ACC Financial Data

[MaxwellCuse]

I saw this on a Georgia Tech fan forum. I have no idea how accurate -- or inaccurate -- this information is. Let's just say I was surprised to see Syracuse listed as the second most profitable AD in the ACC after Notre Dame. I was also surprised to see SU had the third highest total revenue in the conference (guess TGD did know how to spend).

I'd be interested in hearing what you guys make of this: http://www.nwherald.com/2015/07/14/college-athletics-acc-financial-rankings/akhxgwk/

 

[Full_Rebar]

I don't know how SU does the numbers, but someone pointed me to this that they saw online:

Terry Donovan, who has more than 15 years of athletics business and administration experience, has been hired as Fresno State’s senior associate athletic director for business operations. Donovan has spent the past four years as the executive senior associate athletics director and chief financial officer at Syracuse, where he helped transform a $3 million deficit into a $5 million surplus within 24 months while managing a budget of more than $80 million, according to a Fresno State news release.

Difference in ACC $?

 

[orange_in_VA]

I saw this on a Georgia Tech fan forum. I have no idea how accurate -- or inaccurate -- this information is. Let's just say I was surprised to see Syracuse listed as the second most profitable AD in the ACC after Notre Dame. I was also surprised to see SU had the third highest total revenue in the conference (guess TGD did know how to spend).

I'd be interested in hearing what you guys make of this: http://www.nwherald.com/2015/07/14/college-athletics-acc-financial-rankings/akhxgwk/

I think it was Forbes that put out an article about the highest revenue schools in every state. They published the same numbers. We make a ton of money off of basketball at Cuse, which helps a lot. When I saw the numbers and compared to other schools (not just ACC), I got a little depressed knowing how little we invest in football especially. We make more than teams like UCLA, USC, Clemson, WVU. We make 52.5 million more than Boise State. Imagine what we make when bball plays in tourneys, and football is a consistent winner.

 

[javadoc]

I think it was Forbes that put out an article about the highest revenue schools in every state. They published the same numbers. We make a ton of money off of basketball at Cuse, which helps a lot. When I saw the numbers and compared to other schools (not just ACC), I got a little depressed knowing how little we invest in football especially. We make more than teams like UCLA, USC, Clemson, WVU. We make 52.5 million more than Boise State. Imagine what we make when bball plays in tourneys, and football is a consistent winner.

Schools might allocate revenues differently. How do you break up the ACC distribution? 45% football 45% hoops 10% LAX/other? I don't think there is a template or formula that everyone is required to use.

In a big picture perspective, I think it's pretty close to the truth that there are three kings in hoops. We're also in a "middle tier" in football, which is OK for now. Once football really gets rolling we should be in good shape.

I would like to see those numbers adjusted to assume that all schools started paying the TCOA stipend, using the official numbers that each school has published. We might look even better in that regard.

 

[orange_in_VA]

Schools might allocate revenues differently. How do you break up the ACC distribution? 45% football 45% hoops 10% LAX/other? I don't think there is a template or formula that everyone is required to use.

In a big picture perspective, I think it's pretty close to the truth that there are three kings in hoops. We're also in a "middle tier" in football, which is OK for now. Once football really gets rolling we should be in good shape.

I would like to see those numbers adjusted to assume that all schools started paying the TCOA stipend, using the official numbers that each school has published. We might look even better in that regard.

One major difference in some of the schools that make less revenue, but pay coaches and win that isn't accounted for is donors. I dont know how successful we are at getting large donations, but some schools rack up large donations every year.

 

[Orijinal]

If Syracuse is doing this well financially, where is the money on the field, in facilities, and in the amount of sports that Syracuse offers? Why no baseball, no men's hockey, no swimming and diving, no wrestling? Why all the hand wringing about how much revenue athletics brings in, about athletics operating at a deficit, about those in academia complaining about the losses felt in athletics? Something is not adding up.

 

[Chip]

I saw this on a Georgia Tech fan forum. I have no idea how accurate -- or inaccurate -- this information is. Let's just say I was surprised to see Syracuse listed as the second most profitable AD in the ACC after Notre Dame. I was also surprised to see SU had the third highest total revenue in the conference (guess TGD did know how to spend).

I'd be interested in hearing what you guys make of this: http://www.nwherald.com/2015/07/14/college-athletics-acc-financial-rankings/akhxgwk/

This? Why I could make a hat, or a brooch, or a pterodactyl... I'm always skeptical of the book cooking when I see things like this.

 

[orange_in_VA]

If Syracuse is doing this well financially, where is the money on the field, in facilities, and in the amount of sports that Syracuse offers? Why no baseball, no men's hockey, no swimming and diving, no wrestling? Why all the hand wringing about how much revenue athletics brings in, about athletics operating at a deficit, about those in academia complaining about the losses felt in athletics? Something is not adding up.

Well, we pay the coaches for the non-rev sports we do have a ridiculous amount of money, and our old AD had too many executive level employees on the payroll. Neither of those things helped. That doesn't really answer your question, but we definitely had/have unneeded expenses.

I don't understand how we aren't making significant revenue off of Nike either which blows my mind. They just signed a deal with Michigan for like 140 million or something crazy.

 

[Full_Rebar]

Well, we pay the coaches for the non-rev sports we do have a ridiculous amount of money, and our old AD had too many executive level employees on the payroll. Neither of those things helped. That doesn't really answer your question, but we definitely had/have unneeded expenses.

I don't understand how we aren't making significant revenue off of Nike either which blows my mind. They just signed a deal with Michigan for like 140 million or something crazy.

I think you are on the right track when you ask what happened with SU's Nike deal.

 

[Scooch]

This? Why I could make a hat, or a brooch, or a pterodactyl... I'm always skeptical of the book cooking when I see things like this.

THERE'S A SALE AT PENNEYS!!!

 

[SU68]

If Syracuse is doing this well financially, where is the money on the field, in facilities, and in the amount of sports that Syracuse offers? Why no baseball, no men's hockey, no swimming and diving, no wrestling? Why all the hand wringing about how much revenue athletics brings in, about athletics operating at a deficit, about those in academia complaining about the losses felt in athletics? Something is not adding up.

You want to add baseball with a late NY spring, men's hockey which is not played in the ACC except for BC and two more sports? That's times two because of Title IX. Plus increase coaching salaries, build a new stadium or rehab the Dome, plus give buckets of revenue to academic programs like the faculty wants. It wouldn't take long to dig a financial hole for ourselves.

 

[javadoc]

You want to add baseball with a late NY spring, men's hockey which is not played in the ACC except for BC and two more sports? That's times two because of Title IX. Plus increase coaching salaries, build a new stadium or rehab the Dome, plus give buckets of revenue to academic programs like the faculty wants. It wouldn't take long to dig a financial hole for ourselves.

Shore up the existing sports, wait to see what impact the TCOA stipend has. Then think about expanding. Now that we have the IPF we're in a good place, can afford to slow down and make sure everything is tight.

 

[Orangejet]

You want to add baseball with a late NY spring, men's hockey which is not played in the ACC except for BC and two more sports? That's times two because of Title IX. Plus increase coaching salaries, build a new stadium or rehab the Dome, plus give buckets of revenue to academic programs like the faculty wants. It wouldn't take long to dig a financial hole for ourselves.

Yes, I say add an ACC baseball team and men's hockey in whatever conference BC is a member. Rehab the Dome, increase recruiting expenditures, add more swag to the football facilities and watch the revenue & profits soar. Think I am sounding like a democrat...

 

[Moontan]

I'm not sure if this is still valid, but... at some point most football fields at state schools were maintained by the state and that did not come out of a school's athletic budget... meanwhile, SUAD was paying to keep the Dome inflated year-round.

 

[MaxwellCuse]

I'd love to see a breakdown of both revenues and expenses for the athletics department but I presume that is not possible? I was interested to see that football returned a $14.9 million profit, while the total profit for the SUAD was a little over 15 million.

 

[orange79]

Yes, I say add an ACC baseball team and men's hockey in whatever conference BC is a member. Rehab the Dome, increase recruiting expenditures, add more swag to the football facilities and watch the revenue & profits soar. Think I am sounding like a democrat...

Unfortunately, pipe dreams. No brand new team will be accepted into Hockey East. And what women's sports are you going to add to satisfy Title IX? That's 4 new sports. I know we now have ACC money, but 4 new sports is unrealistic.

 

[longtimefan]

I'd love to see a breakdown of both revenues and expenses for the athletics department but I presume that is not possible? I was interested to see that football returned a $14.9 million profit, while the total profit for the SUAD was a little over 15 million.

That just does not compute. Basketball is SU's cash cow.

 

[MSOrange]

That just does not compute. Basketball is SU's cash cow.

One would think that, but football brings in the most money for all Power 5 schools.

 

[omniorange]

Unfortunately, pipe dreams. No brand new team will be accepted into Hockey East. And what women's sports are you going to add to satisfy Title IX? That's 4 new sports. I know we now have ACC money, but 4 new sports is unrealistic.

True, but within a decade Big Ten Hockey will challenge Hockey East for supremacy and the landscape could change as a result.

Cheers,
Neil

 

[javadoc]

I'd love to see a breakdown of both revenues and expenses for the athletics department but I presume that is not possible? I was interested to see that football returned a $14.9 million profit, while the total profit for the SUAD was a little over 15 million.

Football and hoops have profits but the total net has the offset for non revenue sports.

 

[Alsacs]

Baseball would be a waste of money IMO. The ACC already has 14 teams and if we are going to add a sport atleast hockey would make sense. We would likely try to get into the ECAC where we have local schools and our brand would fit nicely in with. If we needed to add women's sports swimming and diving would be the easiest IMO.
Women's swimming could add a total of 14 scholarships. Women's Diving could add up to 14 scholarships.
Men's hockey can give out a total of 18 scholarships.

So if SU wanted men's hockey they need to dish out atleast 18 scholarships and swimming/diving would make the most IMO.

 

[orange79]

True, but within a decade Big Ten Hockey will challenge Hockey East for supremacy and the landscape could change as a result.

Cheers,
Neil

What makes you thing B1G hockey will challenge Hockey East for supremacy? Not a snarky question, but serious. All the B1G could manage was its champ in the NCAA's this year. And the previous 2 years, they had 2 teams in. Compare that to Hockey East. 2015 they had 3, 2014 they had 5, 2013 they had 3. I tend to doubt that anyone from Hockey East would move to the B1G (ala JHU in lax).

Unless, of course, you are assuming sleeping giant Rutgers will awaken and raise everyone else in the B1G.

 

[PeteCalvin]

This? Why I could make a hat, or a brooch, or a pterodactyl... I'm always skeptical of the book cooking when I see things like this.

Chip, how 'bout some coffee?

 

[Alsacs]

Minnesota is really the only elite B1G hockey team. Wisconsin/Michigan have been decent recently and I remember Ohio State making a Frozen Four in Boston over a decade ago, but Hockey East will be a better conference IMO.

The Big Ten only has 6 members. HE has solid schools in Boston U, Boston College, New Hampshire, Maine, PC(won the NC this year), Notre Dame, Vermont and few others.

However with the sleeping giant that is UConn hockey joining Hockey East I mean how doesn't the Big Ten realize taking UConn puts them over the top as the greatest athletic conference in the history of the universe.

 

[longtimefan]

Minnesota is really the only elite B1G hockey team. Wisconsin/Michigan have been decent recently and I remember Ohio State making a Frozen Four in Boston over a decade ago, but Hockey East will be a better conference IMO.

The Big Ten only has 6 members. HE has solid schools in Boston U, Boston College, New Hampshire, Maine, PC(won the NC this year), Notre Dame, Vermont and few others.

However with the sleeping giant that is UConn hockey joining Hockey East I mean how doesn't the Big Ten realize taking UConn puts them over the top as the greatest athletic conference in the history of the universe.

Check your record book. Michigan has 9 NCAA championships. Wisconsin has six. And MSU won it's third in 2007.

The east has won most of the recent championships, but that includes Yale and Union, which are ECAC schools.