NCAA Women’s Hoops Lost $169 Million in ‘05-’06
The US Department of Education reported that the NCAA’s 333 Division I women’s basketball programs that competed in the 2005-2006 season lost a cumulative amount of ONE HUNDRED SIXTY-NINE MMMILLION DOLLARS!
THE SPORTS ECONOMIST, via the ST. PETERSBURG TIMES reported that the figure might even be conservative, indicating that 80 programs matched revenues to expenses, down to the last dollar. There was no word on what percentage of the deficit was spent on high heels, tanning memberships, or hair appointments.
