complete Report] at Division I institutions show a slight moderation in the rate of spending in the aggregate within the division and a reduced growth in the gap between the so-called “haves” and “have-nots,” though the gap continues to be wide.
The report summarizing Division I athletics program finances between 2004 and 2008 also reveals that 25 schools – all in the Football Bowl Subdivision – reported positive net revenue for the 2008 fiscal year, six more than in the 2006 fiscal year. Only 18 FBS institutions, however, have reported revenue over expenses when the data from all five years are aggregated.
The findings make NCAA officials cautiously optimistic that the advice from former NCAA President Myles Brand’s Presidential Task Force three years ago to moderate spending is being heeded, though those same officials acknowledge that these data through the end of the 2008 fiscal year (June) do not reflect the subsequent economic downturn that may reveal a different story on spending in next year’s report.