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

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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.

 

NEW PODCAST: Pac-12 hoops, Purdue and Kansas wins, Denzel vs. Buddy … and beer!

Andy Enfield
(AP Photo/Marcio Jose Sanchez, File)
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It’s Wednesday, which means it’s time for me to be joined by a guest on the podcast and today, it was Jeff Eisenberg of Yahoo Sports.

Jeff is a west coast guy, so we spent some time talking about Pac-12 hoops and USC vs. Oregon. We also got into Kansas-West Virginia, Purdue’s win over Michigan State and Denzel Valentine vs. Buddy Hield.

And like me, Jeff is a bit of a beer snob, so we did have a chance to chat about some of our favorites early on. At this point, I should be sponsored by Bell’s.

Anyway, you can listen to the podcast by clicking “play” on the Soundcloud player embedded below. Or you can do so through either iTunes or Stitcher if you so choose. Thanks for listening!

VIDEO: Kentucky’s ‘Dancing Guy’ has scary fall while carrying girl

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Kentucky’s ‘Dancing Guy’ has turned into a fan favorite at Rupp Arena.

Every home game, during one of the TV timeouts in the second half, ‘Mony Mony’ will come on, Dancing Guy will hop into the aisle and he’ll break it down like only a middle-aged white guy from Kentucky can.

As you can see, it didn’t quite go all that well for Dancing Guy on Tuesday night, as he tried to do a rail slide while holding a young, female fan and completely ate it.

Here’s another angle of the fall:

It looks much scarier that it actually was, as all reports indicate that everyone made it through the fall healthy.