How many programs are in the red because of their inability to scrap together a decent budget. There is no way an athletic department should take 20+ million a year to run unless you choose to spend in excess.
As far as the basketball vs. football argument goes, in actual gate and concession sales it's unlikely any FBS school makes more money on basketball. However, in an indirect sense there are programs that would have trouble maintaining conference membership and the resulting TV contracts without their basketball program.
Does anyone think Temple wouldn't still be in the Big East if they had been competing for basketball titles on a yearly basis during the late 90s?
Seriously, according to
this, Duke basketball pulled in $11mil but the AD as a whole generated $67mil. North Carolina comes the closest, with 1/3 of their revenue coming from basketball.
An aside, don't get in an argument with hatvol... he'd argue that the earth revolves around the moon with a brick wall until the wall collapsed out of frustration. Once he is committed to an argument, it would take an act of god to get him to budge on his position. Should go into politics.