When we think of money and college sports, we tend to think only about basketball and football. In fact, defenders of the excesses we see in those sports – with respect to salaries to coaches and university expenditures – argue that these sports are necessary to support all the other teams universities field. People often argue that outside of football and basketball, athletes in other sports don’t generate enough revenue to justify their scholarships.
A recent paper by Leo Kahane (editor of the Journal of Sports Economics) challenges this line of thinking. Kahane’s paper looks at college hockey, which will hold the Frozen Four this week in Tampa, Florida (really, Tampa). This is college hockey’s championship, an event which doesn’t get quite the same attention as the NCAA Final Four for men and women. (Perhaps also because people don’t associate hockey with Tampa?)