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Rick Pitino and Tom Jurich


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They also uncovered that the UofL athletic department doesn't even turn a profit.

 

Take "turn a profit" with a grain of salt when talking about college athletic departments. You don't turn a profit if you spend all of your money, and due to amateurism rules, schools are actually incentivized to spend everything so as to claim they have nothing to pay players or potentially have to pay taxes (if rules and/or tax laws were ever changed).

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Take "turn a profit" with a grain of salt when talking about college athletic departments. You don't turn a profit if you spend all of your money, and due to amateurism rules, schools are actually incentivized to spend everything so as to claim they have nothing to pay players or potentially have to pay taxes (if rules and/or tax laws were ever changed).

 

But UofL and some of their fans have bragged about how they were the most profitable Men's basketball program in the country for years now. They weren't trying to hide it, in fact they told anyone that would listen...then it comes out the University had to cover $7,000,000 of their operations :no:

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