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ADept Budget

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July 14th, 2009 at 2:50 PM
#1
Michiganguy19
Joined: 07/05/2008
MGoPoints: 719
ADept Budget

Decent article on Athletic Department struggles around the U.S. - which ultimately shows how lucky we are that the state economy hasn't tried to derail the Big House expansion and other AD projects. I know that there are ongoing debates about getting a home and away series with another major program and who we should get for the 2010 opener, this shows that those decisions do have a trickle down to other athletic teams. Hopefully we can see an expansion involving Title IX sometimes soon, adding Men's Lax and Women's Something...

Highlights:

Michigan's athletic department had a $9 million surplus after the most recent fiscal year. The Wolverines just completed several multimillion-dollar construction projects and have plans to build new wrestling and basketball practice facilities and a new soccer stadium.

Florida, buoyed by its second football BCS national championship in three seasons, will increase its athletic budget by $5.9 million this year. The Gators had the third-highest grossing athletic department in the country last year at $106 million, according to Street & Smith's Sports Business Journal. Texas had the biggest at $120.3 million, and Ohio State was second at $118 million.

Texas' football program generated $73 million last year.

http://sports.espn.go.com/ncaa/columns/story?columnist=schlabach_mark&id...

'Cause I Bleed Blue...

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July 14th, 2009 at 3:20 PM | Just for clarification... (Score:1)
Big Boutros
Big Boutros's picture
Joined: 07/08/2008
MGoPoints: 8004

Was that article saying that Texas made a $73 million surplus last year?

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July 14th, 2009 at 3:29 PM | My take was that football (Score:1)
Farnn
Joined: 07/07/2008
MGoPoints: 2345

My take was that football made $73 million of the $120 million.

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July 14th, 2009 at 3:30 PM | I think it's gross revenues (Score:1)
Messenger Puppet
Messenger Puppet's picture
Joined: 07/05/2008
MGoPoints: 431

not net. 3 years ago it was 53mm receipts/38 mm "profits"

http://money.cnn.com/2006/01/04/commentary/column_sportsbiz/sportsbiz/

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July 14th, 2009 at 3:30 PM | Not surplus. Just that it (Score:1)
Blazefire
Blazefire's picture
Joined: 04/17/2009
MGoPoints: 15742

Not surplus. Just that it generated that much. Still only a little more than half of the overall budget.

Edit: To Boutros.

"This is the EMU game, not the emo game."
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July 14th, 2009 at 3:55 PM | For all the shit people give (Score:1)
West Texas Blue
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Joined: 06/30/2008
MGoPoints: 1661

For all the shit people give Sailboat Martin, he has done a fantastic job on getting the Athletic Department back in the black. We've gotten new practice facilities for football and basketball (much needed) and the stadium renovations. He's put his business credentials to good use. So far his Beilein hire looks great; hopefully the Rod hiring will look good after this year.

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July 14th, 2009 at 3:59 PM | Beilien hiring looks like (Score:1)
Blazefire
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Joined: 04/17/2009
MGoPoints: 15742

Beilien hiring looks like freaking genius to me.

"This is the EMU game, not the emo game."
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July 14th, 2009 at 8:05 PM | Absolutely. So far, so good (Score:1)
WolvinLA
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Joined: 06/30/2008
MGoPoints: 869

Absolutely. So far, so good with that one.

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July 14th, 2009 at 7:44 PM | Farnn, Moeller, Blazefire (Score:1)
Big Boutros
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Joined: 07/08/2008
MGoPoints: 8004

Thanks.

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