In the summer of 2018 Kayvon Thibodeaux, who was then ranked as the top high-school football player in America, visited Florida A&M University, in Tallahassee. When a player of Thibodeaux’s caliber visits a perennial football power—say, Alabama—it’s called Wednesday. But when he visits a historically black college or university (HBCU) like Florida A&M, it threatens to crack the foundation on which the moneymaking edifice of college sports rests.

“I really just wanted to learn the history of FAMU,” Thibodeaux, a defensive end who received a scholarship offer from the school after his freshman year in high school, told me. “And I wanted to show there were more opportunities out there than just big-time Division I schools.”

Ultimately, and perhaps inevitably, Thibodeaux announced that he was going to one of the top football programs in the country, the University of Oregon. “Nobody wants to eat McDonald’s when you can get filet mignon” is how Thibodeaux put it. But over the course of the five months between his visit to FAMU and his decision to enroll at Oregon, Thibodeaux—who gushed about the historically black university on social media—galvanized alumni and boosted national awareness of the institution. It was a moment of hope for HBCUs, and it should have been a moment of fear for the predominantly white institutions whose collective multibillion-dollar revenues have been built largely on the exertions of (uncompensated) black athletes.

The NCAA reported $1.1 billion in revenue for its 2017 fiscal year. Most of that money comes from the Division I men’s-basketball tournament. In 2016, the NCAA extended its television agreement with CBS Sports and Turner Broadcasting through 2032—an $8.8 billion deal. About 30 Division I schools each bring in at least $100 million in athletic revenue every year. Almost all of these schools are majority white—in fact, black men make up only 2.4 percent of the total undergraduate population of the 65 schools in the so-called Power Five athletic conferences. Yet black men make up 55 percent of the football players in those conferences, and 56 percent of basketball players.

Black athletes have attracted money and attention to the predominantly white universities that showcase them. Meanwhile, black colleges are struggling. Alabama’s athletic department generated $174 million in the 2016–17 school year, whereas the HBCU that generated the most money from athletics that year, Prairie View A&M, brought in less than $18 million. Beyond sports, the average HBCU endowment is only one-eighth that of the average predominantly white school; taken together, all of the HBCU endowments combined make up less than a tenth of Harvard’s.

Why should this matter to anyone beyond the administrators and alumni of the HBCUs themselves? Because black colleges play an important role in the creation and propagation of a black professional class. Despite constituting only 3 percent of four-year colleges in the country, HBCUs have produced 80 percent of the black judges, 50 percent of the black lawyers, 50 percent of the black doctors, 40 percent of the black engineers, 40 percent of the black members of Congress, and 13 percent of the black CEOs in America today. (They have also produced this election cycle’s only black female candidate for the U.S. presidency: Kamala Harris is a 1986 graduate of Howard University.)

In a country where the racial wealth gap remains enormous—the median white household has nearly 10 times the wealth of the median black household, and the rate of white homeownership is about 70 percent higher than that of black homeownership—institutions that nurture a black middle class are crucial. And when these institutions are healthy, they bring economic development to the black neighborhoods that surround them.

Moreover, some black students feel safer, both physically and emotionally, on an HBCU campus—all the more so as racial tensions have risen in recent years. Navigating a predominantly white campus as a black student can feel isolating, even for athletes. Davon Dillard is a basketball player who transferred to Shaw University after Oklahoma State dismissed him for disciplinary reasons. “Going to a school where most of the people are the same color as you, it’s almost like you can let your guard down a little bit,” he told me. “You don’t have to pretend to be somebody else. You don’t have to dress this way, or do things this way. It’s like, ‘I know you. We have the same kind of struggles. We can relate.’ It’s almost like you’re back at home in your neighborhood.” Perhaps partly for this reason, black students’ graduation rates at HBCUs are notably higher than black students’ at other colleges when controlling for factors such as income and high-school success.

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