UConn the first WBB team to earn $3.25M in ticket sales! | The Boneyard

UConn the first WBB team to earn $3.25M in ticket sales!

Monte said:
I'll take a guess that their ticket prices are higher than most of the other teams.
Expand ...
Probably the highest. A few programs, such as South Carolina and Iowa the last couple of years and Tennessee in the past, draw more people because of the arena size but they price their tickets at about half of what a ticket costs for a Yukon game.
 
stamfordhusky said:
Probably the highest. A few programs, such as South Carolina and Iowa the last couple of years and Tennessee in the past, draw more people because of the arena size but they price their tickets at about half of what a ticket costs for a Yukon game.
Expand ...
Well, you have to consider the cost of traveling to and from the Yukon when you evaluate those prices.

Is this another case of "Does anyone proofread any more?"
 
.-.
Does anybody know UConn’s TV money?

Does it have to share non-conference game tv proceeds with the conference?
 
visitingcock said:
Does anybody know UConn’s TV money?

Does it have to share non-conference game tv proceeds with the conference?
Expand ...
I don't, but back when we first started with SNY while we were in the American, I believe it was about $1 million a year.
 
CL82 said:
I don't, but back when we first started with SNY while we were in the American, I believe it was about $1 million a year.
Expand ...
Well, the attendance proceeds basically pay for Geno’s salary . TV pays for all the other overhead and probably leaves a bit leftover. I assume your house in Stoors is paid for. Not sure if those numbers are before or after Hartford takes its share but it looks like your women probably help pay for at least Some of your football costs.
 
visitingcock said:
Well, the attendance proceeds basically pay for Geno’s salary . TV pays for all the other overhead and probably leaves a bit leftover. I assume your house in Stoors is paid for. Not sure if those numbers are before or after Hartford takes its share but it looks like your women probably help pay for at least Some of your football costs.
Expand ...
It was a decent year revenue wise.

UConn has garnered $98.3 million in gifts over the last four fiscal years (FY21-FY24). The department generated $16.1 million in ticket sales in FY24, up from $12.9 million in FY23.
 
.-.
visitingcock said:
Well, the attendance proceeds basically pay for Geno’s salary . TV pays for all the other overhead and probably leaves a bit leftover. I assume your house in Stoors is paid for. Not sure if those numbers are before or after Hartford takes its share but it looks like your women probably help pay for at least Some of your football costs.
Expand ...
The womens team, like every WBB team nationally, runs in the red.
 
Last edited:
Darwin said:
The women’s team, like every WBB team nationally, runs in the red.
Expand ...
Can you detail the 2023-24 financial data on which you base that conclusion? It's a factual assertion that should be provable or disprovable from the evidence available.
 
JoePgh said:
Can you detail the 2023-24 financial data on which you base that conclusion? It's a factual assertion that should be provable or disprovable from the evidence available.
Expand ...
According to the above referenced Sportico. UConn WBB expenditures were almost $13MM.They don't cover that. Last year Nan referenced the UConn yearly AD fiscal report which detailed the revenue and expenditures by sport. UConn WBB had a $6MM deficit in FY2023.
 
Last edited:
JoePgh said:
Can you detail the 2023-24 financial data on which you base that conclusion? It's a factual assertion that should be provable or disprovable from the evidence available.
Expand ...
I’ll let you do your own research, the data is widely available.
 
.-.
HuskyNan said:
Did we know the NCAA is finally doing revenue sharing from the Big Dance? I missed that announcement

Expand ...
It was a pretty big announcement, and it is great news for WBB. The recent TV deal was not as high as it should have been, and it is shared amongst non revenue sports along with WBB, but if viewership holds its current trajectory, the next deal will be much better. As for paying units to teams in the tourney, long overdue.
 
Duncan Idaho said:
The FY 2024 report came out this past week.
Expand ...
You aren’t seriously implying a profit are you? Not for any team. Fact. And maybe you missed Geno’s interview yesterday about the announcement for NCAA revenue sharing with WBB finally. He said no WBB team can yet pay its way, but this helps.
 
Last edited:
I love this:
UConn is the only public FBS school that reports spending more on basketball than it does on football.
 
Darwin said:
You aren’t seriously implying a profit are you? Not for any team. Fact. And maybe you missed Geno’s interview yesterday about the announcement for NCAA revenue sharing with WBB finally.
Expand ...
No and I dont know where you are getting that from. FY2024 ended in June.
From the UConnhuskies website; a couple of highlights.
  • Self-generated revenues increase in FY24 to $62.7 million; a $7.6 million increase from FY23; and a 43.5% increase from FY22
  • Total revenues in FY24 were $105.6 million with 59.4% of overall revenues being self-generated...
 
Duncan Idaho said:
No and I dont know where you are getting that from. FY2024 ended in June.
From the UConnhuskies website; a couple of highlights.
  • Self-generated revenues increase in FY24 to $62.7 million; a $7.6 million increase from FY23; and a 43.5% increase from FY22
  • Total revenues in FY24 were $105.6 million with 59.4% of overall revenues being self-generated...
Expand ...
I’m sorry you don’t understand this topic.
 
.-.
visitingcock said:
Well, the attendance proceeds basically pay for Geno’s salary . TV pays for all the other overhead and probably leaves a bit leftover. I assume your house in Stoors is paid for. Not sure if those numbers are before or after Hartford takes its share but it looks like your women probably help pay for at least Some of your football costs.
Expand ...
Understand that the XL Center in Hartford is owned by the state of CT. The ridiculous rent paid to the XL center (rumored to be something like $50K per game) is simply the state of CT moving money from 1 pocket to another. They play games like that probably to hide embarrassing information like just how unprofitable the XL center actually is. Don't get me started on the city of Hartford...

There are sources of revenue that are not sport specific (logo stuff, donations, etc.). I have no clue how this revenue is credited to various sports i.e. football, MBB, WBB, volleyball, etc. Maybe it's just reflected in the athletic department and not to any specific sport. No doubt the whole shebang runs in the red, but I am skeptical of reports on how much any sport actually loses. If anyone knows how nonspecific revenue is credited to specific sports, please enlighten me.
 
Skeets said:
Understand that the XL Center in Hartford is owned by the state of CT. The ridiculous rent paid to the XL center (rumored to be something like $50K per game) is simply the state of CT moving money from 1 pocket to another. They play games like that probably to hide embarrassing information like just how unprofitable the XL center actually is. Don't get me started on the city of Hartford...
Expand ...
If the Huskies sell 15,000 tickets at $22 (is that still the price?), they will get $330,000, which will cover the rent. UConn anlso profits from TV revenue and product sales.

Folks that live in Western CT can see the Huskies more easily, UConn generates revenue, the XL generates revenue from rent, parking, and concessions, and the businesses in the area get an uptick in sales before and after the games. That’s why they play in Hartford.
Skeets said:
There are sources of revenue that are not sport specific (logo stuff, donations, etc.). I have no clue how this revenue is credited to various sports i.e. football, MBB, WBB, volleyball, etc. Maybe it's just reflected in the athletic department and not to any specific sport. No doubt the whole shebang runs in the red, but I am skeptical of reports on how much any sport actually loses. If anyone knows how nonspecific revenue is credited to specific sports, please enlighten me.
Expand ...
I think you mean things like licensing revenue? I imagine it’s allocated based on a method the accountants devised. I’m an accountant- allocation of costs or revenue based on an analysis that’s been made is reasonable and permitted by Generally Accepted Accounting Principals (GAAP) yo @Tonyc .

For example, accountants know how many team specific products are purchased from various outlets. If 35% of sales are men’s hoops, 30%, women’s hoops, 25% football, 7% hockey, and so on, I’d allocate revenue for general licensing fees using those percentages. There’s usually a reasonable way to estimate the non-specific costs/revenues
 
HuskyNan said:
If the Huskies sell 15,000 tickets at $22 (is that still the price?), they will get $330,000, which will cover the rent. UConn anlso profits from TV revenue and product sales.

Folks that live in Western CT can see the Huskies more easily, UConn generates revenue, the XL generates revenue from rent, parking, and concessions, and the businesses in the area get an uptick in sales before and after the games. That’s why they play in Hartford.

I think you mean things like licensing revenue? I imagine it’s allocated based on a method the accountants devised. I’m an accountant- allocation costs or revenue based on an anal that’s been made is reasonable and permitted by Generally Accepted Accounting Principals (GAAP) yo @Tonyc .

For example, accountants know how many team specific products are purchased from various outlets. If 35% of sales are men’s hoops, 30%, women’s hoops, 25% football, 7% hockey, and so on, I’d allocate revenue for general licensing fees using those percentages. There’s usually a reasonable way to estimate the non-specific costs/revenues
Expand ...
Nan, as a season ticket holder I don't pay any attention to the per game cost, but I pretty sure it's more than $22. The difference between Gampel and the XL is roughly 5,000 seats for sellouts, which I'll concede covers the cost of the rent. UConn has to play 1/2 of their home games in Hartford to move money into the city and for the reasons you mentioned. It doesn't hurt the school financially, so I guess it's a win-win.

What's interesting is in addition to the face value of the tickets I have to pay a seat donation. Same deal for football at the Rent, although if you bought individual games you can bypass the seat donation and sit just about anywhere you want. Makes me wonder why people buy football season tickets.
 
Skeets said:
Nan, as a season ticket holder I don't pay any attention to the per game cost, but I pretty sure it's more than $22. The difference between Gampel and the XL is roughly 5,000 seats for sellouts, which I'll concede covers the cost of the rent. UConn has to play 1/2 of their home games in Hartford to move money into the city and for the reasons you mentioned. It doesn't hurt the school financially, so I guess it's a win-win.

What's interesting is in addition to the face value of the tickets I have to pay a seat donation. Same deal for football at the Rent, although if you bought individual games you can bypass the seat donation and sit just about anywhere you want. Makes me wonder why people buy football season tickets.
Expand ...
Seat donations have been around since the 1990’s, when the teams started winning. UConn isn’t the only school that requires one
 
You must log in or register to reply here.

Forum statistics

Threads
168,076
Messages
4,552,243
Members
10,435
Latest member
DukeBlue


Top Bottom