College sports is more than just weekend entertainment. College sports is a big business that keeps growing every year. NCAA Division 1-A alone brought in more than $6 billion in revenue in 2010. That’s more money than the GDP of some countries, including Belize and Fiji.
Most of the money generated through college sports goes to pay the coaches of the top teams. The top grossing football head coach is Mack Brown at Texas with a $5.1 million salary. The school is more than willing to pay that much for a coach since the Texas football program is one of the highest grossing college programs in the United States. Besides football, the top money-making sports programs include men’s and women’s basketball, men’s baseball and hockey.
It’s not just the coaches and schools getting into the money game either. About $2.5 billion is illegally wagered on the NCAA March Madness basketball tournament each year.
From: Top Business Degrees
The Business of College Sports