So how much does Jim Calhoun and the basketball program really bring in to the university? Calhoun claimed $12 million, but the Cool Justice Report digs up the reality that the number may be a lot less.
UConn men’s basketball generated $7.3 million in revenue and spent $6.1 million in 2007-08, according to information Athletic Director Jeff Hathaway and Assistant Athletic Director Maureen O’Connor filed with the U.S. Department of Education as part of its Equity in Athletics Analysis.
That’s interesting, since the U.S. Department of Education website says they only reported about $2.3 million in operating expenses.
The article speculates that the $12 million number may be for the men’s and women’s programs combined.
If you’d like a point of comparison, according to the U.S. Department of Education the Penn State football program brings in a stunning $53 million, and spends only about $1 million of that on operating expenses. Coach Joe Paterno makes about $500,000/year. Apples and oranges, I know, but both programs are the flagship programs of their respective universities.