NCAA’s billion dollar balloon

The NCAA landed nearly $1.1 billion in annual revenue during the 2017 fiscal year, according to an audited financial statement released by the entity Wednesday, per USA Today. That number marks the first time in association history it has surpassed the $1 billion threshold, with the statement also showing more than $956 million in expenses in the 2017 fiscal year, The rise in revenue came as a result of increases from TV and marketing fees in addition to investment income and increased revenue from championship events, according to the report.

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