(04-24-2019 09:12 AM)Deez Nuts Wrote: (04-23-2019 06:24 PM)jmudukes001 Wrote: I cannot believe he was retained, and there were certainly questions about it other than from this message board. The questions came up in his press conferences, his postgame radio interviews, newspapers and at least Harrisonburg and Richmond sports talk radio shows that I heard. He was not even sure he was being retained in the final postgame show. Richmond sports radio guys were surprised at the announcement from Bourne. Again, JMU Basketball is so far down on the radar that it only got about 2 seconds of airtime.
Under these circumstances, why not buy out multiple years and make a concerted effort to pay more and get a quality coach. So what if a buyout of 2 years has not been done previously.
Because that comes with the cost of $1 million un-budgeted dollars that JMU doesn't have, so until you or someone else strokes the check to cover that, it's comical to think that we can just POOF make money out of thin air. You probably live on a budget. I do. JMU is no different. And as many here will remind you, our accountants adhere to budgets. JMU exists to educate students, not have a successful midmajor basketball team. I am not diminishing the importance that Athletics plays at JMU or the collegiate level; basketball is a high priority for JMU but it isn't the highest. We're not paying out Lou Rowe's contract and hiring a new coach on the backs of student fees. Keep it real here. If the results are crap next year, we'll take whatever the buyout is and move on. The math is simple for the accountants.
From one of the many accountants on here.
Men's Basketball and Football are businesses.
The true issue is the lack of revenue the Men's program is producing. It should be embarrasing that JMU's ticket sales generate $100,000 in ticket revenues compared to VCU brings in $3,300,000 of ticket revenues.
If the gate revenues got up to a reasonable number of say $1,500,000 a year the additional cost of a coach that could have us contending on a annual basis would be more than covered.
It's short sighted & rediculous we are losing $2,000,000 on Men's basketball which is taking funds from other sports. The way we are going to reduce the $2,000,000 is not to cut costs. Penny wise (on a head coach) is costing us (dollar short) $2,000,000 a year.
VCU Basketball Ticket Revenues $3,045,131
JMU Football Revenues $3,346,340
JMU Men's basketball revenues $118,541
JMU Women's basketball revenues $79,953
We're treating Men's Basketball like a non-revenue producing sport.
Look at VCU basketball - it shows what revenues can be earned for a quality program.
Look at JMU Football - it shows what the town of Harrisonburg will pay to support a quality program.
Look at the 1990's Harrisonburg has shown they can average over 6,000 fans a game when the school and town were half the size.
People are focusing on the costs, when they should be focusing on he bottom line.
Not paying for a quality coach is costing our atheletic program $2,000,000 a year.
Men's basketball is a revenue producing sport.