Finished with a $20M deficit in their athletic budget. Good grief.

http://meangreenblog.dentonrc.com/2017/0...2016.html/

(01-03-2017 10:50 AM)eagle04 Wrote:  Finished with a $20M deficit in their athletic budget. Good grief.

http://meangreenblog.dentonrc.com/2017/0...2016.html/

Texas A&M finishes with an $83 million profit!

And that's with almost $11 million in student fees!

These deficits are something that never gets accounted for when people compare budgets. By state law, we have to balance our books. We have a +/- $20 million budget, but that's what gets spent, and that's what comes in (albeit some at the last minute to cover the gap). We're actually in better shape than schools with $30/40 million budgets but $10-20 million of it being in red ink.

(01-03-2017 01:04 PM)HarborPointe Wrote:  And that's with almost $11 million in student fees!

These deficits are something that never gets accounted for when people compare budgets. By state law, we have to balance our books. We have a +/- $20 million budget, but that's what gets spent, and that's what comes in (albeit some at the last minute to cover the gap). We're actually in better shape than schools with $30/40 million budgets but $10-20 million of it being in red ink.

Harbor, thanks for pointing this out. Many people talk about 'budget' which isn't equal weighting

(01-03-2017 01:04 PM)HarborPointe Wrote:  And that's with almost $11 million in student fees!

These deficits are something that never gets accounted for when people compare budgets. By state law, we have to balance our books. We have a +/- $20 million budget, but that's what gets spent, and that's what comes in (albeit some at the last minute to cover the gap). We're actually in better shape than schools with $30/40 million budgets but $10-20 million of it being in red ink.

The schools are spending it under the assumption that "if you spend it they will come". Not necessarily sure that will happen but they are spending it. It will be replaced by the state or new fees. One way or another they will get it back. Meanwhile we are falling further and further or behind.

Just think Ricky V is pulling every string possible to get our job

(01-03-2017 03:28 PM)Thegoldstandard Wrote:  Just think Ricky V is pulling every string possible to get our job

They loved him at North Texas and he is one of us.*****

(01-03-2017 04:14 PM)SoMs Eagle Wrote:  

(01-03-2017 03:28 PM)Thegoldstandard Wrote:  Just think Ricky V is pulling every string possible to get our job

They loved him at North Texas and he is one of us.*****

I think that's the dude that kept saying, "Yes, we are working on that very idea today."

(01-03-2017 05:35 PM)CajunEagle Wrote:  

(01-03-2017 04:14 PM)SoMs Eagle Wrote:  

(01-03-2017 03:28 PM)Thegoldstandard Wrote:  Just think Ricky V is pulling every string possible to get our job

They loved him at North Texas and he is one of us.*****

I think that's the dude that kept saying, "Yes, we are working on that very idea today."

Mr. We Are Working On It... We're Working On It... WWOI

There may be a place for him on staff at Southern Miss. AD is not the place.

(01-03-2017 03:07 PM)SoMs Eagle Wrote:  

(01-03-2017 01:04 PM)HarborPointe Wrote:  And that's with almost $11 million in student fees!

These deficits are something that never gets accounted for when people compare budgets. By state law, we have to balance our books. We have a +/- $20 million budget, but that's what gets spent, and that's what comes in (albeit some at the last minute to cover the gap). We're actually in better shape than schools with $30/40 million budgets but $10-20 million of it being in red ink.

The schools are spending it under the assumption that "if you spend it they will come". Not necessarily sure that will happen but they are spending it. It will be replaced by the state or new fees. One way or another they will get it back. Meanwhile we are falling further and further or behind.

It's a shell game that can only be played for so long. Higher Ed costs are becoming a major political issue, and tens of millions of dollars in student fees and state funds being poured into athletic programs that relatively few people give a damn about won't fly forever. That's especially true given the fact that the high-resource schools tend to be the ones controlling the statehouses. Virginia has already passed a law that by year "x," only "y" percent of an FBS athletic budget can be raised via student fees. ODU is having to make changes to accommodate, and it's putting a fork in others' thoughts of moving up.

(01-03-2017 03:07 PM)SoMs Eagle Wrote:  The schools are spending it under the assumption that "if you spend it they will come".

What's our strategy? If we don't spend it, they'll come anyway? Don't spend it unless they come?

(01-04-2017 05:22 PM)AndreWhere Wrote:  

(01-03-2017 03:07 PM)SoMs Eagle Wrote:  The schools are spending it under the assumption that "if you spend it they will come".

What's our strategy?

(01-04-2017 06:06 PM)tg300 Wrote:  

(01-04-2017 05:22 PM)AndreWhere Wrote:  

(01-03-2017 03:07 PM)SoMs Eagle Wrote:  The schools are spending it under the assumption that "if you spend it they will come".

What's our strategy?

I have the shoes but not a revolver. Are semi-autos legal in G5 competition?

(01-04-2017 05:22 PM)AndreWhere Wrote:  

(01-03-2017 03:07 PM)SoMs Eagle Wrote:  The schools are spending it under the assumption that "if you spend it they will come".

What's our strategy?

Monitor the situation?

(01-03-2017 01:04 PM)HarborPointe Wrote:  And that's with almost $11 million in student fees!

Not quite. Gotta click the links for the true story rather than the writers twist. The 20 million loss does NOT include the 10+ million in student fees nor the 9+ million in university provided funds. They spent 30+ million with 10 coming from tickets/donations and the remaining 20 from students and university funds.

(01-04-2017 06:22 PM)SoMs Eagle Wrote:  

(01-04-2017 05:22 PM)AndreWhere Wrote:  

(01-03-2017 03:07 PM)SoMs Eagle Wrote:  The schools are spending it under the assumption that "if you spend it they will come".

What's our strategy?

Monitor the situation?

To our credit, we did eventually run that guy out of town with pitchforks. Our shame is that this was done at exactly the wrong time.

(01-04-2017 06:27 PM)AndreWhere Wrote:  

(01-04-2017 06:22 PM)SoMs Eagle Wrote:  

(01-04-2017 05:22 PM)AndreWhere Wrote:  

(01-03-2017 03:07 PM)SoMs Eagle Wrote:  The schools are spending it under the assumption that "if you spend it they will come".

What's our strategy?

Monitor the situation?

To our credit, we did eventually run that guy out of town with pitchforks. Our shame is that this was done at exactly the wrong time.

It's never the wrong time to stick a pitchfork in a rattlesnake.

(01-04-2017 06:30 PM)WinOrLoseEAGLE Wrote:  

(01-04-2017 06:27 PM)AndreWhere Wrote:  

(01-04-2017 06:22 PM)SoMs Eagle Wrote:  

(01-04-2017 05:22 PM)AndreWhere Wrote:  

(01-03-2017 03:07 PM)SoMs Eagle Wrote:  The schools are spending it under the assumption that "if you spend it they will come".

What's our strategy?

Monitor the situation?

To our credit, we did eventually run that guy out of town with pitchforks. Our shame is that this was done at exactly the wrong time.

It's never the wrong time to stick a pitchfork in a rattlesnake.

+100

(01-04-2017 06:27 PM)WinOrLoseEAGLE Wrote:  

(01-03-2017 01:04 PM)HarborPointe Wrote:  And that's with almost $11 million in student fees!

Not quite. Gotta click the links for the true story rather than the writers twist. The 20 million loss does NOT include the 10+ million in student fees nor the 9+ million in university provided funds. They spent 30+ million with 10 coming from tickets/donations and the remaining 20 from students and university funds.

I did read the link. That's where I got the figure. You're right, though. The whole thing is deceptive since if you do the math, there is no real deficit, just additional sources of income covering what the department didn't generate on its own. You could maybe argue a $9 million deficit if the university coughed up its part after the fact, but if that was planned for, then no.

That said, again, those income sources are not going to be sustainable. The day when folks stop and say, "We're not paying for this s*** anymore" is coming sooner rather than later.

(01-04-2017 05:22 PM)AndreWhere Wrote:  What's our strategy?

To b**** our way to national prominence.