UConn basketball made $6 million profit last year
5 minutes ago
HARTFORD, Conn. (AP)—A Connecticut legislative report shows the UConn men’s basketball program had a profit of just over $6 million in the 2008 fiscal year.
According to the Office of Legislative Research, the program earned $14.07 in revenue during year and had $7.8 million in expenses.
UConn coach Jim Calhoun, in response to questions in February about his $1.6 million salary in tough economic times, said his program made $12 million for the school. It was not clear if the coach was talking about revenue or profits.
Calhoun was traveling with his team Wednesday to Detroit and the Final Four, and could not be reached for comment. UConn spokesman Mike Enright said the school provided the data for the legislative report.
This article appeared on the Yahoo Sports website on Wednesday, April 1, 2009.
(04-01-2009 02:30 PM)Krocker Krapp Wrote: [ -> ]UConn basketball made $6 million profit last year
5 minutes ago
HARTFORD, Conn. (AP)—A Connecticut legislative report shows the UConn men’s basketball program had a profit of just over $6 million in the 2008 fiscal year.
According to the Office of Legislative Research, the program earned $14.07 in revenue during year and had $7.8 million in expenses.
UConn coach Jim Calhoun, in response to questions in February about his $1.6 million salary in tough economic times, said his program made $12 million for the school. It was not clear if the coach was talking about revenue or profits.
Calhoun was traveling with his team Wednesday to Detroit and the Final Four, and could not be reached for comment. UConn spokesman Mike Enright said the school provided the data for the legislative report.
This article appeared on the Yahoo Sports website on Wednesday, April 1, 2009.
Hey Krocker, good to see you posting here again.
Welcome back.
well, whatever he meant, his salary is part of the expenses, so his point...for better or worse...still stands. whether you agree with his point or not is a different story, but this does not contradict anything that he said. uconn basketball makes more money than it spends, even if it is spending a rather large amount to pay calhoun's salary.
(04-01-2009 02:34 PM)cuseroc Wrote: [ -> ]Hey Krocker, good to see you posting here again. Welcome back.
Thanks Cuseroc. It's been a crazy year with work/travel to this point so I haven't spent a lot of time online. I keep up with everything that is happening but just been too tired/lazy to post recently. Things seem to be getting better so I will probably be around a bit more now.
Considering how much John Calipari makes now, Calhoun is being underpaid and he is the better coach of the two. UCONN basketball is a money maker anyway you look at it.
14.07 million gross minus 7.8 million expenses that includes the coach's salary leaves 6.3 million reasons why UConn won't be voting with the FB schools for a split in June. I would imagine that Pitt and Cuse's financial BB success plus the big contract that all 3 schools just worked out with ND for FB will help to checkmate that split move too.
(04-01-2009 06:10 PM)panite Wrote: [ -> ]14.07 million gross minus 7.8 million expenses that includes the coach's salary leaves 6.3 million reasons why UConn won't be voting with the FB schools for a split in June. I would imagine that Pitt and Cuse's financial BB success plus the big contract that all 3 schools just worked out with ND for FB will help to checkmate that split move too.
The school and the state of CT have spent too much money on football to not look at the bigger picture. Basketball will always be there. Thanks to Calhoun UConn has a 'program' in basketball. That wont change if we stay in a 16 member frankenstein of a conference or split with the football members. I'm thinking the investment made overules any thought of staying in a conference made with differenct parts and zapped to life. UConn votes for split in my opinion. Sorry to disagree.
(04-01-2009 06:10 PM)panite Wrote: [ -> ]14.07 million gross minus 7.8 million expenses that includes the coach's salary leaves 6.3 million reasons why UConn won't be voting with the FB schools for a split in June. I would imagine that Pitt and Cuse's financial BB success plus the big contract that all 3 schools just worked out with ND for FB will help to checkmate that split move too.
Urgh... Calhoun already gone on record and said we should split. I think UCONN would definitely vote for a split if there is a vote.
UCONN is already one of the elite programs in the country with or without Catholic schools. A new conference won't change that.
Yeah, I definitely disagree with Panite there. I doubt we'd lose much money in basketball while we might gain some extra cash from adding a strong football member to the conference. The BE needs to split as soon as possible (or at LEAST cut out DePaul and Seton Hall).
Has that reporter said anything about Calhoun's salary lately?
(04-01-2009 08:37 PM)bitcruncher Wrote: [ -> ]Has that reporter said anything about Calhoun's salary lately?
Bit - the guy wasn't really a reporter but a political activist or something. After what Calipari just got paid, those guys really need to shut their mouths. Calhoun is a better coach and he is paid less than half of Calipari. Calhoun is not smooth with his words LOL. He will never come across smooth like Calipari. He tells it like it is and that can get him in trouble a lot of times. That being said, the guy is one of best coaches in the entire NCAA history.
(04-01-2009 06:10 PM)panite Wrote: [ -> ]I would imagine that Pitt and Cuse's financial BB success plus the big contract that all 3 schools just worked out with ND for FB will help to checkmate that split move too.
I doubt "Big East basketball success" has any effect at all on Pitt's long-time football series with Notre Dame. The Panthers and Irish, counting last year, have played 64 FB games in their history. No matter what conference Pitt is in, there would most likely be occasional FB series between the 2 schools, whether they were basketball linked or not.
(04-01-2009 10:31 PM)SF Husky Wrote: [ -> ] (04-01-2009 08:37 PM)bitcruncher Wrote: [ -> ]Has that reporter said anything about Calhoun's salary lately?
Bit - the guy wasn't really a reporter but a political activist or something. After what Calipari just got paid, those guys really need to shut their mouths. Calhoun is a better coach and he is paid less than half of Calipari. Calhoun is not smooth with his words LOL. He will never come across smooth like Calipari. He tells it like it is and that can get him in trouble a lot of times. That being said, the guy is one of best coaches in the entire NCAA history.
Absolutely in my book Calhoun is a guy I wanna do business with because he's honest, straight forward, and a guy who accomplishes great things. Calipari accomplishes great things too, but he's too much of a rah rah cheerleader. That's why I like Schiano if he's worried about how the team looks in the beginning of the season he says it.
(04-01-2009 06:10 PM)panite Wrote: [ -> ]14.07 million gross minus 7.8 million expenses that includes the coach's salary leaves 6.3 million reasons why UConn won't be voting with the FB schools for a split in June. I would imagine that Pitt and Cuse's financial BB success plus the big contract that all 3 schools just worked out with ND for FB will help to checkmate that split move too.
A vote in June on a split is on the table? I didnt hear anything about that. I thought it was a done deal that the BE was staying together. They did afterall just create a mens lax league. (i guess they could have associate members, but still)
(04-01-2009 07:39 PM)SF Husky Wrote: [ -> ] (04-01-2009 06:10 PM)panite Wrote: [ -> ]14.07 million gross minus 7.8 million expenses that includes the coach's salary leaves 6.3 million reasons why UConn won't be voting with the FB schools for a split in June. I would imagine that Pitt and Cuse's financial BB success plus the big contract that all 3 schools just worked out with ND for FB will help to checkmate that split move too.
Urgh... Calhoun already gone on record and said we should split. I think UCONN would definitely vote for a split if there is a vote.
UCONN is already one of the elite programs in the country with or without Catholic schools. A new conference won't change that.
Link? I know he has expressed concerns but I'm not sure he called for an outright split.
(04-02-2009 09:10 AM)MichaelSavage Wrote: [ -> ] (04-01-2009 07:39 PM)SF Husky Wrote: [ -> ] (04-01-2009 06:10 PM)panite Wrote: [ -> ]14.07 million gross minus 7.8 million expenses that includes the coach's salary leaves 6.3 million reasons why UConn won't be voting with the FB schools for a split in June. I would imagine that Pitt and Cuse's financial BB success plus the big contract that all 3 schools just worked out with ND for FB will help to checkmate that split move too.
Urgh... Calhoun already gone on record and said we should split. I think UCONN would definitely vote for a split if there is a vote.
UCONN is already one of the elite programs in the country with or without Catholic schools. A new conference won't change that.
Link? I know he has expressed concerns but I'm not sure he called for an outright split.
It is kind of old. Jim Calhoun basically said BE is too big and it is time for a split a while ago. I don't have a link but he said it publicly at one time. I have no doubt UCONN would vote for a split if such a vote is available. Catholic schools need UCONN more than the other way around.
They had their chance before BC bolted. Both sides need(ed) the other
(04-02-2009 07:12 AM)gosports1 Wrote: [ -> ] (04-01-2009 06:10 PM)panite Wrote: [ -> ]14.07 million gross minus 7.8 million expenses that includes the coach's salary leaves 6.3 million reasons why UConn won't be voting with the FB schools for a split in June. I would imagine that Pitt and Cuse's financial BB success plus the big contract that all 3 schools just worked out with ND for FB will help to checkmate that split move too.
A vote in June on a split is on the table? I didnt hear anything about that. I thought it was a done deal that the BE was staying together. They did afterall just create a mens lax league. (i guess they could have associate members, but still)
I would like to know more if there really is going to be an official vote. I hadn't heard of anything. If there were a vote I think UConn would vote in favor of a split.
A vote after this year's NCAA tournament? Not likely.
If the football schools actually want to split they will. I hope they do and I respect the Catholic schools and what they add but football drives the bus and we need room for expansion when a good candidate(s) comes along.