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re: Georgia Should Be a Top 10 Program

Posted on 1/22/15 at 2:55 pm to
Posted by IT_Dawg
Georgia
Member since Oct 2012
21788 posts
Posted on 1/22/15 at 2:55 pm to

quote:

Has it ever bothered you in the past when your AD brags about the profit margin of UGA?



quote:


The association is the nonprofit corporation that operates the university’s NCAA sports programs. As UGA finance vice president, Nesbit also acts as the treasurer of the corporation.

The association had $98.9 million in revenues in the 2013 fiscal year, according to unaudited figures, Nesbit told the athletic association board that met Friday in Athens.

Against the $98.9 million in revenues, the association had $86 million in operating expenses and about $9.6 million in non-operating expenses, mainly debt payments.

That left the association with a $2.2 million surplus to add to the association’s accumulated reserves.


LINK

Boy.....that money just roooooolling in......
Posted by IT_Dawg
Georgia
Member since Oct 2012
21788 posts
Posted on 1/22/15 at 2:57 pm to
Bama on the other hand.....they ARE rolling in the money...

quote:

Alabama athletics department records $21.2 million surplus in 2013


LINK

Again, it's a cart before the horse conversation with our administration....
Posted by SummerOfGeorge
Member since Jul 2013
102699 posts
Posted on 1/22/15 at 2:59 pm to
Alabama has started keeping surpluses because their debt payments are rising and they are planning more renovations currently and in the future (see new baseball stadium).
Posted by Crowknowsbest
Member since May 2012
25876 posts
Posted on 1/22/15 at 3:00 pm to
A lot of schools don't include debt payments when they report AD profits, iirc. Don't know about Bama specifically.

The main problem people have with UGA's spending habits is the reserve. I don't know why it needs to be $80M
Posted by ibldprplgld
Member since Feb 2008
24987 posts
Posted on 1/22/15 at 3:00 pm to
quote:

Is LSU currently a Top 10 program?


Yes. I think you'd be hard pressed to list 9 other programs that are "better" than LSU as a program. As a specific team, no LSU fan would argue the past two years have been below expectations. Blame early draft losses on that.

Of course, "top 10" is kind of relative depending upon what you decide is most important when evaluating teams. Is it coaching staff? Recruiting? Facilities? Wins? Highest players drafted? Total players drafted? Revenue? Profit? Sell-out games?
Posted by SummerOfGeorge
Member since Jul 2013
102699 posts
Posted on 1/22/15 at 3:01 pm to
quote:

A lot of schools don't include debt payments when they report AD profits, iirc. Don't know about Bama specifically.

The main problem people have with UGA's spending habits is the reserve. I don't know why it needs to be $80M



Yea, that is generally frowned upon pretty heavily at University Foundations and Athletic Foundations. Healthy reserves are always great, but there hits a point where donors begin wondering WTF they are donating too when 20% of their donation is just going to a net asset account and sitting there not being put to use.
Posted by phaz
Waddell, AZ
Member since Jan 2009
5828 posts
Posted on 1/22/15 at 3:02 pm to
And yet everyone complains we hire so many coaches and hide them in staff positions, and the amount we spend on recruiting.

If Nick Saban wants something, he gets it, does UGA have an indoor facility yet bigger than 20 yds?
Posted by SummerOfGeorge
Member since Jul 2013
102699 posts
Posted on 1/22/15 at 3:03 pm to
quote:

If Nick Saban wants something, he gets it, does UGA have an indoor facility yet bigger than 20 yds?


To be fair, this is something UGA folks have been screaming about for years. And they are about to get one, too.
Posted by cmacatl13
the Berry
Member since May 2014
453 posts
Posted on 1/22/15 at 3:04 pm to
Uga just isn't a great football program. never has been, never will be. for Christ's sake, they only have 2 more sec titles than vandy does in the last 33 years. That aint good.
Posted by Jagd Tiger
The Kinder, Gentler Jagd
Member since Mar 2014
18139 posts
Posted on 1/22/15 at 3:05 pm to

Yet UGA football is a big deal, in the state, and you still get the lions share of the top in state recruits.

It's not like you have a problem recruiting the ATL area or a problem recruiting in general.

Posted by RD Dawg
Atlanta
Member since Sep 2012
27297 posts
Posted on 1/22/15 at 3:07 pm to
quote:

The main problem people have with UGA's spending habits is the reserve. I don't know why it needs to be $80M


Pretty much a positive to have a healthy reserve fund. Hopefully money can be made off interest and investements.That's the main reason $30 million was transferred to the UGA foundation.

But I have a huge problem with McGarity ALWAYS bitching about the AD's finances.
Posted by ibldprplgld
Member since Feb 2008
24987 posts
Posted on 1/22/15 at 3:07 pm to
In UGA's defense, their way to ATL in the 90s was tenuous because of Spurrier at UF. They were also dealing with a stout UT.

Posted by Crowknowsbest
Member since May 2012
25876 posts
Posted on 1/22/15 at 3:08 pm to
quote:

To be fair, this is something UGA folks have been screaming about for years. And they are about to get one, too.

Good news for UGA:

IPF plans are in motion.
Staff pay went up big-time across the board.
Seven new support staff positions were just announced.
S&C was gutted, full staff put in place (had never had a full S&C staff)
Announced plans to improve Sanford Stadium locker rooms and recruiting areas.

Things appear to be changing.
This post was edited on 1/22/15 at 3:10 pm
Posted by SummerOfGeorge
Member since Jul 2013
102699 posts
Posted on 1/22/15 at 3:09 pm to
quote:

Pretty much a positive to have a healthy reserve fund. Hopefully money can be made off interest and investements.That's the main reason $30 million was transferred to the UGA foundation.



It is good to have a healthy reserve, but there is a fine line in healthy and not being a good steward of donated funds. I don't know enough about UGA's Athletic Foundation to know where they are on that line, but people I work with who look at Athletic Foundations for a living and are UGA grads universally think they aren't doing a very good job in that respect.
Posted by TigerPanzer
Orlando
Member since Sep 2006
9476 posts
Posted on 1/22/15 at 3:19 pm to
quote:

And while it isn't super far away, Athens is not Atlanta and feels nothing like Atlanta.

Athens is nothing like Atlanta--got that. But Black America's big city is only 1 hour away. I imagine that would have some appeal to some of the recruits out there.
Posted by IT_Dawg
Georgia
Member since Oct 2012
21788 posts
Posted on 1/22/15 at 3:21 pm to
I guess Championships, paying off coaches you fired, expanding, etc DONT always pay off.....

quote:

Auburn athletics department reports $865,994 deficit in 2013
Posted by tiger perry
Member since Dec 2009
25668 posts
Posted on 1/22/15 at 3:21 pm to
UGA with their resources should have a more recent national title than 1980 imo
Posted by RedPants
GA
Member since Jan 2013
5413 posts
Posted on 1/22/15 at 3:28 pm to
quote:

UGA with their resources should have a more recent national title than 1980 imo


What a new and original opinion.
Posted by jso0003
Member since Jun 2009
5170 posts
Posted on 1/22/15 at 3:38 pm to
Do we really need a millionth "Richt can't win the big one" thread?
Posted by Glory, Glory
Pawleys Island, SC
Member since Nov 2012
4498 posts
Posted on 1/22/15 at 3:46 pm to
I can answer this question in real simple terms. UGA has always operated under the assumption that becoming an elite academic school should take precedence over sports. That is absolutely the correct mindset. However, a lot of school have found success balance in both. With advent of the Hope Scholarship, the Administration became blinded by an appropriate separation between school and sports. It has caused friction with donors and alumni of all groups. Times are changing. We’ll never be Vanderbilt but the President will go down fighting.

The UGA AD followed this thought, but in terms of trying to accumulate as much money as possible. Hence, they cut corners (low salaries, no IPF, lack of support staff, etc, etc.) The revenue they have generated is sitting in a bank, and it’s ready to be invested. Over the past year, the Administration has taken note. If you want to be elite like Alabama, you have to spend money. If you want to out-recruit Alabama, you have to spend money. If you want to out coach Alabama, you have to retain the staff (save Bobo).

I for one and really excited about what is going on in Athens. I think the AD and Richt recognize they have to partake in the arms race or become a casualty of mediocrity. They also recognize there is no better time than now. UGA came close in ’02, ’07 and ’12. Close isn’t good enough in the SEC. It’s time to open up the checkbook, and the results will follow. There is no doubt whatsoever that this will generate a better product.
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