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ADB on Hurley Hiring
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[QUOTE="UConnJim, post: 2657505, member: 1559"] The finances of UConn's athletic department are pretty transparent. Heck, you can find every little detail about direct revenues and direct expenses for every sport. What you can't find is the detail on the department overhead, but that's not unusual in financial statements I study. I did the math of the Hurley/Ollie contract above and if the settlement is $5 million spread over 5 years, the impact on the AD is very small and will certainly be offset with more revenues from men's basketball. UConn can't answer the total financial question about the impact of the Hurley hiring because they don't know what they will pay Ollie and over what time frame. If Ollie gets zero (doubtful), the net effect of hiring Hurley will be a financial gain for the athletic department. As for the student fees, you have to be careful when you study UConn's athletic department finances. Remember, the students pay a fee, but it is not a direct subsidy to the AD as they get benefits from that fee. For example, I believe intramurals are included in the athletic department expenses. And, it includes the use of UConn's athletic facilities for student activities and events ranging from intramural football to graduations to Huskython. The university subsidy has risen and UConn says they cover it with non-state and non-tuition funding. Sure, that is really just accounting, but state funding as a % of UConn's budget has been declining over time and it is now in the 27% range. So, if you assume 27% of the subsidy is covered by the state, that equals about $8 million. [/QUOTE]
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ADB on Hurley Hiring
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