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.
Angela Merkel has served formal notice that she will lead the German wandering away from the American alliance.
Seven years after the end of the Second World War, on the 10th of March 1952, the governments of the United States, the United Kingdom, France, and the newly established Federal Republic of Germany received an astounding note from the Soviet Union.
The Soviet Union offered to withdraw the troops that then occupied eastern Germany and to end its rule over the occupied zone. Germany would be reunited under a constitution that allowed the country freedom to choose its own social system. Germany would even be allowed to rebuild its military, and all Germans except those convicted of war crimes would regain their political rights. In return, the Allied troops in western Germany would also be withdrawn—and reunited Germany would be forbidden to join the new NATO alliance.
She lived with us for 56 years. She raised me and my siblings without pay. I was 11, a typical American kid, before I realized who she was.
The ashes filled a black plastic box about the size of a toaster. It weighed three and a half pounds. I put it in a canvas tote bag and packed it in my suitcase this past July for the transpacific flight to Manila. From there I would travel by car to a rural village. When I arrived, I would hand over all that was left of the woman who had spent 56 years as a slave in my family’s household.
A new study finds that people today who eat and exercise the same amount as people 20 years ago are still fatter.
There’s a meme aimed at Millennial catharsis called “Old Economy Steve.” It’s a series of pictures of a late-70s teenager, who presumably is now a middle-aged man, that mocks some of the messages Millennials say they hear from older generations—and shows why they’re deeply janky. Old Economy Steve graduates and gets a job right away. Old Economy Steve “worked his way through college” because tuition was $400. And so forth.
We can now add another one to that list: Old Economy Steve ate at McDonald’s almost every day, and he still somehow had a 32-inch waist.
A study published recently in the journal Obesity Research & Clinical Practice found that it’s harder for adults today to maintain the same weight as those 20 to 30 years ago did, even at the same levels of food intake and exercise.
The condition has long been considered untreatable. Experts can spot it in a child as young as 3 or 4. But a new clinical approach offers hope.
This is a good day, Samantha tells me: 10 on a scale of 10. We’re sitting in a conference room at the San Marcos Treatment Center, just south of Austin, Texas, a space that has witnessed countless difficult conversations between troubled children, their worried parents, and clinical therapists. But today promises unalloyed joy. Samantha’s mother is visiting from Idaho, as she does every six weeks, which means lunch off campus and an excursion to Target. The girl needs supplies: new jeans, yoga pants, nail polish.
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At 11, Samantha is just over 5 feet tall and has wavy black hair and a steady gaze. She flashes a smile when I ask about her favorite subject (history), and grimaces when I ask about her least favorite (math). She seems poised and cheerful, a normal preteen. But when we steer into uncomfortable territory—the events that led her to this juvenile-treatment facility nearly 2,000 miles from her family—Samantha hesitates and looks down at her hands. “I wanted the whole world to myself,” she says. “So I made a whole entire book about how to hurt people.”
Should you drink more coffee? Should you take melatonin? Can you train yourself to need less sleep? A physician’s guide to sleep in a stressful age.
During residency, Iworked hospital shifts that could last 36 hours, without sleep, often without breaks of more than a few minutes. Even writing this now, it sounds to me like I’m bragging or laying claim to some fortitude of character. I can’t think of another type of self-injury that might be similarly lauded, except maybe binge drinking. Technically the shifts were 30 hours, the mandatory limit imposed by the Accreditation Council for Graduate Medical Education, but we stayed longer because people kept getting sick. Being a doctor is supposed to be about putting other people’s needs before your own. Our job was to power through.
The shifts usually felt shorter than they were, because they were so hectic. There was always a new patient in the emergency room who needed to be admitted, or a staff member on the eighth floor (which was full of late-stage terminally ill people) who needed me to fill out a death certificate. Sleep deprivation manifested as bouts of anger and despair mixed in with some euphoria, along with other sensations I’ve not had before or since. I remember once sitting with the family of a patient in critical condition, discussing an advance directive—the terms defining what the patient would want done were his heart to stop, which seemed likely to happen at any minute. Would he want to have chest compressions, electrical shocks, a breathing tube? In the middle of this, I had to look straight down at the chart in my lap, because I was laughing. This was the least funny scenario possible. I was experiencing a physical reaction unrelated to anything I knew to be happening in my mind. There is a type of seizure, called a gelastic seizure, during which the seizing person appears to be laughing—but I don’t think that was it. I think it was plain old delirium. It was mortifying, though no one seemed to notice.
As Republicans in Congress try to fend off the flurry of scandals, they are haunted by a question: Is this as good as it’s going to get?
The speaker of the House strode to his lectern on a recent Thursday to confront another totally normal day on Capitol Hill: health care, tax reform, a president under investigation, rumblings of impeachment.
“Morning, everybody!” Paul Ryan chirped. “Busy week!”
It was indeed: Less than a day had passed since the appointment of a special prosecutor to investigate Russia’s involvement in the presidential campaign; just a few hours since President Trump angrily tweeted that the investigation was “the single greatest witch hunt of a politician in American history!”; and only minutes since the Russia-linked former national-security adviser, Michael Flynn, had begun defying congressional subpoenas. A few days prior, the president had been accused of revealing sensitive intelligence information to the Russian foreign minister.
In his new book, Ben Sasse has identified the right project for America: rehabilitating a shared moral language.
In just two short years, Senator Ben Sasse has gone from Capitol Hill newbie to digital president puncher, tweeting about Donald Trump’s affairs and the Midwestern dumpster fires he found more appealing than 2016’s Oval Office contenders.
Yet, on his breaks from Twitter, Sasse managed to craft a serious new book, The Vanishing American Adult. It advances a thesis that’s at once out of place at this political moment and almost too on-the-nose for the Trump years: He believes Americans have lost their sense of personal integrity and discipline. For the country to deal with the troubles ahead—including automation, political disengagement, and the rise of nativist, huckster politicians, he says—people must recover their sense of virtue. The republic depends on it.
Facing reported financial problems and allegations of abuse, the once-bankable star now seems stuck in franchise hell with no obvious exit.
When Johnny Depp sailed onscreen in 2003’s Pirates of the Caribbean: The Curse of the Black Pearl as Captain Jack Sparrow (to this day, a memorable superhero entrance), it was his first-ever appearance in a summer blockbuster. He’d been in surprise wintertime hits (Edward Scissorhands, Sleepy Hollow), well-regarded Oscar players (Donnie Brasco, Chocolat), and, of course, many a cult classic (Fear and Loathing in Las Vegas, Ed Wood). But the idea of Depp headlining a big-budget, mainstream franchise film was alarming enough to Disney’s then-studio head Michael Eisner that he protested, on seeing early footage, that Depp was “ruining the movie!”
Fourteen years later, Disney is serving up a fifth Pirates of the Caribbean, this time subtitled Dead Men Tell No Tales, budgeted at a cool $230 million. Since bursting into international superstardom with the first Pirates, Depp has become increasingly reliant on mega-budgeted action films and broad comedies. At the same time, his public profile has collapsed after his now ex-wife Amber Heard accused him of domestic violence during their divorce, and stories emerged of the mega-budgeted lifestyle that had somehow mired Depp in deep financial trouble despite his movie earnings.
It’s known as a modern-day hub of progressivism, but its past is one of exclusion.
PORTLAND, Ore.— Victor Pierce has worked on the assembly line of a Daimler Trucks North America plant here since 1994. But he says that in recent years he’s experienced things that seem straight out of another time. White co-workers have challenged him to fights, mounted “hangman’s nooses” around the factory, referred to him as “boy” on a daily basis, sabotaged his work station by hiding his tools, carved swastikas in the bathroom, and written the word “nigger” on walls in the factory, according to allegations filed in a complaint to the Multnomah County Circuit Court in February of 2015.
Pierce is one of six African Americans working in the Portland plant whom the lawyer Mark Morrell is representing in a series of lawsuits against Daimler Trucks North America. The cases have been combined and a trial is scheduled for January of 2017.
Some firm handshakes, forced smiles, and awkward sword dances. In short, nothing.
Let’s hear it for the Rainbow Tour It’s been an incredible success
We weren’t quite sure, we had a few doubts
Will Evita win through?
But the answer is yes
There you are, I told you so
Makes no difference where she goes
The whole world over just the same
Just listen to them call her name
And who would underestimate the actress now?
—Andrew Lloyd Webber and Tim Rice, Evita
Like Donald Trump, Juan and Eva Perón were populists. They seem to have shared Trump’s understanding of the purposes of philanthropy (for more, read up about the Eva Perón Foundation) and the importance of fiscal probity. And like Eva in 1947, Donald Trump has just completed a glitzy overseas trip.
It had ample farcical episodes: the Saudi king, the dictator of Egypt, and the president of the United States placing their hands on a glowing orb that evoked for some a lampoon of Lord of the Rings. The secretary of state assuring us that no one overseas was paying attention to Trump’s domestic troubles (palpably, indeed laughably, untrue) even as his spokesman excluded the American press from a briefing attended by the considerably more docile reporters of the Kingdom of Saudi Arabia. The national-security adviser insisting, “The entire trip is about human rights, about all civilized people coming together to fight the hatred”—an odd remark to make in a country that lops the hands off thieves and the heads off apostates. The commerce secretary, in one of his more witlessly thuggish remarks, observing complacently about urban Riyadh: “There was not a single hint of a protester anywhere there during the whole time we were there.” And then there were the video clips: Melania flicking away her husband’s groping hand and the Leader of the Free World giving the prime minister of little Montenegro a good hard shove.