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scrooster
South Carolina Fan
Resident Ethicist
Member since Jul 2012
32616 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
quote:

Coots always lap this garbage juice up!

Your mother always laps this coot's juice up.


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bgator85
Florida Fan
Sarasota
Member since Aug 2007
5458 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
I'd like to see where USA Today is pulling these numbers from. UF posts its financials online every year, and none of those reports ever come close to matching what gets reported here. I'm curious how USA Today is putting this together.


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30
CajunTiger_225
LSU Fan
Baton Rouge
Member since Jan 2015
7988 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
Except everything I said is a fact.


RatRodDawg
Georgia Fan
USC Trojans alum/Los Angeles
Member since Nov 2018
1749 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
quote:

Ohio State joins TEXAS as the second school in college athletics history to have a $200 million-plus budget.

And the second school along with TEXAS with over $200 million+ in expenses. Not much to brag about when your expenses nearly equal or exceed your revenues.


RatRodDawg
Georgia Fan
USC Trojans alum/Los Angeles
Member since Nov 2018
1749 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
"When it comes to total operating income, the Aggies appear to be in much better shape. A&M had a surplus of more than $65.4 million, while Texas actually had a deficit of $2.5 million. However, those numbers can be slightly misleading."

"In January, A&M athletics' chief financial officer, Jeff Toole, told USA Today the Aggies aren't actually bringing in that much revenue when facilities contributions are considered. Toole told the outlet A&M is "basically break-even, maybe a little less than break-even, for the year."

Perhaps that's why A&M's facilities are superior to Texasssss'.


RatRodDawg
Georgia Fan
USC Trojans alum/Los Angeles
Member since Nov 2018
1749 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
quote:

But since they aren't a state school, they do not have to disclose financial records to the public. And they don't as a policy.

By "state" you mean public; private schools aren't required to disclose their financials.


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Krampus
Texas A&M Fan
Member since Nov 2018
217 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
They used all that extra cash to buy a kickass 3D printer. Now they just print a new trophy every time the 2005 title game gets replayed on the Longhorn Network.


Smart Post
Texas Fan
Member since Feb 2018
3539 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
One more time, for the slow-witted Bulldog... Even though I think you saw the light with your snide remark.

Donations to retire athletics debt related to building projects are counted as revenue, but NOT toward operational expenses, thus inflating both revenue and what is being considered as "profit."

It is not profit. It is passing directly through the department as a revenue but not expense.

Hasn't Georgia completed a multimillion dollar improvement to your football stadium?

Has the lightbulb turned on yet?


Farmer1906
Houston Astros Fan
The Woodlands, TX
Member since Apr 2009
34685 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
If you state an opinion then call it a fact, it’s still an opinion.


Korin
Florida Fan
Member since Jan 2014
35915 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
quote:

They used all that extra cash to buy a kickass 3D printer. Now they just print a new trophy every time the 2005 title game gets replayed on the Longhorn Network.

Because they've been voted #1 in the Coaches Poll 4x, not 5. 1963, 1969, 1970, and 2005.


Smart Post
Texas Fan
Member since Feb 2018
3539 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
The TEXAS athletics department has $190.6 million in debt

The Aggies sold $320 million in 30-year bonds in 2013 that added to existing debt, whatever that may be.
This post was edited on 8/13 at 11:16 pm


Reservoir dawg
Mississippi St. Fan
Member since Oct 2013
8310 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
quote:

That's gross. Now take a look at net.


We had a nice little $10 million surplus.
This post was edited on 8/13 at 11:15 pm


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RatRodDawg
Georgia Fan
USC Trojans alum/Los Angeles
Member since Nov 2018
1749 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
quote:

Has the lightbulb turned on yet?

Mr. Motel 6...I know quite a bit about financials. Your bulb must've popped a wire because I'm way ahead of you.

I merely pointed out that expenses that nearly equal and/or exceed revenues is not a good thing. Never on a balance book. I don't care what your donations are, retired debt, op expenses, etc. I'm not referring to net profit and such.

I'm only saying...when expenses nearly equal and/or exceed your revenues, it's...not...a...good...thing.

You can bet your tootsie roll that Texas owes an Obama-sized, Iranian-donated mountain of money (all forms of debt).

The simple figures shown in the link show that A&M does a better job of controlling expenses against revenues. That's all. No 5th grade explanation that you gave is necessary.


Krampus
Texas A&M Fan
Member since Nov 2018
217 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
quote:

quote:
They used all that extra cash to buy a kickass 3D printer. Now they just print a new trophy every time the 2005 title game gets replayed on the Longhorn Network.

Because they've been voted #1 in the Coaches Poll 4x, not 5. 1963, 1969, 1970, and 2005.


I was referring to the fact that the crystal ball trophy didn't start until the 1980's, meaning they only got one for 2005. But after a quick google search it turns out schools can order crystal ball trophies for Coaches Poll titles from prior to the trophy's introduction. I didnt know thay until today.

So Texas ordered trophies after thr fact for the 1963, 1969, and 1970 seasons. Maybe one was a misprint, they were like "frick it, put it in the case with the others."


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Smart Post
Texas Fan
Member since Feb 2018
3539 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
quote:

I'm only saying...when expenses nearly equal and/or exceed your revenues, it's...not...a...good...thing. ... The simple figures shown in the link show that A&M does a better job of controlling expenses against revenues. That's all. No 5th grade explanation that you gave is necessary.

You are completely ignoring facts that have been posted already. A&M is "break-even, maybe a little less than break-even" on everyday athletics operational revenues and expenses.

Georgia also is in the midst of a major fundraising campaign that is inflating revenues (but isn't counted toward expenses).

Are you dense, son?


Hugh McElroy
Texas A&M Fan
Member since Sep 2013
10237 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
Shut the frick up, Randy.


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Smart Post
Texas Fan
Member since Feb 2018
3539 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
In fact, Georgia is so tapped out on fundraising right now that your weight room expansion will have to wait

From the link:
quote:

Right now the UGA athletic department is still raising funds for that west end zone project. McGarity estimates that approximately $48 million of the $53 million needed has been pledged. The athletic department plans to use $10 million in reserves to get to the full cost of the project.


Followed by

quote:

More will be needed. In talking about the renovations and expansions for other sports, Morehead once again pointed out that additional fundraising would be needed. The university has a strict policy of not overextending itself in regards to pulling from reserve funds so as maintain its AAA bond rating.


Yet your school has already overextended itself by pulling from its reserve funds.

It's not clear whether that policy is academic-side or athletics, but it appears Georgia is cash-strapped right now.

There is NO PROFIT.
This post was edited on 8/13 at 11:49 pm


Hugh McElroy
Texas A&M Fan
Member since Sep 2013
10237 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
Seriously, Randy. Shut the frick up.


For those who don't know...Smart Post is Randolph Duke, and he is insane. He is seriously obsessed with A&M, and he is having trouble accepting the fact that moving to the SEC was an incredibly good decision for A&M, since he wouldn't shut up about how A&M was going to lose money in the SEC. He has shown himself to be hilariously, epically wrong time and time again.


Smart Post
Texas Fan
Member since Feb 2018
3539 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
Why don't you post your own facts that dispute my assertion (based on facts) that your athletics department is not making tens of millions in profit, instead of babbling like a dumbass?


Old Hellen Yeller
Alabama Fan
Chicago
Member since Jan 2014
7432 posts

re: Seven (7) SEC schools in the Top 15 of Athletic Department Revenues
quote:

And the second school along with TEXAS with over $200 million+ in expenses. Not much to brag about when your expenses nearly equal or exceed your revenues.


Perhaps but I’m not sure I want an AD that sits on a pile of cash when it could be spent on better/more coaches, new facilities or more scholarships/more sports.


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