NCAA Accidentally Shows All

A computer error reveals financials of NCAA Basketball.

Nash Herringtonby Nash Herrington

Don’t you just hate it when you leave your email up at work and someone comes along and shoots off rogue and embarrassing emails under your name. Well, someone at NCAA headquarter made a much bigger computer faux pas than that this week. They accidentally posted highly sensitive financial records of the NCAA’s profit and revenue streams. Oops.

Yeah, you’ve got to figure someone’s losing their job over this one. The NCAA accidentally left their SharePoint site unprotected allowing fans, media, and everyday goobers to have full access to their most privileged information.

The mistake was first spotted by Cats Illustrated, a popular Kentucky fan sight and then passed on to Deadspin who quickly downloaded a number of documents before the NCAA could fix access rights or remove sensitive information.

One revelation from this peak behind the curtain is that NCAA basketball had a revenue stream of $693.2 million in 2008. The majority of this money came from the Men’s basketball Final Four. Fifty-one percent of the money went back to D1 schools and $26 million went to a “general fund.” It also showed the NCAA had invested $356 million in a variety of financial markets.

Bottom-line, it’s always interesting to know the financials of institutions and doesn’t it somehow seem appropriate that the NCAA should make this information available anyway? I mean, we’re not talking about Blackwater here. We’re talking about a collegiate organization that profits off of student athletes. Second take away, lets all log off when we go to the bathroom today.

 

Photo Credit: ASSOCIATED PRESS