As I sat obediently watching another college football bowl game being played in front of a non existent crowd my mind drifted (as it often times does) as I tried to conjure up some possible way these games could possibly make financial sense to their promoters. What I found shocked me so profoundly I find myself writing a column on college football … something I would have bet anyone would never happen. My conclusion: These “Bowl Games” are one of the biggest, sanctioned, financial rip-offs of higher education dollars ever conceived by clear thinking people.
“Yeah we had a great season and earned the honor of playing in the NEW ERA PINSTRIPE BOWL and if we would have lost we would have gone to the Chick-fil-A BOWL, the FAMOUS IDAHO POTATO BOWL or the GILDAN NEW MEXICO BOWL!” So what! If I were an athletic director I would have been tempted to tell my team to lose the last few games or do something to be banned from post season play in order to save the students and the taxpayers from being fleeced by college football insiders who have taken the art of sanctioned theft, gift wrapped up and marketed it as an honor that college football teams should strive for…huh?
Let’s take a closer look…
The Miami News Herald described the Orange Bowl as “a rat’s nest of corruption and waste” Ostensibly a nonprofit, the South Florida organization that runs the game was named last year in a complaint to the IRS for spending $535,000 on gifts, $40,000-plus on golf outings, and more than a million bucks in salary for its top executives, all while giving only a fraction of the cash the festivities earn back to local charities” and that’s one of the good ones!
College football is the only sport that gives away its postseason revenues. The business model is akin to Walmart keeping its profits for the first ten months of the year and then letting Target pick up its holiday sales.
Check out this article detailing how college football hucksters and middlemen strip mine millions of higher education dollars out of well meaning universities to line their own pockets every single year supporting a system that is ill conceived at best and broken and criminal at worse.