Originally Posted by
The Historian
As I understand it, the NCAA doesn't require schools to report capital expenditures or revenues, just operating expenditures and revenues. ASU's athletic department books will look different from what they report to the NCAA, which is done online in a dedicated system the NCAA has set up for just this purpose. In other words, the school's income statement - if they've raised capital for non-operating purposes - should differ from what's keyed into the system.
Can you imagine what Texas A&M's numbers would have looked like in 2014 and 2015 with the rebuild of Kyle Field if they had included those numbers.