Cryptic crossword clue
Extravagance of academic American, one getting on 9

The most common and most likely answer to this crossword clue is the 9 letter word PROFUSION

I've seen this crossword clue in Financial Times
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The straight part
We know that "Extravagance" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case extravagance = profusion.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does PROFUSION mean?

PROFUSION noun
  1. Abundance; the state of being profuse; a cornucopia
  2. Lavish or imprudent expenditure; prodigality or extravagance

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