I've read less than 25 schools actually make money.Colleges are not making money from soccer. Why would they pay athletes who do not produce profit? Redistribution of wealth from profitable football to unprofitable soccer sure sounds like socialism
According to this 2019 report, most universities lose money on athletics. There are only 25 profitable Division I programs; the rest lose roughly $16 million every year. All of the schools in Division II or Division III have consistently reported financial losses from athletics over the past 16 years. Division III colleges and universities like my former employer have lost more, on average, over time despite the prevailing attitude that colleges simply can’t survive without sports. According to the NCAA, Division III schools lost $1.6 million on athletics, on average, in 2005. By 2020 that annual deficit — the true cost of Division III athletics — had grown to $3.9 million. This seems bonkers in a climate where the only thing parents seem to care about is the return on investment in their child’s degree. As my friend Bob likes to say, how many world-class researchers or writers — Nobel and Pulitzer winners — could be supported by $16 million a year at a flagship university? I know, I know, those professors wouldn’t be drawing huge television contracts to partially offset their cost. Even so, the scale of spending on athletics in a climate of faculty layoffs and hiring freezes is obscene.
Why we are even discussing this about soccer is beyond me. I care about the 95% of the schools at all division levels that barely get by with college soccer. Multiple friends daughters on her team and other college teams are happy to be getting money for college to play soccer. There isn't going to be more money for them. This is about football and basketball.