UofToledoFans
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RE: Ladies Basketball
(03-16-2023 03:00 PM)BearcatMan Wrote: (03-16-2023 02:25 PM)UofToledoFans Wrote: What is the "losing money" part of the budget? We draw the best in all three sports. Are tix too cheap? Too many student t shirt giveaways? Too much travel and hotel expenses? Is Tennis and track and soccer and swimming killing us harder than it kills other schools? Electricity too much for the sports complexes? Where is this money coming from we aren't using intelligently?
Scholarships are the largest expense outside of staff for the department. If you consider scholarships for the football team alone you're looking at almost $1.2M...now the funds themselves are wonky in how they're reported as many who know about the system can attest. For example, technically, the AD pays the housing stipends for every student athlete, so it isn't exactly lost revenue for the University seeing as how those beds wouldn't be filled otherwise, but they're still on the hook for footing the bill.
And yes, outside of Football being a positive revenue stream and Men's and Women's Basketball running at break even or slight deficits, the rest of the sports in the AD run massively revenue negative. Football doesn't generate near enough (and never will) to cover the asses of the other sports like it does anywhere else. We don't draw "near the best" in the three sports, in fact, in men's basketball and football, Toledo is in the lower third of D1 schools. Women's basketball is in the Top 40, but that's due to the large amount of giveaways and free ticket programs, not paying customers. There are only like 30 athletic departments that run at a net positive and another 30 or so that run at a deficit of less than 15%. The remaining run anywhere from a 25% to 90% deficit, most of the MAC are running between 65% and 80% (UT is in the middle at a 72% deficit this past year). Problem is, you can't cut any sports here, as we are already at the minimum necessary to remain an FBS school.
From public reports, the athletic department generated only $7.2M in non-donor revenue the last year reported [FY 20 (2019-2020)] for department expenses of just over $30M. When you account for gifts that can fluctuate year to year, that revenue number jumps to $9.4M...the rest is made up through student fees (perfectly reasonable given they can go to games for free) and institutional funds used to balance the budget, both are roughly $11M a piece and straight from the University's general operating revenue and not the AD.
So who is better in the MAC? Are operating costs just lower at some schools? Akron having literally zero revenue for fb has to tank them twice as much as us. Same with the 400 fans a game for wbb. Soccer is nice and all but what do they draw?
It feels like every school should be even with us with the exception of Ohio and WMU (giant donation). NIU has to be awful with travel being much more than our central local.
(This post was last modified: 03-16-2023 03:35 PM by UofToledoFans.)
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03-16-2023 03:33 PM |
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