This guy is wrong. Most athletic departments operate at a loss. Very few ever actually make money. Alabama did under Saban, I believe but that’s a rare exception.
This is wrong here’s why
1. College sports make billions while players risk injury that could paralyze at best, or kill at worst
2. NIL lets them earn from their own talent, same why as how the NFL works.
3. They have freedom now, they didn’t before.