March Madness

By Econ70 | 03/13/2015

The Friday File: While the NCAA college basketball tournament may or may not cost the economy money in lost worker productivity and sales, the sure losers are the 99% of Division I college players that don’t make the NBA. They work for a “benevolent” monopolist that strictly prohibits the players from monetizing their talent and…

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March Madness

By Econ70 | 03/21/2012

In ’11, March Madness earned the NCAA $548 million from TV rights and $40 million from ticket sales; 96% of all NCAA revenue. And, in 05-06 (the latest year for which data are available) the average salary for the 65 coaches in the Big Dance averaged $960,000. Yet, the schools do dismally. Again for the…

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