Other schools spend big bucks on their teams.

The Wall Street Journal reports.

We’re Glad We Say No to College Football

The spectacle of the NCAA national-championship game Jan. 11 in Glendale, Ariz., between Clemson University and the University of Alabama is sure to inspire fresh dreams of prosperity and prominence at many universities.

That’s too bad, because for all but a handful of schools the cost of a prime-time sports program will always exceed revenues. Yet many universities are spending tens or even hundreds of millions to build football stadiums and training facilities, shelling out millions more to attract star coaches.

In the past five years public universities have allocated more than $10.3 billion in student fees and other subsidies to prop up sports programs, according to a November examination by the Huffington Post and the Chronicle of Higher Education. A study released last year by the American Association of University Professors found that athletic spending increased by 25% at public four-year colleges between 2004 and 2011, adjusted for inflation. Funding for instruction and academic support remained nearly flat. The study also found that the median pay for NCAA Division I football head coaches increased 93% between 2006 and 2012. Median pay for professors rose a mere 4%.