Radio Host Makes Shocking Claim About Shooting Hillary Clinton
You Can Blame Hipsters For That $7 Bud Light
While some athletic departments in the Big 12 and across the country are having to scale back in the wake of the recession, the University of Texas athletic department continues to rake in the big bucks.According to a report in the Birmingham Business Journal on Monday, the Longhorns rank No.1 in football revenue and overall revenue based on 2007-08 numbers. Texas generated $72.95 million in football revenue and $120.28 million overall.
Ohio State came in second in overall revenue with $117.95 million, followed by Florida with $106.03 million.
But before we read too much into those numbers, let's keep in mind the profit differs greatly from the revenue generated. The Longhorns do a great job of bringing it in, especially in football and men's basketball, but they also spend a lot.
All we have to do is look at football, where Mack Brown and his staff have consistently been among the best paid and not very many expenses are spared for the department's top money maker. The Longhorns generated $72,952,397 million that academic year, but had expenses of $20,049,651 thus leaving a net of $52,902,746.
Then when you look at the overall numbers, the $120,288,370 million generated seems mind-boggling. But the department had expenses of $100,982,596, leaving a profit of $19,305,774.
Any way you look at it, those numbers are still impressive especially when most athletic departments across the country do well to break even. Most end up in the red.
But what seems to be working in the Longhorns' favor is a philosophy that was adopted years ago in which the department decided to not carry as many varsity sports as most of the major schools. Texas supports 20 varsity sports, which is the minimum that's sanctioned by the NCAA.
According to the school, UT has 328 male athletes and 295 female athletes for a total of 623, which is 39 percent less than Ohio State and 24 percent less than Stanford.
Suspected PayPal Hackers Seek Deal To Stay Out Of Prison
Issa Comes To White House Rescue
What Went Wrong? Gallup Shares New Details
Police Investigate Student Shooting Death
Republican Warns Of Modern-Day Hitler Invasion
Gunmen Kill Prominent Female Politician In Pakistan
Pope: 'If Banks Fail It is A Tragedy, If People Die Of Hunger It's Nothing'
Did Broken Rail Cause Commuter Train Crash?
WATCH: Oxbow Dominates Preakness, Dashes Triple Crown Hopes
LA Doctor Gets 14 Years For This Horrible Promise
How Kidnapping Suspect Passes Time Behind Bars
Up To 60 Injured After Car Drives Into Virginia Parade
Colbert At U.Va.: You Owe The Previous Generation Nothing
Bill Maher Spoofs Tea Party Tax Forms
Targets In IRS Scandal Make Little Sense
Taxed More Than Their Income?
New Step Taken In Ricin Letters Case
New York Man Killed In Alleged Anti-Gay Hate Crime
These American Companies Refused To Sign The Bangladesh Safety Accord
Is Climate Change Increasing Tornado Intensity?
Jindal Makes Bold Claim Over Tea Party Targeting Scandal
North Korea Tests Missiles
VITO TO RESIGN MONDAY
Michael Kinsley Feels Your Pain, Middle Class, But Pain Makes You Beautiful
Al Qaeda Militants Killed In Drone Strike In Yemen
Obama Appears Unscathed By Unfolding Scandals
French President Signs Gay Marriage Into Law
Twitter Will Damn Your Soul, Religious Cleric Says
