In terms of being net revenue positive, I'm about researched out on this.
In several posts over the last couple of years I've linked to various studies, articles, etc on overall athletic programs the results I come up with are always the same...
* Less than 50% of FBS football programs are net revenue positive (some studies show that actual percentage as low as 20%)
* These profitable programs are predominantly the "big time" schools one would expect
* There is debate on what "revenue" means as it can include some forms of subsidies
* There is debate on what expenses are booked against non-football accounts (eg game-day extra security, dedicated gyms, etc)
* The SA's financials are often excluded from the lists/studies
Again, I invite anyone with an actual "all in" accounting/study for the SA's athletic programs to weigh in here as I cannot find any definitive evidence they make money.
If I were forced to make the case they are profitable, the BEST piece of evidence I can find is that in a record year 2013 the median FBS football program returned just over $3million in net revenue...
http://www.ncaapublications.com/productdownloads/D1REVEXP2013.pdf So one has to convince themselves that our little SA's somehow are above the average on this scale as compared to the Alabama, Texas, {insert any big time FBS program}. If... IF... you can make that leap and IF you believe that the unavailable financials account for revenues AND costs accurately instead of booking things like IC-only gyms to general accounts, etc then I suppose we might turn a profit on football.
Personally, I am not convinced by that argument. Maybe you are.