The unofficial online home for fans of the Old Dominion University Monarchs. Part of Collegiate Sports Nation (CSN).

(03-19-2018 09:59 AM)Monarchblue Wrote:  

(03-19-2018 09:51 AM)odu09 Wrote:  

(03-19-2018 09:37 AM)Monarchblue Wrote:  

(03-19-2018 06:55 AM)odu09 Wrote:  Morning shift checking in. I haven't taken any finance classes, but hasn't our spending dramatically changed since JJs signing? We moved to FBS football which means more scholarships, TV money went from $1M or whatever it was to $200k, and we needed to start paying stipends to our athletes? We also had to give Bobby and his assistants a raise and we need to pay for a football starium. Am I missing anything else? I'm not trying to make excuses, sad I have to write that, but isn't that a reason why we can't afford a bigger contract?

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But again, what if BT hadn't fallen off the wagon? We, presumably, would still be stuck with his $800K. Would we have just forced him to take a pay cut, or would they have "found" the money to pay his salary? If they would have paid him, that means there is money that can be taken from somewhere to pay a coach that much.

We are in dire straits as an athletic program if we can't afford to build a FBS quality stadium, can't afford to pay our football coaches in the top half of CUSA, and can't afford to pay more that low major money for a basketball coach. If we truly are in that bad of a position, it seems some cuts may be in order. More likely, our admin is doing what colleges always do. They are crying poor to get more donations.

I think it's fair to say we jumped to FBS too early. We didn't have the infrastructure and we are still trying to catch up. The money our admin was counting on (TV) disappeared and their hands are tied, I assume.

I have no clue what would've happened with BT. I'm under the impression if everything went the way it did, except without BT tanking his career, then I ASSUME (again I have 0 clue) they would have had to restructure his contract or let him walk. Perhaps if BT was still performing well he would've left for higher teams anyway.

I seriously doubt that they would have asked a coach to take a pay cut, more likely they would have moved money around. Like I said in a previous post, I also have been told they were prepared to pay up to $1M for JJ's replacement.

Right, and that was in 2012? 2013? Didn't we move up to FBS around that time and thought we would be getting $1M or $2M (can't remember which) from TV? Idk, it just seems like a lot has changed for the worse between then and now, with more expenses and less money to pay them with.

(03-19-2018 10:17 AM)odu09 Wrote:  

(03-19-2018 09:59 AM)Monarchblue Wrote:  

(03-19-2018 09:51 AM)odu09 Wrote:  

(03-19-2018 09:37 AM)Monarchblue Wrote:  

(03-19-2018 06:55 AM)odu09 Wrote:  Morning shift checking in. I haven't taken any finance classes, but hasn't our spending dramatically changed since JJs signing? We moved to FBS football which means more scholarships, TV money went from $1M or whatever it was to $200k, and we needed to start paying stipends to our athletes? We also had to give Bobby and his assistants a raise and we need to pay for a football starium. Am I missing anything else? I'm not trying to make excuses, sad I have to write that, but isn't that a reason why we can't afford a bigger contract?

Sent from my SM-G920V using CSNbbs mobile app

But again, what if BT hadn't fallen off the wagon? We, presumably, would still be stuck with his $800K. Would we have just forced him to take a pay cut, or would they have "found" the money to pay his salary? If they would have paid him, that means there is money that can be taken from somewhere to pay a coach that much.

We are in dire straits as an athletic program if we can't afford to build a FBS quality stadium, can't afford to pay our football coaches in the top half of CUSA, and can't afford to pay more that low major money for a basketball coach. If we truly are in that bad of a position, it seems some cuts may be in order. More likely, our admin is doing what colleges always do. They are crying poor to get more donations.

I think it's fair to say we jumped to FBS too early. We didn't have the infrastructure and we are still trying to catch up. The money our admin was counting on (TV) disappeared and their hands are tied, I assume.

I have no clue what would've happened with BT. I'm under the impression if everything went the way it did, except without BT tanking his career, then I ASSUME (again I have 0 clue) they would have had to restructure his contract or let him walk. Perhaps if BT was still performing well he would've left for higher teams anyway.

I seriously doubt that they would have asked a coach to take a pay cut, more likely they would have moved money around. Like I said in a previous post, I also have been told they were prepared to pay up to $1M for JJ's replacement.

Right, and that was in 2012? 2013? Didn't we move up to FBS around that time and thought we would be getting $1M or $2M (can't remember which) from TV? Idk, it just seems like a lot has changed for the worse between then and now, with more expenses and less money to pay them with.

I agree. I just also think that if push came to shove this admin could find $400K. The question is just where your commitments lie. My preference is that they lie with basketball.

Jones isn't going anywhere. All this $1 mil talk. Ain't a happ-nin Blue .

https://pilotonline.com/sports/college/o...34375.html

(03-19-2018 10:46 AM)mac Wrote:  Jones isn't going anywhere. All this $1 mil talk. Ain't a happ-nin Blue .

https://pilotonline.com/sports/college/o...34375.html

That must be why they let JJ's contract get down to the last 2 years, something that rarely happens in college sports.

But then again, since we apparently have no money, maybe they will just let his contract expire and fold up the basketball program. *sarcasm*

I guarantee you that sometime between now and April of 2020 JJ will be fired if we haven't reached the tournament. Believe it or not their ARE some people in the admin that are not comfortable with the level of success in the basketball program at this point.

We also have a ton of ticket revenue and donations coming in because of football. I thought ODU was one of the few programs outside the P5 that actually made money. If that’s the case, we should be in no worse shape now than when BT was here, and supposedly he was making $700-800k.

The only argument for why they have no money that makes any sense is the cost of the new stadium, but the way that boondoggle is going, it sure would be a shame for what we think we are going to get to handcuff all of our athletic programs for 20 years or however long it takes to pay the thing off.

(03-19-2018 12:41 PM)monarx Wrote:  We also have a ton of ticket revenue and donations coming in because of football. I thought ODU was one of the few programs outside the P5 that actually made money. If that’s the case, we should be in no worse shape now than when BT was here, and supposedly he was making $700-800k.

Because the only way we are making money is if you look at football, just football, and nothing but football. When you factor in the cost to send the other 20+ teams, staffs, and support to compete all over the country in this God forsaken conference, which we wouldn't be anywhere near if not for football, we lose money as a whole because of football. So yes, football alone makes money, but we are in worse overall shape because of the increase in expenses across the department by being in CUSA.

(03-19-2018 01:08 PM)EverRespect Wrote:  

(03-19-2018 12:41 PM)monarx Wrote:  We also have a ton of ticket revenue and donations coming in because of football. I thought ODU was one of the few programs outside the P5 that actually made money. If that’s the case, we should be in no worse shape now than when BT was here, and supposedly he was making $700-800k.

Because the only way we are making money is if you look at football, just football, and nothing but football. When you factor in the cost to send the other 20+ teams, staffs, and support to compete all over the country in this God forsaken conference, which we wouldn't be anywhere near if not for football, we lose money as a whole because of football. So yes, football alone makes money, but we are in worse overall shape because of the increase in expenses across the department by being in CUSA.

This is exactly right. Most schools make money if you only look at football. But there are few PROGRAMS that make money off of athletics and we sure as hell aren't one of them. Think Ohio State, Texas, Notre Dame. There are only a few.

I thought we were operating as a program in the black last year? Only by 200k but still, not losing money on the whole? Maybe I have crossed streams.

(03-19-2018 01:47 PM)bit_9 Wrote:  I thought we were operating as a program in the black last year? Only by 200k but still, not losing money on the whole? Maybe I have crossed streams.

Yes, but we are heavily subsidized with student fees. Most programs are.

If you take a look at the USA Today database, you can see there are just 23 programs in the country (not including privates) who would have been profitable without a subsidy. 13 are in the SEC, 5 are in the Big 10 and 5 in the Big 12.

http://sports.usatoday.com/ncaa/finances/

Knock yourselves out:

http://www.apa.virginia.gov/APA_Reports/Reports.aspx

The June 2017 figures are out apparently. Looks like both ticket sales and donations went down but surprisingly conference distributions went up.

edit:

Sorry, the link didn't save my preferences. Type "Old Dominion" in the "Report Title" box and select "Agreed Upon Procedures" from "Category" drop down.

Ah gotcha. I wasn't thinking totally free of student fee's. If that's the case ya, totally. I might have missed that in the discussion.

(03-19-2018 02:46 PM)mturn017 Wrote:  Knock yourselves out:

http://www.apa.virginia.gov/APA_Reports/Reports.aspx

The June 2017 figures are out apparently. Looks like both ticket sales and donations went down but surprisingly conference distributions went up.

CUSA subsidizes the cost of playing in bowl games. That explains the increase of conference distributions.

And while donations went down for the FY, we did have a record CY. So, FY18 will show a big jump, considering we collected more in the last 6 months of CY17 then we did for the entirety of FY17.

(03-19-2018 03:05 PM)ODUDrunkard13 Wrote:  

(03-19-2018 02:46 PM)mturn017 Wrote:  Knock yourselves out:

http://www.apa.virginia.gov/APA_Reports/Reports.aspx

The June 2017 figures are out apparently. Looks like both ticket sales and donations went down but surprisingly conference distributions went up.

CUSA subsidizes the cost of playing in bowl games. That explains the increase of conference distributions.

And while donations went down for the FY, we did have a record CY. So, FY18 will show a big jump, considering we collected more in the last 6 months of CY17 then we did for the entirety of FY17.

You could be right. I think also the league kicked in some money to help cover COA but I'm not sure the timing of that. Also, if I read the AUP's correctly for donations to be counted they have to be collected and used in the current year. So it obviously doesn't include capital campaign funds raised but I wonder whether it includes surpluses held by ODAF.

I didn't realize Kermit was a "former" cheater back at Texas A&M.

Ha. Dude had a show cause.

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Well he's rolling into Oxford with a strong hand where apparently none has been needed. Guess this will go well.

http://www.nydailynews.com/sports/colleg...-1.3886108

(03-20-2018 07:04 PM)FearTheLion Wrote:  Well he's rolling into Oxford with a strong hand where apparently none has been needed. Guess this will go well.

http://www.nydailynews.com/sports/colleg...-1.3886108

Should help recruiting lol

Kermit will learn quickly that the SEC is not C-USA. With the new coach in Memphis, he won’t be able to recruit in that talent-fertile City.

(03-21-2018 12:02 PM)eastcoastDave Wrote:  Kermit will learn quickly that the SEC is not C-USA. With the new coach in Memphis, he won’t be able to recruit in that talent-fertile City.

Memphis will be a disaster under Hardaway. We have seen this movie before, and it never works.