Started By
Message
Power 5 Conference Programs with Fiscal Deficits (2014)
Posted on 11/24/15 at 1:43 pm
Posted on 11/24/15 at 1:43 pm
I thought the ACC, Pac 12 and Big Ten were supposed to be the "academic, intellectual" conferences? Maybe Alabama and Georgia should lend them some of their Top 10 accounting grads.
Running Up the Bills (WaPo)
SEC
Auburn
South Carolina
Ole Miss
Pac 12
Arizona
Cal
UCLA
Arizona State
Colorado
Washington State
Utah
Oregon State
Big 12
West Virginia
Iowa State
Big Ten
Wisconsin
Minnesota
Michigan State
Illinois
Purdue
Maryland
Rutgers
ACC
Urbody (seriously, all of them)
Running Up the Bills (WaPo)
SEC
Auburn
South Carolina
Ole Miss
Pac 12
Arizona
Cal
UCLA
Arizona State
Colorado
Washington State
Utah
Oregon State
Big 12
West Virginia
Iowa State
Big Ten
Wisconsin
Minnesota
Michigan State
Illinois
Purdue
Maryland
Rutgers
ACC
Urbody (seriously, all of them)
17
Posted on 11/24/15 at 1:44 pm to SummerOfGeorge
quote:
Ole Miss
Lol poor
Posted on 11/24/15 at 1:46 pm to SummerOfGeorge
meh, stats like these hardly matter. A lot of programs only break even or go into "deficit" because they spend as much of their revenue in the year as possible on purpose to make sure donors keep giving.
Posted on 11/24/15 at 1:46 pm to SummerOfGeorge
quote:
Ole Miss
They spent all of their money on North Face vests and boat shoes.
Posted on 11/24/15 at 1:47 pm to SummerOfGeorge
I can't wait to see what 2015 looks like for A&M with the new KF revenue. I would guess going from 118.2 to mid to high 130s.
Posted on 11/24/15 at 1:48 pm to Lordofwrath88
quote:
meh, stats like these hardly matter. A lot of programs only break even or go into "deficit" because they spend as much of their revenue in the year as possible on purpose to make sure donors keep giving.
Most attempt to get to net zero, but none of them like showing deficits. Best case scenario for an athletic foundation is showing $0 profit with high reserves (and solid liquidity ratios), because it shows that you are good stewards of the donors money and are prepared to pay off future debts from expansion.
Most work hard to NOT show deficits, because nothing makes people more wary of your fiduciary abilities than showing a negative number on the Net Income (Expense) line (even if there is a totally reasonable explanation for it).
This post was edited on 11/24/15 at 1:50 pm
Posted on 11/24/15 at 1:48 pm to SummerOfGeorge
But.. Ole Miss just received 25 MM from a donor? They are a very classy institution that can be discussed in the same sentence as Princeton and Harvard. 
Dumb rednecks can't even balance a checkbook
Dumb rednecks can't even balance a checkbook 
Posted on 11/24/15 at 1:49 pm to SummerOfGeorge
quote:
Power 5 Conference Programs with Fiscal Deficits (2014)
why not show 2015?
Posted on 11/24/15 at 1:50 pm to NYCAuburn
quote:
why not show 2015?
Year is not over dickhole
Posted on 11/24/15 at 1:50 pm to SummerOfGeorge
Big Ten should be fine when they negotiate new deal. Both of the years posted were directly before their new media deals were negotiated.
Expect a similar bump the SEC got their current deal...3 schools from red to black.
The rest aren't surprising though. Nor is it very indicative. If you spend $1 more dollar than you bring in, you are in the red.
Expect a similar bump the SEC got their current deal...3 schools from red to black.
The rest aren't surprising though. Nor is it very indicative. If you spend $1 more dollar than you bring in, you are in the red.
This post was edited on 11/24/15 at 1:55 pm
Posted on 11/24/15 at 1:50 pm to NYCAuburn
quote:
why not show 2015?
Books have not been closed? Just guessing, I honestly have no idea.
Posted on 11/24/15 at 1:51 pm to NYCAuburn
quote:
why not show 2015?
Well, for one, the article used 2014. For two, most Athletic Foundations are still in the process of wrapping up and releasing 6-30-15 audited financial statements (we still have 1 or 2 that were just sent off to them, so they wouldn't be available for the public quite yet). So, there isn't a complete population of 2015 numbers yet would be my guess.
Posted on 11/24/15 at 1:51 pm to MSU5
quote:
Year is not over dickhole
Fiscally for most schools it is. June to June are the norms for universities
Posted on 11/24/15 at 1:52 pm to Tennessee Jed
quote:
Books have not been closed? Just guessing, I honestly have no idea.
Most universities and their foundations are June 30th year-ends, so they have been closed. However, most all have audits, and those are necessarily completed and reported on yet.
Posted on 11/24/15 at 1:52 pm to MSU5
Salty as frick I like it.
Posted on 11/24/15 at 1:52 pm to NYCAuburn
quote:
Fiscally for most schools it is. June to June are the norms for universities
Believe me, there's still enough time for Auburn to throw 180K at a big time recruit and flip the books upside down.
Posted on 11/24/15 at 1:54 pm to MSU5
quote:
Believe me, there's still enough time for Auburn to throw 180K at a big time recruit and flip the books upside down.
Well we did have a surplus for 2015, and are expecting an even bigger one for 2016
Posted on 11/24/15 at 1:54 pm to SummerOfGeorge
Vanderbilt not listed. I love being a private school. We're like the Keyser Soze of the SEC.
Posted on 11/24/15 at 1:55 pm to NYCAuburn
quote:
Well we did have a surplus for 2015, and are expecting an even bigger one for 2016
I know MSU doesn't spend a lot on Football, relative to others in the conference, but I don't see how we're turning a profit.
Posted on 11/24/15 at 1:59 pm to SummerOfGeorge
Side note. Straight line graphs are stupid.
This post was edited on 11/24/15 at 2:08 pm
Page 1 of 5
Popular
Back to top
Follow SECRant for SEC Football News