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Posted on 7/2/18 at 4:16 pm to Farmer1906
These numbers raise a bit of a business ethics question for me. Should AD's at public universities be turning profits?
Their product, overhead, infrastructure etc. are supported by tax dollars. If they're turning a profit then are they gouging their own constituents?
Let the private alumni/booster organizations make and spend most of the money
Their product, overhead, infrastructure etc. are supported by tax dollars. If they're turning a profit then are they gouging their own constituents?
Let the private alumni/booster organizations make and spend most of the money
Posted on 7/2/18 at 4:19 pm to Rhino5
quote:
44% was contributions/donations. That seems high and risky.
We have been at that level or higher for years.
I expect another big year on the books next year because my understanding is all the Jimbo money has been raised to get the BOR to sign off on the contract. We might space that over a few years, or maybe just stick it in all at once to jump ahead of Texas on this list next year.
Posted on 7/2/18 at 4:24 pm to Vecchio Cane
We’re not. We’re building facilities.
Posted on 7/2/18 at 4:26 pm to Hugh McElroy
Mizzou
$97M revenue
$102M expenses
$97M revenue
$102M expenses
Posted on 7/2/18 at 4:26 pm to Farmer1906
quote:
We’re not. We’re building facilities.
I know, and most departments are re-investing their money. It just seems strange to show huge profits. Just show the AD breaking even and let everybody be happy with that
Posted on 7/2/18 at 4:47 pm to AUCE05
quote:It is closer to 24k undergrads and 30k total. But,
What AU does is amazing. 20k undergrad and only 1.5 schools to support. The rest of you needs to pick up the slack.
maybe you have more sidewalk fans than you want to admit.
Posted on 7/2/18 at 4:55 pm to Vecchio Cane
I explained this earlier, the NCAA reporting method is to count facility-building donations as AD revenue, but to not count the facility spending as an AD expense.
There is no such thing as an aggy profit for this reporting period.
There is no such thing as an aggy profit for this reporting period.
Posted on 7/2/18 at 5:00 pm to Farmer1906
quote:
You think Aggies are going to just stop giving money to A&M?
Dunno. But Aggie bit off a healthy chunk of debt for athletic facilities improvements, and are relying on random people to open up their checkbooks and provide nearly half the income. Auburn had around 22% and Alabama 18% in donations.
Posted on 7/2/18 at 7:06 pm to Rhino5
A&M financed thru bonds and basically PSL’s. Bond revenues won’t dhow after this year, $155M will likely be their $#’s next year.
They have been aggressive on building, spending and garnishing donations & I don’t see it slowing down. Time will tell how it plays out, I would expect it to be deliciously disasterous based on their history.
AD’s are set up as non profits.. losing a few mil or break even isn’t bad and nothing more than some pencil whipping.
I think the bubble is going to burst on the arms race, won’t be catastrophic, but will make enough ruffles to slow things down a bit. One day we’ll find out just how much revenue and profit the NCAA is really churning out & the programs individually as well.
They have been aggressive on building, spending and garnishing donations & I don’t see it slowing down. Time will tell how it plays out, I would expect it to be deliciously disasterous based on their history.
AD’s are set up as non profits.. losing a few mil or break even isn’t bad and nothing more than some pencil whipping.
I think the bubble is going to burst on the arms race, won’t be catastrophic, but will make enough ruffles to slow things down a bit. One day we’ll find out just how much revenue and profit the NCAA is really churning out & the programs individually as well.
Posted on 7/2/18 at 7:07 pm to OldSchoolHorn
You are dumb as frick per usual.
Posted on 7/2/18 at 7:14 pm to texag7
Danny boy oh Danny boy.. been a bit since I sat you down for some schoolin.
What lesson would you like to debate/learn from tday?
What lesson would you like to debate/learn from tday?
Posted on 7/2/18 at 7:15 pm to OldSchoolHorn
Shut your mouth
Posted on 7/2/18 at 8:01 pm to OldSchoolHorn
Longhorns keep trying to figure out our SEC finances and you can’t.
Guess what: Jimbo coming didn’t slow things down. He has a lot of remodeling planned and we have passed the hat around for that. Aggie boosters getting to meet the second national title winning coach they ever met (after Stallings) aren’t closing their wallets when oil prices are so high.
We are here to stay at the top, and when the “bubble bursts” we will have a pile of amazing facilities financed at what then will be crazy interest rates that will create a permanent moat between us and a Texas Tech or a Baylor or a TCU. Or hell even an OU, those poor dirt farmers are fricked when it comes to facilities.
Meanwhile Texas has to keep find a way to fit a future pile of brand new facilities on the small chunk of land available which will means buildings that cost 3x per square foot financed at higher rates than A&M faced when building its facilities. I expect the Longhorns to catch up but never really surpass us even with an extra $30 million of revenue a year because our dollars simply go further.
What you see as a big gamble is the safest bet we ever made.
Guess what: Jimbo coming didn’t slow things down. He has a lot of remodeling planned and we have passed the hat around for that. Aggie boosters getting to meet the second national title winning coach they ever met (after Stallings) aren’t closing their wallets when oil prices are so high.
We are here to stay at the top, and when the “bubble bursts” we will have a pile of amazing facilities financed at what then will be crazy interest rates that will create a permanent moat between us and a Texas Tech or a Baylor or a TCU. Or hell even an OU, those poor dirt farmers are fricked when it comes to facilities.
Meanwhile Texas has to keep find a way to fit a future pile of brand new facilities on the small chunk of land available which will means buildings that cost 3x per square foot financed at higher rates than A&M faced when building its facilities. I expect the Longhorns to catch up but never really surpass us even with an extra $30 million of revenue a year because our dollars simply go further.
What you see as a big gamble is the safest bet we ever made.
This post was edited on 7/2/18 at 8:14 pm
Posted on 7/3/18 at 8:51 am to OldSchoolHorn
I have two words for you longwhorn:
BOWL REVENUE!
Also the Aggie numbers don't include one cent of the concessions which are probably at least several million.
longwhorn numbers even include the receipts from on campus music concerts.
So to sum it up:
YOU ARE NOT IN OUR LEAGUE!
BOWL REVENUE!
Also the Aggie numbers don't include one cent of the concessions which are probably at least several million.
longwhorn numbers even include the receipts from on campus music concerts.
So to sum it up:
YOU ARE NOT IN OUR LEAGUE!
Posted on 7/3/18 at 9:08 am to scrooster
Yep, any AD showing a big profit is doing a poor job of growing for the future. The money needs to be spent as none of these AD’s are for profit ventures. Cutting back on spending is only helpful if the cutbacks are targeted at wasteful spending. Money should be spent on facilities and salaries for coaches and support staff, and spend as much as possible.
That said, this bubble is gonna pop soon. When the TV rights come back up for bid ESPN will no longer be in a position to outbid every other network. The SEC Network, as currently exists, may go away.
We may be trending towards a future where every non-marquee sports event is purchased a la carte. When that happens we’ll see how much revenue all those people who had to pay for ESPN as part of basic cable package (at $10.00 per month) were adding to the sports revenue pie. It’s a frick ton of money that may soon be leaving sports.
That said, this bubble is gonna pop soon. When the TV rights come back up for bid ESPN will no longer be in a position to outbid every other network. The SEC Network, as currently exists, may go away.
We may be trending towards a future where every non-marquee sports event is purchased a la carte. When that happens we’ll see how much revenue all those people who had to pay for ESPN as part of basic cable package (at $10.00 per month) were adding to the sports revenue pie. It’s a frick ton of money that may soon be leaving sports.
Posted on 7/3/18 at 9:26 am to Smart Post
quote:
I explained this earlier, the NCAA reporting method is to count facility-building donations as AD revenue, but to not count the facility spending as an AD expense. There is no such thing as an aggy profit for this reporting period.
Wow, this really was a smart post. Thanks Smart Post
Posted on 7/3/18 at 9:29 am to agrunner
quote:
Auburn is poorer than LSU, that’s just sad
They were a lot richer for the first half of the season, then inexplicably LSU came storming back to edge them.
Posted on 7/3/18 at 9:31 am to TheHarahanian
quote:
They were a lot richer for the first half of the season, then inexplicably LSU came storming back to edge them.
noice **snicker**
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