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Va Colleges Spending on Football & Basketball
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BigTribe3 Offline
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Post: #11
RE: Va Colleges Spending on Football & Basketball
Football's numbers are deceptive...we have spent 27 million in the past three years on the stadium
and a million plus more on a new field surface and our football practice facilities. They are not reflected in the six million plus number shown. Although on the lower side it is not terribly so. Much of the difference with Va and VPI is 63 scholarships versus 82 for them, sp out spending is on pace or very close to others in our division.

Basketball, however, is , as others have said, stunningly low...especially considering we fund 13 scholarships as does everyone else. Much of the figure reflects embarrassing coaches' salaries and
a puny recruiting budget

On the bright side next season will be the first that the major gift announced late last summer to fund all basketball scholarships perpetually (somewhere in the 25-30 million dollar range) takes effect. This means that we can spend two million dollars without funding the scholarships. If this occurs we will actually be on a par or near competitors.
06-11-2017 01:59 PM
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Mrs. Got Ribe Online
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Post: #12
RE: Va Colleges Spending on Football & Basketball
(06-11-2017 01:40 PM)LeadBolt Wrote:  Analyzing these numbers a small bit, if I'm correct we are 9 out of 14 in mbb expenditures. What is disturbing is that we could raise our spending by 72% and still be 9 out of 14. I wouldn't be so disheartened if we were a close 9th, as I am we're a distant 9th.

Wow-this is depressing. We can't even get them to increase it 50k to pay for a promised overseas trip.
06-11-2017 02:10 PM
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Mrs. Got Ribe Online
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Post: #13
RE: Va Colleges Spending on Football & Basketball
(06-11-2017 01:59 PM)BigTribe3 Wrote:  On the bright side next season will be the first that the major gift announced late last summer to fund all basketball scholarships perpetually (somewhere in the 25-30 million dollar range) takes effect. This means that we can spend two million dollars without funding the scholarships. If this occurs we will actually be on a par or near competitors.

I think I'll let Mr GR handle that one. Have at it...
06-11-2017 02:14 PM
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Got Ribe Offline
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Post: #14
RE: Va Colleges Spending on Football & Basketball
(06-11-2017 02:14 PM)Mrs. Got Ribe Wrote:  I think I'll let Mr GR handle that one. Have at it...

Oh thanks. 03-banghead

The policy, as it was explained to us, will be to apply some portion of the funds previously spent on scholarships back to the basketball program. It definitely won't be all of the money. My sense is that all sports will benefit from the savings, and that basketball has reason to hope that it will benefit more than most.

There's nothing nefarious here, and these are good people making tough decisions, but if you tried to take a gift which was supposed to be about basketball and turn it into something else entirely, this is exactly what you would do.

Serenity now.
06-11-2017 02:34 PM
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Mrs. Got Ribe Online
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Post: #15
RE: Va Colleges Spending on Football & Basketball
It will be interesting (and telling) to see what the increase in the basketball budget will be after this gift is realized.

It would also be interesting to know what the football budget increase was after the Zable scholarships went through.
06-11-2017 02:53 PM
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LeadBolt Offline
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Post: #16
RE: Va Colleges Spending on Football & Basketball
(06-11-2017 01:59 PM)BigTribe3 Wrote:  Football's numbers are deceptive...we have spent 27 million in the past three years on the stadium
and a million plus more on a new field surface and our football practice facilities. They are not reflected in the six million plus number shown. Although on the lower side it is not terribly so. Much of the difference with Va and VPI is 63 scholarships versus 82 for them, sp out spending is on pace or very close to others in our division.

Basketball, however, is , as others have said, stunningly low...especially considering we fund 13 scholarships as does everyone else. Much of the figure reflects embarrassing coaches' salaries and
a puny recruiting budget

On the bright side next season will be the first that the major gift announced late last summer to fund all basketball scholarships perpetually (somewhere in the 25-30 million dollar range) takes effect. This means that we can spend two million dollars without funding the scholarships. If this occurs we will actually be on a par or near competitors.

OK, if we assume midpoint of your range and a 4% payout, that would be $1.1 mm. according to the article our current spending is approx. $1.9 MM. If we got all of the increase that would still put us 10% or so behind GMU, the team just above us on the list.

I'm begining to think that the Athletic Department takes some sort of perverse pleasure at being a member of the forlorn 4...
(This post was last modified: 06-11-2017 03:18 PM by LeadBolt.)
06-11-2017 03:16 PM
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billymac Offline
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Post: #17
RE: Va Colleges Spending on Football & Basketball
I wanted to take look at the list and compare what percentage of money was available to a school's basketball team compared to the amount being spent by their football team. Obviously, that eliminated the schools that don't play football and the P-5 schools were eliminated because, well, because of money...just a different level of cash there.


Of this remaining group of 8 schools, we come in 8th. Here are the numbers:

1. UR has the closest balance, as their B-Ball spends about 71% as much money as the football team. This is probably because they are trending to basketball first and it has probably been changing for a few years now (Rocco's departure??).

2. NSU's basketball program spends about 46% as much money as the fb team.

3. Madison B-ball spends 39% as much as FB.

4. VMI B-Ball spends 38% as much as FB.

5. ODU, increasing FB spending, spends 37% as much on B-Ball.

6. Liberty, spending like crazy, on well, everything, spends 34% as much for B-Ball as FB.

7. Hampton's B-ball spends 33% as much as their FB team.

8. W&M spends 29% as much for basketball as we do for football.


The average is 40.8% as much spent on basketball, across the schools who fund both. Toss out UR's aggressive 71% and the Tribe's low 29% and the more accurate rate of state basketball teams spending 37.8% as much as their football teams, is the median number for the schools who are closest to us in level of play.


We would have to add about $640,000 to reach the 37.8% level. Obviously, there is more to this than just raw numbers, but we still have a ways to go to reach the median level.
(This post was last modified: 06-11-2017 03:33 PM by billymac.)
06-11-2017 03:31 PM
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Pete24 Offline
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Post: #18
RE: Va Colleges Spending on Football & Basketball
(06-11-2017 08:08 AM)Pete24 Wrote:  Very interesting piece in this morning's Richmond Times, listing the annual spending of Virginia's Division 1 colleges in Football & Basketball in 2016 (latest data available). No surprise to see VT at top of list in football ($31.1 million) and basketball ($9.4 million).

Interested to hear some interpretations & opinions from other folks in the Tribe community.

Here's the link to the article ...
http://www.richmond.com/sports/football-...56bed.html
06-11-2017 04:50 PM
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Tribe32 Offline
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Post: #19
RE: Va Colleges Spending on Football & Basketball
I agree that the administration doesn't treat any expenses as an investment. I'm not that old, but do remember when we were D1 in football and played name teams at home and the same for hoops. I can't pinpoint when the college just gave up, but it must have been in the early/mid 80s under Graves and Verkuil.
06-11-2017 05:08 PM
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Pete24 Offline
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Post: #20
RE: Va Colleges Spending on Football & Basketball
What is most significant to me on this list is Liberty University. They are 3rd in the state in football spending and 4th in basketball.
If you have followed Liberty over the years, this is amazing.
Ten years ago, Liberty University was deeply in debt, with no endowment.
Then, two things happened. First, in 2007, Jerry Falwell, Sr died -- and left the payout from his $34 life million insurance policy to the college.
The second thing that has happened is that Liberty's online college grew exponentially. They now have over 100,000 online students (4th largest online college in the U.S.), in addition to 12,000 on campus. And this online cash seems to be fueling their investment in athletics.
Every athletic team's facility has undergone a transformation since 2011 and they are all expandable. On a side note, Liberty athletics was in the news recently for agreeing to pay ODU an absurd $1.3 million appearance fee to come play them in Lynchburg in 2018.
Looking at the big picture, I am of the opinion that Liberty University's emphasis of their online college hurts their academic reputation and de-values a degree from Liberty.
06-11-2017 05:09 PM
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