NCAA

Until the 1956–57 academic year, the NCAA was a single division for all schools. That year, the NCAA split into the University Division and the College Division. In August 1973, the current three-division system of Division I, Division II, and Division III was adopted by the NCAA membership in a special convention. Under NCAA rules, Division I and Division II schools can offer athletic scholarships to students. Division III schools may not offer any athletic scholarships. Generally, larger schools compete in Division I and smaller schools in II and III. Division I football was further divided into I-A and I-AA in 1978, while Division I programs that did not have football teams were known as I-AAA. In 2006, Divisions I-A and I-AA were, respectively, renamed the Football Bowl Subdivision (FBS) and Football Championship Subdivision (FCS). In its 2022–23 fiscal year, the NCAA generated $1.28 billion in revenue, $945 million (74%) of which came from airing rights to the Division I men's basketball tournament.