MaizeAndBlueWahoo

March 18th, 2010 at 12:25 PM ^

Future Hokie in the family? Don't feel bad. Sometimes you do all you can as parents and it still turns out different from how you'd hoped.

;)

Actually, VT is a fine school - although like MSU it depends greatly on your major. I just....could never see myself wearing those colors.

MaizeSombrero

March 18th, 2010 at 11:40 AM ^

Duke University, a top seed in this year's NCAA men's basketball tournament, reported the largest loss of any men's basketball program last year after years of annual profits in the $4 million to $5 million range. The school said that was due to a shift in revenue to the non-sport specific classification.

They don't run the basketball program at a loss, its just how they report it. I guarantee that program takes in more money for the university then it spends.

Wolverine In Exile

March 18th, 2010 at 10:28 AM ^

When Martin took over the bball team was hemmoraging (sp?) money to the point that only football and hockey were revenue positive (and that was before Yost modifications). If we now have three sports that are revenue positive for the Ath Dept, that is an advantage in the logistics/planning that we have over every U in the country...

jmblue

March 18th, 2010 at 12:16 PM ^

I'm not positive, but I don't think men's basketball was ever losing money, even in the Ellerbe years. However, our profits from the big three sports weren't large enough to prevent the department as a whole from being in the red when Martin took over.

I was on campus at the time and I remember having a professor (in a class I took to fulfill the R&E requirement) who hated the athletic culture, especially football. She triumphantly announced to the class one day that the football program was operating at a loss. I tried to explain to her that she was confusing football with the AD as a whole, but she would hear nothing of it.

jlcoleman71

March 18th, 2010 at 10:38 AM ^

342 total schools on this list

UofM stats
Total Revenue = 42nd ($7.98M)
Total Expenses = 54th ($4.45M)
Profit = 33rd ($3.52M)
Profit Margin = 34th (44.20%)

OSU = 71% profit margin ($16M in revenue and $4.7M in expenses)
MSU = 42% profit margin ($15.6M in revenue and $9M in expenses)

Big Ten has 5 teams in the top 11 in terms of profit margin (OSU, IL, UofW, UofMinn and NW)

UMfan21

March 18th, 2010 at 11:01 AM ^

Good news, probably helped that student tickets tripled from last year. I wonder what the balance sheet will look like next year when student tickets slump back down again. They better put a good product on the court to get butts in the seats.

Zone Left

March 18th, 2010 at 12:30 PM ^

Being in the black is always good. It's a sign of generally successful teams and administrations. Plus, I personally like to not see schools use tax money to fund operations. It's kind of hard to justify millions for college sports when the state has to lay off employees and so many people are out of work.