RE: VCU MBB Program Revenue/Expenses
I think this is the most important part of the article with respect to W&M. I've said it before, but basketball needs to be the marquee program in the W&M athletic department. It makes no sense to focus resources on an FCS football program.
Basketball’s rising tide floats all ships
Through it all, after the Final Four appearance and the move to the A-10, VCU Athletics earned its way into the black after years of operating at a loss.
Every year since 2013, the department’s has on paper posted a profit.
From 2009 to 2012, its final years in the CAA, VCU Athletics’ overall expenses were greater than its revenue. But every year since 2013, the department’s has on paper posted a profit, with at least $700,000 more in revenue than expenses.
Men’s basketball considerably props up the entire department.
The numbers shared by VCU Athletics’ financials are broken down by men’s basketball, women’s basketball, men’s baseball and “all other sports.”
Men’s basketball generated $8.5 million in revenue in FY 2017, with all other sports generating $222,000. The next highest was men’s baseball, with $63,000.
Men’s basketball generated 1,151 percent more revenue in FY 2017 than it did in FY 2010 ($738,000). All other sports, including women’s basketball and men’s baseball, generated 55 percent more revenue in FY 2017 than in FY 2010.
The success of the men’s basketball team helps subsidize the other programs, and Cupps said it’s not just the revenue men’s basketball brings in – it’s the visibility as well.
“At a 1-AAA (college) like VCU, (men’s basketball) has the ability to provide resources that benefit all of our other sports. We have seen that dramatically here based on our ticket sales, donations and multimedia sponsorship sales,” he said. “Visibility and revenue, those are the engines to provide resources for our programs.”
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