We've seen some of this before, but it's interesting to see the numbers for the top 20 programs with their expenses/revenues/profits:
Criticism may not be agreeable, but it is necessary. It fulfils the same function as pain in the human body. It calls attention to an unhealthy state of things. - Winston Churchill
President of the "Nolan Smith Should Have His Jersey in The Rafters" Club
Loovul opened that new stadium last year, right? Perhaps they sold PSLs or otherwise shook season ticketholders down for more money, and counted it as basketball revenue.
It has been said before, but there is a fair amount of discretion over what can be counted as basketball revenue (vs. football, general booster fund, etc). At very many schools, especially larger state schools, the largest donors give for football and receive very good basketball tickets on demand for free/face.
As suburban children we floated at night in swimming pools the temperature of blood. -- Douglas Coupland
<devildeac> anyone playing drinking games by now?
7:49:36<Wander> drink every qb run?
7:49:38<loran16> umm, drink every time asack rushes?
7:49:38<wolfybeard> @devildeac: drink when Asack runs a keeper
7:49:39 PM<CB&B> any time zack runs, drink
Carolina Delenda Est
The real problem with all these financial statements is that schools can shift a lot of the numbers around, not just within the athletic dept, but also within the school. An athletic dept is (or should be, anyway) inextricably intertwined with the university overall. It shouldn't be a stand alone venture.
A couple examples for Duke: the Washington Duke Hotel has a golf course, and the golf team uses it. Or the athletic dept has a golf course, and the hotel uses it. How do they allocate costs and fees?
Anything sold at the Duke Store that's vaguely sports related - replica jerseys, basketball t-shirts, game day decor, what have you - who gets the credit?
It's all a numbers game, designed to do what any particular university thinks it needs to show. Perhaps Louisville wants to balance their books a certain way. Perhaps they just want to show up UK.
on a tangent, there was a businessweek article from last november about colleges classifying
revenue as taxable vs nontaxable. so possibly, louisville is classifying it as
such for accounting purposes...