OT UAB Eliminate Football | The Boneyard

OT UAB Eliminate Football

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Bonehead

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http://espn.go.com/college-football...pped-financial-reasons-made-money-study-finds
Seems like it was strictly NOT about $$.

"We find that the three sports in question did not cost the university anywhere near the $3.75 million indicated on UAB's accounting statements," wrote Dan Rascher and Andy Schwarz, partners of Bay Area firm OSKR. "Instead, after making the sort of adjustments suggested by the economics literature, we conclude that the three sports were effectively break-even to slightly positive. Football and bowling showed a modest positive return for 2013-14, the last year for which complete data was available. Rifle showed a deficit, but the three-sport balance was positive to the tune of $75,000."


Does UConn have a bowling team?
 
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http://espn.go.com/college-football...pped-financial-reasons-made-money-study-finds
Seems like it was strictly NOT about $$.

"We find that the three sports in question did not cost the university anywhere near the $3.75 million indicated on UAB's accounting statements," wrote Dan Rascher and Andy Schwarz, partners of Bay Area firm OSKR. "Instead, after making the sort of adjustments suggested by the economics literature, we conclude that the three sports were effectively break-even to slightly positive. Football and bowling showed a modest positive return for 2013-14, the last year for which complete data was available. Rifle showed a deficit, but the three-sport balance was positive to the tune of $75,000."


Does UConn have a bowling team?

You're reading a claim by consultants in the O'Bannon case.
 

Fishy

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Meaning...?

Meaning that the group that produced that report has an interest in creating the illusion that all of college sports is a cash cow.
 
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Meaning that the group that produced that report has an interest in creating the illusion that all of college sports is a cash cow.

Hey, Upstater. Where's Andrew Zimbalist on this? :rolleyes:
 
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OK, UAB makes money hands over fist, but the Prez is a Bama football fan. Yer right.

Easy, just kidding. I'm sure one set of books reflects legitimate accounting practice. The other reflects Standard Accounting Practice (SAP) for Athletic Departments.

As an OT aside, I think it's ironic that a recognized expert Economist in finance related college athletics can't be used by either side in the above referenced lawsuit. One side doesn't like what he says. The other, the NCAA, doesn't want anyone to hear what he says.
 
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Easy, just kidding. I'm sure one set of books reflects legitimate accounting practice. The other reflects Standard Accounting Practice (SAP) for Athletic Departments.

As an OT aside, I think it's ironic that a recognized expert Economist in finance related college athletics can't be used by either side in the above referenced lawsuit. One side doesn't like what he says. The other, the NCAA, doesn't want anyone to hear what he says.

It is indeed a problem mainly for the NCAA that they can't defend themselves. They can't even mention, for instance, debt financing for arenas and stadiums. UConn is pretty lucky with the Rent, Gampel, Shenkman, Burton, new basketball digs, all paid for with cash outside the university.

But, if UConn really wanted to ramp up athletics with creative financing, it could have taken the donations for all of these projects, dumped them into an athletic endowment fund, and then bonded the construction of facilities through the academic side, which would finance the debt.

In other words, sometimes when you see a great amount of donations in the coffers, it allows the academic side to go into debt. This happened in Oklahoma St with T Boone Pickens. Although he ostensibly donated 180m for the new stadium, the school planned to plow his donation into the AD, and then bond the stadium through the academic budget. When Pickens lost billions in the meltdown and he didn't pony up the promised cash, it was a little awkward.

UConn is doing this the semi-honest way. If it had dumped 230m from facilities donations into the athletic budget, the AD would have 10m a year extra, and it wouldn't need a 10m direct subsidy from the academic side. Instead, UConn would be servicing the loan on the new facilities from the academic side, and no would be the wiser. This is how you hide losses, and UConn parents wouldn't have cause to complain about student fee subsidies either. Instead, they'd suffer the same losses directly through tuition, but who would read through the academic budget to find the line item of $17m a year in loan servicing for facilities?
 

UCFBfan

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They're back......

Can't link but according to ESPN there will be a press conference at 5 announcing it.

Will start back up in 2016. Good luck with scheduling
 
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They're back.

Can't link but according to ESPN there will be a press conference at 5 announcing it.

Will start back up in 2016. Good luck with scheduling
Have they been formally kicked out of C-USA yet? (Conference rules mandate fielding a football team). If not, & this is treated like a 1 year "death sentence", scheduling conference games in 2016 should be business as normal. Now OOC games are a different ball of wax.
 

SubbaBub

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UAB just guaranteed that CFB will live on well past it's intelligent lifespan. Concussions? Corruption? Fiscal Irresponsibility? No admin in their right mind will dare try this for a long long time.
 
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Are they looking for a Rivalry Game? I know a northern school in the market for a southern school to be part of the "Civil Conflict"
 

Fishy

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This is the most insane story.

So the program was in such grim condition that they killed it.

And now the rebirth is so promising that they're going to build it a new stadium?

But since it's currently dead, they have to start from scratch....now, how is a program that didn't really draw well when it had a decent year going to do when it gets murdered for the next five to ten years?

This is like Pet Semetary where you bury the thing that died and then it comes back all f---ed up and smelling a lot worse.
 
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