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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.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.
Over 50% of the people enrolled at Central play a sport. That’s why they won’t survive.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.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.
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.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?
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?
Does this sound about right?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.
some will use this as evidence that the athletes should be paid more
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?
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?
Also, they are going to start with no fans. Hopefully they will start allowing 25%+ in after first week or 2.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.
that ticket revenue funded all of Iowa women's sports, btw.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.
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.
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.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.
Did all the money from previous years go down the drain?
Although I don't have any figures, my understanding is that there is no reserve/savings to draw from now in a crisis.
Did all the money from previous years go down the drain?
Apparently there is a reserve fund but it had only a few million in it and its already been tapped into to cover current lossesAlthough 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.
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.
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.