Started By
Message
UA Athletics FY 2023: FB made $36M, Bball made $5.6, WBB lost $5.6M, BSB lost $3M
Posted on 11/20/23 at 7:54 pm
Posted on 11/20/23 at 7:54 pm
Full report here: LINK
quote:
One year after posting a $6.27 million profit, the University of Arkansas athletics department broke even for the fiscal year 2023 (July 1, 2022–June 30, 2023).
The figures are in the university’s annual Equity in Athletics Disclosure Act (EADA) survey.
According to the survey, the athletics department’s revenue totaled $171.1 million, up 10.7% from $154.55 million in the previous fiscal year. Expenses were also $171.1 million, up 15.3% from $148.28 million last fiscal year.
Sport-specific financials include:
- The UA football program had total operating revenue of $84.95 million, with expenses of $53.94 million ($31.01 million profit).
G
- Men’s basketball revenue totaled $19.43 million, and $13.8 million in expenses ($5.63 million profit).
- The UA baseball team is the only other program with revenue hitting seven figures at $5.63 million. With expenses of $8.53 million, the program operated at a deficit of $2.9 million.
- Arkansas’ athletics department topped $100 million for the first time in the 2014-2015 fiscal year ($114.17 million). It climbed steadily until the 2019-2020 fiscal year when the COVID-19 pandemic caused a double-digit revenue decline from $137.49 million to $123.35 million.
The NCAA requires member schools to submit a more detailed revenue and expense report for each fiscal year. That report is being audited and is due to the NCAA by January 2024.
Posted on 11/20/23 at 8:10 pm to Jack Ruby
So... Muss can be paid 5.63 mil more per year...
Baseball needs to trim back on the expenses, bigly.
Baseball needs to trim back on the expenses, bigly.
Posted on 11/20/23 at 8:33 pm to DaleDenton
Baseball. Thought we used to hang our hat on profits there?
Bet our gender equity score is tops in the SEC and Hunter Yuracuck is preparing a tweet on it.
Bet our gender equity score is tops in the SEC and Hunter Yuracuck is preparing a tweet on it.
Posted on 11/20/23 at 8:59 pm to STLhog
Pretty sure very few baseball programs break even.
Posted on 11/21/23 at 7:09 am to CFB_Fanatic
For sure. Just remember that being a thing and curious what changed?
Didn’t think facilities and NIL hit budget.
Didn’t think facilities and NIL hit budget.
Posted on 11/21/23 at 7:44 am to STLhog
quote:
For sure. Just remember that being a thing and curious what changed?
It was until we built that new building I believe. Could be wrong though.
Posted on 11/21/23 at 12:55 pm to STLhog
quote:
For sure. Just remember that being a thing and curious what changed? Didn’t think facilities and NIL hit budget.
I believe portion of the facility improvements hit last year as an expense. Baseball has operated in the green years prior.
Posted on 11/21/23 at 2:07 pm to Jack Ruby
For a lot of reasons, I’d suspect it’s beneficial to show a push each year with the financials, so I take all of these numbers with a grain of salt.
Expenses and revenue magically matched? It’s a frickin mathematical miracle!
Expenses and revenue magically matched? It’s a frickin mathematical miracle!
Posted on 11/23/23 at 12:46 pm to Sus-Scrofa
quote:
For a lot of reasons, I’d suspect it’s beneficial to show a push each year with the financials, so I take all of these numbers with a grain of salt.
Expenses and revenue magically matched? It’s a frickin mathematical miracle!
This is the answer... everything else is hand-wringing.
Finance department actually did their job.
Posted on 11/23/23 at 2:43 pm to Beached Tusky
They are a non-profit, so, they shouldn't be showing a profit.
Latest Arkansas News
Popular
Back to top
Follow SECRant for SEC Football News