9/28/2011: Today in the the Chronicle:
In all, the NCAA took in $741-million in the 2009-10 fiscal year, up from $706-million the previous fiscal year. As a nonprofit organization, the NCAA is not required to pay taxes on its revenues.
Their job is riding shotgun on the gravy train for the coaches and AD employees at the universities. The biggest threats to the cartel? Some student’s mom getting a free ticket to visit campus, and some coach slipping an $8 an hour street agent $25,000 on the side to deliver a few players.