There is now a for-profit university entering NCAA Division I ranks

?Mueller?s company, Grand Canyon University, in Phoenix, is in the process of becoming the first-ever for-profit university to join the NCAA?s Division I ranks. The Antelopes (hence, the ticker symbol) accepted an invitation to the WAC last December when the oft-raided league was on life support. On July 1 they became official members, beginning a four-year transition period from Division II to Division I

The presidents of the Pac-12 ? including one in particular ? are none too pleased about it.

The conference?s 12 presidents signed and delivered?a letter dated July 10?urging the NCAA?s Executive Committee to ?engage in further, careful consideration? about allowing for-profit universities to become Division I members at the committee?s August meeting. In the meantime, Pac-12 presidents decided at a league meeting last month not to schedule future contests against Grand Canyon while the issue is under consideration.

?A university using intercollegiate athletics to drive up its stock value ? that?s not what we?re about,? Arizona State president Michael Crow said in a phone interview over the weekend. ?? If someone asked me, should we play the Pepsi-Cola Company in basketball? The answer is no. We shouldn?t be playing for-profit corporations.?

There is more information here, and the hat tip goes to Tim Johnson on Twitter.

Source: http://feedproxy.google.com/~r/marginalrevolution/feed/~3/o7HskMXCPUE/there-is-now-a-for-profit-university-entering-ncaa-division-i-ranks.html

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