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The Business of College Sports
For an amateur endeavor, collegiate sports sure do seem like a big business, from multimillion-dollar TV contracts to eye-popping coaches' salaries to the billions wagered annually on March Madness. At Top Business Degrees, we decided to take a look at the numbers behind the business of college sports.
The total sports related revenue for NCAA Division 1-A Schools in 2010 was $6.2 billion. More than the GDP's of countries like Monaco, Belize, Bermuda, Fiji and Greenland.
$2.5 billion was wagered illegally on March Madness, the men's NCAA basketball tournament.
$433 million was the NCAA revenue distributed to Division 1 members in 2010, 60% of the organizations total revenue.
$10.8 billion is the NCAA's broadcast deal for the men's basketball tournament
$3.5 million is the average sports related profit for NCAA Division 1-A schools.
Highest Paid College Football Head Coaches
1. Mack Brown, Texas - $5,193,500
Highest Paid College Basketball Head Coaches
1. John Calipari, Kentucky - $5,387,978
Top Money Making Men's Football Programs
1. Texas, $95.7 million
Top Money Making Men's Basketball Programs
1. Louisville, $40.9 million
Average Revenue Per Sport
1. Football, $22.8 million