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.


Henry Ellenson wins Marquette Madness dunk contest

Steve Wojciechowski
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Marquette freshman forward Henry Ellenson won the Marquette Madness slam dunk contest on Friday night with a between the legs dunk.

The 6-foot-10 Ellenson, the top recruit in Steve Wojciechowski’s freshmen class, defeated sophomore Sandy Cohen, fellow freshman Sacar Anim and Wally Ellenson, his older brother.

Ellenson joins the Golden Eagles as the No. 11 overall recruit in the Class of 2015.

Bill Self signs $10,000 check for KU student

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Late Night in the Phog is typically a night to remember for Kansas fans. For Kansas student Jerrod Martin Castro, Friday night’s event is one he won’t forget.

Castro, a sophomore, was selected as a contestant for a $10,000 giveaway. The only thing standing in the way of a big payday was a half-court shot. Brennan Bechard, the Kansas director of basketball operations, attempted the long-distance shot and hit nothing but net.

Kansas head coach Bill Self signed a $10,000 check on the spot.