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re: SIAP: Paul Bryant Jr's Bank Tie That Binds UA BOT
Posted on 3/27/15 at 1:39 pm to dswear
Posted on 3/27/15 at 1:39 pm to dswear
quote:
UAB ATHLETICS STRATEGIC PLANNING NCAA Division I Considerations
November 18, 2014
STRATEGIC CONSIDERATIONS
PAGE
| III-6
The FBS Pro Forma, benchmarked at a competitive level in CUSA, forecasts expenses increasing from $30.2 million in FY15 to $38.5 million in FY19. Additional investments in each sport would be required to reach a nationally competitive level, particularly in Football. During the same period, UAB Athletics generated revenues are expected to grow by less than $1 million. Concurrently, the University is committed to maintaining institutional support of approximately $14.5 million annually, along with modest Student Fee increases of 3% per year.
Thus, the FBS Pro Forma shows expenses significantly surpassing revenues, with the cumulative net expense deficit over the five-year life of this Pro Forma calculated at $25.3 million. (WITH FOOTBALL) Conversely, assuming the current level of institutional investment, the Division I Without Football Pro Forma predicts a total five-year net revenue of approximately $2.0 million.
Therefore, the difference in operating financials is estimated to be $27.3 million over five years with Football.
quote:
Additionally, an incremental capital investment of $22.2 million in Football facilities (Football practice field, Multi-Sport Indoor Practice Facility and a Football administration building) would also be necessary to build and sustain competitiveness.
Capital investments do not include a new Football stadium.
Therefore, UAB would be required to make a minimum additional investment of approximately $47.5 million, over the next five years to operate a competitive CUSA-level football program
To sum it up, UAB football does not bring in enough revenue to cover the investment of approximately $47.5 million over the next 5 years to operate. And that's without a new stadium. (See page 8 LINK)
Posted on 3/27/15 at 1:47 pm to jatebe
You're quoting the Carr report which has already been debunked my multiple national news sources. There is a reason that UAB is hiring a new firm to do new numbers. Read the VICE sports articles.
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