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re: The University of Alabama - #1 in net profit of all NCAA schools
Posted on 12/8/10 at 11:19 am to GeauxTigersLee
Posted on 12/8/10 at 11:19 am to GeauxTigersLee
quote:
From what I understand, the profit is turned over to the university and is not kept by athletics. At least that's the case for LSU.
Yeah, I'm not positive how it all works.
quote:
The Ohio State University Department of Athletics sponsors 36 fully funded varsity teams - 17 for women, 16 for men and three co-educational. The department is committed to providing its more than 1,000 student-athletes with the finest in academic and athletics support in order to ensure a quality and life-enhancing experience. The Department of Athletics is completely self-supporting and receives no university monies, tax dollars or student fees. In Fiscal Year 2010-11, the Department of Athletics will transfer back to the University more than $30 million in assessments, including $15 million in grant-in-aid costs.
Is this how most universities work? Or is this more of a rarity?
This post was edited on 12/8/10 at 11:20 am
1
Posted on 12/8/10 at 11:19 am to BuckeyeFan87
quote:
I wonder what tOSU's net profit would be if it didn't support 36 varsity sports with our football program.
Baseball is an expensive sport.
Posted on 12/8/10 at 11:19 am to GeauxTigersLee
Not coincidentally WalMart's in Alabama shattered previous years sales records.
Posted on 12/8/10 at 11:29 am to RollTide1987
This means you are failures if you don't make a BCS game every year
Posted on 12/8/10 at 11:31 am to BuckeyeFan87
quote:
Is this how most universities work? Or is this more of a rarity?
Here's some commentary (including about tOSU) on how many work. From yesterday's TMQ:
LINK
Posted on 12/8/10 at 11:37 am to BuckeyeFan87
quote:do they suck at all of the 36 varsity sports like their football program sucks?
I wonder what tOSU's net profit would be if it didn't support 36 varsity sports with our football program.
Posted on 12/8/10 at 11:39 am to BamaDixi
quote:
do they suck at all of the 36 varsity sports like their football program sucks?
Of course, silly!
Posted on 12/8/10 at 11:46 am to RollTide1987
quote:not suprised...
The University of Alabama - #1 in net profit of all NCAA schools
Posted on 12/8/10 at 12:07 pm to PuntBamaPunt
quote:
PuntBamaPunt
That article is incorrect.
quote:
Recently the NCAA reported that only 14 Division I-A programs clear a profit, while no college or university in the United States has an athletic department that is financially self-sustaining. Nobody in Division I -- not Alabama, not Auburn, not Oklahoma, nobody -- has an athletic department that pays its own way.
LINK
He references Oregon as an example, and Oregon is not self-sustaining. Neither is Alabama or Auburn or Florida. But, schools like LSU and Ohio State are.
Any amount other than 0 in revenue for "Student fees", "Direct state or other government support", or "Direct institutional support" means the athletic department is not self-sustaining.
Posted on 12/8/10 at 12:13 pm to RollTide1987
Man, UGA has fallen off nicely. Guess that's what a 7 - 5 and 6 - 6 season will do for you. Still second in profitability though, as a result of basketball (needed) upgrades and new athletic offices/training rooms. So we gots that sh*t going for us.
Oh, and the third most valuable NCAA franchise per Forbes, so that's nice as well.
I guess.
Getting a little pukey thinking about 6 - 6 considering that.
Getting a lot pukey actually.
Oh, and the third most valuable NCAA franchise per Forbes, so that's nice as well.
I guess.
Getting a little pukey thinking about 6 - 6 considering that.
Getting a lot pukey actually.
Posted on 12/8/10 at 12:14 pm to GeauxTigersLee
A note on the "profit" thing (I'm the guy who wrote the piece being mentioned) - I really wouldn't put much stock in that as all, which I say in the post. Yes, the schools report revenue and expenses, and the difference makes up the "profit", but you can't know what expenses of School A are paid by the "university" or a foundation when School B might pay them from "athletics" and stuff like that.
Auburn spent $90 million on $92 million in revenue while Bama spent $85 million on $129 million in revenue? Clearly not apples to apples.
But the Bama revenue jump is pretty staggering. I'm just happy LSU is one of the programs that's still keeping up (somewhat).
Auburn spent $90 million on $92 million in revenue while Bama spent $85 million on $129 million in revenue? Clearly not apples to apples.
But the Bama revenue jump is pretty staggering. I'm just happy LSU is one of the programs that's still keeping up (somewhat).
Posted on 12/8/10 at 12:16 pm to RollTide1987
$44 million in profit?
Time to build a new baseball stadium!
Time to build a new baseball stadium!
Posted on 12/8/10 at 12:16 pm to GeauxTigersLee
quote:
1. Alabama – $44.0 million; 31% profit margin
2. Georgia – $11.7 million; 13.3% profit margin
3. Florida – $11.3 million; 9.7% profit margin
4. LSU – $7.7 million; 7.0% profit margin
5. Arkansas – $6.3 million; 8.0% profit margin
6. Vanderbilt – $4.2 million; 8.4% profit margin
7. Tennessee – $4.1 million; 4.0% profit margin
8. Kentucky – $3.4 million; 4.3% profit margin
9. Mississippi State – $1.8 million; 4.9% profit margin
10. Auburn – $1.7 million; 1.8% profit margin
11. South Carolina – $1.7 million; 2.1% profit margin
12. Ole Miss – $0; 0.0% profit margin
Hole-E-shite.
Posted on 12/8/10 at 12:19 pm to GeauxTigersLee
quote:
e references Oregon as an example, and Oregon is not self-sustaining. Neither is Alabama or Auburn or Florida. But, schools like LSU and Ohio State are.
Any amount other than 0 in revenue for "Student fees", "Direct state or other government support", or "Direct institutional support" means the athletic department is not self-sustaining.
That link does include "expenses paid for by university and third parties", without looking at their actual audit, I don't know what this really is. These two totaled $30 million for tOSU which shows a loss for that year.
This post was edited on 12/8/10 at 12:22 pm
Posted on 12/8/10 at 12:23 pm to NBamaAlum
quote:
1. Alabama – $44.0 million; 31% profit margin
wow. just incredible numbers there.
Posted on 12/8/10 at 12:26 pm to RollTide1987
quote:
45. Miami (Fla) – $56.1 million; 9.5% decline
Posted on 12/8/10 at 12:28 pm to RollTide1987
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$44.0 million
That should be plenty of enough money for Alabama to buy out Jim McElwain's contract. Or pay for another mercenary coach after Saban leaves.
Posted on 12/8/10 at 12:32 pm to RollTide1987
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1. Alabama – $129.3 million; 24.4% growth from 2008-09
I can't imagine any scenario where 24% growth is sustainable for any school.
Posted on 12/8/10 at 12:34 pm to wmr
quote:
I am pretty sure Arkansas "breaks even" every year due to Title IX.
We're all in the same feminist-ruddered boat.
Yep. It is just continuing women depending on men to pay for everything they want.
Posted on 12/8/10 at 12:37 pm to Crede15
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This is why its so hilarious when you hear people bitch about coaches' salaries. Saban is massively underpaid. We've just been printing money the last few years, and enrollment is way up. Everyone loves a good bandwagon.
6M a year (the highest in the country) is not underpaid
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