Baller Money

Here are some mind-blowing numbers that I have no idea what to do with. Jeff Tracy over at Axios dug through the school budgets of the Sweet 16-qualifying men’s basketball schools and figured out how much each institution puts into their athletic programs as well as what percentage of those dolla dolla bills go to the men’s b-ball teams.

Out of the 16 schools, half of them spend more than $100 MILLION annually on their sports programs. 10 of them spent more than $10 million on just their men’s basketball program in 2019. Not gonna lie, guys, I don’t understand how a school spends that much money on a program when there are students from that very same school who will be deep in debt for the next 20 years of their life. Yes, I get that athletic funding can come from alumni donations, ticket sales, and merchandise, so that there is a circular effect. But…damn.

Take top spender Florida State, for example. The precise total expenditure for their athletic programs is $198,407,201. The university lists 28,898 enrolled students. If you do that math, it averages out to $6,866 spent on sports per enrolled student – not per student athlete. FSU reported that 501 students participated in varsity athletics, which changes our math to $396,022 per athlete. Compare that to a US News analysis that says the average indebtedness of a 2019 Florida State graduate was $25,013. Again, I don’t know what to do with this information. It just feels wrong.



Disclaimer: I know/care very, very little about almost all the types of sports ball.

Continue reading

You’ll like these ramblings on money too:

Search blog posts:

Wisconsin CERTIFIED FINANCIAL PLANNER™ professional and educator Sarah Paulson


Meet Sarah Paulson, your

Although I’m a born-and-raised Wisconsinite – living in Appleton, Wisconsin –

I consider myself more of a world citizen.

True story: once when going through international customs in Amsterdam, the officers asked why they couldn’t find a Dutch residency permit in my American passport.

I bring a big world picture to my money management advice so you can view the wider world, too.

All written content on this site is for information purposes only.
Opinions expressed herein are solely those of Valkyrie Financial, unless otherwise specifically cited.

Read full disclaimer →


Submit a Comment

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

Share This