re: Power 5 Conference Programs with Fiscal Deficits (2014)

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The article is misleading. It gives a red dot to schools with deficient next to how much the program took in. Makes it look like we are 70 million in the red. How much was taken in and how much was spent? We could have been 1 million in defciet or 2$. It's intentionally misleading. But let's not bring up the renovations and new basketball facility that had to be paid up front now and hurt 2014 revenue. Lol at you poors with outdated facilities.

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I dunno, I pretty clearly understood what it was saying.

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It looks like the number is the total deficient . Is that the case.? Or is it just how much Total revenue? And then color coded to reflect if the school had net gain or net loss?

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I agree it could have been labeled better, but they are showing Total Revenues in 2004 and 2014 and then the dot is whether that had a deficit or surplus in those years.

I do agree that it wasn't laid out well, but once you notice that the numbers are going down from top to bottom and that some at the top are in red and some aren't it become clear the #'s and the dots are representing two different things.

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t looks like the number is the total deficient .

Is that the case.?

Or is it just how much Total revenue?

And then color coded to reflect if the school had net gain or net loss?

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Jesus Christ.. You are kidding me.

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Actually they made 12.4 million more than MSU did

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This is true, they just also spent more. Which makes sense because they are building a new basketball arena.

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But they spent more.... Are you struggling with this as well?

ETA: do you understand what a deficit is?

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New Basketball arenas ain't cheap. The important thing is that we have something to show for our deficit.

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SEC
Auburn
South Carolina
Ole Miss

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I don't know about Auburn or Ole Miss, but in SCAR's case it is irrelevant as the budget was/is based upon pledged receivables in addition to actual generated revenues. Pledged receivables include contractually obligated pledges from the Gamecock Club and wealthy donors who set-up gifts to be doled-out on a monthly or yearly basis.

The $2.8 million deficit we reported has already been more than covered ... it was a drop in the bucket considering the millions in upgrades to facilities and the expenses and cost overruns involved with the new practice fields, the indoor practice facility and the plaza upgrades around the stadium.

We've got one more year of this and then we're done for awhile. We can go back to banking money every year.

I'll also add, SCAR has a mandatory emergency fund that is contributed-to every year - it is now in excess of $20 million and it is untouchable except for emergencies ... it is counted as an expense even though the funds are held by the athletic department.

Lowest 10 revenue generators in Power 5 conferences

1. Rutgers - $40.3M
2. Utah - $46.6M
3. Washington State - $49.8M
4. Colorado - $53.8M
5. Maryland - $55.3M
6. Oregon State - $57.0M
7. Mississippi State - $59.6M
8. NC State - $63.8M
9. Arizona State - $66.2M
10. Iowa State - $66.2M

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I don't know about Auburn or Ole Miss, but in SCAR's case it is irrelevant as the budget was/is based upon pledged receivables in addition to actual generated revenues. Pledged receivables include contractually obligated pledges from the Gamecock Club and wealthy donors who set-up gifts to be doled-out on a monthly or yearly basis.

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I mean, that is how GAAP accounting works. Some foundations work off of the Modified Accrual Basis that doesn't recognize receivables as revenue, but the majority work on the basis of general GAAP in which pledges receivable are recognized when pledged as temporarily restricted revenue (discounted if a multi-year pledge) (and generally with a hefty allowance).

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Please tell me. I said nothing about MSU making more money than anyone.

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You said Ole Miss didnt make anything, which they did. They also made quite a bit more than MSU.

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I simply laughed at the fact that Ole Miss spent more than they made in 2014.

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Well they made quite a bit more, so the spent quite a bit more. its nice when you can afford nice things