The Pierre Capital Journal has printed a couple of my columns. Here's a link to one. It's on college sports. Here's a snippet.
In his new book “The King of Sports: Football’s Impact on America,” author Gregg Easterbrook notes that except for a very small handful of very elite institutions, most college athletic programs take money out of the general fund of the university to pay for sports. This is especially true of student activity fees which are used to fund athletic facilities that the average student is not allowed to use.
Ohio University economist Richard Vedder notes a Knight Foundation study of the 100 largest college athletic programs found that while those schools increased academic spending per student by 8 percent from 2005 to 2011, they increased athletic spending per athlete by 38 percent. The mean academic spending per student was about $13,000, while spending per athlete was about $96,000.
So while we complain mightily about the cost of college education, colleges are charging students to pay for athletics that are only tangentially related to actual education. As Easterbrook puts it, college athletics often acts as a not-for-profit business that takes money from tax payers and students to pay for its own operation, often paying employees quite well.
Hit the link and read the whole thing.