The NCAA announced Wednesday that it generated nearly $1 billion in revenue during the 2014 fiscal year, according to USA Today.
The exact revenue was amount was $989 million. About $700 million was a result of the media deal the organization has with CBS and Turner Broadcasting, primarily for the NCAA tournament.
The organization reached nearly $80.5 million in surplus for the year, which was the fourth consecutive year the surplus was more than $60 million and the largest surplus of the last 10 years, according to USA Today. It was also nearly $20 million more than the NCAA's surplus in 2013.
Of the NCAA's $908.6 million in expenses, it said $547.1 million of it was given to Division I schools and conferences.
- Molly Geary