By Krista Faron and Nikki Werking
Staff Writers
UNC earned the position of No. 1 in licensing revenue among 175 schools for 2000, according to a report presented at Thursday's Board of Trustees meeting.
The report prompted BOT chairman Tim Burnett to say that student groups protesting labor practices in factories where products bearing UNC's logo are made should consider the benefits licensing revenue provides the University.
A large percentage of the revenue goes to scholarships available to all students.
Director of Auxiliary Services Rut Tufts said the University made nearly $3 million from royalties this year -- a $1 million increase from the normal annual revenue. Tufts said UNC's logo might have become more fashionable this year because of rappers like Petey Pablo. "Rappers on MTV have a greater effect than the athletic teams," Tufts said.
Twenty-five percent of licensing revenue garnered by the Collegiate Licensing Company is reserved for general athletic operations funds.
Seventy-five percent is devoted to scholarships open to all students. Following the report at Thursday's meeting, Burnett said student labor rights groups, such as Students for Economic Justice, should be concerned with the benefits these revenues bring UNC.