NCAA Men's Championship Game - Kansas v Kentucky

NCAA passes $500 million in net assets

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Non-profit, eh?

USAToday.com reported Monday that the NCAA has now surpassed $500 million in net assets, including a $260 million endowment fund.

The information provided is a result of “an examination of the NCAA’s previous audited financial statements and membership reports, its federal income tax returns and a series of interviews and e-mails with association executives,” according to the ¬†story.

In all, the analysis showed that the NCAA’s spending went to as much as $800 million, with an all-time high of $503 million being distributed to Division I schools. The analysis showed that the NCAA made at least $860 million during the 2012 fiscal year.

“We are not speculating on our year-end numbers,” spokesman ErikChristianson said via e-mail. “But we expect to post a surplus at the end of the year and make a supplemental distribution to our members after receiving final audited financial results.”

Another crazy finding? A large amount of the NCAA’s money comes from the television rights they gave to CBS and Turner Broadcasting for the NCAA Tournament, which pulled in $666 million in 2012. Along with the $18.8 million provided from ESPN’s rights to the women’s tournament, the total percentage of revenue provided is 80-percent. Insane.

There are a lot of numbers in the article, with great research provided by USAToday. The bottom line is that the NCAA is making a ton of money off these college kids and coaches in the midst of heated debate over whether college athletes should get paid, which is another blog for another time.

The NCAA is making a ton of bank and distributing it among the schools, including a huge endowment. This should stir the pot in this debate of paying college athletes.

But mainly, this is an eye-opener to anyone wondering exactly what type of profit the NCAA brings in. College sports is more and more looking like a business.

David Harten is the editor of The Backboard Chronicles. You can follow him on Twitter at @David_Harten.

VIDEO: Monmouth hits a game-winner, Bench Mob member tries to disrobe

King Rice
AP
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Monmouth used a 17-2 run in the final minutes to beat Rider on Friday night, a win that will keep the Hawks within striking distance of the kind of an at-large bid to the NCAA tournament should they fall in the MAAC tourney.

The run was capped by star point guard Justin Robinson, who buried this three with three seconds left to put Monmouth up for good, 79-78:

No. 17 Arizona erases double-digit deficit to beat UCLA

Arizona coach Sean Miller reacts to a foul call during the first half of Arizona's NCAA college basketball game against UCLA, Friday, Feb 12, 2016, in Tucson, Ariz. (AP Photo/Rick Scuteri)
(AP Photo/Rick Scuteri)
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Allonzo Trier scored 15 of his 18 points in the second half and Parker Jackson-Cartwright scored 16 points in his second career start as No. 17 Arizona knocked off UCLA, 81-75, in Tucson on Friday night.

UCLA was up by as much as 11 points in the first half and took a ten point lead into half time, but in the second half, the Bruins were eventually done in by foul trouble and the stronger front line of the Wildcats.

Ryan Anderson and Kaleb Tarczewski were dominant down the stretch. The duo combined to score 12 of the last 23 point for the Wildcats, including the bucket that put the Wildcats ahead for the first time since early in the first half. Off of a missed free throw, UCLA’s Thomas Welsh battled with Tarczewski for the rebound, but when Welsh finally seemed to gain control of the loose ball, Anderson knocked it out of his hands and bullied through Jonah Bolden for a layup.

All told, those two combined for 20 points and 27 boards, seven of which were offensive. They also managed to foul out both Welsh and Tony Parker, although some of the calls that went against UCLA down the stretch were questionable.

The win keeps Arizona within a game of first place Oregon in the Pac-12 standings and tied for second with No. 23 USC, who will be visiting the McKale Center on Sunday night.