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12-28-2004, 08:25 AM
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tOSU's Athletic Department and Budget
I didn't know where to post this, hopefully it hasn't been linked already. It is an interesting read though.
enquirer article Please move this thread if neccessary or delete it if its redundant.          
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12-28-2004, 02:45 PM
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well alright...oSU b-ball is in the black! who woulda thunkit?
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08-18-2006, 07:43 AM
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Link
Financial ledger tells all: OSU No. 1 Friday, August 18, 2006 Barnet D . Wolf THE COLUMBUS DISPATCH <!--PHOTOS--> It was only a matter of time before one of the nation’s big universities passed the $100 million mark in annual revenue for its intercollegiate sports program. The Ohio State University athletics department pulled in $101.5 million in proceeds during the 2005-2006 fiscal year that ended June 30, according to documents requested by The Dispatch. Propelled by strong results from Buckeye football, the overall sports program also chalked up a $2.9 million surplus last season after expenses and other payments. Despite several off-the-field financial hits related to NCAA penalties and a lawsuit by fired basketball coach Jim O’Brien, the fiscal results were significantly better than 2004-05, when the department lost $920,000 on $88.8 million in revenue. Passing the $100 million mark "is a fairly significant benchmark for intercollegiate athletics," said Dennis Howard, a professor in the University of Oregon’s Warsaw Sports Marketing Center. It points to the continued growth of college sports programs at a time when some universities are facing a financial crunch. OSU might be the first to reach $100 million in revenue, but Howard said "there are others that are close behind," including the University of Texas, which trailed OSU in revenue by only $50,000 during the 2004-2005 season. Fiscal results for the Longhorns’ most-recent season won’t be completed until the end of this month, but an official of the Austin school said its revenue should total about $94 million. OSU Athletics Director Gene Smith said reaching $100 million in revenue is "a great milestone" for the program, and he projected future annual revenue growth of 5 percent to 6 percent. The sports program receives no university funding and contributes millions to the Ohio State general fund. The growth of college sports budgets worries some observers, including the Knight Commission, which was formed in 1989 to look at ways to reform college sports. "The concern is that there are some schools, and Ohio State may be one of them, that can continue to raise more money for their sports programs without any problem, and that will create an uneven playing field," said Welch Suggs, a spokesman for the commission, which is comprised mainly of university presidents and administrators. But Smith said the growth of OSU’s athletics budget is a "sign of the times" regarding college sports’ role in society. He pointed out that OSU’s 36 sports provided scholarships for about 900 athletes, more than any other institution. The athletics department transferred $11.3 million to the university last season to cover the cost of those scholarships and contributed another $3 million to the general fund. At the same time, OSU’s fundraising efforts get a boost from the sports program. For instance, people who donate at least $2,500 to the university or any of its schools have the opportunity to purchase two season football tickets. Nearly the entire $2.9 million surplus was placed into an account that will help fund construction of a women’s softball stadium, a women’s crew boathouse and an indoor tennis facility. The major reason for Ohio State’s stronger financial performance last season was because it had seven home football games in 2005 compared with six in 2004. Ticket prices also rose $1, to $58 each. The football program brought in $35.9 million and had a surplus of $27.3 million. That revenue does not include $5.3 million from the football team’s appearance in the 2005 Fiesta Bowl and its share of Big Ten schools’ bowl revenue. The bowl money is included in the $101.5 million. Ohio Stadium club-seat and suite fees, scoreboard sponsorship and ticket surcharges accounted for $14.7 million. Football and men’s basketball, which had an $8.9 million surplus on $11.7 million in revenue, were the only sports at OSU that made money. That profit helped pay for other sports. Although revenue from the men’s basketball program was at a near-record level, it would have been higher if not for a $67,000 reduction in the school’s NCAA Tournament receipts. That cut went to cover this year’s portion of money Ohio State is required to return to the NCAA as a penalty for rules violations during the O’Brien years. The athletics department also is on the hook for a $2.25 million payment to O’Brien. That’s what the Ohio Court of Claims ruled the university owes the former coach for breaching his contract. An appeal is possible. The O’Brien case and the NCAA investigation have resulted in more than $1 million in legal fees over the past year. At the same time that overall revenue for the sports program grew 14.3 percent last season, expenses grew 9.8 percent. The biggest spending increase was in operating costs, which jumped 12.4 percent because of the extra home football game and a spike in utility and energy costs. Athletics department salaries and benefits rose 5.8 percent, to $29.7 million. The athletics department’s annual debt service for new and renovated facilities rose to $20 million last year with the additional payments of $1.6 million for the McCorkle Aquatics Center and $513,000 for the Scarlet Golf Course renovation. bwolf@dispatch.com
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08-18-2006, 10:08 AM
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Is he still there? I remember him my freshman year '90! HAYN
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08-18-2006, 10:21 AM
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I have no idea how revenue patterns work, but I'd wonder if this year's earnings could be even greater. OSU football has the potential to be more successful this year, and the basketball program is about to explode. Now if rugby would hold up their end of the bargain
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08-18-2006, 10:41 AM
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You only have to donate 2500 to get the option to buy 2 season football tickets?? Who do I contact to make my donation?? Also is this 2500 per year?
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08-18-2006, 12:34 PM
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08-18-2006, 01:01 PM
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"Ain't no reason for a buckeye to be freezin', help is on the way!"
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08-18-2006, 01:09 PM
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08-18-2006, 01:14 PM
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08-18-2006, 01:44 PM
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Holy hell that girl is skinny, do you think that's supposed to represent the "slim" profits that all sports are making or what (with Hawk being large profits and Foster being in the middle)? That's on the verge of gross.
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08-18-2006, 04:34 PM
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This is an excellent way to support my argument to NOT pay the college athletes. If Ohio State, an ass-whomping college athletics program, compared to Akron or Ohio University, can only make $3 million, what are Akron's or Ohio's numbers going to be? If they're already in the red, would they be expected to also pay their college athletes? Where would that money come from? If colleges are allowed to pay their athletes, I think many would drop out of Div I-A to Div I-AA or maybe even to Div II.
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08-18-2006, 05:09 PM
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10-19-2007, 12:16 PM
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