NCAA financial survey: Alabama in black, Auburn in red

Alabama turned another profit. Auburn moved into the red. And UAB dug a deeper hole. That was the verdict from a new NCAA report that shows fewer schools are making a profit on college sports during a down economy and increased spending. The result: Athletics departments rely more than ever on institutional subsidies.

The NCAA reports only 14 athletics departments from the Football Bowl Subdivision (formerly Division I-A) made more money than they spent in 2008-09, down from 25 in each of the previous two years. The average institutional subsidy for athletics in the FBS rose from $8 million in 2007-08 to $10.2 million in 2008-09, the most currently available year of data.

AL.com
8/25/10