Also, why does Texas A&M take nearly 60M in profit, while Michigan and Ohio State take about 6M. New stadium? other revenue?
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Also, why does Texas A&M take nearly 60M in profit, while Michigan and Ohio State take about 6M. New stadium? other revenue?
Winning in the playoffs helps. Going deep. SHSU has been to two title games and a consistent quarterfinalist at minimum. They consistently win, and dominate really, the SLC. They in TX and not AR. Football is religion there.
Also your university leadership investing in athletics and succeeding on the field clearly helps too.
If you click on each school you can toggle to expenses and see it broken down somewhat. Texas A&M did have more revenue than UM and OSU but they also had significantly lower expenses. For instance, TAMU spent ~$21M less on coaching salaries than OSU did and about $13.5M less on scholarships than UM did.
I recall reading an article about a year I ago I think also saying that the Michicgan athletic department staff had grown something like 40% over the last 5 years. So these P5 ADs are incredibly bloated and obviously very free spending.
Many have to be free spending . They are bringing in so much money that they have to spend insane amounts of money to keep the budget "balanced".
It's not a coincidence that Iowa's Kinnick Stadium underwent a massive renovations over the last decade - renovating entire stands, refacing entire stadium, bathrooms, offices, suites, pressbox renovations, multiple videos boards,etc...
And this summer they broke ground on another 90m renovation project that is going to tear down the entire north stand (which they just put about 10m into in 2013 for video and ribbon boards) and build and all new stand with suites.
If I showed you a photo from 05 and what it looks like today and what it will look like in 3 years you wouldn't believe it was the same stadium.
Same story at Iowa State - millions on a new video board about 3 years ago. Then a 60m renovation to the south end zone of Jack Trice. About a decade ago was an IPF. There is now talk about how to spend tens upon tens of millions of dollars on facilities moving forward - Jack Trice press boxes, concessions, bathrooms, upgrade IPF, upgrade the basketball arena, wrestling facility, etc...
It is really not free money. If the student applies for the scholarship they have to commit to stay and work in New York State for four years after they graduate. If they leave after graduation then they are obligated to payback the loan with interest. I understand this is not a popular since many kids do not want to commit to stay in New York and I cant blame them .
Our university's idea of fundraising for athletics is sending out a pamphlet once a year with what levels you can give donations. I've given up on them doing things different here. They just keep on creating jobs in the promotion department yet no one knows we exist and you NEVER see advertising. Yet we somehow end up second or third in conference while trying to attract athletes to a state not known for football, to a school with a striped field and a 9,000 seat stadium, and to a program that has forgotten you need to reach the fans..they won't come to you.
I honestly can't blame the state for instituting that rule though. If they're going to invest in college educations for their citizens, they need to know that they're staying within their local economy. It would be awful if they DIDN'T put that in the legislation.
Matty - Yes, Stadium renovations - they had over $50 million in donations specifically for Kyle field!
https://www.usatoday.com/story/sport...lite/79567194/
Not directly related to this thread, but somewhat related and of some interest to MVFC and OVC people....
Illinois finally approved a budget (had gone over 2 years without one), which means that the state schools (relevant to us: IL State, Western, Southern, and Eastern) can finally have some measure of security in putting together their budgets for the year. Most universities are getting a 10% cut from the last actual budget two years ago, but it's MUCH better than what we've been dealing with the last two years.
I'm not trying to make this political, just wanted to toss this info out there with the funding discussion.