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TITLETOWN - A Decade Long Celebration Of The Greatest Achievement In College Athletics History => Kansas State Football => Topic started by: ksucrcoop on June 16, 2011, 01:08:36 PM
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http://www.usatoday.com/sports/college/2011-06-15-athletic-departments-increase-money_n.htm
Here is the top 10 in profit margin for athletic dept operations:
1.) Oregon - 34.96% :eek:
2.) Alabama - 21.19%
3.) Penn State - 17.42%
4.) Oklahoma State - 16.48%
5.) Michigan - 16.42%
6.) K-State 15.66%
:kstategrad:
7.) Iowa - 15.61%
8.) Oklahoma - 11%
9.) Georgia - 10.73%
10.) Texas - 9.14%
This is pretty incredible...but I'm pretty sure the only reason we're on this list is because we don't offer a lot of the non-$ generating sports (e.g. men's tennis, soccer, etc...).
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Edit your OP to delete that last part so we can still :emawkid: about this and throw it in everybody else's face.
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#6 feels good.
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http://www.usatoday.com/sports/college/2011-06-15-athletic-departments-increase-money_n.htm
Here is the top 10 in profit margin for athletic dept operations:
1.) Oregon - 34.96% :eek:
2.) Alabama - 21.19%
3.) Penn State - 17.42%
4.) Oklahoma State - 16.48%
5.) Michigan - 16.42%
6.) K-State 15.66%
:kstategrad:
7.) Iowa - 15.61%
8.) Oklahoma - 11%
9.) Georgia - 10.73%
10.) Texas - 9.14%
This is pretty incredible...but I'm pretty sure the only reason we're on this list is because we don't offer a lot of the non-$ generating sports (e.g. men's tennis, soccer, etc...).
You also have to consider that while the profit margin creates a very nice return on investment, we don't spend much on athletics compared to other schools, so we probably aren't anywhere near the top 10 in terms of total gross profit.
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lotsa heavy hitters on that list.
"Excuse me, waiter? Bilderberg, party of 10 has arrived."
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Yawn.
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I am rough ridin' furious our profit margin is not 0.00%, as it should be. Not joking. 15% profit is bullshit and smacks of an AD who is looking to make himself look like a good hire for a future Pres some place else.
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I am effing furious our profit margin is not 0.00%, as it should be. Not joking. 15% profit is bullcrap and smacks of an AD who is looking to make himself look like a good hire for a future Pres some place else.
:frown:
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Are we building a monster?
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I am rough ridin' furious our profit margin is not 0.00%, as it should be. Not joking. 15% profit is bullshit and smacks of an AD who is looking to make himself look like a good hire for a future Pres some place else.
Today's profit is tomorrow's practice facility, no?
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Are we building a monster?
No.
If we were, the profit would be 0% and that 15% would get to 0% through illegal contributions to recruits.
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I am rough ridin' furious our profit margin is not 0.00%, as it should be. Not joking. 15% profit is bullshit and smacks of an AD who is looking to make himself look like a good hire for a future Pres some place else.
Today's profit is tomorrow's practice facility, no?
This requires Dax input, but I suspect not...separate funds.
I want every god damn nickle pumped back into this thing.
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Would like to see this after new pressbox, etc...
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I am effing furious our profit margin is not 0.00%, as it should be. Not joking. 15% profit is bullcrap and smacks of an AD who is looking to make himself look like a good hire for a future Pres some place else.
I am leaning toward this line of thinking as well.
This profit smacks of David Glass v. Royals type of stuff, no?
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http://www.usatoday.com/sports/college/2011-06-15-athletic-departments-increase-money_n.htm
Here is the top 10 in profit margin for athletic dept operations:
1.) Oregon - 34.96% :eek:
2.) Alabama - 21.19%
3.) Penn State - 17.42%
4.) Oklahoma State - 16.48%
5.) Michigan - 16.42%
6.) K-State 15.66%
:kstategrad:
7.) Iowa - 15.61%
8.) Oklahoma - 11%
9.) Georgia - 10.73%
10.) Texas - 9.14%
This is pretty incredible...but I'm pretty sure the only reason we're on this list is because we don't offer a lot of the non-$ generating sports (e.g. men's tennis, soccer, etc...).
You also have to consider that while the profit margin creates a very nice return on investment, we don't spend much on athletics compared to other schools, so we probably aren't anywhere near the top 10 in terms of total gross profit.
We're 11th in gross profit. That is what the entire USA Today article was about :bang: Now when it comes to total revenue, yeah, we're probably way down there.
You can't seriously tell me that recruits and their parents don't care about this stuff. If I was a recruit looking at schools and one school spent all their athletic revenue on rims and shiny things for the players and fans while the other school saved the hard earned money the players earned for them and put it into a rainy day fund to someday pay for backdoor super secret napkin coaching contracts...well, I think the choice is pretty obvious.
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Waiting for my disbursement...
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http://www.usatoday.com/sports/college/2011-06-15-athletic-departments-increase-money_n.htm
Here is the top 10 in profit margin for athletic dept operations:
1.) Oregon - 34.96% :eek:
2.) Alabama - 21.19%
3.) Penn State - 17.42%
4.) Oklahoma State - 16.48%
5.) Michigan - 16.42%
6.) K-State 15.66%
:kstategrad:
7.) Iowa - 15.61%
8.) Oklahoma - 11%
9.) Georgia - 10.73%
10.) Texas - 9.14%
This is pretty incredible...but I'm pretty sure the only reason we're on this list is because we don't offer a lot of the non-$ generating sports (e.g. men's tennis, soccer, etc...).
You also have to consider that while the profit margin creates a very nice return on investment, we don't spend much on athletics compared to other schools, so we probably aren't anywhere near the top 10 in terms of total gross profit.
We're 11th in gross profit. That is what the entire USA Today article was about :bang: Now when it comes to total revenue, yeah, we're probably way down there.
You can't seriously tell me that recruits and their parents don't care about this stuff. If I was a recruit looking at schools and one school spent all their athletic revenue on rims and shiny things for the players and fans while the other school saved the hard earned money the players earned for them and put it into a rainy day fund to someday pay for backdoor super secret napkin coaching contracts...well, I think the choice is pretty obvious.
That is surprising. I guess I should have read the article. I also don't believe that the average recruit views a high profit margin as a bad thing. It's not like we're sitting up at the top of the list next to Indiana, Wake Forest, and Iowa State. I have no problem with turning a large profit as long as we are making improvements to facilities.
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This is pretty incredible...but I'm pretty sure the only reason we're on this list is because we don't offer a lot of the non-$ generating sports (e.g. men's tennis, soccer, etc...).
That's because we're not stupid and don't want to funnel money into sports no one watches to win awards (i.e. Capital One Cup) that no one cares about.
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This is pretty incredible...but I'm pretty sure the only reason we're on this list is because we don't offer a lot of the non-$ generating sports (e.g. men's tennis, soccer, etc...).
That's because we're not stupid and don't want to funnel money into sports no one watches to win awards (i.e. Capital One Cup) that no one cares about.
It's the sort of thing that Husker fans would love to hold over everyone elses' heads.
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kutuckville now coming to grips with the reality that different athletic departments do their books differently. But I digress.
While the new regime at K-State is more forthcoming and certainly communicates a lot more than the past regimes, they still play things pretty close to vest.
Here's all I've been able to pick up by trying to follow what's said. Whenever possible net revenues are plowed back into things like facilities. For example last year net revenues (which includes Ahearn funding giving, which was a record $14 plus million in cash last year, and another million in gifts in kind) bought all new furnishings, carpet and fixtures for Vanier as well as allowed for improvements to the suite/club level in the football stadium, and got a whole new timing/scoring system for the scoreboards in Bramlage.
Unless CC says otherwise, I didn't hear that anyone in particular wrote a check to pay for the turf, so I would think that bill gets paid out of net revenues. I don't think the entire cost of the Basketball Training Facility is being paid for with specific donations for that facility, some of it will be paid for with net revenues from athletic operations and general Ahearn Fund giving. (this is not at all uncommon for large capital projects to need money from general revenues or outside funding to finish. Most of kutuckville for example doesn't know that Lew borrowed $6 million dollars to finish their football complex, and borrowed another $30 plus million to finish AFH).
Somebody mentioned elsewhere that the weightroom in Vanier was getting yet another makeover, but I haven't seen anyone else mention it, maybe CC can enlighten us.
What these net revenue numbers also mean is that there is likely (you can't predict the future) room to cover the cost of future bonding.
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With that kind of money they should have no problem giving some coin to goEMAW BBBS.
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I am effing furious our profit margin is not 0.00%, as it should be. Not joking. 15% profit is bullcrap and smacks of an AD who is looking to make himself look like a good hire for a future Pres some place else.
Today's profit is tomorrow's practice facility, no?
To offer a different possibility, I know that there has been a push within the AthDept over the last few years to endow as many annual expenses as possible. It could be that some of the "profit" was used to establish endowment funds for scholarships or something. I think I read once that it takes about $500,000 to endow a $20,000 scholarship. A "profit" of $7 million could mean that 14 scholarships were endowed? I think that K-State offers somewhere around 220 scholarships, so there is still a lot of work to do in this area. In addition, I think that they are wanting to endow coaching salaries; it seems like the Vaniers gave some money a few years ago to partially endow the head football coach salary. And with the way salaries keep going up, the amount of money needed in the endowment would have to keep going up as well. Would it show up as an expense if they used some money to establish an endowment fund for a scholarship?
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I doubt if the athletic department is using revenue money for endowments. That money would transferred over to the Foundation. They're looking for individuals to fund athletic endowments.
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<---- bandwagon Oregon football fan
:woot:
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59-7 really mumped up your head, didn't it?
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I doubt if the athletic department is using revenue money for endowments. That money would transferred over to the Foundation. They're looking for individuals to fund athletic endowments.
Granted. I was just thinking that of the $16.4 million in donations for the 2009-10 year, maybe some of those donations were specifically for endowments.
I obviously do not have the kind of money it takes to establish a scholarship endowment so I don't really know how the process works. I was just throwing out an idea.
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I obviously do not have the kind of money it takes to establish a scholarship endowment.
and yet another squawk outed.
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fellas, do you think being the most wealthy and profitable team in the state and one of the most in the country is going to go to our admin's heads and make them squander money on ridiculous stuff? I hope so.
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<---- bandwagon Oregon football fan
:woot:
Of course you are
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<---- bandwagon Oregon football fan
:woot:
Of course you are
Must be hard to look up to Big Brother all the damn time. :kstategrad:
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fellas, do you think being the most wealthy and profitable team in the state and one of the most in the country is going to go to our admin's heads and make them squander money on ridiculous stuff? I hope so.
I believe Kirk and John need matching gold plated shark tanks.
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Those sharks better have freaking lasers on their heads. :shakesfist:
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fellas, do you think being the most wealthy and profitable team in the state and one of the most in the country is going to go to our admin's heads and make them squander money on ridiculous stuff? I hope so.
Limestone on EVERYTHING.
I'm talking goalposts, parking lots, video boards, sheep fields, helmets, beer cups...EVERYTHING.
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If you aren't a fan of another Pac-10 team, I think most people's 2nd favorite team is Oregon. Mainly because of the jealousy of their elite uniforms.
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If you aren't a fan of another Pac-10 team, I think most people's 2nd favorite team is Oregon. Mainly because of the jealousy of their elite uniforms.
beems is more of an adidas guy
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<---- bandwagon Oregon football fan
:woot:
Not to mention bandwagon squawk bball fan that has no idea what football even is.
Still to the basketball board you weakass pussy fuckin man of taste and distinction.
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<---- bandwagon Oregon football fan
:woot:
Not to mention bandwagon squawk bball fan that has no idea what football even is.
Still to the basketball board you weakass pussy fuckin man of taste and distinction.
:facepalm:
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<---- bandwagon Oregon football fan
:woot:
Good call. ku football is a laughingstock and Oregon is everyone's favorite. Such an elite group of uniforms.
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<---- bandwagon Oregon football fan
:woot:
Not to mention bandwagon squawk bball fan that has no idea what football even is.
Still to the basketball board you weakass pussy fuckin man of taste and distinction.
:confused:
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<---- bandwagon Oregon football fan
:woot:
Not to mention bandwagon squawk bball fan that has no idea what football even is.
Still to the basketball board you weakass pussy fuckin man of taste and distinction.
:confused:
omg :lol:
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KU: Revenue $70,548,520 Expenses: $69,241,375
Wow, good thing ku athletics steals nearly $3 million dollars a year from the students in the form of mandatory student support fees. Otherwise they would have finished FY 2010 nearly $2 million in the hole.
Amazing how the students got conned in that sham student election where Lew was wining and dining the Student Senate up in the pressbox . . . now they hand over millions to a complete turd of a minor sports program.
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ku 2010-2011 Fall/Spring/Summer Fee Schedule:
Women's and Non-Revenue Sport Fee Schedule $40/$40/$20
If you go all three sessions you pay $100 bucks to ku athletics for sports you don't pay any attention to.
Nice work Lew Perkins . . . steal from the poorest people on campus, and ensure you get paid millions!! To Lew Perkins!! :drink:
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ku 2010-2011 Fall/Spring/Summer Fee Schedule:
Women's and Non-Revenue Sport Fee Schedule $40/$40/$20
If you go all three sessions you pay $100 bucks to ku athletics for sports you don't pay any attention to.
Nice work Lew Perkins . . . steal from the poorest people on campus, and ensure you get paid millions!! To Lew Perkins!! :drink:
Are you seriously still bitching about this? $40 a semester is chump change, and the KU students are the ones who voted for the policy. In return, we received millions of dollars worth of upgrades to the student recreation center as well.
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The students could have voted to just use the fees to pay for the bonds to upgrade the Student Rec Center. I suspect a lot more students care about the rec center then ever care about the turd olympic sports program at ku.
There was a big article in the UDK discussing how Lew put the Student Senate in his pocket and pretty much bought them off.
Like I said, good thing for those fees, otherwise ku athletics 2010 is in the RED.
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Dang:
ku: Direct Instutional Support/Student Fees- $3.598 million.
KSU: Direct Instutional Support/No Student Fees- $1.649 million.
ku takes twice as much money from the school teat than K-State does, and K-State athletics is phasing out all direct instutional support. That's a lot of money sucked out of the school to pay for the overall worst athletic program in the Big 12. Damn.
ku: Contributions-$16.193 Million
KSU: Contributions-$16.39 Million
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Dang:
ku: Direct Instutional Support/Student Fees- $3.598 million.
KSU: Direct Instutional Support/No Student Fees- $1.649 million.
ku takes twice as much money from the school teat than K-State does, and K-State athletics is phasing out all direct instutional support. That's a lot of money sucked out of the school to pay for the overall worst athletic program in the Big 12. Damn.
ku: Contributions-$16.193 Million
KSU: Contributions-$16.39 Million
:lol:
Hey Ben, hope this fits!
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fwww.carnivalsource.com%2Fstore%2Fi%2Fis.aspx%3Fpath%3D%2Fimages%2Fproducts%2FMU809.jpg&hash=29aa8c7fa92c7d4ca7cbc9d5f9ab1bf7ad9cb315)
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get off our nutz dax :blush:
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kyles any idea why the ku athletic department sucks so hard off the school teat??
Or are you just another bandwagon, coors light drinking, Lawrence townie?
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kyles any idea why the ku athletic department sucks so hard off the school teat??
Or are you just another bandwagon, coors light drinking, Lawrence townie?
:frown: please don't run off the only decent KU poster we have
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Don't hunt them to extinction, Dax.
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Don't hunt them to extinction, Dax.
Dax is the Nisshin Maru.
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don't get me started on how they cook the books in jaysqwawcktardvilleland. don't even get me started.
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http://www.usatoday.com/sports/college/2011-06-15-athletic-departments-increase-money_n.htm
Here is the top 10 in profit margin for athletic dept operations:
1.) Oregon - 34.96% :eek:
2.) Alabama - 21.19%
3.) Penn State - 17.42%
4.) Oklahoma State - 16.48%
5.) Michigan - 16.42%
6.) K-State 15.66%
:kstategrad:
7.) Iowa - 15.61%
8.) Oklahoma - 11%
9.) Georgia - 10.73%
10.) Texas - 9.14%
This is pretty incredible...but I'm pretty sure the only reason we're on this list is because we don't offer a lot of the non-$ generating sports (e.g. men's tennis, soccer, etc...).
:gocho:
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don't get me started on how they cook the books in jaysqwawcktardvilleland. don't even get me started.
I know right.
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This seems relatively cheap when compared with the stadium upgrades. Does John know about it?
http://www.sportsbybrooks.com/auburn-payroll-tens-of-thousands-to-hostesses-29756 (http://www.sportsbybrooks.com/auburn-payroll-tens-of-thousands-to-hostesses-29756)
(https://goemaw.com/forum/proxy.php?request=http%3A%2F%2Fsimg.sportsbybrooks.com%2Fa%2Ff%2Faf1b255c978e61ba19c497f619f8178c_auburntigerettespayroll.jpg&hash=919e86c969865e56fd931a86e0054c7d35c8db5c)
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I love Auburn so hard. I can't stand it sometimes.
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ku: Operating Revenue less Direct Institutional Support and Compulsory Student Fees: $66, 949,954
ku: Total Expneses: $69,241,375.00
Difference: -2,291,421
Thank goodness for that old Strong Hall Teat and Student Fees.