I'm scratching my head while trying to understand why nonprofit College/University football teams merit a nonprofit status. It's not that I resent their revenue generating model nor that after all the payouts, the Colleges get some revenue. But what then claim nonprofit status? And for that matter, how does the NCAA College/University association) get tax exemption? What precisely does it do that benefits the public?
Let's look a bit at the numbers. Big League colleges pay non-league colleges for what are called Guarantee games to play a game at their home campus. When I say "pay" a for instance is where Ohio State paid Kent State $1.5 million for one of these games. Perhaps this is the reason for tax exemption - redistribution of the wealth. But Ohio State had $280 Million revenue in '22(according to NCAA via AP) so this isn't REALLY a redistribution of the wealth. And the NCAA earned $1.28 Billion in their '22-23 year.
Again, not that the NCAA doesn't serve a function. Nor that Colleges/University teams are "bad" for generating huge sums of money in the end of which something goes to support either other sports or academics. But revenues claimed as tax exempt? Hmmmm