Summary
NCAA President Myles Brand said college athletic departments must slow their rate of spending to avoid relying on subsidies from the universities and endorsed a series of recommendations designed to help departments balance their budgets.
Speaking at a National Press Club luncheon yesterday, Brand said only about two dozen college athletic departments are turning a profit, with many schools increasing the amount of money they take from university subsidies, known as allocated funds.See the full content of this document
Extract
Brand: Slow Down Spending
This is placing pressure on the academic mission and values of some schools, he said.
"For a number of universities, institutional funds have increasingly fi...See the full content of this document
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