Report: The NCAA had $71 million in ‘surplus revenue’ in 2012


The NCAA had nearly $872 million in total revenue in the 2012 fiscal year, according to a report from USA Today’s Steve Berkowitz.

With around $801 million is total expenses, the NCAA recorded a surplus revenue of $71 million, which sounds like a huge number until you consider that it’s about 10% of the money generated annually by the NCAA’s broadcasting contract with CBS and Turner.

There’s also this, from the report:

The surplus, an all-time best for the organization, increased its year-end net assets to more than $566 million, roughly double where they stood at the conclusion of the 2006 fiscal year.

Among the NCAA’s $530 million in unrestricted assets was an endowment fund that had grown to more than $282 million as of the end of its 2012 fiscal year, Aug. 31. That’s more than double what the fund was worth six years earlier.

Of the $872 million in revenue generated by the NCAA this year, $504 million was distributed to Division I schools, $115 million on association-wide programs and $38.3 million on management and general spending.

Too bad those piles and piles of money isn’t enough to give the people generating them a fair cut of the profits.

You can find Rob on twitter @RobDauster.


Knee injury temporarily sidelines Memphis assistant

Toronto Raptors vs Charlotte Hornets
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With practices beginning this weekend, not only are players looking to avoid the injury bug but their coaches are as well. And in the case of Memphis, the Tigers won’t have one of their assistants on the court for a little while due to a knee injury.

Assistant coach Damon Stoudamire, who returned to Josh Pastner’s staff this summer after a two-year stint at Arizona, suffered the injury during a recent workout according to L. Jason Smith of the Memphis Commercial-Appeal. And Stoudamire will require surgery, which will put him on the shelf for a little bit.

“He was working out himself and I think he thought he was in his rookie year,” Pastner said. “We think he’s got a torn meniscus, which will require surgery and put him out for a couple of days.”

Stoudamire isn’t the only assistant coach working through pain either. Syracuse’s Mike Hopkins, who is also Jim Boeheim’s heir apparent as head coach, suffered a neck injury body surfing during a family vacation last month. Hopkins spent some time in a neck brace while putting players through workouts as a result of the injury.

As for the Tigers, they’ll have a mixture of experience on the perimeter and youth in the front court as they look to get back to the NCAA tournament after missing out last season. Among the newcomers are talented forwards Dedric and K.J. Lawson, with experienced guards such as Kedren Johnson, Trahson Burrell and Ricky Tarrant (grad transfer from Alabama) expected to be key contributors on the perimeter.

Duke figuring out approach for this season

Duke University head basketball coach Mike Krzyzewski speaks with the media about the Blue Devils' 2013-14 basketball season, Wednesday, March 26, 2014, in Durham, N.C. (Chuck Liddy/Raleigh News & Observer/MCT via Getty Images)
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Duke is coming off of a national championship but the roster will look almost completely different for the 2015-16 season. That means last season’s approach to things on the offensive and defensive end will have to change and head coach Mike Krzyzewski mentioned to reporters on Friday how the Blue Devils are still figuring some things out.

“We’re putting in a different offensive system, to personalize it for these guys,” Krzyzewski said to reporters. “And a different defensive system so that we can max out on the talents that they have.

“We’re really proud of our team. I think we’re going to be a really good team.”

Without Jahlil Okafor in the middle, Duke’s offense could shift to a mostly perimeter-oriented team, as the wing and guard depth is superior for this year’s group.  Coach K and his staff making adjustments to schemes to fit personnel is a nice move from the Hall of Famer, as he’s done a better job in recent years of making adjustments like this after his stint with USA Basketball.

As the program moves on from Okafor, Tyus Jones, Justise Winslow and Quinn Cook, it’ll be intriguing to see who emerges as a potential go-to offensive player early in the season and how Duke’s offense potentially evolves as the season wears on.