Iowa TV Rev this Year: $42M (Down $12M). Deficit now $55-65M. Had planned on $75M Loan. July 16 Story: #14 in Total Rev (5th in B1G)

Franisdaman

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Just a reiminder that TOTAL 2018-2019 REVENUE & EXPENSES of 227 TEAMS ARE HERE: https://sports.usatoday.com/ncaa/finances/

Click on the team to get a breakdown of the REVENUE Total & EXPENSE Total.

For IOWA (as you can see):
$27,179,000--Ticket Sales
$38,627,000--Contributions
$71,006,000--Rights/Licencing
$14,514,000--Other
$.....650,000--Student Fees
.......................................................
$151,976,000 TOTAL REVENUE



And now?

 

hawkedoff

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Jul 25, 2013
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And yet Coe College has all these same sports. Maybe having the sport isn't the expensive part but the expectation of those that work at that level with regards to salary and budget. Weird expectation for people that don't create revenue. Unless of course you look at sport as a part of education that is .....
 

hawkedoff

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We have our own tv network and zero effort has been made to even attempt to monetize the other sports. We say they can't make money but then again we haven't really tried
 

Run&Blade

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And yet Coe College has all these same sports. Maybe having the sport isn't the expensive part but the expectation of those that work at that level with regards to salary and budget. Weird expectation for people that don't create revenue. Unless of course you look at sport as a part of education that is .....
Those sports at Coe are revenue. Without them the participants are not coming. Look at Central college football roster. 100+ no scholarships and private school tuition.

diii schools go bankrupt without sports because enrollment vanishes.
 

hawkedoff

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Those sports at Coe are revenue. Without them the participants are not coming. Look at Central college football roster. 100+ no scholarships and private school tuition.

diii schools go bankrupt without sports because enrollment vanishes.

And? Every sport at Iowa that is called non revenue is pretty much the same especially on the men's side. Very few scholarships and kids pay the bulk of their tuition and room and board.
 

Run&Blade

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And? Every sport at Iowa that is called non revenue is pretty much the same especially on the men's side. Very few scholarships and kids pay the bulk of their tuition and room and board.
Over 50% of the people enrolled at Central play a sport. That’s why they won’t survive.

they can’t afford those kids leaving. If 12 golfers leave Iowa ? BFD in the big picture of university finances.
 

Franisdaman

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And? Every sport at Iowa that is called non revenue is pretty much the same especially on the men's side. Very few scholarships and kids pay the bulk of their tuition and room and board.
I have to admit, I was surprised that Iowa only saves $5 million by cutting FOUR sports.

Hell, Iowa hardly blinked when they paid Jane Meyer and Tracy Griesbaum $6.5 million.
 

hawkedoff

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Over 50% of the people enrolled at Central play a sport. That’s why they won’t survive.

they can’t afford those kids leaving. If 12 golfers leave Iowa ? BFD in the big picture of university finances.

Not the point although you are correct about central. Those 12 golfers are mostly paying their own freight at Iowa just like Central. Why are the golfers a net positive financially at Central while at Iowa they are called non revenue?
 

Run&Blade

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Not the point although you are correct about central. Those 12 golfers are mostly paying their own freight at Iowa just like Central. Why are the golfers a net positive financially at Central while at Iowa they are called non revenue?
The entire existence of DIII schools is based on athletics. Over 500 students play a sport at central and their total enrollment is 1100. The schools go belly up without sports.

if you think most Central college students would still be there without sports, lol go ahead.


I don’t understand why that concept is so difficult to understand. Wartburg is already worried, offering a 5th year tuition free
 

Franisdaman

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Wow.

With 8 games this season now instead of 12, I wounder how these numbers change.


$120 million actual Revenue for 2020

vs

$23 million budgeted Revenue for 2021 with no football (and $98 million in operating expenses)


Eh-dT2nX0AIDFON


Source:

 
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amahawk

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May 1, 2002
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Aug 24 Update:

As you can see, Iowa will be taking out a $75M loan.

The Story:




Aug 12 Update:

$70 MILLION will need to be borrowed from someone.



Original Post:

TOTAL 2018-2019 REVENUE & EXPENSES of 227 TEAMS ARE HERE: https://sports.usatoday.com/ncaa/finances/

Click on the team to get a breakdown of the REVENUE Total & EXPENSE Total.

For IOWA (as you can see):
$27,179,000--Ticket Sales
$38,627,000--Contributions
$71,006,000--Rights/Licencing
$14,514,000--Other
$.....650,000--Student Fees
.......................................................
$151,976,000 TOTAL REVENUE


Total Revenue Rankings:


#1 Texas, $223,880,000
#2 Texas A&M, $212,748,000

The B1G Teams:
#3 Ohio State, $210,548,000

#4 Michigan, $197,820,000
#6 Penn State, $164,529,000
#11 Wisconsin, $157,660,000
#14 Iowa, $151,976,000
#18 Michigan State, $140,011,000
#21 Nebraska, $136,233,000
#24 Minnesota, $130,456,000
#25 Indiana, $127,833,000
#29 Illinois, $118,565,000
#31 Purdue, $110,845,000
#33 Maryland, $108,796,000
#39 Rutgers, $103,251,000 (@MrsScrew )

OTHERS:
#44 Iowa State, $95,412,000

.........................................................

RELATED STORY:


What happened to all the TV cash?
 

DodgerHawki

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Nov 19, 2002
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What happened to all the TV cash?

it may be coming back, at least some percentage of the TV money. Big 10 went from 96 games of inventory to sell to 62. It just means Iowa may have to take out a smaller loan than it did before. There is a still a lot of revenue being left on the table with zero fans.

And looking out to next year, if it's still at half-capacity or whatever they will still be behind 2019 revenue. The testing the schools are now doing for COVID is not cheap either. Hopefully with the season returning Iowa won't have to make further cuts to staff and other sports.
 

Franisdaman

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it may be coming back, at least some percentage of the TV money. Big 10 went from 96 games of inventory to sell to 62. It just means Iowa may have to take out a smaller loan than it did before. There is a still a lot of revenue being left on the table with zero fans.

And looking out to next year, if it's still at half-capacity or whatever they will still be behind 2019 revenue. The testing the schools are now doing for COVID is not cheap either. Hopefully with the season returning Iowa won't have to make further cuts to staff and other sports.
Does this sound about right?

$18M Loss in TV Revenue (1/3 of $54M)
$27M Loss with no ticket sales
$45M Deficit instead of $75M?
 
Sep 20, 2006
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I read this and it sounds like Universities are barely scraping by as it is, and this is going to be devastating to all involved.

Meanwhile, dozens and dozens of University employees are living BEYOND comfortably.

What am I missing?
 

DodgerHawki

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I read this and it sounds like Universities are barely scraping by as it is, and this is going to be devastating to all involved.

Meanwhile, dozens and dozens of University employees are living BEYOND comfortably.

What am I missing?

Well you have to define the who in these cases. If you mean the athletic departments, yes many have had to leg people go and/or furlough people, or both. Iowa had to let go of some support staff in athletics.

Faculty as far as I know of have not faced either. Could be wrong though.
 

DodgerHawki

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Does this sound about right?

$18M Loss in TV Revenue (1/3 of $54M)
$27M Loss with no ticket sales
$45M Deficit instead of $75M?

your numbers could be close. I have no idea really. The TV money will go from zero to some amount higher than that if they play the season.
 
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Slappy Pappy

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your numbers could be close. I have no idea really. The TV money will go from zero to some amount higher than that if they play the season.
Also, they are going to start with no fans. Hopefully they will start allowing 25%+ in after first week or 2.
 
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Well you have to define the who in these cases. If you mean the athletic departments, yes many have had to leg people go and/or furlough people, or both. Iowa had to let go of some support staff in athletics.

Faculty as far as I know of have not faced either. Could be wrong though.

It's all about what we initially feel when we read about how Universities are sunk, or now in debt, or need money.

Is this suppose to elicit pity from me?

Because typically those outlooks are applied to struggling entities.

We equate LOSS OF MILLIONS to WE MAY NOT MAKE IT.

It's this mislead that I have a problem with.

Cut Kirks, Bartas, et al salaries substantially for the near future, among other financial adjustments. Problem solved.
 
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BigDelHawk

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it may be coming back, at least some percentage of the TV money. Big 10 went from 96 games of inventory to sell to 62. It just means Iowa may have to take out a smaller loan than it did before. There is a still a lot of revenue being left on the table with zero fans.

And looking out to next year, if it's still at half-capacity or whatever they will still be behind 2019 revenue. The testing the schools are now doing for COVID is not cheap either. Hopefully with the season returning Iowa won't have to make further cuts to staff and other sports.
Projections are that just about every game will be televised somewhere, that is why they are looking at games spread out as much as they are. Last I heard, they think that net TV revenue will be about a wash.
 
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Although I don't have any figures, my understanding is that there is no reserve/savings to draw from now in a crisis.

I just don't believe this.

I mean, the irony here.
An entity is in crisis with hundreds of employees living in homes, driving cars, and accumulating wealth (thanks to said entity in crisis) most people can only dream of.

Jesus I sound like a socialist now I guess? Yikes.
 

Old_wrestling_fan

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I just don't believe this.

I mean, the irony here.
An entity is in crisis with hundreds of employees living in homes, driving cars, and accumulating wealth (thanks to said entity in crisis) most people can only dream of.

Jesus I sound like a socialist now I guess? Yikes.

I am basing my answer on something that I read about 6-8 weeks ago. It was something "official" from Gary Barta, if I recall correctly. If there was a reserve, it was quite small in relation to losing all of the annual FB revenue.

I don't know why they would be talking about borrowing $75mm if they had it in the bank somewhere.
 

DodgerHawki

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The athletic department is set up as a non profit. So they can't stash away 10's of millions away for a rainy day fund. You have to spend most of what you bring in.

I think this is largely correct. Politically the last decade Iowa would never have been able to get away with putting away $100 million or more in cash. The larger university would have demanded some of it to help with the budget elsewhere, and the coaches/programs in the department would have demanded that they spend the money on supporting the programs. For example, Iowa spends a significant amount of money on nutrition/feeding football players and other athletes. We've seen stories where they comment how beneficial that is that athletes aren't eating junk food. It all has a cost.

Perhaps things will change in the future if we return to "normal," whatever that is. My guess is the longer-term financial model in Division 1 may have fewer non-revenue programs and the football players somehow getting more of that revenue.
 

Franisdaman

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From the Lincoln Journal Star:

* Here's something interesting to consider on the Big Ten financial front: Yes, the conference is footing the bill for its schools' COVID-19 testing. Sort of. All it means is that each school's distribution check from the conference will be smaller when all is said and done.

* The Big Ten playing football this fall could be critical in terms of revenue from the league's media rights deal. That deal is the impetus to the conference paying out $55.6 million this year to each of the 14-team conference’s 12 longest-standing members. That was the highest payout of any conference.

* It's far too early to say what the Big Ten's payout to members will be after a pandemic season, but I've heard estimates in the $40 million range, if all goes well. Yeah, that would help.

Source: https://journalstar.com/sports/husk...cle_efd3b083-adb7-5055-bc04-29681a846d36.html
 

Franisdaman

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Big Ten officials have so far not commented on the television packages with Fox Sports/BTN and ESPN/ABC. But one sports analyst predicted Big Ten schools will recoup about two-thirds of their media revenue sharing, or about $36 million per school.

For Iowa home games, TV numbers should jump by 70,000 until it is safe for fans to return, which multiplied across the conference should help as the Big Ten conference works with media partners.

The empty seats at Kinnick could generate advertising revenue with banners and other signage throughout the stadium.

..........................................


Source: https://nebraska.rivals.com/news/big-red-business-tv-revenue-picture-coming-into-focus
 

Bank of Hawk

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This is correct. If football doesn't exist, none of the rest of the sports (with perhaps exception of men's basketball) exist. There is no stomach from the public to use general university funds to pay for college sports. Football pays all the bills.

As to why college athletic departments would build up cash reserves, they can't, legally and from a perception standpoint. They are non-profits (don't laugh). They can't stockpile a bunch of cash, they need to be putting it into their mission. They can't directly pay the players. They do have to pay for all the scholarships. Then it's a ton of overhead, all those administrators, support staff, coaches salaries, food for teams, travel for teams, recruiting, facilities, equipment, payments for non-conference FB games and pay games in basketball, security and game-day costs for all sports. I've left stuff out, but it all adds up.

some of those are variable costs such as security and game day costs which would be reduced to a certain degree and offset some of the revenue loss. Imagine all the bills for security, payment for game day auxiliary staff, etc.