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Andrew Urbaczewski, Professor of Business Information and Analytics, University of Denver

The nonprofit status of NCAA athletic departments is starting to raise questions

NCAA Yaxel Lendeborg United States IRS University of Michigan Greg Williams March madness Basketball Football Michigan State University
University of Michigan star forward Yaxel Lendeborg revealed that he'd been offered millions of dollars to transfer to another school. Gregory Shamus/Getty Images

With all the talk of busted brackets, game-winning shots, point spreads and Cinderellas, it was easy to miss the eye-popping offer University of Michigan star forward Yaxel Lendeborg claimed to have received during the first weekend of March Madness.

Lendeborg told The Associated Press that the University of Kentucky had dangled between US$7 million and $9 million to entice him to transfer there in 2025.

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