The sports finance landscape changes too dramatically for you to link 3 or 4 year old articles as present-day fact. Even GPs link is two years old and there have been big revenue jumps since then. I wish we had clearer numbers for college football programs alone for present day revenue numbers with current TV deals. Is there a recent link with just football program revenue vs expenditures? I can't find one.

To be fair, the programs that are more profitable also have more money pumped into them, and those that are less profitable have less money put into them. So yes, many of them are unprofitable, but it also seems like the less profitable ones have much smaller costs. Of course, the school's budgets at those schools might be smaller too, but...