(03-09-2015 06:39 PM)Marge Schott Wrote:  So this wasn't posted to be an "autonomy and full cost of attendance" thread, but instead meant to as an example of "tv revenue and conference realignment" discussion?

Jesus Christo *facepalm*

Of course FSU is going to have to move money around to pay for the increased costs, just like every other single school. This is a non-story, but Warchant loves to release these articles/interviews in order to get clicks and get linked by other media outlets.

Notice how the article says, "We're looking to take care of this issue in-house without having to rely on [Seminole] Boosters for any additional dollars." In other words, FSU has the money to pay for it, just like FSU had the money to cover the ballyhooed "budget shortfall" several years ago. But that doesn't make the news and gets lost in the headline.

I have no idea what kind of absurd crusade "nole" is on right now.

And FSU has 20 scholarship sports (counting indoor and outdoor track as separate sports), since it was asked.

I don't think it will be very hard to come up with $2M. Instead of a $300/night hotel, do a $200/night room. Instead of crab and lobster for dinner, do crab OR lobster. Quit sending recruits 50 pieces of mail at a time.

FSU isn't broke, nor is it "crying poor". While there are very real conference revenue concerns, this isn't related.

EDIT: Since some of you clearly didn't even bother reading:

Quote:FSU already is in the midst of a $250 million fundraising campaign that is designed to support athletics facilities, scholarships and team operating budgets.

Also, I believe FSU is already receiving about $20M/year in contributions.

Marge - I found the following:

If the US Department of Ed website is correct, you collected about $16 million last year in contributions. Clemson collected $16 million, NC State collected $10 million, and Miami collected $22 million. Now, embedded in the collections is the donation or interest off of a endowment and that's not something you can figure from their website. I did see that Florida had apparent contributions of $36 million, Auburn $31 million, SC, $29 million, and Bama $32 million.

Football revenue and expense was shown as:

Bama 95 million/42 M
UF 69 million / 23 M

I think Bama and UF had 8 home games.

FSU 57 million / 32 M
SC 57 million / 26 M
Auburn 49 million / 49 M (paying buyouts?)
Clemson 42 million / 25 M
NC State 38 million / 20 M

These 5 had 7 home games

Miami 33 million / 28 M

I can't remember how many Miami had.

Total reported revenues versus expenses and net or loss

Bama - $152/115 net retained $37 million
UF - $113/113 net retained $ 0
Auburn - $113/120 net loss of $7 million
FSU - $104/103 net retained $1 million
SC - $98/98 net retained $ 0 but a disclosed $10 M transfer into revenue from retained so actually a net loss of $10 M
CU - $73/73 net retained $ 0
NC State - $70/65 net retained $5 million

For many schools the revenue pecking order seems to be Football tickets, General Donations, Conference and TV, and Basketball.

Everyone in the SEC will get an extra $5 million for the SECN. While that's nice, it brings no one closer to Bama. Having an extra 20K football seats to sell is 140,000 a year and worth an extra $10-20 million a year.

For Clemson and FSU to get more revenue, they really need to add about 10K seats to their stadiums - 81-82K just cant compete with 95-100K.

Adding seats you can't fill is a ridiculous waste of money. Thinking that a bigger football stadium is the solution for every college sports problem is naive.

(03-09-2015 08:58 PM)Hallcity Wrote:  Adding seats you can't fill is a ridiculous waste of money. Thinking that a bigger football stadium is the solution for every college sports problem is naive.

Yup...it is all about amenities now...not seats.

(03-09-2015 08:19 PM)lumberpack4 Wrote:  

(03-09-2015 06:39 PM)Marge Schott Wrote:  So this wasn't posted to be an "autonomy and full cost of attendance" thread, but instead meant to as an example of "tv revenue and conference realignment" discussion?

Jesus Christo *facepalm*

Of course FSU is going to have to move money around to pay for the increased costs, just like every other single school. This is a non-story, but Warchant loves to release these articles/interviews in order to get clicks and get linked by other media outlets.

Notice how the article says, "We're looking to take care of this issue in-house without having to rely on [Seminole] Boosters for any additional dollars." In other words, FSU has the money to pay for it, just like FSU had the money to cover the ballyhooed "budget shortfall" several years ago. But that doesn't make the news and gets lost in the headline.

I have no idea what kind of absurd crusade "nole" is on right now.

And FSU has 20 scholarship sports (counting indoor and outdoor track as separate sports), since it was asked.

I don't think it will be very hard to come up with $2M. Instead of a $300/night hotel, do a $200/night room. Instead of crab and lobster for dinner, do crab OR lobster. Quit sending recruits 50 pieces of mail at a time.

FSU isn't broke, nor is it "crying poor". While there are very real conference revenue concerns, this isn't related.

EDIT: Since some of you clearly didn't even bother reading:

Quote:FSU already is in the midst of a $250 million fundraising campaign that is designed to support athletics facilities, scholarships and team operating budgets.

Also, I believe FSU is already receiving about $20M/year in contributions.

For Clemson and FSU to get more revenue, they really need to add about 10K seats to their stadiums - 81-82K just cant compete with 95-100K.

Good idea. Alabama, Penn State, Ohio State, Michigan and Texas should all build 150,000-seat stadiums, too. More seats means more money, yea?