One thing I don't understand is how Syracuse basketball actually makes all the money and the football program loses money. That is probably my favorite hot take you have ever had. Could you explain that one more time. I need a good laugh.
Sure.
But I'm going to stick with Variable revenues and costs because the Allocation of Fixed is so fraught with potential games you can play. You will never be able to understand the NCAA numbers because you don't know what is in them. (How should we allocate the costs of the Dome or the Athletic Department?)
These are all "roughly right" wild-assed guesses, but they probably aren't wildly off.
Let's start with the basics like attendance.
SU basketball has averaged 25,000 fans for a while. They play 20 or so home games. That's 500,000 ticket buying, beer drinking, Dome Dog eating, and parking fans.
Football plays 6 games and draws 35,000 fans (?). That's 210,000 attendees or about 300,000 less than BB. The BB tickets are cheaper, but the price of the Dome Dogs is the same. (300,000 fans is a lot of fans!)
Then there's the COST (which is why Catholic schools like St Joes love basketball)
Staffing:
Football Staff is 30+ coaches, supports staff, etc. not counting graduate assistants
Basketball staff is 6 people
What's the cost of the 24 additional staff members for football? (24 x $75K would be about $2,000,000)
Scholarships:
The Cost of Attendance at SU is $50K a year. BB has 9 scholarship players, that's $450,000 a year.
Football has almost 10 times that or $4,500,000 a year. That's about $4 million more)
Someone once told me, half in jest, that you could run a college basketball program for about what the football program spends in athletic tape.
So the idea is that for SU, almost uniquely in college athletics, makes more profit from basketball than football.