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UConn sports loses $40M in 2018
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Ramblin Wreck Offline
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Post: #1
UConn sports loses $40M in 2018
Wonder how long UConn will continue to play football at the FBS level. Surprising to see a traditional power in both men's and women's basketball losing money in the sport.

"Football lost $8.7 million, men's basketball $5 million and women's basketball, a perennial power, had expenses that outpaced revenues by more than $3 million."

http://www.espn.com/mens-college-basketb...ome-sports
01-21-2019 09:51 PM
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B'ham Blazer Offline
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Post: #2
RE: UConn sports loses $40M in 2018
I bet there is an agenda built into those numbers!
01-21-2019 10:08 PM
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biglizard Online
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Post: #3
RE: UConn sports loses $40M in 2018
Football I can sorta see

Men's Bball....meh sounds a little fishy

Women's Bball....If they are losing money either someone can't do simple math or they're skimming from the top.

It all adds up to a scam a la UAB 2014 and beyond
01-21-2019 10:36 PM
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ATTALLABLAZE Offline
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Post: #4
RE: UConn sports loses $40M in 2018
There is. They are jacked up for a reason. Looks like Carr came up with the report.
01-21-2019 11:20 PM
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ICB Offline
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Post: #5
RE: UConn sports loses $40M in 2018
Yeah... from the naked eye it says... “Football is too expensive and basketball could be saved in a basketball conference.” This sounds like just the excuse needed to join Big East.
01-22-2019 12:10 AM
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GreenMississippi Offline
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Post: #6
RE: UConn sports loses $40M in 2018
In a different article, I remember seeing that costs of tuition is included. That didn't make up all of the difference between being in the black vs the red in finances, but it was a significant chunk of football costs. We all know that the advertised cost of tuition doesn't match the actual cost of hiring faculty and having available classroom space. Not giving the athletes classes to go to and teachers to grade them wouldn't suddenly free up $millions or allow them to have more students paying full tuition.
01-22-2019 12:20 AM
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BAMANBLAZERFAN Offline
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Post: #7
RE: UConn sports loses $40M in 2018
There is no national auditing standard for such programs as collegiate football. Could anyone imagine such an independent / outside audit of the two P5 football programs in Alabama? In this state, it is like the character in "High Plains Drifter" who said "Whatever you say is just fine with me".
01-22-2019 01:31 PM
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blazer-J Offline
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Post: #8
RE: UConn sports loses $40M in 2018
I was shocked that their budget was over $80m. It looks like there must be some serious waste in that athletic department. They are over $20m higher than the next AAC team (UC) - Memphis only spent $49m.

They are not getting a good return on their investment - at least not in FB and MBB.

I think their budget problems will not improve if they leave for the Big East and either drop FB or go Indy.
01-22-2019 02:16 PM
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Memphis Blazer Offline
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Post: #9
RE: UConn sports loses $40M in 2018
Shows that UAB will have to spend a lot more money to get into the AAC but that money will not be recouped. AAC schools are hemorrhaging money trying to pretend they are a power conference. Memphis has had financial issues as well, but Memphis did make some cuts after Calipari to the consternation of their fans. Thinks like no longer flying exclusively charter and even didn’t send the band and cheerleaders one year to the conference tournament,ent.

When UCONN was in the Big East, Big EAst was a BCS conference and benefitted from BCS money. Basketball played traditional basketball powers like Georgetown and Syracuse and was subsudized by BCS money. Now they are playing former CUSA schools and the BCS money is gone. They did not adjust their lifestyle to fit their new conference.

This is a wake up call for anyone who thinks the AAC will solve all of our problems.
(This post was last modified: 01-22-2019 02:32 PM by Memphis Blazer.)
01-22-2019 02:30 PM
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Auburn_Blazer Offline
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Post: #10
RE: UConn sports loses $40M in 2018
(01-22-2019 01:31 PM)BAMANBLAZERFAN Wrote:  There is no national auditing standard for such programs as collegiate football. Could anyone imagine such an independent / outside audit of the two P5 football programs in Alabama? In this state, it is like the character in "High Plains Drifter" who said "Whatever you say is just fine with me".

Wait, what? It's called the GAGAS. All schools are audited. Both because it's required for public record and because they have banks that require it. All schools are audited, it's just that they'll typically report at a consolidated level. Especially at UAB's level where you're looking at ~$2B in revenue and the athletic department is only $30MM of that.
01-22-2019 04:11 PM
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ICB Offline
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Post: #11
RE: UConn sports loses $40M in 2018
Joining the AAC won't solve all of our problems, but it will help with one... Basketball SOS
01-22-2019 07:30 PM
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UAB Band Dad Offline
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Post: #12
RE: UConn sports loses $40M in 2018
The AAC would not be P5 money, but it would be better than what we're getting now. We'll also gain the benefits of a nice stadium where we get a cut of the parking and concessions. UConn also has a much different attitude regarding college football than we have in Birmingham.
01-22-2019 07:42 PM
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Memphis Blazer Offline
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Post: #13
RE: UConn sports loses $40M in 2018
I suspect the AAC that UAB joins in the future will be the same or slightly improved from the CUSA of today
01-22-2019 08:12 PM
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ICB Offline
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Post: #14
RE: UConn sports loses $40M in 2018
(01-22-2019 08:12 PM)Memphis Blazer Wrote:  I suspect the AAC that UAB joins in the future will be the same or slightly improved from the CUSA of today

Are you saying that there will have to be more defections before UAB would be able to join? Or UAB in (AAC - UConn) ~ C-USA ?
01-22-2019 09:34 PM
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BlazintheATL Offline
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Post: #15
RE: UConn sports loses $40M in 2018
I think it will take more than UConn leaving. Probably be after UC, Memphis, Houston and UCF leave. Or at least a couple from that group.
01-22-2019 10:03 PM
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ICB Offline
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RE: UConn sports loses $40M in 2018
(01-22-2019 10:03 PM)BlazintheATL Wrote:  I think it will take more than UConn leaving. Probably be after UC, Memphis, Houston and UCF leave. Or at least a couple from that group.

My 2 Cents... if all of them leave... not worth joining.
01-22-2019 10:13 PM
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BlazintheATL Offline
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Post: #17
RE: UConn sports loses $40M in 2018
(01-22-2019 10:13 PM)ICB Wrote:  
(01-22-2019 10:03 PM)BlazintheATL Wrote:  I think it will take more than UConn leaving. Probably be after UC, Memphis, Houston and UCF leave. Or at least a couple from that group.

My 2 Cents... if all of them leave... not worth joining.

I think at that point the best thing to do would be for the G5 conferences to realign based on geography. At least CUSA, the Belt and the AAC.
01-22-2019 10:23 PM
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WhatIsThisFeeling Offline
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Post: #18
RE: UConn sports loses $40M in 2018
The 3 teams that I want to be in the AAC if we were to get the nod would be UCF, Memphis, and UC for nostalgia reasons. I would want to keep UCONN for our women's basketball of course.
But I agree that it will be till those teams leave before anyone will get an invite and at that point it would be pointless to join.
01-23-2019 09:35 AM
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BlazerGreen Offline
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Post: #19
RE: UConn sports loses $40M in 2018
Disagree with any scenario that has UAB remaining in C-USA or some merged monstrosity long-term.

THIS version of UAB does not belong in C-USA. These aren't our peer schools, as we ourselves define in our Master Plan. Definitely not academically.

Case in point, a school that's usually brought up in AAC discussions, ODU. Their budget is larger and they are rebuilding their stadium and enlarging it...by 1,000 seats to 20-21K. We average more now than their new expanded stadium will hold and we're building a 45K seat stadium of our own. There are college basketball arenas bigger than Charlotte and WKU's football stadiums, and those are big enough for MTSU, FAU, and FIU's crowds (even when their teams are good).

At the legendary Meeting, it was agreed that we would only bring football back if we did it right this time. Well, Birmingham and UAB doing college football right is just a bigger scale than C-USA. Two seasons back from death and our coach is the highest paid in the league.

We are a world-class university in the number one market for college football. The AAC doesn't have to be our only option.
(This post was last modified: 01-23-2019 10:42 AM by BlazerGreen.)
01-23-2019 10:37 AM
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WhatIsThisFeeling Offline
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Post: #20
RE: UConn sports loses $40M in 2018
I agree that the AAC isn't our only option I was just pointing out that I wouldn't want to join that conference with those teams gone. Doesn't mean I want to stay in CUSA. How great would it be to jump all the AAC schools and get into a bigger conference like the Big 12. Of course a lot of people are saying the Big 12 will be no more after the next realignment so we will just have to see where things go. Going to be an interesting ride for the next few years to see how all these conferences shake out.
01-23-2019 11:15 AM
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