a lot of that revenue is due to sponsorships, lack of parity due to some political reasons, and the relationship between the MLB-college sports compared to other sports and their professional and amateur components. But seriously how many Alabama women's basketball or Alabama hockey (yes we have a hockey team) games have you seen on tv compared to baseball? For an Alabama fan baseball probably ranks 5th on their support behind gymnastics and softball, but again ask a MSU, Vandy, South Carolina, and LSU fan where baseball ranks and they are probably far higher on baseball than an Alabama or Auburn fan.In FBS, baseball averages 5th in school revenue: https://www.businessinsider.com/college-sports-football-revenue-2017-10
It's just not a money-maker.
ETA: also: https://matlabgeeks.com/sports-analysis/ncaa-expenses-and-revenue-across-gender-and-sport/
The big issue with college baseball is that only a handful of teams have a realistic shot at making it to an 8 team tournament, and the rest are just hoping for a #4 seed in 1 regional in a 64 team tournament. Alabama fans really are just hoping to make it to Hoover every year in the hardest conference in baseball. So we are probably having a half full stadium on a good day. That is the fate of 90% of the programs in NCAA baseball before the 1st pitch is thrown in the season. But for that other 10% (MSU, Vandy, LSU, Florida, Arkansas, UCLA, Oregon St, Miami, and Texas) they do pretty well.
Point is yes its not an overall moneymaker, but it is well supported depending on who you are talking about.
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