Big-time intercollegiate athletics is a big-time money-losing proposition
Contrary to what is stated in the letter by Darin Zimmerman, the author's comments about intercollegiate athletics are right on the money. By using the University of Iowa as an example, Mr. Zimmerman is citing the exception. The fact is that Iowa is one of only seven out of the 120 Football Bowl Subdivision schools whose intercollegiate athletics programs generated enough revenue to consistently cover expenses in each of the past five years, according to the NCAA financial reports collected by USA Today. For the most recent single year for which figures are readily available (2009), only fourteen schools had intercollegiate athletics programs in the black, and the median of the net annual deficits of the other programs exceeded $11 million.