A law firm hired by the NCAA concluded that it undervalues womens hoops by a huge margin - WSJ article below.
I believe the same report also concluded that the costs allocated towards womens hoops was off, i.e the womens tournament makes money when viewed as a standalone, but the NCAA allocates a bunch of outside costs to it, making it seem like it's a money loser.
Hard to believe softball doesn't suffer from the same underinvestment/misallocation of costs. The Yahoo article below talks about the opaque accounting.
NCAA is so corrupt.
NCAA reveals budget, revenue gulfs between men’s and women’s basketball tournaments
In a financial summary obtained by Yahoo Sports, the NCAA attempted to justify the disparity between the two tournament budgets.www.yahoo.com
(paywall)
NCAA Undervalued Women’s Basketball Tournament by Millions While Prioritizing Men’s Tourney, Report Finds
The NCAA has undervalued its annual women’s basketball tournament by tens of millions of dollars, according to a report by a law firm hired by the NCAA.www.wsj.com
I have no doubt that there has been "Creative Accounting" from the beginning.
The NCAA wildly difference in treatment is also disgusting.