Why the UConn athletic department’s $41 million deficit might not be quite as bad as it sounds (Putterman)

[Pudge]

*If you're good

Seems a little State U in NE got plenty of great marketing with 11 NCs in WBB & 4 NCs in MBB. Even a Soccer NC or other superlatives. Fiesta Tostito Bowl etc.

The National Flag Blue, Red and White are IMPRESSIVELY in the National consciousness versus my years walking those paths in the 70s. We won. We will Win again.

 

[ZooCougar]

If you look at the $ lost per student athlete. I bet football looks more favorable than some other sports.

 

[Pudge]

No cutbacks but pensions need to go the way of the dodo.

This should have been written in about 1990. When General Electic cut pensions etc etc

(And I have 3 State Work siblings in NYS)

 

[upstater]

If you look at the $ lost per student athlete. I bet football looks more favorable than some other sports.

I would doubt this. At both the schools that subsidize and at the ones who are earning a so-called profit. You can really tell how much football adds to the debt by analyzing the budgets of the schools that ramped up football, either from playoff subdivision or D2 to D1. You see massive increases in the budget, on the order of 300%, or more even. But even at the so-called profitable schools like Michigan, the build out in facilities (all bonded by the academic side) creates huge unseen amounts of debt. Michigan owes $400m on football facilities, and it spends 20m+ a year servicing those loans, and they're not part of the athletics budget. Now, the academic side used to pay for all of it, but in recent years the athletic department has begun returning $12-14m to pay for facilities.

The point of this is that you'd be hard-pressed to rack up $400m in debt to service other sports. It's really football that requires that kind of outlay.

 

[ZooCougar]

I would doubt this. At both the schools that subsidize and at the ones who are earning a so-called profit. You can really tell how much football adds to the debt by analyzing the budgets of the schools that ramped up football, either from playoff subdivision or D2 to D1. You see massive increases in the budget, on the order of 300%, or more even. But even at the so-called profitable schools like Michigan, the build out in facilities (all bonded by the academic side) creates huge unseen amounts of debt. Michigan owes $400m on football facilities, and it spends 20m+ a year servicing those loans, and they're not part of the athletics budget. Now, the academic side used to pay for all of it, but in recent years the athletic department has begun returning $12-14m to pay for facilities.

The point of this is that you'd be hard-pressed to rack up $400m in debt to service other sports. It's really football that requires that kind of outlay.

I’m talking specifically UConn. Maybe someone with time on their hands can do the math.

 

[whaler11]

I’m talking specifically UConn. Maybe someone with time on their hands can do the math.

you cant do the math. there is no way to properly disrribute some of the revenue streams between sports.

but yeah if you divide a loss by 105 and divide it by 15 unless you lose 8x more on the bigger team you’ll have a smaller loss per player.

not sure why youd care about that metric though

 

[ZooCougar]

you cant do the math. there is no way to properly disrribute some of the revenue streams between sports.

but yeah if you divide a loss by 105 and divide it by 15 unless you lose 8x more on the bigger team you’ll have a smaller loss per player.

not sure why youd care about that metric though

Just from the theory that offering sports scholarships results in a loss of tuition revenue. Just another way to look at it.

 

[CL82]

This should go well...

I wonder what the results would have been if the question was...
"Should UConn eliminate its money losing woman's basketball program?"

 

[huskymedic]

Interesting read on New Mexico’s situation and accounting practices: UNM's position: Football is making money after all

>>UNM previously did not determine revenue sport by sport because the athletic department’s financial budget had only been presented in its entirety. Nuñez and his staff have since broken it down. “That was many layers of the onion that we had to peel back because we went from a big hodge-podge of a budget to being able to separate it into individual sports and individual departments,” Nuñez said.<<

>>Nuñez said the sport by sport research into the athletics budget has created a clearer picture of what each activity costs and contributes financially to the university. “It should have been done years ago. But we had to take the time,” he said. “And that’s a lot of work to take the steps necessary to where we are today. We are at about 98 percent (for breaking down the budget across the athletic department), but over the next several months we will continue the process to get us to 100 percent.”<<

 

[whaler11]

Interesting read on New Mexico’s situation and accounting practices: UNM's position: Football is making money after all

>>UNM previously did not determine revenue sport by sport because the athletic department’s financial budget had only been presented in its entirety. Nuñez and his staff have since broken it down. “That was many layers of the onion that we had to peel back because we went from a big hodge-podge of a budget to being able to separate it into individual sports and individual departments,” Nuñez said.<<

>>Nuñez said the sport by sport research into the athletics budget has created a clearer picture of what each activity costs and contributes financially to the university. “It should have been done years ago. But we had to take the time,” he said. “And that’s a lot of work to take the steps necessary to where we are today. We are at about 98 percent (for breaking down the budget across the athletic department), but over the next several months we will continue the process to get us to 100 percent.”<<

uconn should do this.

call 33% of the 41 million dollar subsidy revenue.

see we make money!

throw in some of pal’s $83 per tweet value and the only thing that makes sense is starting a second football team

 

[UConnDan97]

uconn should do this.

call 33% of the 41 million dollar subsidy revenue.

see we make money!

throw in some of pal’s $83 per tweet value and the only thing that makes sense is starting a second football team

4 million of the 4.3 million "proportional" income is actually subsidy or fundraising. Not exactly what I'd call revenue...