palestra38
Professor
Posts: 32877
Reg: 11-21-04
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03-27-24 09:10 AM - Post#366588
In response to Silver Maple
Again, I think we have to wait for the situation to shake out. There is no way 351 schools can compete in a pay for play environment. There will be inevitable change in the Division 1 geography. Few schools actually make money from basketball even in a no-pay environment--"profitabili ty" is based on donations, not revenue, which almost always is less than expenses. Here are 2 websites ---the first lists return on investment (expenses to wins), the second lists revenue.
https://athleticdirectoru .com/articles/college-bas...
https://www.nasdaq.com/articles/schools-that -make-...
As you can see, even Duke's remarkable basketball revenue ($47 million) is less than half of its expenses.
No matter how you look at it, it's a really bad investment unless it brings in the mega donors to pay for it. While the Ivies clearly have alums who could match or exceed donations to basketball of schools like Duke, is there any desire by the biggest donors to contribute to basketball rather than a new Nanotechnology building with their name on it? No. And most other Division 1 schools have even less desire among alumni groups to pay the kind of money necessary to support an ersatz professional team in the NIL era. Division 1 is going to fracture and the Ivies may benefit from that. But is there any likelihood the Ivies will try and compete seriously for NIL players? No way.
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