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Good piece on the reality of bowls and finances. The whole thing is a big scam.

They are all setup as charitable organizations but only give away a very small percentage.

$261M in 2009/2010 and gave away to the needy $4M.

Sugar bowl made several $$MM and gave away only 1%. Sugar Bowl was collecting for $6M in tax payer subsidies.

Salaries:
Outback Bowl - CEO -- $700K
Orange Bowl CEO - 500K
Cotton Bowl CEO - 500K
Fiesta Bowl/Insight Bowl (fired) - John Junker - $500k and $184K

Summer Splash/Orange Bowl -- a Cruise for AD's, bowl executives, TV execs - meeting -- 4 day cruise, trip to island, Bahamas Atlantis -- with wives.

Fiesta Bowl giving to Political contributions.
Sugar Bowl giving to Louisiana political contributions

those aren't scams, that's how most, if not all, charitable organizations operate. like it or not. it's expensive to run a business. SMU is a non-profit too. btw.

Old news the book Kill the BCS had all of this information. The saddest thing about the whole deal is that it is not even about the money. Its just about power and perks for some select individuals (ie bowl execs, and conference officials) If there was a playoff there would be so much more money that you could share it with every d1 football school and none would have to operate at a loss.

Way to build character NCAA, lead by example.

Dutch wrote:those aren't scams, that's how most, if not all, charitable organizations operate. like it or not. it's expensive to run a business. SMU is a non-profit too. btw.

yes, the entire BCS is a scam and so is the bowl system.

Obviously there is a ton of wasteful spending at these bowls but the Sugar bowl numbers you give do not reflect the economics accurately. I don't believe that it made $72M in profit.

When you factor in guaranteed ticket sales, tv contracts, corporate sponsorships, state supplements...they do. Otherwise, how could they justify their $14-16M payouts, per team?

72M in revenue might be plausible, but the bowls dont take that home with them. Without a rotating NC game, some BCS bowls are in the red.