murrdcu
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Wilner: PAC $100M+ 2017 Debt
The Pac-12 is not quite halfway through its 12-year, $3 billion contract with ESPN and Fox.
But that money, in a sense, has already been spent. It has been spent on brick-and-mortar items like, well, brick and mortar.
An analysis of Pac-12 financial projections indicates the schools owe more than $100 million in debt service in fiscal year 2017 alone.
The vast majority of debt is funding massive infrastructure projects – stadiums and arenas, offices and training centers – designed to keep Pac-12 football and basketball teams competitive with those in peer conferences.
http://www.mercurynews.com/2017/05/24/co...res-folks/
It's not that bad. Only 10 schools turned info in, ASU didn't turn everything over.
The schools are overspending by a little, but nothing too drastic imho.
(This post was last modified: 05-24-2017 11:38 AM by JRsec.)
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05-24-2017 11:09 AM |
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JRsec
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RE: Wilner: PAC $100M+ 2016 Debt
(05-24-2017 11:09 AM)murrdcu Wrote: The Pac-12 is not quite halfway through its 12-year, $3 billion contract with ESPN and Fox.
But that money, in a sense, has already been spent. It has been spent on brick-and-mortar items like, well, brick and mortar.
An analysis of Pac-12 financial projections indicates the schools owe more than $100 million in debt service in fiscal year 2017 alone.
The vast majority of debt is funding massive infrastructure projects – stadiums and arenas, offices and training centers – designed to keep Pac-12 football and basketball teams competitive with those in peer conferences.
http://www.mercurynews.com/2017/05/24/co...res-folks/
It's not that bad. Only 10 schools turned info in, ASU didn't turn everything over.
The schools are overspending by a little, but nothing too drastic imho.
That's about 10 million per school. That's nothing.
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05-24-2017 11:26 AM |
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murrdcu
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RE: Wilner: PAC $100M+ 2016 Debt
(05-24-2017 11:26 AM)JRsec Wrote: (05-24-2017 11:09 AM)murrdcu Wrote: The Pac-12 is not quite halfway through its 12-year, $3 billion contract with ESPN and Fox.
But that money, in a sense, has already been spent. It has been spent on brick-and-mortar items like, well, brick and mortar.
An analysis of Pac-12 financial projections indicates the schools owe more than $100 million in debt service in fiscal year 2017 alone.
The vast majority of debt is funding massive infrastructure projects – stadiums and arenas, offices and training centers – designed to keep Pac-12 football and basketball teams competitive with those in peer conferences.
http://www.mercurynews.com/2017/05/24/co...res-folks/
It's not that bad. Only 10 schools turned info in, ASU didn't turn everything over.
The schools are overspending by a little, but nothing too drastic imho.
That's about 10 million per school. That's nothing.
Yeah, Oregon was the highest at $19M, but the headline sounded worse than when I read through it. Since I already copy and pasted some of the story, I decided to post it anyway. Well, we have it for reference now.
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05-24-2017 11:33 AM |
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murrdcu
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RE: Wilner: PAC $100M+ 2016 Debt
JR,
How do I change the title? Meant to put 2017.
Thanks
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05-24-2017 11:34 AM |
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