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Time to Bury the Asterisk?
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<blockquote data-quote="Vespidae" data-source="post: 770432" data-attributes="member: 2957"><p>This is the key problem. Eighty percent of athletic programs are break even. To even be competitive today, you have to generate at least $100M ... more if you finance via debt.</p><p></p><p>Auburn has billionaire alumni that write insane checks. Alabama has fundraising operations throughout the state at a massive scale. FSU generates more from the Seminole Club than through ticket sales.</p><p></p><p>Something new is coming, I just don’t know what it is. Yesterday, I heard a recommendation to create a National Intercollegiate Football Association as an NCAA spinoff to take the Top 25 (I think) teams a form a new league/system.</p><p></p><p>Bottom line ... this cant continue.</p></blockquote><p></p>
[QUOTE="Vespidae, post: 770432, member: 2957"] This is the key problem. Eighty percent of athletic programs are break even. To even be competitive today, you have to generate at least $100M ... more if you finance via debt. Auburn has billionaire alumni that write insane checks. Alabama has fundraising operations throughout the state at a massive scale. FSU generates more from the Seminole Club than through ticket sales. Something new is coming, I just don’t know what it is. Yesterday, I heard a recommendation to create a National Intercollegiate Football Association as an NCAA spinoff to take the Top 25 (I think) teams a form a new league/system. Bottom line ... this cant continue. [/QUOTE]
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Time to Bury the Asterisk?
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