Like anything else in college athletics, it's hard to pin down the numbers on baseball. I suspect that $700k loss figure is probably right for that particular year, if you are talking about comparing costs to baseball specific revenue (ticket sales, advertising, etc.). However, I'm not sure that accounts for all revenue that is attributable to baseball. For example, do you credit baseball with any SECN revenue? Sure, football is the big draw, but the way SECN makes money on monthly cable subscriptions means that baseball is the chief programming source for about 2.5 months (once basketball winds down), and subscription rates are the same in the spring as they are in the fall. I'm also not sure how they count the radio contract money--is that all covered under one master contract (I think it is for A&M)? If so, is there any breakout for baseball, or is it just a lump sum.
Regardless of all the accounting minutiae, I think it's safe to say that, at best, baseball at A&M might break even over the long term.