Monday, November 2, 2009

11/02/09

The article "Megabucks" is about colleges raising money to be able to compete in sports. It also talks about how much money the college pays in order for the athletes to compete in the sport. The school spends $110,000 on each of its 980 athletes. It talks about the percentage of attractions the colleges get for each of the sport. OSU games routinely attract 60% of all local viewers. The schools or colleges bring in money by people who go to the sport have to pay to be able to view or see them play and that's how the college or school brings in the money because if that particular sport gets popular enough, they will raise a lot of money for the college. They make most of the money by football and basketball. But some sports also bring in money but not as much as college football and basketball. The UF football team brought in over $100 million a year into the local economy, with more than a third coming from fans' spending on hotels, food, parking and shopping.

The schools or colleges are spending the money in a very positive way. A significant chunk of the athletic department's budgets is spent in ways that will benefit the school's general fund. The athletic department will spend $12 million on scholarships or "grant an aid" to pay for an athletes tuition. It is very important to have a strong football program because that is where all the money for tuition and scholarships and "grant an aid" comes in. The football team makes enough money to help out the school in any money situation because if the football team gets popular enough, the fans' and even the enemy will show up and pay to get in and make the school get even more money and it helps out the money. In my opinion, i believe that it is good to have a football team to earn the school more money because it gives the school popularity and money for the school to be better. In conclusion, the college gets money and it puts toward the school and the college earns percentages and millions of dollars.

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