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March Madness: The Value Of College Sports

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College sports are so popular in the world in which we live in nowadays, that they generate $11 billion every year in revenues. Over fifty colleges reports revenues over $50 million per year. Even more impressive, five separate colleges report revenue that exceeds $100 million. These are several different ways that these large sums of money are created, ticket sales, sponsorship rights, the sale of broadcast rights, and the sale of apparel and souvenirs. The NCAA recently sold its broadcast rights to the yearly men's basketball tournament, better known as March Madness for an incredible amount of upwards of $770 million for just one season. Conferences such as the Pac 12 and Big 10 have created their own television networks to televise their

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