Economy Hits College Sports Hard

A new NCAA report shows that just 14 of the 120 Football Bowl Subdivision schools made money from campus athletics during the 2009 fiscal year, down from 25 the year before. Researchers blame the sagging economy and suggest that numbers for the 2010 fiscal year could be even worse.

The research was conducted by accounting professor Dan Fulks of Transylvania University, a Division III school in Lexington, Ky. It shows the median amount paid by the 120 FBS schools to support campus athletics grew in one year from about $8 million to more than $10 million, according to an Associated Press report. The NCAA doesn't release individual schools' revenues and expenses, but Fulks confirmed that Alabama, Florida, Missouri, Ohio State, Texas and Tennessee are among the select group that made money.

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