Not good
Darren Rovell @darrenrovell · 18m 18 minutes ago Schools that reported to have made no money on its men's basketball programs last year: St. John's, Georgetown, Cincinnati, Baylor.
I guess I will take solice in knowing that a lot of schools lost money on basketball this past year. I guess netting a zero is better than being in the whole.
Darren Rovell @darrenrovell · 4 hrs4 hours ago 41% of teams in the NCAA Tournament reported they either made no $ or lost $ on their basketball program last season.
(03-16-2015 03:33 PM)CliftonAve Wrote: [ -> ]Not good
Darren Rovell @darrenrovell · 18m 18 minutes ago Schools that reported to have made no money on its men's basketball programs last year: St. John's, Georgetown, Cincinnati, Baylor.
Is that for the calendar year 13-14 or 14-15?. I would of thought UC would have made money this year averaging close to $9,400 fans per game.
WooHoo! We cooked the books to only make no money, not lose our shirts. Think about that while in the Yum Center on Thursday.
A UC alum tweeted the following which may explain our $0 on the books:
Señor Alejandro @AlexAmend08 ·27m27 minutes ago
@darrenrovell @Bearcat_T Cincinnati's ticket structure see's a majority of the money as a "gift" to the general athletic fund. Not BBall
Also, apparently Butler only made $1.
No school would ever make a profit.... they are not for profit businesses (gigantic sarcasm).
(03-16-2015 04:05 PM)BeerCat Wrote: [ -> ]No school would ever make a profit.... they are not for profit businesses (gigantic sarcasm).
Yeah, John Oliver did a piece about the sham that is college athletics last night. It covers the "profits" of college programs. Either programs are rolling in money and doing their best to spend it so as to remain a non-profit (while seeking every way possible to make as much money as possible) or they are doing their best to keep up in the arms race that is college athletics while coaches, administrators and construction companies get mega rich.
https://www.youtube.com/watch?v=pX8BXH3S...tube_gdata
(03-16-2015 04:44 PM)Overrated Wrote: [ -> ] (03-16-2015 04:05 PM)BeerCat Wrote: [ -> ]No school would ever make a profit.... they are not for profit businesses (gigantic sarcasm).
Yeah, John Oliver did a piece about the sham that is college athletics last night. It covers the "profits" of college programs. Either programs are rolling in money and doing their best to spend it so as to remain a non-profit (while seeking every way possible to make as much money as possible) or they are doing their best to keep up in the arms race that is college athletics while coaches, administrators and construction companies get mega rich.
https://www.youtube.com/watch?v=pX8BXH3S...tube_gdata
It's not just the athletic programs. It's the entire universities.
Really the problem extends to most non profits. If the CEO of a non profit is making a million dollar salary then the organization is absolutely for profit. There is zero common sense applied to the situation, instead changing an account name from Retained Earnings to Net Assets means that a company has no tax liability. Don't get me wrong, I'm all for people not paying taxes but the current system could only be thought up by politicians anyway.....................
(03-16-2015 03:44 PM)Bearcat Jimmy-93 Wrote: [ -> ] (03-16-2015 03:33 PM)CliftonAve Wrote: [ -> ]Not good
Darren Rovell @darrenrovell · 18m 18 minutes ago Schools that reported to have made no money on its men's basketball programs last year: St. John's, Georgetown, Cincinnati, Baylor.
Is that for the calendar year 13-14 or 14-15?. I would of thought UC would have made money this year averaging close to $9,400 fans per game.
$9,400 fans? Wow even when I had center seats I did not pay $9,400 per game.
College athletic department profits/losses are completely dependent on how the university decides to do the accounting. Reports like this are meaningless unless you actually look at the books.
And it doesn't help that we are in the AAC...
Non of that includes merchandise and branding associated with college sports too.
(03-16-2015 05:48 PM)bearcats54 Wrote: [ -> ]And it doesn't help that we are in the AAC...
i miss the days of the BEAST, attendance wise.
definitely our glory days.
mc
(03-16-2015 07:12 PM)marcuscan Wrote: [ -> ] (03-16-2015 05:48 PM)bearcats54 Wrote: [ -> ]And it doesn't help that we are in the AAC...
i miss the days of the BEAST, attendance wise.
definitely our glory days.
mc
Actually the program's best years for attendance were in CUSA.
Interesting. How much money did UC make in the Big East or CSUA days for comparison sake?