Budget
Similar to other Division I programs, football and men's basketball provide the majority of BYU's athletics revenue and profits. Revenue comes from ticket sales, corporate sponsors, broadcasting contracts, and contributions. In 2009 BYU athletics had revenue of $41 million and expenses of $35 million, resulting in a profit of $5.5 million or about 16%. That year football provided more than 60% of revenue, used 42% of total expenses, and had a profit margin of 53%. Men's basketball provided about 15% of revenue and had an 8% profit margin. Women's basketball provided less than 3% of revenue and was unprofitable, as were all other sports.
Read more about this topic: BYU Cougars Men's Lacrosse
Famous quotes containing the word budget:
“We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.”
—Ronald Reagan (b. 1911)
“The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.”
—William Howard Taft (1857–1930)
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)