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  1. #1
    Join Date
    Feb 2007
    Location
    Westport, CT

    $ and College BBall

    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:

    http://www.businessinsider.com/these...-teams-2012-1#

  2. #2
    Join Date
    Jan 2009
    Location
    Boston, MA
    Quote Originally Posted by fisheyes View Post
    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:

    http://www.businessinsider.com/these...-teams-2012-1#
    How is Louisville's revenue double that of Kentucky? I know Louisville is a big basketball school, but that big? That's really surprising.
    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

  3. #3
    Join Date
    Feb 2007
    Location
    Cary, NC
    Quote Originally Posted by flyingdutchdevil View Post
    How is Louisville's revenue double that of Kentucky? I know Louisville is a big basketball school, but that big? That's really surprising.
    forget double of UK... how is it that high in general. WOW is all I have to say.
    Duke '96
    Cary, NC

  4. #4
    Join Date
    Feb 2007
    Location
    Dillon, Colorado
    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.

  5. #5
    Join Date
    Nov 2011
    Location
    Macon, GA
    Quote Originally Posted by jjasper0729 View Post
    forget double of UK... how is it that high in general. WOW is all I have to say.
    They must count KFC chicken as currency

  6. #6
    Quote Originally Posted by flyingdutchdevil View Post
    How is Louisville's revenue double that of Kentucky? I know Louisville is a big basketball school, but that big? That's really surprising.
    Same reason as the last list: Louisville's revenue is inflated due to the new stadium opening last year.
    <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

  7. #7
    Join Date
    Feb 2007
    Location
    Washington, DC area
    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.

    -jk

  8. #8
    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...

    http://www.bloomberg.com/news/2011-1...-scrutiny.html

    Quote Originally Posted by -jk View Post
    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.

    -jk

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