You guys seem to think not having athletic scholarships will end college sports, which is not the case high school athletes are not developed enough to go pro right away with the exception of like 5 a year. People who want to play pro sports would still have to play somewhere to develop their skills before going pro and unless new leagues develop for kids between 19-22 the NCAA will continue to be the best place for the athletes. Every D1 school in the country has club teams and intramural programs for students who still want to play sports while in college, and none of them are getting scholarships.
Here are a few quotes from the NCAA about revenue and sports
"The median negative net generated revenue moved from $5,907,000
in 2004 to $6,231,000 in 2005 and $7,121,000 in 2006 – all representing expenses in excess of generated revenues." ....so the average program lost over $7 million in 2006
"No athletics programs reported positive net generated revenues in
2004 or 2006, while one institution reported net revenues in 2005.
The average negative net generated revenue (expenses in excess of
generated revenues) in 2006 was $7,121,000. The net losses have
increased steadily over the three year period. (4.5)" ....So in a 3 year period only one school made a profit in 1 year
"Only 4% of football programs and 8% of men’s basketball programs
reported net generated revenues (surpluses) for 2006, which is rather
consistent over recent years. (4.6) These net generated revenues are
minimal." ....that is less than 10 schools that have profitable football programs per year.
8% of revenue is from contributions
No D1 2A schools made money from 2004-2006 and on average lost over $6 million.
http://www.ncaapublications.com/productdownloads/RE2008.pdf
Athletic programs are not profitable, and keep in mind those figures come directly from NCAA who has every reason to make athletics seem profitable but even they cannot make athletics look like a good business.
Gobias the problem with that is the NCAA has no power outside of college sports and the government would not interfere with private business like that. Although I see no problem with schools writing in athletic scholarships that if the student leaves school early to go pro then they have to pay back all of the benefits they recieved.