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UConn loses $40 million in 2018 trying to keep up
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Bogg Offline
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Post: #21
RE: UConn loses $40 million in 2018 trying to keep up
(01-19-2019 04:25 PM)ken d Wrote:  I can't imagine that achieving football mediocrity (granted, a big step forward) will cause deficits of this size to vanish, or even become manageable. I hate to say it, but I think UConn needs to consider not just dropping football down to FCS level, but dropping the sport altogether. That still may not be enough, but at least they would be able to justify whatever deficits still exist.

Yea, dropping from FBS to FCS will trim your budget some and allow you cut a women's sport or two (and there's a minor league soccer stadium currently being constructed in Hartford proper that'll sit something like 5.5-6k and be expandable to 10k, so the "where will they play?" question is easily answered), but the real savings required to get the budget under control can really only be found by having football go away entirely. I said this elsewhere, but as State U in a blue state with no other significant competition in terms of professional or college sports, UConn can support a $20 million/year AD loss more or less indefinitely.
01-19-2019 04:41 PM
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GoldenWarrior11 Offline
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Post: #22
RE: UConn loses $40 million in 2018 trying to keep up
http://http://www.espn.com/mens-college-...ome-sports

Sounds like the UConn AD is open to cutting sports, pending announcement of next TV deal (which doesn’t sound promising in itself).
01-19-2019 04:42 PM
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Side Show Joe Offline
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Post: #23
RE: UConn loses $40 million in 2018 trying to keep up
Wow! It's one thing to lose a few million bucks investing in your program. That is what sometimes needs to happen when you are growing your athletic programs. But, Dropping $40+ million a year is crazy. Even P5 programs wouldn't continue that strategy. Are other AAC universities in a similar situation?
01-19-2019 04:46 PM
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JRsec Offline
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Post: #24
RE: UConn loses $40 million in 2018 trying to keep up
When you are faced with this crisis the smartest move is to play to your strength. UConn needs to ditch football, cut some of their other 20 sports, and reinvest in Men's hoops, even if that means joining a basketball only conference.
01-19-2019 04:58 PM
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Bogg Offline
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Post: #25
RE: UConn loses $40 million in 2018 trying to keep up
(01-19-2019 04:58 PM)JRsec Wrote:  When you are faced with this crisis the smartest move is to play to your strength. UConn needs to ditch football, cut some of their other 20 sports, and reinvest in Men's hoops, even if that means joining a basketball only conference.

That's a feature, not a bug.
(This post was last modified: 01-19-2019 05:14 PM by Bogg.)
01-19-2019 05:14 PM
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TodgeRodge Offline
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Post: #26
RE: UConn loses $40 million in 2018 trying to keep up
one has to wonder what changed recently in their budget

[Image: 10rsoc6.jpg]


(01-19-2019 04:46 PM)Side Show Joe Wrote:  Wow! It's one thing to lose a few million bucks investing in your program. That is what sometimes needs to happen when you are growing your athletic programs. But, Dropping $40+ million a year is crazy. Even P5 programs wouldn't continue that strategy. Are other AAC universities in a similar situation?

hahahahaha north Texas state fans are the last group that should comment on university fiscal responsibility either athletically or academically
01-19-2019 06:05 PM
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Side Show Joe Offline
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Post: #27
RE: UConn loses $40 million in 2018 trying to keep up
(01-19-2019 06:05 PM)TodgeRodge Wrote:  one has to wonder what changed recently in their budget

[Image: 10rsoc6.jpg]


(01-19-2019 04:46 PM)Side Show Joe Wrote:  Wow! It's one thing to lose a few million bucks investing in your program. That is what sometimes needs to happen when you are growing your athletic programs. But, Dropping $40+ million a year is crazy. Even P5 programs wouldn't continue that strategy. Are other AAC universities in a similar situation?

hahahahaha north Texas state fans are the last group that should comment on university fiscal responsibility either athletically or academically

You're still around? I though you retired from your North Texas hating...

North Texas has moved on from our time under RV and his bad hires. We now have quality leadership and coaches. We are growing the athletic budget, building facilities, and improving our athletic programs. So, it really doesn't matter what you think. You should find a program to cheer for, instead of just obsessing over North Texas. It's kind of creepy.
(This post was last modified: 01-19-2019 06:23 PM by Side Show Joe.)
01-19-2019 06:22 PM
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TodgeRodge Offline
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Post: #28
RE: UConn loses $40 million in 2018 trying to keep up
(01-19-2019 06:22 PM)Side Show Joe Wrote:  
(01-19-2019 06:05 PM)TodgeRodge Wrote:  one has to wonder what changed recently in their budget

[Image: 10rsoc6.jpg]


(01-19-2019 04:46 PM)Side Show Joe Wrote:  Wow! It's one thing to lose a few million bucks investing in your program. That is what sometimes needs to happen when you are growing your athletic programs. But, Dropping $40+ million a year is crazy. Even P5 programs wouldn't continue that strategy. Are other AAC universities in a similar situation?

hahahahaha north Texas state fans are the last group that should comment on university fiscal responsibility either athletically or academically

You're still around? I though you retired from your North Texas hating...

North Texas has moved on from our time under RV and his bad hires. We now have quality leadership and coaches. We are growing the athletic budget, building facilities, and improving our athletic programs. So, it really doesn't matter what you think. You should find a program to cheer for, instead of just obsessing over North Texas. It's kind of creepy.

you are growing your budget the same way that UConn is on the backs of students and nothing else

and at least UConn did not have a $100 million dollar budget disaster on the academic side just before they started massively over spending on athletics

[Image: 2n7pbb9.jpg]
01-19-2019 06:35 PM
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JRsec Offline
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Post: #29
RE: UConn loses $40 million in 2018 trying to keep up
(01-19-2019 06:35 PM)TodgeRodge Wrote:  
(01-19-2019 06:22 PM)Side Show Joe Wrote:  
(01-19-2019 06:05 PM)TodgeRodge Wrote:  one has to wonder what changed recently in their budget

[Image: 10rsoc6.jpg]


(01-19-2019 04:46 PM)Side Show Joe Wrote:  Wow! It's one thing to lose a few million bucks investing in your program. That is what sometimes needs to happen when you are growing your athletic programs. But, Dropping $40+ million a year is crazy. Even P5 programs wouldn't continue that strategy. Are other AAC universities in a similar situation?

hahahahaha north Texas state fans are the last group that should comment on university fiscal responsibility either athletically or academically

You're still around? I though you retired from your North Texas hating...

North Texas has moved on from our time under RV and his bad hires. We now have quality leadership and coaches. We are growing the athletic budget, building facilities, and improving our athletic programs. So, it really doesn't matter what you think. You should find a program to cheer for, instead of just obsessing over North Texas. It's kind of creepy.

you are growing your budget the same way that UConn is on the backs of students and nothing else

and at least UConn did not have a $100 million dollar budget disaster on the academic side just before they started massively over spending on athletics

[Image: 2n7pbb9.jpg]

The thread isn't about North Texas. It's about Connecticut. Keep it that way!
01-19-2019 06:51 PM
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Side Show Joe Offline
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Post: #30
RE: UConn loses $40 million in 2018 trying to keep up
(01-19-2019 06:35 PM)TodgeRodge Wrote:  
(01-19-2019 06:22 PM)Side Show Joe Wrote:  
(01-19-2019 06:05 PM)TodgeRodge Wrote:  one has to wonder what changed recently in their budget

[Image: 10rsoc6.jpg]


(01-19-2019 04:46 PM)Side Show Joe Wrote:  Wow! It's one thing to lose a few million bucks investing in your program. That is what sometimes needs to happen when you are growing your athletic programs. But, Dropping $40+ million a year is crazy. Even P5 programs wouldn't continue that strategy. Are other AAC universities in a similar situation?

hahahahaha north Texas state fans are the last group that should comment on university fiscal responsibility either athletically or academically

You're still around? I though you retired from your North Texas hating...

North Texas has moved on from our time under RV and his bad hires. We now have quality leadership and coaches. We are growing the athletic budget, building facilities, and improving our athletic programs. So, it really doesn't matter what you think. You should find a program to cheer for, instead of just obsessing over North Texas. It's kind of creepy.

you are growing your budget the same way that UConn is on the backs of students and nothing else

and at least UConn did not have a $100 million dollar budget disaster on the academic side just before they started massively over spending on athletics

[Image: 2n7pbb9.jpg]

North Texas is doing what most universities are doing, and our students voted for the student fee. Plus, if we were running $40 million deficits like UConn, it would be reported. You have nothing on UNT. You're just being a hater.
(This post was last modified: 01-19-2019 08:39 PM by Side Show Joe.)
01-19-2019 07:35 PM
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Side Show Joe Offline
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Post: #31
RE: UConn loses $40 million in 2018 trying to keep up
(01-19-2019 06:51 PM)JRsec Wrote:  
(01-19-2019 06:35 PM)TodgeRodge Wrote:  
(01-19-2019 06:22 PM)Side Show Joe Wrote:  
(01-19-2019 06:05 PM)TodgeRodge Wrote:  one has to wonder what changed recently in their budget

[Image: 10rsoc6.jpg]


(01-19-2019 04:46 PM)Side Show Joe Wrote:  Wow! It's one thing to lose a few million bucks investing in your program. That is what sometimes needs to happen when you are growing your athletic programs. But, Dropping $40+ million a year is crazy. Even P5 programs wouldn't continue that strategy. Are other AAC universities in a similar situation?

hahahahaha north Texas state fans are the last group that should comment on university fiscal responsibility either athletically or academically

You're still around? I though you retired from your North Texas hating...

North Texas has moved on from our time under RV and his bad hires. We now have quality leadership and coaches. We are growing the athletic budget, building facilities, and improving our athletic programs. So, it really doesn't matter what you think. You should find a program to cheer for, instead of just obsessing over North Texas. It's kind of creepy.

you are growing your budget the same way that UConn is on the backs of students and nothing else

and at least UConn did not have a $100 million dollar budget disaster on the academic side just before they started massively over spending on athletics

[Image: 2n7pbb9.jpg]

The thread isn't about North Texas. It's about Connecticut. Keep it that way!

Totally agree. I want to know more about UConn's plan to change their fortunes.
01-19-2019 07:36 PM
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Wolfman Offline
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Post: #32
RE: UConn loses $40 million in 2018 trying to keep up
USA today lists 54 G5 schools in their revenue database. (I excluded Air Force).

51 of the schools get 1/3 or more of their revenue from school funds/student fees.
36 of the schools get 1/2 or more of their revenue from school funds/student fees.

With $13million more than ODU Uconn is easily at the top of the list in dollars. However, in terms of percentage, Uconn among G5 schools.

Edit: I meant to say Uconn is in the middle of the G5 schools.
(This post was last modified: 01-22-2019 02:54 PM by Wolfman.)
01-19-2019 08:04 PM
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The Cutter of Bish Offline
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Post: #33
RE: UConn loses $40 million in 2018 trying to keep up
(01-19-2019 11:11 AM)TexanMark Wrote:  And the Big East divorce money just ended IIRC

Heh, what a coincidence.

Coming down the pike for years, but once that special pot ran out, wow, now it’s dire.
01-19-2019 09:11 PM
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Bogg Offline
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Post: #34
RE: UConn loses $40 million in 2018 trying to keep up
(01-19-2019 09:11 PM)The Cutter of Bish Wrote:  
(01-19-2019 11:11 AM)TexanMark Wrote:  And the Big East divorce money just ended IIRC

Heh, what a coincidence.

Coming down the pike for years, but once that special pot ran out, wow, now it’s dire.


To be fair, the new TV deal will almost certainly cover that shortfall, so it'll be a one- or two-year dip before that money's back. The flip side of that, of course, is that UConn won't see much of a benefit from any increased TV deal because it'll just be replacing the old exit fees. Instead of a, say, $6 million revenue bump they'll only be seeing a million or two in actual benefit.
01-19-2019 10:07 PM
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Side Show Joe Offline
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Post: #35
RE: UConn loses $40 million in 2018 trying to keep up
(01-19-2019 10:07 PM)Bogg Wrote:  
(01-19-2019 09:11 PM)The Cutter of Bish Wrote:  
(01-19-2019 11:11 AM)TexanMark Wrote:  And the Big East divorce money just ended IIRC

Heh, what a coincidence.

Coming down the pike for years, but once that special pot ran out, wow, now it’s dire.


To be fair, the new TV deal will almost certainly cover that shortfall, so it'll be a one- or two-year dip before that money's back. The flip side of that, of course, is that UConn won't see much of a benefit from any increased TV deal because it'll just be replacing the old exit fees. Instead of a, say, $6 million revenue bump they'll only be seeing a million or two in actual benefit.

How does an annual $6 million media deal cover an annual $40 million deficit?
01-19-2019 10:34 PM
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Bogg Offline
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Post: #36
RE: UConn loses $40 million in 2018 trying to keep up
(01-19-2019 10:34 PM)Side Show Joe Wrote:  
(01-19-2019 10:07 PM)Bogg Wrote:  
(01-19-2019 09:11 PM)The Cutter of Bish Wrote:  
(01-19-2019 11:11 AM)TexanMark Wrote:  And the Big East divorce money just ended IIRC

Heh, what a coincidence.

Coming down the pike for years, but once that special pot ran out, wow, now it’s dire.


To be fair, the new TV deal will almost certainly cover that shortfall, so it'll be a one- or two-year dip before that money's back. The flip side of that, of course, is that UConn won't see much of a benefit from any increased TV deal because it'll just be replacing the old exit fees. Instead of a, say, $6 million revenue bump they'll only be seeing a million or two in actual benefit.

How does an annual $6 million media deal cover an annual $40 million deficit?

You may want to read a little more carefully. I literally wrote "that UConn won't see much of a benefit from any increased TV deal". I've been pretty clear in my belief that football's unsustainable and this won't get better so long as the sport continues.
01-19-2019 10:46 PM
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bullet Offline
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Post: #37
RE: UConn loses $40 million in 2018 trying to keep up
(01-19-2019 10:46 PM)Bogg Wrote:  
(01-19-2019 10:34 PM)Side Show Joe Wrote:  
(01-19-2019 10:07 PM)Bogg Wrote:  
(01-19-2019 09:11 PM)The Cutter of Bish Wrote:  
(01-19-2019 11:11 AM)TexanMark Wrote:  And the Big East divorce money just ended IIRC

Heh, what a coincidence.

Coming down the pike for years, but once that special pot ran out, wow, now it’s dire.


To be fair, the new TV deal will almost certainly cover that shortfall, so it'll be a one- or two-year dip before that money's back. The flip side of that, of course, is that UConn won't see much of a benefit from any increased TV deal because it'll just be replacing the old exit fees. Instead of a, say, $6 million revenue bump they'll only be seeing a million or two in actual benefit.

How does an annual $6 million media deal cover an annual $40 million deficit?

You may want to read a little more carefully. I literally wrote "that UConn won't see much of a benefit from any increased TV deal". I've been pretty clear in my belief that football's unsustainable and this won't get better so long as the sport continues.

Football is not the issue there. Not sure what is. But football is only $7 million of the deficit. And while UConn has more than the minimum number of sports, they don't have an excessive number.

They have:
Basketball M&W
Cross Country M&W
Track M&W
Swimming M&W
Baseball
Softball
soccer M&W
hockey-M&W
golf-M
Football
Volleyball-W
Rowing-W
field hockey-W
lacrosse-W
01-20-2019 12:40 AM
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billybobby777 Offline
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Post: #38
RE: UConn loses $40 million in 2018 trying to keep up
This is bad. First casualty of the g5 demotion?
UConn can’t keep foookin doin this
01-20-2019 02:52 AM
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Wedge Offline
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Post: #39
RE: UConn loses $40 million in 2018 trying to keep up
I question whether the UConn budget numbers reported in the article quoted in the OP are accurate. Something doesn't add up.

From the article:

Quote:In an NCAA financial statement, UConn reported that total generated revenue from sports last year totaled $40.4 million, while expenses came in at $80.9 million.
Quote:The statement shows the football program had an $8.7 million deficit; men’s basketball lost about $5 million; and women’s basketball, a perennial power, lost just over $3 million.

Football is the school’s most expensive program, with operating expenses totaling just over $15.7 million.

That says athletics expenditures were $80.9 million total in the annual budget, with only $15.7 million of it for football.

Which would mean that dropping football and reducing no other spending would leave UConn with a $65.2 million annual athletic budget.

That can't possibly be true. Per the USA Today numbers, there is only one no-football D-I athletic department (VCU, at $33.6 million) that spends even half that much annually.

I suspect that the explanation is that most if not all football playing schools in D-I (not just UConn) are under-reporting the amounts they spend on football, and that in these reports, they are hiding football-related expenses under the category of expenses "Not Allocated by Gender/Sport". I'll further speculate that this means, at most of these schools, football expenditures are about twice the amount reported as football expenditures on the report to the federal Department of Education, maybe even more. (You can look up those reports here: https://ope.ed.gov/athletics/#/institution/search )
01-20-2019 03:22 AM
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ken d Offline
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Post: #40
RE: UConn loses $40 million in 2018 trying to keep up
(01-20-2019 03:22 AM)Wedge Wrote:  I question whether the UConn budget numbers reported in the article quoted in the OP are accurate. Something doesn't add up.

From the article:

Quote:In an NCAA financial statement, UConn reported that total generated revenue from sports last year totaled $40.4 million, while expenses came in at $80.9 million.
Quote:The statement shows the football program had an $8.7 million deficit; men’s basketball lost about $5 million; and women’s basketball, a perennial power, lost just over $3 million.

Football is the school’s most expensive program, with operating expenses totaling just over $15.7 million.

That says athletics expenditures were $80.9 million total in the annual budget, with only $15.7 million of it for football.

Which would mean that dropping football and reducing no other spending would leave UConn with a $65.2 million annual athletic budget.

That can't possibly be true. Per the USA Today numbers, there is only one no-football D-I athletic department (VCU, at $33.6 million) that spends even half that much annually.

I suspect that the explanation is that most if not all football playing schools in D-I (not just UConn) are under-reporting the amounts they spend on football, and that in these reports, they are hiding football-related expenses under the category of expenses "Not Allocated by Gender/Sport". I'll further speculate that this means, at most of these schools, football expenditures are about twice the amount reported as football expenditures on the report to the federal Department of Education, maybe even more. (You can look up those reports here: https://ope.ed.gov/athletics/#/institution/search )

You're right. Nothing adds up here. DI football programs cost a lot more than $15 million a year to operate.

Also, I wonder if there are non-recurring expenses included in this $40 million deficit (like buying out fired coaches and capital costs).

But regardless of what the real numbers are (and I have never found a school that reported their real numbers) the plain fact is that whatever UConn is doing athletically, it isn't working. It's dangerous when a school starts to believe that, for whatever reason, they SHOULD be playing all sports at the top level even though their long history should tell them otherwise.
01-20-2019 08:44 AM
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