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re: Ball rolling on indoor practice facility
Posted on 12/20/13 at 5:46 am to PortlyDawg
Posted on 12/20/13 at 5:46 am to PortlyDawg
program profits $40 mill per year...where does this money go again?
3
Posted on 12/20/13 at 6:35 am to Leghumper
Excellent question.
Posted on 12/20/13 at 6:55 am to Leghumper
To supporting other sports, mainly.
I don't have the stats on UGA, but for Florida it breaks down something like this:
Revenue expenses profit
Football 68,715,750 24,457,557 44,258,193
Men's B'tball 10,184,136 7,908,661 2,275,245
Womens BBall 160,128 2,997,648 -2,836,820
Other (Men's) 1,375,536 6,687,001 -5,311,475
Other (Womens)2,641,684 12,634,533 -9,992,849
Total: 28,392,524 profit
Now, keep in mind that you then have to have stadium/arena/field upkeep, athletic dorms, etc.
I am assuming that the profit picture includes recruiting for the various sports, laundry, coaching staffs, office personnel, etc...but the article I read (Forbes magazine) did not make this clear. So, while there is big money in college football, football must cover the shortfall of the other sports. Football makes good money...men's basketball makes a little money, and the rest lose. When men and women's basketball is lumped together...basketball as a whole loses money. Football pays the bills for all other sports, essentially.
I don't have the stats on UGA, but for Florida it breaks down something like this:
Revenue expenses profit
Football 68,715,750 24,457,557 44,258,193
Men's B'tball 10,184,136 7,908,661 2,275,245
Womens BBall 160,128 2,997,648 -2,836,820
Other (Men's) 1,375,536 6,687,001 -5,311,475
Other (Womens)2,641,684 12,634,533 -9,992,849
Total: 28,392,524 profit
Now, keep in mind that you then have to have stadium/arena/field upkeep, athletic dorms, etc.
I am assuming that the profit picture includes recruiting for the various sports, laundry, coaching staffs, office personnel, etc...but the article I read (Forbes magazine) did not make this clear. So, while there is big money in college football, football must cover the shortfall of the other sports. Football makes good money...men's basketball makes a little money, and the rest lose. When men and women's basketball is lumped together...basketball as a whole loses money. Football pays the bills for all other sports, essentially.
Posted on 12/20/13 at 7:04 am to Leghumper
Most of that $40 million goes to fund just about all the other sports at UGA. I believe basketball makes a small profit (mostly due to TV money) Baseball can sometimes come close to making money.All the others are a big drain on athletic dept funds.
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