Hello There, Guest! (LoginRegister)

Post Reply 
Latest on ACC Football for 2020
Author Message
Hokie Mark Offline
Hall of Famer
*

Posts: 23,797
Joined: Sep 2011
Reputation: 1403
I Root For: VT, ACC teams
Location: Greensboro, NC
Post: #201
RE: Latest on ACC Football for 2020
In general I think GTFletch is right, but it's certainly not true for EVERY school.*

FWIW, the University of Alabama reports EADA profit/loss this way:
Alabama Sport PROFIT
Baseball -$2,156,799
Basketball -$2,749,111
All Track Combined -$4,081,948
Football $24,886,840
Golf -$1,248,481
Gymnastics -$1,568,273
Rowing -$1,342,870
Soccer -$1,183,750
Softball -$1,666,881
Swimming and Diving -$2,933,625
Tennis -$1,523,173
Volleyball -$1,166,093

Auburn looks like this:
Baseball -$3,384,963
Basketball $1,059,244
All Track Combined -$3,317,470
Football $47,310,955
Golf -$2,464,594
Gymnastics -$2,153,301
Soccer -$2,168,107
Softball -$2,007,501
Swimming and Diving -$3,462,229
Tennis -$2,336,317
Volleyball -$1,759,524
Equestrian -$1,983,520

Florida State amazingly spends exactly what it earns in every sport:
Baseball $0
Basketball $0
All Track Combined $0
Football $0
Golf $0
Soccer $0
Softball $0
Swimming $0
Tennis $0
Volleyball $0
Beach Volleyball $0

While Louisville reports far more profit from basketball:
Baseball -$3,681,464
Basketball $23,579,170
All Track Combined -$1,211,915
Field Hockey $0
Football $3,270,603
Golf -$853,721
Lacrosse $0
Rowing $0
Soccer -$1,348,637
Softball $0
Swimming and Diving -$1,376,274
Tennis -$747,109
Volleyball $0

* This is a great idea, BTW - I think I'll do the research and post it on ACCFootballRX tomorrow!
(This post was last modified: 05-24-2020 11:16 AM by Hokie Mark.)
05-24-2020 11:16 AM
Visit this user's website Find all posts by this user Quote this message in a reply
cuseroc Offline
Super Moderator
*

Posts: 15,278
Joined: Mar 2005
Reputation: 549
I Root For: Syracuse
Location: Rochester/Sarasota

Donators
Post: #202
RE: Latest on ACC Football for 2020
(05-24-2020 11:00 AM)GTFletch Wrote:  
(05-24-2020 10:51 AM)cuseroc Wrote:  
(05-24-2020 08:05 AM)GTFletch Wrote:  
(05-24-2020 07:05 AM)XLance Wrote:  
(05-23-2020 08:56 AM)GTFletch Wrote:  There is a fact of life in Division I athletics that cannot be ignored. Football is responsible for 85% of an athletic department's revenue—if not more. At many schools the only other sport that pays its way is men's basketball, although a few and a I mean... a very few others..... wrestling or hockey programs provide financial support, and women's basketball comes close to avoiding red ink. Again that is a very few!!!

Translation: If football can't be played, schools most likely will have to cancel all sports.

And don't get caught up on the idea that they could play football in the spring. It would be ill-advised to think schools could play in March, April and May, and expect players to be back in camp the following August for the start of another season.

Translation: There will be sports in the fall! Thank God for Football! Go Jackets!

This is total 04-bs

The football team finished with $39,942,191 in total operating revenue and a surplus (profit) of $16,528,127, while the men’s basketball team added $27,185,676 in total operating revenue and a surplus (profit) of $15,878,561.

https://247sports.com/college/north-caro...146841152/

At Carolina, the basketball program generates almost as much profit as the football program even though the revenues are about $13 Million less.

Division I athletics (includes SEC/ACC/BIG12/PAC12/BIG/AAC/MWC/CUSA/SUNBELT and many more when you look at FCS) Take the time to chang my mind.... Show me a break out where Carolina is not in the (Very Few) I mention and they are the Norm and where FB is not the King in revenue..... I think you are Cherry picking becuase your school is one of the very few

I dont normally agree with Xlance on a variety of topics. But he is absolutely correct on this matter. I am sure there are many, many schools where basketball accounts for more than 15% of a schools revenue and profit. Syracuse, Duke, UNC and Louisville all have huge basketball revenues that are larger than many schools football revenues. Especially for Louisville which has the largest basketball revenues of any program. I have to think that schools like Michigan State and Arizona aand Indiana and UCLA take in huge basketball revenues that are in excess of 15% of its AD. Even a school like Clemson and Bama bb revenues may be more than 15% of revenue.
FOR THE RECORD:

FACT: There are 347 DI Schools across 49 different states.

FACT: Football garners more revenue than the next 35 other sports combined at Division I schools. On average, football brings in $31.9 million in revenue, while men's basketball (the second-highest grossing sport) comes in a distant second at $8.1 million. For reference, women's basketball brings in $1.8 million, while rowing brings in just $932,646.

Link
https://finance.zacks.com/much-money-col...10346.html

Quit cherry picking and brings some facts or data to support your disagreemnt with my original statement:

There is a fact of life in Division I athletics that cannot be ignored. Football is responsible for 85% of an athletic department's revenue—if not more. At many schools the only other sport that pays its way is men's basketball, although a few and a I mean... a very few others..... wrestling or hockey programs provide financial support, and women's basketball comes close to avoiding red ink. Again that is a very few!!!

Translation: If football can't be played, schools most likely will have to cancel all sports.

And don't get caught up on the idea that they could play football in the spring. It would be ill-advised to think schools could play in March, April and May, and expect players to be back in camp the following August for the start of another season.

Translation: There will be sports in the fall! Thank God for Football! Go Jackets!

You may be correct, but I cant find any breakdowns of the different schools, and their total AD and basketball as a percentage of the AD, so I wont concede as being wrong, just yet. This LINK shows that football averages almost $30 million dollars while basketball averages almost $8 million per school which would show bb at about 27% of football. But once you add all other sports basketball comes in at right about 15% on average. Now that doesnt tell us anything as to how many schools have basketball budgets in excess of 15%, but since basketball revenue falls nationally, at about 15% of a schools budget, that seems to suggest that there are a lot of schools where bb revenue is more than 15% of many schools revenue. Or how many have budgets that are less than 15% of its overall budgets. Also that $29 million average for football could be skewed because the top 5 fb schools had an average of well over $200 million. The next five had an average of well over $170 million. Again, that does nothing in helping us to determine how many schools have bb revenues in excess of 15%. I think there are a lot more schools out there with basketball revenues in excess of 15% of its budgets than you say. I cant find the data that breaks it down to absolutely prove my case though.
(This post was last modified: 05-24-2020 12:59 PM by cuseroc.)
05-24-2020 12:27 PM
Find all posts by this user Quote this message in a reply
GTFletch Offline
All American
*

Posts: 3,961
Joined: Jun 2014
Reputation: 295
I Root For: Georgia Tech
Location: Georgia
Post: #203
RE: Latest on ACC Football for 2020
(05-24-2020 11:16 AM)Hokie Mark Wrote:  In general I think GTFletch is right, but it's certainly not true for EVERY school.*

FWIW, the University of Alabama reports EADA profit/loss this way:
Alabama Sport PROFIT
Baseball -$2,156,799
Basketball -$2,749,111
All Track Combined -$4,081,948
Football $24,886,840
Golf -$1,248,481
Gymnastics -$1,568,273
Rowing -$1,342,870
Soccer -$1,183,750
Softball -$1,666,881
Swimming and Diving -$2,933,625
Tennis -$1,523,173
Volleyball -$1,166,093

Auburn looks like this:
Baseball -$3,384,963
Basketball $1,059,244
All Track Combined -$3,317,470
Football $47,310,955
Golf -$2,464,594
Gymnastics -$2,153,301
Soccer -$2,168,107
Softball -$2,007,501
Swimming and Diving -$3,462,229
Tennis -$2,336,317
Volleyball -$1,759,524
Equestrian -$1,983,520

Florida State amazingly spends exactly what it earns in every sport:
Baseball $0
Basketball $0
All Track Combined $0
Football $0
Golf $0
Soccer $0
Softball $0
Swimming $0
Tennis $0
Volleyball $0
Beach Volleyball $0

While Louisville reports far more profit from basketball:
Baseball -$3,681,464
Basketball $23,579,170
All Track Combined -$1,211,915
Field Hockey $0
Football $3,270,603
Golf -$853,721
Lacrosse $0
Rowing $0
Soccer -$1,348,637
Softball $0
Swimming and Diving -$1,376,274
Tennis -$747,109
Volleyball $0

* This is a great idea, BTW - I think I'll do the research and post it on ACCFootballRX tomorrow!

I look fwd to reading it!!
05-24-2020 01:28 PM
Find all posts by this user Quote this message in a reply
Statefan Offline
Banned

Posts: 3,511
Joined: May 2018
I Root For: .
Location:
Post: #204
RE: Latest on ACC Football for 2020
Just for ***** and giggles I looked at NC State, Michigan State, and Oklahoma State.

The percentage of "profit" from those funds that can be used to fund sports other than men's basketball and football works out to NC State, 77% reliance on Football, Michigan State 81% reliance on Football, and OSU 83% reliance on Football.

UNC-Ch, Duke, and Syracuse are probably the three main outliers. The reason they are outliers is their outsized basketball PROGRAMS creating either an artificially high ticket cost as is the case at Duke, and a lesser degree at UNC, and the size of the venue at Syracuse and a lesser degree UNC.

Someone should check Indiana, Kansas, and Wake Forest to see how that tier of basketball reliant programs earn.

Done, IU and Kansas are 67% reliant on Football revenue. WF is 100% dependent because for the last year their basketball team netted no profit.
(This post was last modified: 05-24-2020 02:09 PM by Statefan.)
05-24-2020 01:59 PM
Find all posts by this user Quote this message in a reply
Statefan Offline
Banned

Posts: 3,511
Joined: May 2018
I Root For: .
Location:
Post: #205
RE: Latest on ACC Football for 2020
(05-24-2020 11:16 AM)Hokie Mark Wrote:  In general I think GTFletch is right, but it's certainly not true for EVERY school.*

FWIW, the University of Alabama reports EADA profit/loss this way:
Alabama Sport PROFIT
Baseball -$2,156,799
Basketball -$2,749,111
All Track Combined -$4,081,948
Football $24,886,840
Golf -$1,248,481
Gymnastics -$1,568,273
Rowing -$1,342,870
Soccer -$1,183,750
Softball -$1,666,881
Swimming and Diving -$2,933,625
Tennis -$1,523,173
Volleyball -$1,166,093

Auburn looks like this:
Baseball -$3,384,963
Basketball $1,059,244
All Track Combined -$3,317,470
Football $47,310,955
Golf -$2,464,594
Gymnastics -$2,153,301
Soccer -$2,168,107
Softball -$2,007,501
Swimming and Diving -$3,462,229
Tennis -$2,336,317
Volleyball -$1,759,524
Equestrian -$1,983,520

Florida State amazingly spends exactly what it earns in every sport:
Baseball $0
Basketball $0
All Track Combined $0
Football $0
Golf $0
Soccer $0
Softball $0
Swimming $0
Tennis $0
Volleyball $0
Beach Volleyball $0

While Louisville reports far more profit from basketball:
Baseball -$3,681,464
Basketball $23,579,170
All Track Combined -$1,211,915
Field Hockey $0
Football $3,270,603
Golf -$853,721
Lacrosse $0
Rowing $0
Soccer -$1,348,637
Softball $0
Swimming and Diving -$1,376,274
Tennis -$747,109
Volleyball $0

* This is a great idea, BTW - I think I'll do the research and post it on ACCFootballRX tomorrow!

The University's sweetheart deal with the YUM Center flows through the Basketball side of the ledger.
05-24-2020 02:16 PM
Find all posts by this user Quote this message in a reply
XLance Online
Hall of Famer
*

Posts: 14,362
Joined: Mar 2008
Reputation: 782
I Root For: Carolina
Location: Greensboro, NC
Post: #206
RE: Latest on ACC Football for 2020
(05-24-2020 01:59 PM)Statefan Wrote:  Just for ***** and giggles I looked at NC State, Michigan State, and Oklahoma State.

The percentage of "profit" from those funds that can be used to fund sports other than men's basketball and football works out to NC State, 77% reliance on Football, Michigan State 81% reliance on Football, and OSU 83% reliance on Football.

UNC-Ch, Duke, and Syracuse are probably the three main outliers. The reason they are outliers is their outsized basketball PROGRAMS creating either an artificially high ticket cost as is the case at Duke, and a lesser degree at UNC, and the size of the venue at Syracuse and a lesser degree UNC.

Someone should check Indiana, Kansas, and Wake Forest to see how that tier of basketball reliant programs earn.

Done, IU and Kansas are 67% reliant on Football revenue. WF is 100% dependent because for the last year their basketball team netted no profit.

Your looking up the wrong numbers LP4. The statement that I took issue with, was
"Football is responsible for 85% of an athletic department's revenue—"

I'm sorry I mentioned the "profit" numbers for Carolina, because it sidetracked the issue.
05-24-2020 02:30 PM
Find all posts by this user Quote this message in a reply
georgia_tech_swagger Offline
Res publica non dominetur
*

Posts: 51,420
Joined: Feb 2002
Reputation: 2019
I Root For: GT, USCU, FU, WYO
Location: Upstate, SC

SkunkworksFolding@NCAAbbsNCAAbbs LUGCrappies
Post: #207
RE: Latest on ACC Football for 2020
(05-23-2020 12:50 PM)Kaplony Wrote:  You are if you think you are going to sit through a football game wearing an N95 respirator.


That probably wouldn't be so bad in November. It would be awful in early September though.
05-24-2020 03:32 PM
Find all posts by this user Quote this message in a reply
Hokie Mark Offline
Hall of Famer
*

Posts: 23,797
Joined: Sep 2011
Reputation: 1403
I Root For: VT, ACC teams
Location: Greensboro, NC
Post: #208
RE: Latest on ACC Football for 2020
(05-24-2020 03:32 PM)georgia_tech_swagger Wrote:  
(05-23-2020 12:50 PM)Kaplony Wrote:  You are if you think you are going to sit through a football game wearing an N95 respirator.


That probably wouldn't be so bad in November. It would be awful in early September though.



05-24-2020 04:08 PM
Visit this user's website Find all posts by this user Quote this message in a reply
ken d Offline
Hall of Famer
*

Posts: 17,424
Joined: Dec 2013
Reputation: 1226
I Root For: college sports
Location: Raleigh
Post: #209
RE: Latest on ACC Football for 2020
(05-24-2020 03:32 PM)georgia_tech_swagger Wrote:  
(05-23-2020 12:50 PM)Kaplony Wrote:  You are if you think you are going to sit through a football game wearing an N95 respirator.


That probably wouldn't be so bad in November. It would be awful in early September though.

The primary purpose of those N95 masks is to protect the person wearing one. But for the average person, wearing a commercially available mask not of N95 efficacy is not intended to protect the wearer from being infected by others, but rather to protect others from being infected by the wearer. And that is why a social distance of at least 6 feet is still required, even if both are masked.

But at a sporting event, 6 feet is no longer the recommended distance. It is much greater, because cheering fans are "super spreaders" much like church choirs are. Without a mask, they are expelling particulates to a distance of 12 feet or more. The only difference is that football fans are expelling those particulates into open air, where they can dissipate (though in a wind they can also be spread over a wider area). Singing in church is probably the most dangerous activity when it comes to increasing infection rates, but cheering at a basketball game is also pretty bad.

A decision to play sports with fans is made with the tacit understanding that it will aid the spread of the virus, but that spreading the virus is an acceptable outcome. But so is doing anything in public without wearing a mask.
(This post was last modified: 05-25-2020 08:36 AM by ken d.)
05-24-2020 06:38 PM
Find all posts by this user Quote this message in a reply
CardinalJim Online
Welcome to The New Age
*

Posts: 16,572
Joined: Apr 2004
Reputation: 2998
I Root For: Louisville
Location: Staffordsville, KY
Post: #210
RE: Latest on ACC Football for 2020
(05-24-2020 02:16 PM)Statefan Wrote:  The University's sweetheart deal with the YUM Center flows through the Basketball side of the ledger.

While the lease giving UofL 88% of the yearly profits from leasing the 71 suites in the Yum Center, certainly hasn’t hurt UofL’s bottom line, there is more to our basketball profitability than a lease deal.

In this 2011 piece about Kentucky’s failure to capitalize on basketball the way Louisville has, Kristi Dosh points out:

“Now you might be thinking that Louisville’s success is owed to its new arena. However, Louisville was the largest profit-producer in college basketball the season before the new arena. In Freedom Hall, Louisville basketball’s previous home, it made $1.6 million on suite rentals and $10.8 million in ticket-related contributions required to be eligible to rent those suites. In the new arena those numbers have sky-rocketed to $5.7 million in suite rentals and $17.2 million in ticket-related contributions.“

http://businessofcollegesports.com/2011/...g-revenue/
05-25-2020 05:51 AM
Find all posts by this user Quote this message in a reply
CardinalJim Online
Welcome to The New Age
*

Posts: 16,572
Joined: Apr 2004
Reputation: 2998
I Root For: Louisville
Location: Staffordsville, KY
Post: #211
RE: Latest on ACC Football for 2020
(05-24-2020 11:00 AM)GTFletch Wrote:  FOR THE RECORD:

FACT: There are 347 DI Schools across 49 different states.

FACT: Football garners more revenue than the next 35 other sports combined at Division I schools. On average, football brings in $31.9 million in revenue, while men's basketball (the second-highest grossing sport) comes in a distant second at $8.1 million. For reference, women's basketball brings in $1.8 million, while rowing brings in just $932,646.

Link
https://finance.zacks.com/much-money-col...10346.html

Quit cherry picking and brings some facts or data to support your disagreemnt with my original statement:

There is a fact of life in Division I athletics that cannot be ignored. Football is responsible for 85% of an athletic department's revenue—if not more. At many schools the only other sport that pays its way is men's basketball, although a few and a I mean... a very few others..... wrestling or hockey programs provide financial support, and women's basketball comes close to avoiding red ink. Again that is a very few!!!

Translation: If football can't be played, schools most likely will have to cancel all sports.

And don't get caught up on the idea that they could play football in the spring. It would be ill-advised to think schools could play in March, April and May, and expect players to be back in camp the following August for the start of another season.

Translation: There will be sports in the fall! Thank God for Football! Go Jackets!

While this might be true at the big P5 schools that have been feeding at the conference teet for decades, it isn’t true everywhere. I doubt no football will keep Big East programs from playing basketball.

It certainly won’t hurt The Big East, A10 and other no football conferences, if college football isn’t played. They will still play basketball.

College football, while enjoyable, isn’t the end all be all that some try to make it out to be. That’s the parochial thinking of The SEC and SEC wannabes.

Contrary to the beliefs of some of the Bubbas in the South, we can survive a season without college football.
05-25-2020 06:12 AM
Find all posts by this user Quote this message in a reply
nole Offline
1st String
*

Posts: 1,883
Joined: Mar 2014
Reputation: 210
I Root For: FSU
Location:
Post: #212
RE: Latest on ACC Football for 2020
(05-25-2020 06:12 AM)CardinalJim Wrote:  
(05-24-2020 11:00 AM)GTFletch Wrote:  FOR THE RECORD:

FACT: There are 347 DI Schools across 49 different states.

FACT: Football garners more revenue than the next 35 other sports combined at Division I schools. On average, football brings in $31.9 million in revenue, while men's basketball (the second-highest grossing sport) comes in a distant second at $8.1 million. For reference, women's basketball brings in $1.8 million, while rowing brings in just $932,646.

Link
https://finance.zacks.com/much-money-col...10346.html

Quit cherry picking and brings some facts or data to support your disagreemnt with my original statement:

There is a fact of life in Division I athletics that cannot be ignored. Football is responsible for 85% of an athletic department's revenue—if not more. At many schools the only other sport that pays its way is men's basketball, although a few and a I mean... a very few others..... wrestling or hockey programs provide financial support, and women's basketball comes close to avoiding red ink. Again that is a very few!!!

Translation: If football can't be played, schools most likely will have to cancel all sports.

And don't get caught up on the idea that they could play football in the spring. It would be ill-advised to think schools could play in March, April and May, and expect players to be back in camp the following August for the start of another season.

Translation: There will be sports in the fall! Thank God for Football! Go Jackets!

While this might be true at the big P5 schools that have been feeding at the conference teet for decades, it isn’t true everywhere. I doubt no football will keep Big East programs from playing basketball.

It certainly won’t hurt The Big East, A10 and other no football conferences, if college football isn’t played. They will still play basketball.

College football, while enjoyable, isn’t the end all be all that some try to make it out to be. That’s the parochial thinking of The SEC and SEC wannabes.

Contrary to the beliefs of some of the Bubbas in the South, we can survive a season without college football.

why would football not be played but basketball would?

Seems to be the issue is....are we cancelling both or playing both.
05-25-2020 11:10 AM
Find all posts by this user Quote this message in a reply
Hokie Mark Offline
Hall of Famer
*

Posts: 23,797
Joined: Sep 2011
Reputation: 1403
I Root For: VT, ACC teams
Location: Greensboro, NC
Post: #213
RE: Latest on ACC Football for 2020
(05-25-2020 11:10 AM)nole Wrote:  
(05-25-2020 06:12 AM)CardinalJim Wrote:  
(05-24-2020 11:00 AM)GTFletch Wrote:  FOR THE RECORD:

FACT: There are 347 DI Schools across 49 different states.

FACT: Football garners more revenue than the next 35 other sports combined at Division I schools. On average, football brings in $31.9 million in revenue, while men's basketball (the second-highest grossing sport) comes in a distant second at $8.1 million. For reference, women's basketball brings in $1.8 million, while rowing brings in just $932,646.

Link
https://finance.zacks.com/much-money-col...10346.html

Quit cherry picking and brings some facts or data to support your disagreemnt with my original statement:

There is a fact of life in Division I athletics that cannot be ignored. Football is responsible for 85% of an athletic department's revenue—if not more. At many schools the only other sport that pays its way is men's basketball, although a few and a I mean... a very few others..... wrestling or hockey programs provide financial support, and women's basketball comes close to avoiding red ink. Again that is a very few!!!

Translation: If football can't be played, schools most likely will have to cancel all sports.

And don't get caught up on the idea that they could play football in the spring. It would be ill-advised to think schools could play in March, April and May, and expect players to be back in camp the following August for the start of another season.

Translation: There will be sports in the fall! Thank God for Football! Go Jackets!

While this might be true at the big P5 schools that have been feeding at the conference teet for decades, it isn’t true everywhere. I doubt no football will keep Big East programs from playing basketball.

It certainly won’t hurt The Big East, A10 and other no football conferences, if college football isn’t played. They will still play basketball.

College football, while enjoyable, isn’t the end all be all that some try to make it out to be. That’s the parochial thinking of The SEC and SEC wannabes.

Contrary to the beliefs of some of the Bubbas in the South, we can survive a season without college football.

why would football not be played but basketball would?

Seems to be the issue is....are we cancelling both or playing both.

Based on what we know about the disease I'd say you're more likely to get it at an indoor basketball game than an outdoor football game.
05-25-2020 01:56 PM
Visit this user's website Find all posts by this user Quote this message in a reply
TexanMark Offline
Legend
*

Posts: 25,683
Joined: Jul 2003
Reputation: 1331
I Root For: Syracuse
Location: St. Augustine, FL
Post: #214
RE: Latest on ACC Football for 2020
05-25-2020 05:02 PM
Visit this user's website Find all posts by this user Quote this message in a reply
GTFletch Offline
All American
*

Posts: 3,961
Joined: Jun 2014
Reputation: 295
I Root For: Georgia Tech
Location: Georgia
Post: #215
RE: Latest on ACC Football for 2020
Great Info about ACC Schools... However I was talking D1 as a whole.... But the following ACC schools would line up with my statement:
BC, CLEMSON,GT, NC STATE, ND, PITT, UVA, VT, & Wake.... FSU is using some sort of enhanced math technique but I am willing to go out on a limb and include them with out researching... But even if we left them out 9 Schools from a traditionally strong Basketball Conf falls into my statement.... Just imagine what it looks like in the rest of the P-5 and G-5 Conf with FB programs before we even get to the Socon and FCS Cond with FB programs... IIWII... Very Few is probably spot on!

Link
https://accfootballrx.blogspot.com/
(This post was last modified: 05-26-2020 06:47 AM by GTFletch.)
05-25-2020 05:38 PM
Find all posts by this user Quote this message in a reply
Statefan Offline
Banned

Posts: 3,511
Joined: May 2018
I Root For: .
Location:
Post: #216
RE: Latest on ACC Football for 2020
(05-25-2020 05:51 AM)CardinalJim Wrote:  
(05-24-2020 02:16 PM)Statefan Wrote:  The University's sweetheart deal with the YUM Center flows through the Basketball side of the ledger.

While the lease giving UofL 88% of the yearly profits from leasing the 71 suites in the Yum Center, certainly hasn’t hurt UofL’s bottom line, there is more to our basketball profitability than a lease deal.

In this 2011 piece about Kentucky’s failure to capitalize on basketball the way Louisville has, Kristi Dosh points out:

“Now you might be thinking that Louisville’s success is owed to its new arena. However, Louisville was the largest profit-producer in college basketball the season before the new arena. In Freedom Hall, Louisville basketball’s previous home, it made $1.6 million on suite rentals and $10.8 million in ticket-related contributions required to be eligible to rent those suites. In the new arena those numbers have sky-rocketed to $5.7 million in suite rentals and $17.2 million in ticket-related contributions.“

http://businessofcollegesports.com/2011/...g-revenue/

Jim, a deal like that would have landed NC people in jail. Unless the contract has been amended, the last time I saw it the town was on the hook for running the place, paying the electric bill, etc. This means it's ALL profit in the YUM center for Louisville, no overhead, no depreciation and that 88% of the profit included not just basketball games for the circus, etc., etc. I will grant you that as the only game in town Louisville had the market cornered in your metro. Trust me a three way split with Duke and UNC-Ch is not the best way to go and you are to be commended for squeezing on behalf of the U, but had something like that happened in NC, folks would have been indicted and served time painting the shuffleboard court at the Sanford Advancement Center.
05-25-2020 07:21 PM
Find all posts by this user Quote this message in a reply
CardinalJim Online
Welcome to The New Age
*

Posts: 16,572
Joined: Apr 2004
Reputation: 2998
I Root For: Louisville
Location: Staffordsville, KY
Post: #217
RE: Latest on ACC Football for 2020
(05-25-2020 11:10 AM)nole Wrote:  why would football not be played but basketball would?
Seems to be the issue is....are we cancelling both or playing both.

If each conference is making the choice to play or not play, then The Big East will be choosing to play basketball or not. It is doubtful football being played or not is part of their decision.
05-25-2020 07:23 PM
Find all posts by this user Quote this message in a reply
CardinalJim Online
Welcome to The New Age
*

Posts: 16,572
Joined: Apr 2004
Reputation: 2998
I Root For: Louisville
Location: Staffordsville, KY
Post: #218
RE: Latest on ACC Football for 2020
(05-25-2020 07:21 PM)Statefan Wrote:  
(05-25-2020 05:51 AM)CardinalJim Wrote:  
(05-24-2020 02:16 PM)Statefan Wrote:  The University's sweetheart deal with the YUM Center flows through the Basketball side of the ledger.

While the lease giving UofL 88% of the yearly profits from leasing the 71 suites in the Yum Center, certainly hasn’t hurt UofL’s bottom line, there is more to our basketball profitability than a lease deal.

In this 2011 piece about Kentucky’s failure to capitalize on basketball the way Louisville has, Kristi Dosh points out:

“Now you might be thinking that Louisville’s success is owed to its new arena. However, Louisville was the largest profit-producer in college basketball the season before the new arena. In Freedom Hall, Louisville basketball’s previous home, it made $1.6 million on suite rentals and $10.8 million in ticket-related contributions required to be eligible to rent those suites. In the new arena those numbers have sky-rocketed to $5.7 million in suite rentals and $17.2 million in ticket-related contributions.“

http://businessofcollegesports.com/2011/...g-revenue/

Jim, a deal like that would have landed NC people in jail. Unless the contract has been amended, the last time I saw it the town was on the hook for running the place, paying the electric bill, etc. This means it's ALL profit in the YUM center for Louisville, no overhead, no depreciation and that 88% of the profit included not just basketball games for the circus, etc., etc. I will grant you that as the only game in town Louisville had the market cornered in your metro. Trust me a three way split with Duke and UNC-Ch is not the best way to go and you are to be commended for squeezing on behalf of the U, but had something like that happened in NC, folks would have been indicted and served time painting the shuffleboard court at the Sanford Advancement Center.

I understand but you have to know politics in Kentucky. Jim Host, a UK booster and formerly of Lexington based Host Communications, negotiated the deal with Tom Jurich, Louisville’s former AD.

Jurich let it be known before negotiations began that UofL was content to stay at Freedom Hall or build and finance its own on campus facility. Tom knew with Louisville as its anchor tenant the arena wouldn’t be built.

Why did Host give Tom everything he asked for? Jim needed the arena built in Louisville so UK would have another venue in state to play NCAA tournament games. Kentucky fans have longed envied Duke, UNC, Wake and NC State having the ability to play NCAA tournament games in state.

Host was charged with making it happen. Jurich wisely took advantage of it.

Jurich even went as far as to gig Kentucky fans, after the deal, by publicly saying he wasn’t sure if Louisville would have the time or staff to host NCAA games at the Yum Center.
05-25-2020 07:43 PM
Find all posts by this user Quote this message in a reply
Kaplony Offline
Palmetto State Deplorable

Posts: 25,393
Joined: Apr 2013
I Root For: Newberry
Location: SC
Post: #219
RE: Latest on ACC Football for 2020
https://theclemsoninsider.com/2020/05/26...es-june-8/

Quote:Clemson football and men’s and women’s basketball student-athletes are set to return to voluntary activity beginning June 8. The move comes as Clemson University announced its phased return plan last week, including the NCAA’s decision to permit voluntary activity for all sports.

Student-athletes may return back to the Clemson area as early as June 1 while undergoing a period of social and physical distancing – seven days at home prior to return to the area, and seven days in the Clemson area.

Once this period is complete without symptoms, the student-athletes are eligible to begin pre-participation physicals with Clemson Sports Medicine. This physical includes a test for COVID-19, as well as an antibody test. Student-athletes must also complete a daily screening before entering facilities.

“We are encouraged to begin the first step in the implementation of our Phase I planning, and appreciate the leadership of our University in helping us prepare for our student-athletes and staff to return in early June,” said Director of Athletics Dan Radakovich. “We are confident in our ability to provide a safe environment and have put our energy into that goal. We’re encouraged by the progress and remain vigilant as we begin to welcome a limited number of student-athletes back to our facilities.”
05-26-2020 12:21 PM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.