WSU athletic budget

[Ta town]

Below I have posted numbers listed in usatoday and the link:

Year TicketSales StudentFees SchoolFunds Contributions Rights/Licensing OtherRevenue TOTALREV Scholarships CoachingStaff Building/Grounds OtherExpenses TOTAL EXP
2011 $4,122,355 $2,928,121 $3,501,835 $6,299,102 $3,496,535 $764,996 $21,112,944 $2,626,271 $6,538,535 $1,072,477 $9,691,991 $19,929,274
2010 $3,995,492 $2,930,635 $3,678,091 $5,223,972 $3,252,691 $762,009 $19,842,890 $2,441,202 $6,295,564 $924,367 $9,039,670 $18,700,803
2009 $3,912,846 $2,926,092 $3,139,344 $8,847,092 $3,417,916 $631,182 $22,874,472 $2,275,279 $6,162,713 $1,031,702 $8,565,833 $18,035,527
2008 $3,385,361 $2,758,250 $2,914,497 $4,629,448 $3,895,418 $1,134,113 $18,717,087 $2,267,344 $5,973,199 $1,019,442 $8,879,426 $18,139,411
2007 $3,735,548 $2,655,308 $2,869,359 $4,409,780 $3,162,578 $1,416,370 $18,248,943 $1,961,955 $5,942,557 $905,643 $8,309,128 $17,119,283
2006 $3,240,542 $2,454,523 $2,632,882 $4,466,582 $3,081,118 $668,426 $16,544,073 $1,876,865 $4,843,733 $1,049,927 $6,831,855 $14,602,380

http://www.usatoday.com/sports/college/story/2012-05-14/ncaa-college-athletics-finances-database/54955804/1

So to me it appears WSU from 2006 thru 2011 had a total revenue of $117,340,409 and expenses of $106,526,678. That would be a net of $10,813,731 from 2006 thru 2011.

Is this really the case? I was under the impression WSU basically broke even every year.

EDIT: My tabs are all screwed up, just click the link then hit the plus toggle button under WSU.

[SubGod22]

Sounds about right. And we were turning a profit before 2006

[Ta town]

So what does the athletic department do with the net funds? Looking at expenses it looks like facilities is listed so this should be straight up net. Are they trying to build up an athletic endowment of sort?

[SubGod22]

That I don't know. Personally, I think they should be setting it aside for football down the road :D

I'm sure much of it goes into some fund to help cover them if for some reason they're in the red for a year or two. I'm sure certain sustained revenue may be used to spend more in certain areas. Recruiting budgets perhaps?

[_kai_]

Goes into the secret safe underneath Eric's chair, with the strict policy that it not be opened unless Gregg says he's leaving.

[SpanglerFan316]

Goes into the secret safe underneath Eric's chair, with the strict policy that it not be opened unless Gregg says he's leaving.

:D

I don't think the revenue comes in at the exact same times/rates as the expenses and so one needs some extra cash on hand. Also, I don't know if they count pledges of money as current contributions and so appear to have more money on the books than on hand.

I understand that WSU athletics tries to maintain a small surplus (<$1M I think) each year because a drop in revenue (with Gregg's salary, etc.) could be terrible. While ADES gets a lot of flak here, I think he has done an outstanding job financially. WSU is not in the situation of other (football?) schools that are desperate for a new conference (and $$) because they are (close to) broke; WSU is in a strong situation. (Compare WSU with UE or DU or ISU-blue in the MVC.)

[SpanglerFan316]

PS I think (former)ADJS was also "tight with a dollar" and WSU has earned a profit since 2000 (??) or earlier. This is just a guess, however.

[pogo]

Since someone else opened the box I will put in my two cents. I had a short conversation with Dr Beggs just shortly after the new president was announced. He said among other things that the new president would not be surprised by what he finds at WSU. Part of that is he has been through this before but alot of things have changed and improved since Dr Beggs arrived. One of them was Dr Beggs met with Bill Bellknap (former AD) and was told that the athletic department ran out of money around march and the bank "carried" them until june or july when the new donations started to come in. Obviously with banking the way it is today that would not fly. Dr Beggs said it was due to many factors that the athletic budget has a surplus from year to year such as fiscal responsibility and increased membership/donations from the SASO group. I just found it amazing that the athletic department ran out of money like that for years and years but I guess we ran at a deficit before that.

[ShockTalk]

Really interesting looking at WSU's numbers and other schools. I know numbers can be pushed around a little and that enrollment of a school/rights & licensing can have a big impact on budgets.

WSU received about $3 mill from student fees and $3.5 mill from R&L. Total revenue of $21.1 mill, total expenses of $19.9, and showed a "profit" of $1.2 mill.

VCU received about $15.5 mill from student fees and almost $1.9 mill from R&L. Total revenue of almost $20 mill, total expenses of $21.5 mill, and net "loss" of $1.5 mill.

The difference in ticket sales WSU $4.1 mill, VCU less than $0.8 mill.

[dregn]

One thing to note over the last few years is the donations for upgrading the baseball stadium would likely be included in the revenue, but not been spent yet. Obviously that isn't 10 million, but likely accounts for 1-2 million over the last 2-3 years.

[EB 22]

Anybody know of a way to find out what WSU's budget for each individual sport is like Men's Basketball to Women's Softball to Men's Golf to Women's Basketball, etc?

[Ta town]

Anybody know of a way to find out what WSU's budget for each individual sport is like Men's Basketball to Women's Softball to Men's Golf to Women's Basketball, etc?

Here are basketball expenses for the Valley in 2011.

WSU spent 3.8 mil which is 2nd in Valley to CU at 4.8 mil. Just remember though CU rents their arena (not knocking it) and that is surely to add a big number to expenses. So really I bet they are very similar in Basketball expenses.

http://www.bbstate.com/info/schools-hoopsbudget&c=VALLEY

[ShockTalk]

Here are basketball expenses for the Valley in 2011.

WSU spent 3.8 mil which is 2nd in Valley to CU at 4.8 mil. Just remember though CU rents their arena (not knocking it) and that is surely to add a big number to expenses. So really I bet they are very similar in Basketball expenses.

http://www.bbstate.com/info/schools-...udget&c=VALLEY

Again, looking at a few others, why am I not buying that Xavier's Mens Basketball Expense was just $1.6+ mill, second to last in the A-10.

[ShockTalk]

Among non-BCS schools, the top 14 Mens Basketball Expenses in 2010 ranging from:

$5,344,461 Gonzaga
$4,926,689 BYU
$4,771,088 Creighton
$4,341,175 TCU
$4,088,024 Tulsa
$4,056,940 Richmond
$3,825,760 New Mexico
$3,810,320 Dayton
$3,806,508 UNLV
$3,798,648 WSU
$3,678,909 Rice
$3,638,042 SDSU
$3,600,201 UTEP
$3,541,122 Butler

[_kai_]

Really interesting looking at WSU's numbers and other schools. I know numbers can be pushed around a little and that enrollment of a school/rights & licensing can have a big impact on budgets.

WSU received about $3 mill from student fees and $3.5 mill from R&L. Total revenue of $21.1 mill, total expenses of $19.9, and showed a "profit" of $1.2 mill.

VCU received about $15.5 mill from student fees and almost $1.9 mill from R&L. Total revenue of almost $20 mill, total expenses of $21.5 mill, and net "loss" of $1.5 mill.

The difference in ticket sales WSU $4.1 mill, VCU less than $0.8 mill.

I remember reading an article that 2 years ago VCU student body voted to increase student fees so they could increase Smart's salary. 15.5 mil is crazy though. There will be some very angry students if Smart leaves, and their program dips down. That's a lot of money coming out of the student's pockets.