Most Efficient MVC Basketball Coach

[SB Shock]

http://money.cnn.com/2010/03/18/news/companies/basketball_profits/index.htm

hat tip to DaShox for the link

Top Revenue
1. CU 4,825,616
2. WSU 4,139,169
3. MSU 3,745,378
4. BU 2,994,774
5. Drake 2,044,433
6. UE 1,978,179
7. UNI 1,901,814
8. SIU 1,805,378
9. ISU (R) 1,525,638
10. ISU (B) 713,768

Least Expenses
1. ISU (B) 1,248,174 ***** MVC #5 *****
2. UNI 1,511,228 ************ MVC #1, NCAA Sweet 16 ************
3. ISU (R) 1,718,793 *******MVC #3 ********
4. MSU 1,837,352 *** MVC #7 ***
5. UE 1,978,179 * MVC #10 *
6. Drake 2,126,455 *** MVC #8 ***
7. SIU 2,230,041 ** MVC #9 **
8. BU 2,970,067 **** MVC #6 ****
9. WSU 3,187,098 ********* MVC #2 *********
10. CU 4,036,610 ****** MVC #4 *******

[SB Shock]

Evidently throwing money at the basketball and the coaches is not the recipe for success in the MVC.

[Kung Wu]

Awesome link. What the hell is Louisville doing to have revenues of 25MM? How are they raising that type of revenue?

[The Mad Hatter]

Awesome link. What the hell is Louisville doing to have revenues of 25MM? How are they raising that type of revenue?

I addressed this in another thread, but it has everything to do with accounting.

Most schools count most of their scholarship organization donations as non program specific, so the donation revenue for individual sports is small, but the donation revenue for the athletic department is large.

Louisville counts a way, way larger percentage of donations specifically towards basketball, so that it counts towards basketball revenue. They aren't actually getting more donations that comparable schools, but most schools don't count those donations towards basketball revenue.

[shox1989]

The most surprising thing from these numbers to me is how low the revenue is for Illinois St and SIU.

I assume they have more students attending their games than most of the other Valley schools so that may be what is keeping their revenue numbers down.

[shockball]

excerpt from the article
"The comparison between basketball revenues and profits is interesting, but not precise. That's because schools have latitude in their filings with the Department of Education in whether they attribute some expenses and revenues to a specific sport or a more general classification for their entire athletic department."

In the information required by Equity in Athletics CU used to have expenses exactly equal to the revenues. Even the gross revenues can't be counted on as being correct.

[Kung Wu]

Awesome link. What the hell is Louisville doing to have revenues of 25MM? How are they raising that type of revenue?

I addressed this in another thread, but it has everything to do with accounting.

Most schools count most of their scholarship organization donations as non program specific, so the donation revenue for individual sports is small, but the donation revenue for the athletic department is large.

Louisville counts a way, way larger percentage of donations specifically towards basketball, so that it counts towards basketball revenue. They aren't actually getting more donations that comparable schools, but most schools don't count those donations towards basketball revenue.

Interesting. I just did a quick sanity check. Louisville would have to average just under $70 for every single seat at every single home game to make 25MM. That's not as unrealistic as I first would have thought.

That does mean that they have a seriously steeply tiered season ticket rate, or even the nose bleeds are paying over $1000/seat for season tickets.

[Kung Wu]

Well this has something to do with their monster revenue stream. Want priority seats at Louisville?

* Priority I: 4 Seats: $1,600 Annually + Minimum Gift of $150,000 (payable over 5 years); 2 Seats: $1,600 Annually + Minimum Gift of $100,000 (payable over 5 years)
** Priority II: $900 Annually + Minimum Gift of $25,000 (payable over 5 years)

[The Mad Hatter]

Awesome link. What the hell is Louisville doing to have revenues of 25MM? How are they raising that type of revenue?

I addressed this in another thread, but it has everything to do with accounting.

Most schools count most of their scholarship organization donations as non program specific, so the donation revenue for individual sports is small, but the donation revenue for the athletic department is large.

Louisville counts a way, way larger percentage of donations specifically towards basketball, so that it counts towards basketball revenue. They aren't actually getting more donations that comparable schools, but most schools don't count those donations towards basketball revenue.

Interesting. I just did a quick sanity check. Louisville would have to average just under $70 for every single seat at every single home game to make 25MM. That's not as unrealistic as I first would have thought.

That does mean that they have a seriously steeply tiered season ticket rate, or even the nose bleeds are paying over $1000/seat for season tickets.

In case you are interested, here is what I said in an earlier post:

The problem with these kind of number is that there is huge variance in accounting practices.

The biggest issue is how contributions are counted. Take a comparison of Louisville and KU from 2005.

First Louisville

They list men's basketball contributions as being $8,719,951
They list non-program specific contributions as being $94,561

All told, Louisville's total contributions are $11,507,810

Next KU

They list men's basketball contributions as being $166,814
They list non-program specific contributions as being $16,393,774

All told, KU's total contributions are $18,500,207

Louisville didn't make more money than KU, they just did the accounting differently. In fact, KU made $7.5 million more as an athletic department than Louisville did, even though on paper Louisville made $6 million more on basketball than KU.

[Kung Wu]

Awesome link. What the hell is Louisville doing to have revenues of 25MM? How are they raising that type of revenue?

I addressed this in another thread, but it has everything to do with accounting.

Most schools count most of their scholarship organization donations as non program specific, so the donation revenue for individual sports is small, but the donation revenue for the athletic department is large.

Louisville counts a way, way larger percentage of donations specifically towards basketball, so that it counts towards basketball revenue. They aren't actually getting more donations that comparable schools, but most schools don't count those donations towards basketball revenue.

Interesting. I just did a quick sanity check. Louisville would have to average just under $70 for every single seat at every single home game to make 25MM. That's not as unrealistic as I first would have thought.

That does mean that they have a seriously steeply tiered season ticket rate, or even the nose bleeds are paying over $1000/seat for season tickets.

In case you are interested, here is what I said in an earlier post:

The problem with these kind of number is that there is huge variance in accounting practices.

The biggest issue is how contributions are counted. Take a comparison of Louisville and KU from 2005.

First Louisville

They list men's basketball contributions as being $8,719,951
They list non-program specific contributions as being $94,561

All told, Louisville's total contributions are $11,507,810

Next KU

They list men's basketball contributions as being $166,814
They list non-program specific contributions as being $16,393,774

All told, KU's total contributions are $18,500,207

Louisville didn't make more money than KU, they just did the accounting differently. In fact, KU made $7.5 million more as an athletic department than Louisville did, even though on paper Louisville made $6 million more on basketball than KU.

Yes I am interested in learning the business side of the game, thanks for sharing that post. It's a bit annoying that there isn't a consistent reporting method required across the board.

[jdmee]

According to the numbers listed

Most PROFIT (revenue - expenses)

1. MSU 1,908,026
2. WSU 952,071
3. CU 789,006
4. UNI 390,586
5. BU 24,707
6. UE 0
7. DU -82,022
8. ISU(R) -201,555
9. SIU -424,663
10. ISU(B) -534,406

[Steeleshocker]

That's exactly what I was thinking, jdmee.

Margins are much higher for WSU than most of the Valley. But I was surprised at how well MSU is doing financially. Really? We'll see how they are doing in a few years when they have to increase Cuonzo's salary to keep the big boys at bay.

[im4wsu]

Look at WSU revenue $4,140,000

Avg ticket price $20
Tickets per game 10,000
Games per season 17
Total Gross $3,400,000

The other $740,000 is probably advertising, concession, MVC distributions.

This does not include the donations to SASO that are required to obtain the tickets. The Charter Guardian donation is $140 per game in my case, or $35 per ticket.

[RoyalShock]

MSU's profit may largely be due to the fact they don't pay their men's coaches very well. They have a local Title IX activist who has been thorn in their side for the past decade plus.