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NCAA had Record $71 Million Surplus In Fiscal 2012
Study Details
- Authors
- Steve Berkowitz
- Published
- 5/2/2013
- Citation
- Berkowitz, Steve. 2013. NCAA had record $71 million surplus in fiscal 2012. USA Today (May 2): http://www.usatoday.com/story/sports/college/2013/05/02/ncaa-financial-statement-surplus/2128431/
Key Points: 1) NCAA net assets have doubled since 2006, 2) Statement says pending litigation will not have %22 material adverse effect%22 on NCAA, 3) Revenue distributed to Division I schools grew by %2424 million%2C or 5%25%2C from 2011 to 2012