To backscreen's point of schools losing money. The following stats are from the AP. Notice they are taking into account only schools WITH football and there are only 22 FBS schools in the entire country making money.
The median net surplus of the 22 moneymaking athletic departments was roughly $7.4 million, while the median net deficit for the other 98 FBS schools was $11.3 million.
The net operating results show FBS schools are losing nearly $9.5 million on average, compared with FCS schools that are losing slightly more than $9.1 million.
