Syracuse football worth $255MM

[supp]

link? I haven't seen this one yet lol

Rutgers’ athletics deficit topped $70M again in 2023-24. But it still wasn’t a record.

Rutgers spent an all-time record to support its athletics teams during the 2023-24 school year.

www.nj.com

Posted in NJ.com today. Fiscal year is from July 2023-July 2024.

 

[NJneer12]

Rutgers’ athletics deficit topped $70M again in 2023-24. But it still wasn’t a record.

Rutgers spent an all-time record to support its athletics teams during the 2023-24 school year.

www.nj.com

Posted in NJ.com today. Fiscal year is from July 2023-July 2024.

TY! I was able to find it and posted it to the Rutty thread. Unreal how much money every year.

 

[Blanko97]

A combination of market and market penetration. Although Maryland and South Carolina have similar populations, Clemson has to split the state with South Carolina. And nearby Georgia, etc. I just hope that they do not see this as the ACC's fault and sue to get out... oh wait...

Thats a good point

 

[sufandu]

I don't believe for a second Clemson is worth less than Maryland unless they are assuming that Underarmour would continue to give money to a for-profit entity.

Based on that chart, it looks like their cash flow is quite a bit less than most other teams. I wonder why.

 

[David321]

SUFB is priceless.

 

[Offthedome]

Rutgers athletics recently reported a $70-plus million loss for the past fiscal year despite $60 million in B1G revenues.

My first thought was, "That's billionaire accounting."

Or maybe they just can't count at Rutgers.

 

[NJCuse97]

So...within a 5 hour driving "radius" of Syracuse:

48 Million people. Boston, Providence, NYC, Philly, Buffalo, Rochester and Albany sprawl is also significant. And Jersey is basically one big metro area. Cleveland, Pittsburgh, Baltimore are next closest areas right outside area,

Montreal, Toronto, and Quebec are also included (though I don't think border time is factored in) but also huge metro areas people should be flocking to the Orange.

Penn State, Boston College and Rutgers are within this boundary.

Lock down the I-90 corridor, get your foothold in NYC, Long Island, Jersey, and the East PA areas. Start a marketing campaign. Hit these areas. Give me a billboard when I enter NYS on I-81. Or in the Summer towards the Jersey Shore going down the AC Expressway.

I was recently told here (not by you) that the Northeast/NYC megalopolis was not a factor or value when looking at the strength and value of the SU Athletic Department and revenue generation. I was told all that mattered was ticket sales.

 

[NJCuse97]

Interestingly the school that the BiG brought in to tap the Metro NY market is operating at a huge deficit. Also, if you look at the schools ranked lower than SU there's an alarming number that have zero positive cash flow. That'll have interesting implications as the shape of college fb continues to evolve.

As mentioned in the private investment thread, I feel like a "positive" factor of a zero balance or a deficit in valuing these programs has to do with the perception of reinvestment into improving the product. I would guess that positive cash flow given these programs are non-profit and typically need to show a zero profit might signify to this analysis that the university is looking to mine the AD for funds/profit rather than improve the product. I for one don't totally agree with that if so, but as I mentioned, this is a WAG on my part.

 

[NJCuse97]

It also is a 4-5 hour drive to at least 5 really major population centers.

On a related note, Gross was kind of ridiculous in a lot of what he did, but his push to rebrand Syracuse as "New York's College Team" was one thing I wish that had continued after his replacement. If the college realignment powers that be give us even a partial share of credit for NYC TV when the chairs stop moving, we'll have a much better chance of being in one of them.

Of course, having winning basketball and football programs matters more...

I agree with this entirely and never understood the rejection of this branding, or even the related "home games" down state.

 

[LAOrange]

I don't want to subscribe to the Wall Street Journal. What was our ranking vis-à-vis private schools?

 

[OrangePA]

I don't believe for a second Clemson is worth less than Maryland unless they are assuming that Underarmour would continue to give money to a for-profit entity.

Big Ten money?

 

[CuseIn282xx]

These valuations are so goofy. No one buys or sells college football teams so no one has any idea what they'd fetch

Oh, but the day is coming. The ships have been burned on the notion of amateurism in college athletics. It may take a few years, but soon these teams (or at least 49% of each of these teams) will indeed be for sale, snapped up by billionaires and hedge funds and pension funds and venture capitalists. Book it.

 

[Willy75]

I don't want to subscribe to the Wall Street Journal. What was our ranking vis-à-vis private schools?

I believe no. 8. ND, USC, Miami, Northwestern, TCU, BYU, Duke ahead of SU.

 

[sufandu]

I believe no. 8. ND, USC, Miami, Northwestern, TCU, BYU, Duke ahead of SU.

Northwestern seems like a weird one to be ahead of us. Is that just because of the B1G money and a new stadium?

 

[Willy75]

Northwestern seems like a weird one to be ahead of us. Is that just because of the B1G money and a new stadium?

The BiG money makes the most sense to me; 14 BiG schools rank ahead of SU.

 

[NJCuse97]

Northwestern seems like a weird one to be ahead of us. Is that just because of the B1G money and a new stadium?

Also, they are essentially in Chicago and have great new facilities.

 

[orangeinohio]

Also, they are essentially in Chicago and have great new facilities.

Northwestern is spending about $800M to rebuild their football stadium. They apparently have access to huge donors.

 

[NJCuse97]

Northwestern is spending about $800M to rebuild their football stadium. They apparently have access to huge donors.

The Ryan family for one.

 

[BKCuse]

… Syracuse isn't huge, but it's estimated as the 88th biggest television market, with a population of 871k. It also is a 4-5 hour drive to at least 5 really major population centers.

On a related note, Gross was kind of ridiculous in a lot of what he did, but his push to rebrand Syracuse as "New Yorks College Team" was one thing I wish that had continued after his replacement. If the college realignment powers that be give us even a partial share of credit for NYC TV when the chairs stop moving, we'll have a much better chance of being in one of them.

Of course, having winning basketball and football programs matters more...

I seem to remember Syracuse was around the 60th TV Market in late 80s/early 90’s

Couldn’t agree more on the NY’s College Team. It was smart, catchy, effective and true. Really pxxxed me off when SU gave up the permanent Syracuse sign in Yankee Stadium.

 

[Niastri]

I seem to remember Syracuse was around the 60th TV Market in late 80s/early 90’s

Couldn’t agree more on the NY’s College Team. It was smart, catchy, effective and true. Really pxxxed me off when SU gave up the permanent Syracuse sign in Yankee Stadium.

I first looked it up during one of these discussions a decade or so ago. It hadn't changed much in that time... I can't speak to before then directly. But it would make sense. New York State has generally been stagnant in population for decades, while other areas of the country are huge destinations.

As for the branding, I'm going they get back to that. Wild hack made an aggressive, outside the box hiring to the football head coach position, and it’s been a home run. I’m hoping he can follow that up by working with Fran Brown to work on the marketing program the school in the program regionally and nationally.

Gross had little too back up his bravado, but marketing seemed to be his thing, and his "New York's College Team" was going to be a slow going, but potentially paradigm shifting idea.

What Gross really needed was a season like the one we just had. Marketing with no product can still sometimes work, but not when you're trying to influence lifelong loyalty patterns to something like college football.

Think about tiny regional college basketball team Duke. They were ok before, certainly a regional brand... But then suddenly they win back to back championships while Dookie V s h a t himself touting them in every tv broadcast about how great they are... Now every slimy disgusting rock has a Duke fan hiding under it.

 

[Chicago44s]

The Ryan family for one.

The majority of the townies living in Evanston hate the idea of this new stadium. They were happy with the glorified high school stadium. A lot of the scenes in The Express were filmed at Ryan Field.

 

[Eric15]

I assume Syracuse basketball‘s most recent valuation is $255.

 

[721Comstock]

I assume Syracuse basketball‘s most recent valuation is $255.

$2.55

Actually, it’d be $2.44.
#Brand.

 

[azbobbop]

My shorthand of reading this article is that Syracuse has a damn good AD.

 

[NJCuse97]

The majority of the townies living in Evanston hate the idea of this new stadium. They were happy with the glorified high school stadium. A lot of the scenes in The Express were filmed at Ryan Field.

Northwestern unveils plans for new football stadium

Northwestern unveiled plans Wednesday to build a new Ryan Field and replace the current 97-year-old football stadium with a state-of-the-art facility featuring a reduced seating capacity and greater emphasis on the fan experience.

www.nbcsports.com

For those that don’t know. This article talks about how the Ryan family gave over $500mm to build a smaller stadium with lots of bells and whistles to create a better game day atmosphere. Their initial pledge was about $480mm, some to academics, and they upped the donation (doesn’t say how much) to assure money would not be siphoned from “research, scholarship, student aid, tuition or staff and faculty support.” The Ryan family renovated the existing stadium in 1997. They also funded the new student/athletic center on campus about 5-7 years ago (world class athletic center with the greatest lake views that is open to all students). I worked on a really great hospital project in Streeterville called the Shirley Ryan Ability Center. It has an indirect tie to NW Medical Center “across the street”. If you want to see what we need, look at that complex. My later firm also worked on that
Northwestern University Louis A. Simpson and Kimberly K. Querrey...