This USA Today article from 2008 quotes a study suggesting that only 19 of 119 FBS athletic departments broke even or made money. In addition, only 67 of the 119 FBS schools even broke even on football, let alone having the football team subsidize the rest of the athletic department. I'm going to guess that most, if not all, FCS, DII, DIII and NAIA athletic departments draw funds from their schools general budget.
Few athletics programs in black; most need aid - USATODAY.com
Snaqs is right about Iowa State. Because of the state of Iowa's general budget crisis, the Iowa Board of Regents has instructed all three state schools to eliminate general budget expenditures for athletics. U of Iowa achieved the feat in 2007, Iowa State is getting very close, but Northern Iowa doesn't have a realistic chance.
Regents approve modest funding cut to UNI athletics | Des Moines Register Staff Blogs
Tue Feb 15, 2011, 03:27pm
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