This is the time of year where America celebrates college basketball as a spectacle, and more and more, as a business. In 2010, the NCAA struck a 14-year, $10.8 billion deal with CBS and Turner Broadcasting System for the rights to the tournament. Part of that money eventually devolves down to the teams, some of which have become truly enormous profit generators. At The Atlantic, we wondered what this year's bracket would look like if, instead of their on-the-court play, teams won and lost based on their most recent balance sheets. Using data from the Department of Education, we calculated which teams earned the biggest profits during the 2010-2011 fiscal year, then set them up against each other.
The Final Four: Louisville, Duke Ohio State, and the University of North Carolina. Your national champion: Louisville. By a longshot. (Click the bracket below for a full-size version.)
The government's numbers have one major flaw for our purposes. Colleges can hide the true cost of running a money-losing team with some fancy accounting -- essentially by covering up their losses with dollars from the school's general fund. As a result, many teams appear to finish the year breaking exactly even, despite the fact that they're actually in the red. On the bracket, I've marked those programs as having "unknown losses."*
But while the data won't tell you much about most of the money losers, it will tell you a lot about the money makers. Louisville has been college basketball's earnings leader three years running, raking in a monstrous $40.89 million in revenue in FY 2010-2011, and $27.55 million in profit. Second place Duke made a total of $28.91 million in revenue, netting $15.1 million.
College basketball teams earn income off three main things -- ticket sales, donations, and distributions from the NCAA itself, says Transylvania University Professor Daniel Fulks, who analyzes university athletic department finances on behalf of the NCAA. The ticket sales are the most straight-forward part of the equation. Large schools with large stadiums that can pack a crowd have an obvious built-in advantage. Unsurprisingly, four of the five highest revenue generating teams in this year's tournament -- Louisville, UNC, Syracuse, and Kentucky -- also led the NCAA in average per-game attendance.
But a successful team can get by without massive attendance. Duke, with its relatively modest 9,300 seat stadium, is the second most formidable revenue earner in the tournament. They do it with donations from alumni and boosters. Before Blue Devils fans are allowed to buy season tickets at Cameron Indoor Stadium, they're required to make a sizable donations. According to Duke Senior Associate Athletic Director Mike Cragg, the two worst seats in the house require an $8,000 dollar gift on top of the ticket price. Fans give all the way to up to the cost of a year-long scholarship, roughly $55,000. Many other universities have adopted similar practices.
Finally, there are the funds the NCAA distributes to conferences based on their performance in the national championship tournament. Conferences earn money based on the number of games their teams have played in the big dance during the past six years. The more games, the more the conference earns. Last year, the NCAA doled out about $180 million this way. It's up to each conferences to split up its haul between its teams.
Combined, those three categories make up three quarters of most basketball teams' revenue, Fulks says. Now consider Louisville. The Cardinals play in the brand new, 22,000 seat YUM Center, where prospective season ticket buyers are essentially required to make donations before they can claim a seat. According to Forbes, the team received more than $20 million in total contributions last year. It also plays in the Big East, which received the single biggest portion of last year's NCAA tournament bounty.
Wealthy teams, like Louisville, only stand to get richer. In the last few years, the top athletic conferences have signed lucrative television deals for football and basketball worth many millions of dollars to each of their member schools.
But just like in any other game, earning a nice financial return won't necessarily earn a college basketball team points on the court. Arizona is sitting out March Madness, even though it was the third most profitable school in Division I-A last year, with more than $14 million in net income. Other big spending, big-earnings schools such as the Universities of Illinois and Minnesota* will also be watching from home. On the other hand, Mississippi Valley State, which operated at a loss despite a shoestring budget of $682,000, got a shot at the tournament.
Thankfully, in real life, the big money doesn't always win.
*A note about the bracket: In matchups between teams with two unknown financial losses, I gave points for thriftiness and advanced the squad with lower expenses. When a program with an unknown loss played one with a known loss, I gave points for honesty and advanced the team with the known loss.
*An earlier version of this piece mistakenly stated that Wisconsin had not made the tournament (despite having them on my bracket). Having spent time working in the badger state, I realize that residents there rightly get frustrated about being mixed up with their next door neighbor. My sincere apologies.
Hillary Clinton once tweeted that “every survivor of sexual assault deserves to be heard, believed, and supported.” What about Juanita Broaddrick?
If the ground beneath your feet feels cold, it’s because hell froze over the other day. It happened at 8:02 p.m. on Monday, when The New York Times published an op-ed called “I Believe Juanita.”
Written by Michelle Goldberg, it was a piece that, 20 years ago, likely would have inflamed the readership of the paper and scandalized its editors. Reviewing the credibility of Broaddrick’s claim, Goldberg wrote that “five witnesses said she confided in them about the assault right after it happened,” an important standard in reviewing the veracity of claims of past sex crimes.
But Goldberg’s was not a single snowflake of truth; rather it was part of an avalanche of honesty in the elite press, following a seemingly innocuous tweet by the MSNBC host Chris Hayes. “As gross and cynical and hypocritical as the right’s ‘what about Bill Clinton’ stuff is,” he wrote, “it’s also true that Democrats and the center left are overdue for a real reckoning with the allegations against him.”
The nation wants to eradicate all invasive mammal predators by 2050. Gene-editing technology could help—or it could trigger an ecological disaster of global proportions.
The first thing that hit me about Zealandia was the noise.
I was a 15-minute drive from the center of Wellington, New Zealand’s capital city, but instead of the honks of horns or the bustle of passersby, all I could hear was birdsong. It came in every flavor—resonant coos, high-pitched cheeps, and alien notes that seemed to come from otherworldly instruments.
Much of New Zealand, including national parks that supposedly epitomize the concept of wilderness, has been so denuded of birds that their melodies feel like a rare gift—a fleeting thing to make note of before it disappears. But Zealandia is a unique 225-hectare urban sanctuary into which many of the nation’s most critically endangered species have been relocated. There, they are thriving—and singing. There, their tunes are not a scarce treasure, but part of the world’s background hum. There, I realized how the nation must have sounded before it was invaded by mammals.
For years, Republican politicians have attacked the mainstream press. With Roy Moore’s Senate bid, they’re facing the consequences.
All news is “fake news”—at least if you’re a diehard Roy Moore supporter.
With sexual misconduct allegations continuing to mount against the Republican Senate candidate in Alabama, Moore has defied calls to drop out of the race by advancing an audacious conspiracy theory—that partisan fabulists in the mainstream media are working with his enemies in the political establishment to wage a nefarious smear campaign against him. Not long ago, such claims likely would have backfired. But in the Trump era, anti-press sentiment has reached a fever pitch on the right—something candidates like Moore are eagerly exploiting.
Moore has not directly denied many of the specific allegations. Instead, he has sought to cast himself as the victim of a witch hunt and sow just enough doubt in the stories to muddy the waters in voters’ minds.
From Eve to Aristotle to Sarah Huckabee Sanders, a brief history of looking at half the population and assuming the worst
The picture was striking. The military airplane. The sleeping woman. The outstretched hands. The mischievous smile. The look what I’m getting away with impishness directed at the camera.
On Thursday, Leeann Tweeden, a radio host and former model, came forward with the accusation that Senator Al Franken, of Minnesota, had kissed her against her will during a 2006 USO trip to Kuwait, Iraq, and Afghanistan. In a story posted to the website of Los Angeles’s KABC station, Tweeden shared her experience with Franken. She also shared that photo. “I couldn’t believe it,” she wrote. “He groped me, without my consent, while I was asleep.”
I felt violated all over again. Embarrassed. Belittled. Humiliated.
How dare anyone grab my breasts like this and think it’s funny?
I told my husband everything that happened and showed him the picture.
I wanted to shout my story to the world with a megaphone to anyone who would listen, but even as angry as I was, I was worried about the potential backlash and damage going public might have on my career as a broadcaster.
But that was then, this is now. I’m no longer afraid.
The president’s jab at the Democratic senator for sexual harassment calls attention to his silence about Roy Moore—and his own past behavior.
President Trump jabbed at Senator Al Franken in a pair of late-night tweets Thursday, poking at a Democrat whose career is in danger over past sexual harassment, but calling attention to his silence about Alabama U.S. Senate candidate Roy Moore—and, moreover, to his own history, including his boasts about sexual assault.
On Thursday, radio host Leeann Tweeden wrote about two incidents during a 2006 USO tour to Iraq, Kuwait, and Afghanistan. In one case, she said Franken—a Saturday Night Live alumnus and comedian who was not yet a senator—forcibly kissed Tweeden against her will during a rehearsal for a skit. And after returning home from the trip, Tweeden received a CD of photos that included Franken either groping or pretending to grope her over a flak jacket as she slept.
How did Andrew Anglin go from being an antiracist vegan to the alt-right’s most vicious troll and propagandist—and how might he be stopped?
On December 16, 2016, Tanya Gersh answered her phone and heard gunshots. Startled, she hung up. Gersh, a real-estate agent who lives in Whitefish, Montana, assumed it was a prank call. But the phone rang again. More gunshots. Again, she hung up. Another call. This time, she heard a man’s voice: “This is how we can keep the Holocaust alive,” he said. “We can bury you without touching you.”
When Gersh put down the phone, her hands were shaking. She was one of only about 100 Jews in Whitefish and the surrounding Flathead Valley, and she knew there were white nationalists and “sovereign citizens” in the area. But Gersh had lived in Whitefish for more than 20 years, since just after college, and had always considered the scenic ski town an idyllic place. She didn’t even have a key to her house—she’d never felt the need to lock her door. Now that sense of security was about to be shattered.
While the leadership of both parties views sexual misconduct as a political problem to minimize, the Republican and Democratic bases could not be farther apart.
Earlier this week, New York magazine’s Jonathan Chait asked his fellow liberals to imagine that Roy Moore were a Democrat. “It’s easy to feel superior about this when opposition to grotesque treatment of teenage girls lines up neatly with your own party’s well-being,” he wrote. “If you’re a liberal, ask yourself what you would do if the circumstances were reversed.”
Thanks to Al Franken, we can now answer that question better. The details of each man’s offense differ: Moore is accused of pursuing teenager girls while he was in his 30s, and two women have accused him of sexually assaulting them when they were teenagers. Leeann Tweeden, a broadcaster for KABC in Los Angeles, said Franken kissed and groped her without her consent. Still, each party’s reaction is telling. Each is split, but in opposite ways.
Feminists saved the 42nd president of the United States in the 1990s. They were on the wrong side of history; is it finally time to make things right?
The most remarkable thing about the current tide of sexual assault and harassment accusations is not their number. If every woman in America started talking about the things that happen during the course of an ordinary female life, it would never end. Nor is it the power of the men involved: History instructs us that for countless men, the ability to possess women sexually is not a spoil of power; it’s the point of power. What’s remarkable is that these women are being believed.
Most of them don’t have police reports or witnesses or physical evidence. Many of them are recounting events that transpired years—sometimes decades—ago. In some cases, their accusations are validated by a vague, carefully couched quasi-admission of guilt; in others they are met with outright denial. It doesn’t matter. We believe them. Moreover, we have finally come to some kind of national consensus about the workplace; it naturally fosters a level of romance and flirtation, but the line between those impulses and the sexual predation of a boss is clear.
Recent allegations against the aspiring Alabama senator fit a long and complicated history of religious debates about sex.
Before this month, Roy Moore was best known nationally for refusing to remove a Ten Commandments monument from the Alabama state supreme-court building. Now, the aspiring senator is accused of hitting on teens at an Alabama mall and inappropriately touching a 14-year-old girl.
These allegations may be the end of Moore. Congressional Republicans have started disowning him, and he’s tentatively dropping in state polls. But it’s possible that the reputation of evangelical Christians willalso suffer. Despite condemnations from a number of nationallyprominent Christian leaders and a few in Alabama, many of the state’s faithful continue to back the controversial candidate.
To outsiders, the support might seem like a stark contradiction in values. Even to insiders, it can seem that way. “I’m … bothered,” wrote William S. Brewbaker III, a law professor at the University of Alabama, in The New York Times, “by what Mr. Moore’s popularity says about the sorry state of evangelical Christianity.”
A new lawsuit focuses on a district whose governing board is dominated by ultra-Orthodox Jews who send their kids to private schools.
As is the case in districts across the country, the racial composition of a school board in the New York City suburb of Ramapo doesn’t look anything like that of the predominantly nonwhite student population it serves. The news Thursday of a lawsuit challenging the district’s school-board election proceedings in attempt to change that might just seem like another effort to challenge the status quo.
But this case is a little different. It’s not just an equity-minded attempt to reform a seemingly flawed policy—it’s also an explosive development of a chaotic tale of cultural collisions and political dissonance that has been simmering for at least a decade.
The lawsuit, which was filed by the New York Civil Liberties Union and Latham & Watkins LLP in federal court, targets the election methods for board members in the East Ramapo Central School District. The lawsuit argues that the current system for electing school-board members denies the district’s black and Latino citizens the opportunity to fairly elect members.