WOW! CONGRESS ASKS NCAA TO JUSTIFY TAX-EXEMPT STATUS

From the story: Thomas noted that the annual returns filed by the NCAA with the IRS states that the primary purpose of the NCAA is to "maintain intercollegiate athletics as an integral part of the educational program and the athlete as an integral part of the student body." But he said corporate sponsorships and big television deals - he mentioned a $545 million deal with CBS for television coverage of the NCAA men's basketball tournament - have led many to believe that major college football and men's basketball more closely resemble professional sports.

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