In 1905 alone, 18 collegiate athletes died as a result of football games (Waterson, 2000). Due to public outrage and people calling for the abolition of football, there was a growing need for a regulatory body to set commonly accepted rules and standards. As a fan of football himself, President Theodore Roosevelt hosted a pair of conferences to determine the best way to govern the multiple sports. In 1906, with 62 higher education institutions serving as charter members, the Intercollegiate Athletic Association of the United States (IAAUS) was formed (Smith, 2000). The IAAUS would eventually become the NCAA in 1910 and serve as a committee charged with making and enforcing rules within the multiple inter-collegiate sports. In 1921, the National Collegiate Track and Field Championship was created which would eventually set a precedent for the other collegiate sports (Copeland, 2006). As the years went on, rapid growth and expansion of the NCAA spurred the formation of more committees and more championships. After many years of diverse problems, ranging from World War 1 to financial aid and recruitment issues, combined with an ever growing membership base, the NCAA established a headquarters with an appointed chairman to oversee and guide the organization into the …show more content…
The NCAA and member colleges are making more money than they ever imagined when they set the standard of a scholarship being a fair deal for participation in college sport decades ago. In 2014, the NCAA generated nearly $1 billion in revenue. The total revenue of $989 million was generated mostly from its long-term multimedia and marketing right fees regarding the D1 men’s basketball tournament, better known as March Madness. The remaining revenue is generated from championships, investment income, sales and services. Of the $989 million in revenue, the NCAA distributed over $835 million back to its member institutions and programs and still ran a surplus of over $80 million after accounting for management, administrative, and general expenses (NCAA,