Athletic survival? Get well-endowed

Schools are finding revenue streams in private endowments of athletic scholarships

Originally Published: December 23, 2009
By Mike Fish | ESPN.com

The good-guy story begins with a big check, three years before Braylon Edwards, in a not-so-benevolent moment, allegedly decked a scrawny pal of NBA kingpin LeBron James outside a Cleveland nightclub in an early-morning incident in October that hastened Edwards' exodus from the Browns to the New York Jets.

To the bean counters at the University of Michigan, who have been the beneficiaries of Edwards' largesse since 2006, that little dustup on the banks of Lake Erie no doubt was ...

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