These figures are the compilation of per school revenue (state schools) as posted by USA Today for 2016 and as compiled by a poster on another site (Woomba). I thought they would be very advantageous to the board:
AAC
Gross Revenue: $358,790,508
Gross Expenses: $356,365,717
NET Revenue: $-157,609,922
Total # of Members Operating in the Black: 0
ACC
Gross Revenue: $723,334,594
Gross Expenses: $702,026,754
Total Subsidy: $ 63,094,302
Net Revenue: $ -41,786,472
Total # of Members Operating in the Black: 1
PAC12
Gross Revenue: $812,552,080
Gross Expenses: $827,744,931
Total Subsidy: $ 72,241,043
Net Revenue: $ -87,433,894
Total # of Members Operating in the Black: 0
Big 12
Gross Revenue: $ 826,692,629
Gross Expenses: $ 787,934,609
Total Subsidy: $ 21,326,876
Net Revenue: $ 17,431,144
Total # of Members Operating in the Black: 3
Big 10
Gross Revenue: $1,410,479,573
Gross Expenses:$1,385,855,317
Total Subsidy: $ 61,171,491
Net Revenue: $ -36,547,235
Total # of Members Operating in the Black: 5
SEC
Gross Revenue: $1,592,721,374
Gross Expenses:$1,372,919,534
Total Subsidy: $ 17,220,431
Net Revenue: $ 202,581,409
Total # of Members Operating in the Black: 13
IMPORTANT NOTES:
The Methodology Subtracts Gross Expenses and Total Subsidies From Gross Revenue to Yield NET Profit.
The Numbers are for State Schools Only (No Privates Included in the Information)
Some Conferences Count Subsidies Differently
Total Number of Members in the Black is for State Schools Only
(04-18-2016 12:59 PM)JRsec Wrote: [ -> ]These figures are the compilation of per school revenue (state schools) as posted by USA Today for 2016 and as compiled by a poster on another site (Woomba). I thought they would be very advantageous to the board:
AAC
Gross Revenue: $358,790,508
Gross Expenses: $356,365,717
NET Revenue: $-157,609,922
Total # of Members Operating in the Black: 0
ACC
Gross Revenue: $723,334,594
Gross Expenses: $702,026,754
Total Subsidy: $ 63,094,302
Net Revenue: $ -41,786,472
Total # of Members Operating in the Black: 1
PAC12
Gross Revenue: $812,552,080
Gross Expenses: $827,744,931
Total Subsidy: $ 72,241,043
Net Revenue: $ -87,433,894
Total # of Members Operating in the Black: 0
Big 12
Gross Revenue: $ 826,692,629
Gross Expenses: $ 787,934,609
Total Subsidy: $ 21,326,876
Net Revenue: $ 17,431,144
Total # of Members Operating in the Black: 3
Big 10
Gross Revenue: $1,410,479,573
Gross Expenses:$1,385,855,317
Total Subsidy: $ 61,171,491
Net Revenue: $ -36,547,235
Total # of Members Operating in the Black: 5
SEC
Gross Revenue: $1,592,721,374
Gross Expenses:$1,372,919,534
Total Subsidy: $ 17,220,431
Net Revenue: $ 202,581,409
Total # of Members Operating in the Black: 13
IMPORTANT NOTES:
The Methodology Subtracts Gross Expenses and Total Subsidies From Gross Revenue to Yield NET Profit.
The Numbers are for State Schools Only (No Privates Included in the Information)
Some Conferences Count Subsidies Differently
Total Number of Members in the Black is for State Schools Only
AS I have mentioned before, subsidies can be tricky, because you have accounting people manipulating the public's money and you can rarely get the truth out of a good CPA.
Carolina's subsidy (roughly $9M) is the payment from the Ram's Club endowment to the University to pay all scholarship costs for all athletes in all 28 sports. For these monies the Ram's Club gets certain concessions from the University so that they can encourage donations.
Because these funds are paid by the Ram's Club, the $9M is able to be used for other parts of UNC rather than becoming a budget line item for the Athletic Department. But because the monies come from outside the athletic budget, it is counted a subsidy. If the Ram's Club gave the same $9M to the college of Arts and Sciences instead, Carolina would have the same income and no subsidy.
The bottom line JR is that those numbers are skewed without the proper footnotes.
(04-18-2016 02:42 PM)XLance Wrote: [ -> ] (04-18-2016 12:59 PM)JRsec Wrote: [ -> ]These figures are the compilation of per school revenue (state schools) as posted by USA Today for 2016 and as compiled by a poster on another site (Woomba). I thought they would be very advantageous to the board:
AAC
Gross Revenue: $358,790,508
Gross Expenses: $356,365,717
NET Revenue: $-157,609,922
Total # of Members Operating in the Black: 0
ACC
Gross Revenue: $723,334,594
Gross Expenses: $702,026,754
Total Subsidy: $ 63,094,302
Net Revenue: $ -41,786,472
Total # of Members Operating in the Black: 1
PAC12
Gross Revenue: $812,552,080
Gross Expenses: $827,744,931
Total Subsidy: $ 72,241,043
Net Revenue: $ -87,433,894
Total # of Members Operating in the Black: 0
Big 12
Gross Revenue: $ 826,692,629
Gross Expenses: $ 787,934,609
Total Subsidy: $ 21,326,876
Net Revenue: $ 17,431,144
Total # of Members Operating in the Black: 3
Big 10
Gross Revenue: $1,410,479,573
Gross Expenses:$1,385,855,317
Total Subsidy: $ 61,171,491
Net Revenue: $ -36,547,235
Total # of Members Operating in the Black: 5
SEC
Gross Revenue: $1,592,721,374
Gross Expenses:$1,372,919,534
Total Subsidy: $ 17,220,431
Net Revenue: $ 202,581,409
Total # of Members Operating in the Black: 13
IMPORTANT NOTES:
The Methodology Subtracts Gross Expenses and Total Subsidies From Gross Revenue to Yield NET Profit.
The Numbers are for State Schools Only (No Privates Included in the Information)
Some Conferences Count Subsidies Differently
Total Number of Members in the Black is for State Schools Only
AS I have mentioned before, subsidies can be tricky, because you have accounting people manipulating the public's money and you can rarely get the truth out of a good CPA.
Carolina's subsidy (roughly $9M) is the payment from the Ram's Club endowment to the University to pay all scholarship costs for all athletes in all 28 sports. For these monies the Ram's Club gets certain concessions from the University so that they can encourage donations.
Because these funds are paid by the Ram's Club, the $9M is able to be used for other parts of UNC rather than becoming a budget line item for the Athletic Department. But because the monies come from outside the athletic budget, it is counted a subsidy. If the Ram's Club gave the same $9M to the college of Arts and Sciences instead, Carolina would have the same income and no subsidy.
The bottom line JR is that those numbers are skewed without the proper footnotes.
I realize that X. But the gross revenue figures and expense figures tell a quite amazingly different story. The subsidies are the footnote. Most athletic departments spend close to whatever it is they make, especially in the publicly funded universities where state budgets are cut if the money isn't spent.
And I did not that subsidies are handled differently with the various schools.