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Syracuse Athletics
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Question about HC future
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[QUOTE="rrlbees, post: 4069052, member: 96"] I’m not telling you anything you don’t already know but that $30m is only part of the schools revenue stream in a fiscal year. Across the country colleges lost $2B of revenue due to covid last fiscal year. SU is no doubt part of that $2B. SU went all of last fiscal year (I think, but not sure, their fiscal year is June-June or July-July?) with no football or basketball attendance, parking, concessions, souvenirs, probably a drop in donations, etc. Sure, they did not have to pay staff at the games such as ushers but I’m going to give a rough estimate based on estimated numbers. Using an average paid attendance of 30,000 for football and 20,000 for basketball. Using 6 football games and 19 basketball games. Using an average of $50 per person for tix, parking, concessions, etc (may be a bit low). The result is a loss in revenue of $9m for football and $19m for basketball. That’s $28m total. Almost what the ACC gives us. So while the ACC does give us $30m the total budget took a big hit last fiscal year and probably a small hit this year due to covid concerns. So it’s not like we are spilling over with cash and tough decisions have to be made on where to spend what we do have. And of course some of our fans are promoting reducing that revenue even further. Peace [/QUOTE]
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