Whether you play sports, watch sports, or don't even care about sports, everyone knows how much money they make, especially when it comes to the collegiate level. With the ongoing pandemic though, numerous collegiate sporting events including march madness were cancelled this spring, costing universities around the country millions of dollars in television revenue.
Many schools get a significant amount of their money from sports, mainly football and basketball. This could have very large negative effects in the future if the NCAA has to continue cancelling events resulting in millions or even possibly billions of dollars worth of lost revenue.
The NCAA recently announced that this years upcoming college football season would not start unless students are back on campus. Now having one or two seasons taken away won't hurt larger research universities, but to smaller schools that rely on having athletics as a source of income it could be catastrophic.
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This would be a terrible thing not only for the NCAA and making money, because obviously that is going to be a problem to keep everything running, but for the fans and players that enjoy the sports so much. Some people choose where they go to college just for the sports teams and how good they are. And with no sports to cheer for and bond over that is going to cause a huge problem for fans.
ReplyDeleteWhile colleges do get money from sports, they still have to rely on student fees for a pretty large portion of their funding (up to 40%) . This could lead to students having to pay even more to maintain these programs. Since many college-bound students are hesitant to spend a lot of money on college (especially since their families may have lost their jobs), it could still be difficult to get enough funding for sports programs.
ReplyDeletehttps://www.nbcnews.com/news/education/hidden-figures-college-students-may-be-paying-thousands-athletic-fees-n1145171
https://www.air.org/sites/default/files/downloads/report/Academic-Spending-vs-Athletic-Spending.pdf