23 March 2013

During the weekend edition sports coverage of the NCAA March Madness basketball tournament today (3/23/13), Tom Goldman said that Harvard was "buying big into sports" and that it was using its large endowment to win sports games.  I find this terribly irresponsible reporting, as according to this New Yorker interactive, Harvard is the 6th cheapest basketball program in the tournament. 

 
This coverage showed a real divergence from the facts.  Does Harvard have a big endowment? Yes.  Has it maybe even increased spending on athletics recently?  Possibly, I don't know.  However, it is unfair to compare its athletic budget as "buying games" when compared with many teams in this competition.