Revenue also flows from the sale of memorabilia and merchandising with school logos.

FORBES: Massive Coaching Salaries Are Justified

At a Dec. 23 press conference, Smith claimed the school first became aware of the memorabilia sales on Dec. 7.

FORBES: Coach Tressel's Hypocrisy, Deception Damaging To Ohio State

In August two of Cobain's early drawings--a cartoonish pencil sketch of Ronald Reagan done in a high school art class and a Christmas card created for his grandparents when he was 6--sold at a celebrity memorabilia auction in Monterey, Calif.

FORBES: The Art of Grunge