The Austin-American Stateman crunches the big numbers spent on UT Athletics. A must-read article, but here are a few highlights.
- The University of Texas athletics department spends more than $100 million annually.
- "Fewer than 10 out of more than 1,000 college athletic programs nationally make money or break even, according to [NCAA president Myles] Brand."
- "At Big 12 rival Texas Tech University, four in every 10 dollars of the school's annual debt service goes to repay loans taken out to build or rehab sports facilities."
- "The athletic department this year will pay $1.79 million--$450,000 for the football team alone--to tutor and assist Longhorn athletes with their classwork. That's up more than a quarter from two years ago and works out to $3,500 per student-athlete, in addition to the regular $8,000 annual cost of tuition."
- "University of Texas spends about $1 million a year recruiting and flying star prospects to Austin."
- "Each year, it gives various rewards to players and personnel — letter jackets and blankets, but also rings, watches, iPods and other swag earned for conference victories and championships. The gifts totalled $537,000 last year."