College Football Programs Stand to Lose Billions if Season is Canceled
“potentially adding to an already bleak economic outlook for many of the nation’s top institutions of higher education”
So many schools have become dependent on their sports programs as a source of revenue.
Campus Reform reports:
College football programs could lose BILLIONS if season is canceled
Colleges could be dealt a major financial blow this fall if the upcoming football season is canceled, potentially adding to an already bleak economic outlook for many of the nation’s top institutions of higher education.
According to an analysis of school financial reports by USA TODAY Sports, at least $4.1 billion in revenue could be lost at public universities in just the Power Five conferences, which include the ACC, SEC, Pac-12, Big Ten, and Big 12.
The analysis also shows that, with more than 50 schools in these conferences, the losses could be nearly $80 million per school, with a majority of the losses coming in ticket sales, broadcast rights, and sponsorships.
As noted by USA TODAY, football games also affect the economies of their local communities.
“They’re going to try their damnedest to have a season of 12 games,” Dan Rascher, a sports management professor at the University of San Francisco, told USA TODAY.
College football programs also fund other athletic programs. A canceled season would not only affect football but other sports as well. Some, like Fox Sports’ Colin Cowherd, say that’s not such a bad thing.
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Comments
I like the idea of sports as a physical and leadership venue for students. But it cannot be the end all and be all of a child’s life. Just a part of it, and our current culture does not allow for partialities.
I miss the amateur aspect of the college sports in general. More money flows in and they much everything up and make it like the NFL lite, NBA, MLB, etc.
It’s no wonder the players want to get paid. Instead of being the enjoyable amateur experience with the full scholarship, it is now the minor leagues with their lives under a microscope for every little thing they do and unhealthy hero worship of individuals not yet mature enough to handle it.
exactly. And it has trickled down into childhood sports. Which is why I never put my kids on teams, although I would have liked to. But I didn’t want the daily practices, the twice-weekly games all over the valley. times 5 kids. And the competition from the other kids AND THEIR PARENTS make it so that the fun friendly competition would be neither.
So, college football IS a business. Well, a lot of businesses and colleges are not going to survive this pandemic. Perhaps these universities should go back to the business of education versus sports.
Why would football be canceled? August should be long after everything reopens. Football is by far the least impacted by this, baseball got totally screwed by the timing.
Never forget that for almost all colleges and universities football is a big money loser year after year. It is only profitable for a tiny sliver of schools at the top. Nowhere is higher education’s administrative bloat more obvious than in intercollegiate sports.
Also, never forget the ways that sports corrupt colleges core academic mission. Scandals have erupted at school after school over no-work grading for top athletes.
Abolish the NCAA! Club sports only!
IMHO, the best sports for a kid are swimming, cross country, or tennis. Each of these can become a life long endeavor for fitness.
Bless their hearts…
I’ll try to shed a tear. Really I’ll try.
On the upside …
In most major collegiate football stadiums, tickets are sold on a reserved seat basis with purchasers first having to pay for the simple right to buy the tickets. For example, the sections farther from the end zones might be $1000 to reserve the right to buy the tix with escalation closer to the 50 yard line. After that, there’s the tickets themselves with their own escalating cost according to section, row, and seat. That’s why the seats on the 50 of the home team are typically so costly.
I can see the possibility of those who couldn’t afford seats any closer to the middle than the ten now being able to get tickets at the forty. If the schools want to put butts in the seats, they’ll consider it.
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