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+------ Thread: Sweet Sixteen basketball spending (/thread-562924.html)
Sweet Sixteen basketball spending - Billy_Bearcat - 03-23-2012 10:39 PM
Just saw this from Enquirer. This is really disappointing. Shows how little we spend and make off of basketball compared to the other local schools. Local basketball spending
RE: Sweet Sixteen basketball spending - Bearcat_Bounce - 03-23-2012 10:46 PM
How UC has been able to compete in both basketball and football with their severe monetary disadvantage is amazing.
RE: Sweet Sixteen basketball spending - Ragpicker - 03-24-2012 06:16 AM
Now that we have new leadership atop the Athletic Department, the revenue stream should improve.
RE: Sweet Sixteen basketball spending - Bearcatbdub - 03-24-2012 07:42 AM
What's the answer here?
1. Improved attendance for out of conference schedule?
2. Sell more season tix?
3. New arena with better club seating?
Can't figure out how X hauls in 11.2 and we only get 5.2...
RE: Sweet Sixteen basketball spending - rath v2.0 - 03-24-2012 09:14 AM
Spend more on OOC buy games!
RE: Sweet Sixteen basketball spending - rath v2.0 - 03-24-2012 09:17 AM
Bitter sweet...that $4.9 million budget is $1.7 higher than it was just 2 years earlier.
RE: Sweet Sixteen basketball spending - Bearcatbdub - 03-24-2012 09:27 AM
(03-24-2012 09:14 AM)rath v2.0 Wrote: Spend more on OOC buy games!
Somebody needs to bookmark this thread when that argument comes up again- like we know it will sometime next october.
RE: Sweet Sixteen basketball spending - eroc - 03-24-2012 09:28 AM
how is louisville pulling in $40.9 million in revenue?
RE: Sweet Sixteen basketball spending - bearcatmark - 03-24-2012 09:50 AM
The real question is why is Xavier's revenue so much more than ours in basketball? They play more home and homes out of conference, and play better "buy" teams than we do and yet they spend less money and make double.
RE: Sweet Sixteen basketball spending - chatcat - 03-24-2012 09:58 AM
(03-24-2012 09:50 AM)bearcatmark Wrote: The real question is why is Xavier's revenue so much more than ours in basketball? They play more home and homes out of conference, and play better "buy" teams than we do and yet they spend less money and make double.
Two words: accounting techniques, private versus public........just sayin
RE: Sweet Sixteen basketball spending - rath v2.0 - 03-24-2012 10:00 AM
(03-24-2012 09:28 AM)eroc Wrote: how is louisville pulling in $40.9 million in revenue?YUM center prints $$. UL makes 4x more just in season tix and suite sales than our entire budget.
RE: Sweet Sixteen basketball spending - bearcatmark - 03-24-2012 10:06 AM
(03-24-2012 09:58 AM)chatcat Wrote:(03-24-2012 09:50 AM)bearcatmark Wrote: The real question is why is Xavier's revenue so much more than ours in basketball? They play more home and homes out of conference, and play better "buy" teams than we do and yet they spend less money and make double.
Two words: accounting techniques, private versus public........just sayin
Is it really funny accounting that allows them to spend less money to play a far better out of conference schedule?
RE: Sweet Sixteen basketball spending - rath v2.0 - 03-24-2012 10:13 AM
They don't pay operating and maintenance expenses for Cintas. Comes out of a separate facilities budget. As a state school, we do.
And X has a bunch of tourny credits piled up paying off like an annuity.
RE: Sweet Sixteen basketball spending - Ring of Black - 03-24-2012 11:06 AM
Doesn't look like our budget is that ridiculously low compared to Ohio State. Seems like our revenue, and therefore operating margin, needs a huge bump. Don't get me wrong, both areas need significant improvement, but operating margin seems to be the critical item, especially considering we've paid off the Shoe decades ago.
RE: Sweet Sixteen basketball spending - BeerCat - 03-24-2012 01:05 PM
Those first 3 programs are giants in college basketball, we just are not at that level yet. OSU and X have been in the Tournament consistently for the last decade or so.
This program is going good places, but it's not there yet. The fanbase will grow with the program if the team is consistently in the NCAA Tourney. It's a simple formula, keep winning.
RE: Sweet Sixteen basketball spending - subflea - 03-24-2012 01:58 PM
Sure would be nice to make more than $1 million so we could fully fund our nonrevenue sports and to prevent the athletic department as a whole from losing money. Maybe we will get Varsity Village paid off sometime before I am dead.
RE: Sweet Sixteen basketball spending - ohio1317 - 03-24-2012 02:09 PM
The other big point to keep in mind here is how basketball revenue and expenses are listed. It's come out in other lists that numbers aren't hugely reliable because different school mark costs and revenue differently. What Cincinnati lists as a basketball expense, someone else might list in a different area and vice-verse. For instance, how is the television contract money counted by the school? Is upkeep of the stadium put down in the basketball side, shared with other sports that use the same arena, or counted separately. How is merchandise sales counted? How are donations to the school counted? Even if they are largely for basketball reasons, that doesn't mean they are listed as such. There's a million questions like this and where you decide to list those costs/revenue can greatly change how lists turn out. I'm not saying this one is wrong (it maybe even be accurate), but it's hard to put too much weight on it.
RE: Sweet Sixteen basketball spending - bearcat54 - 03-24-2012 08:12 PM
(03-24-2012 09:28 AM)eroc Wrote: how is louisville pulling in $40.9 million in revenue?
louisville probably charges at least twice as much for a ticket and they can hold well over 16,000 a game too.
RE: Sweet Sixteen basketball spending - Topkat - 03-24-2012 08:33 PM
(03-24-2012 02:09 PM)ohio1317 Wrote: The other big point to keep in mind here is how basketball revenue and expenses are listed. It's come out in other lists that numbers aren't hugely reliable because different school mark costs and revenue differently. What Cincinnati lists as a basketball expense, someone else might list in a different area and vice-verse. For instance, how is the television contract money counted by the school? Is upkeep of the stadium put down in the basketball side, shared with other sports that use the same arena, or counted separately. How is merchandise sales counted? How are donations to the school counted? Even if they are largely for basketball reasons, that doesn't mean they are listed as such. There's a million questions like this and where you decide to list those costs/revenue can greatly change how lists turn out. I'm not saying this one is wrong (it maybe even be accurate), but it's hard to put too much weight on it.
Exactly, there are no accounting standards for departments within a university for reporting purposes.
Any of these type articles are not comparing apples to apples, although no doubt the obvious schools would rank ahead of most.
Looking at the numbers here, one has to wonder how we could afford to give coach a 33% raise yet had no money to buy games.
RE: Sweet Sixteen basketball spending - WarningSigns - 03-25-2012 03:02 PM
(03-24-2012 01:58 PM)subflea Wrote: Sure would be nice to make more than $1 million so we could fully fund our nonrevenue sports and to prevent the athletic department as a whole from losing money. Maybe we will get Varsity Village paid off sometime before I am dead.
Varsity Village was incredibly short sighted. Can't wait to get that black cloud paid off.
Its no mystery why money has been down. Basketball revenue will increase as the team continues to succeed. TV opportunities, ticket sales, merchandise, donations, sponsorships--all comes from winning. Our fan base still isn't 100% back, but its getting there. Whit is coming in at the right time to try and capitalize on the last couple years.