Few athletics programs in black; most need aid

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Number Of Profitable Football Programs Increased
Published 5/16/2008 by Paterno Lives! (noreply@blogger.com) at The Big Eleventh
To 19? WTF? Without subsidies, athletics departments at 19 of the 119 schools in Division I-A (now known as the Football Bowl Subdivision) made money in fiscal 2006 — up from 18 in '05 and '06 — and 16 did so over the three-year period.With all the emphasis on money and football, and the fact that you (almost?) never hear about programs folding for financial reasons, this sounds like some fuzzy accounting to me. The report showed that for the 67 I-A football programs that showed a program-generated surplus in fiscal year ...

FSU President: Playoffs are "going to happen"
Published 5/17/2008 at Fanblogs.com
... Just this week, the NCAA released its annual revenue report, which showed that only 19 of the 119 FBS athletic departments were self-sufficient financially in 2006. Perhaps more ominously, only three schools were in the black for a three-year period from 2004-2006. ...