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University Athletic Departments Revenue & Spending

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ScriptOhio said:
Texas A&M got $93M in donations......
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And yet, Ohio State took in over $500M in overall donations (top 3 among publics) while aggy doesn't even register among the top publics in the country. I think that pretty much sums up the difference between the two universities.

And we're still better at the foosball. So stuff that in your jizz jars.
 
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COLLEGE FOOTBALL IS THRIVING IN THE POWER FIVE, BUT ELSEWHERE IT IS ON LIFE SUPPORT PAID BY STUDENTS

College football is in trouble.

So sayeth professional take-haver Danny Kanell! And he's correct, but it's the kind of ass-backwards correct that people stumble into accidentally after losing their glasses in the dark, Velma-style.

I'll get to that in a second, but a quick note about Danny Kanell: for every occasional rational, well thought-out opinion that he whispers into the ether, he has about fifty nonsensical thoughts that probably never should've been expressed in public.

Like, yeah; the SEC should be ripped when it has largely bad offenses that are boring and dumb, which is a lot of the time. But what's this? The health issues of concussions in football are a conspiracy perpetuated by the media? Players don't deserve to be compensated? Ohio State would be happy to win nine games in 2018?UCLA is a dormant College Football Playoff powerhouse? These are the takes of a man throwing undercooked CBS college football spaghetti at the wall and seeing what sticks, and most of it does not.

But! Though Kanell is very often not a whole lot more than a bad takes factory in a turtleneck, the former Florida State quarterback has at least one extremely redeeming feature as a sports broadcaster, which is that he unabashedly rips on the SEC whenever he gets a chance (he's said he tries "to be the voice for the other conferences," which, uhhhh thanks?).

This is great for two reasons. First, he's employed by CBS, one of the primary broadcasters of SEC games. There is nothing quite as thrilling as watching someone deliberately bite the hand that feeds them. It rules. Secondly, sometimes it leads Kanell into a logical alleyway that doesn't just dump him out into a sewer.



Even if Danny's inspiration behind the meat of this tweet (that the college football schedule should be truncated and teams should be forced to play better teams) wasn't animus towards the SEC, well hell, it's my inspiration behind agreeing with him wholeheartedly.

When Kanell says that "college football is in trouble," that's a relative measure. It's still a wildly popular and profitable sport for a lot of colleges. The Big Ten and the SEC are bringing in billions in revenue, mostly through TV contracts built on football. The "trouble" exists on the margins, and in Columbus we tend to only see this when the likes of Florida A&M come to town to take their beating and collect their million bucks or so in front of announced crowds of around 98k and actual crowds of something more like 80k.

Entire article: https://www.elevenwarriors.com/coll...ewhere-it-is-on-life-support-paid-by-students
 
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Among the measures to reduce the budget, Ohio State will take the following measures related to personnel in the athletic department:
  • 48 members of the athletic training staff and strength and conditioning staff will have a 5-day intermittent furlough, to be completed between Oct. 6 and June 30, 2021;
  • 213 staff members are assigned to a 10-day intermittent furlough, to be completed between Oct. 6 and June 30, 2021;
  • 84 staff members will go on a 60-day, continuous furlough or redeployment from Oct. 9 through Dec. 31;
  • 47 contracted staff members will be asked to take a voluntary, 5 percent salary reduction between Oct. 1 and June 30, 2021; and
  • A permanent reduction in force will eliminate 25 full-time athletics positions.


Smith: There are no thoughts of dropping any of Ohio State's 36 sports. "That's not a major conversation." They want the student-athletes to keep their experiences and be allowed to continue being athletes at Ohio State. When you see them perform and graduate and then stay in Columbus, there are lessons learned in those sports. Many student-athletes are paying their own way already.

Smith: Ohio State will not cover the athletic department's deficit. They are self-supporting and will continue to be self-supporting. They are now working on a long-term debt recovery plan. There will be a loan that gets paid back over time. It might be an internal loan. He'll battle to make sure it's an interest-free loan. When he was at Eastern Michigan, when the athletic department had debts, the university covered it. That's not how it works at OSU. "It will be an internal loan and it could have interest."

Smith: For contract employees, you can't mandate somebody to take a pay reduction. You have to abide by the contractual agreement legally. "We wanted everyone in the department to be the same. We felt comfortable with that and so does our team."
 
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This was previously reported.....



Ryan Day, Chris Holtmann taking voluntary paycuts
Ohio State is one of the biggest athletic departments in America. But even the Buckeyes athletic department is suffering from a loss created by COVID-19. Ohio State is facing a $107 million deficit with the loss of fan attendance and other factors. So the athletic department is enacting cost-saving measures. Furloughs, budget cuts and even reduced salaries have all been enacted to save money and cut costs.

Ohio State basketball coach Chris Holtmann and football coach Ryan Day will take a 5 percent salary reduction between Oct. 1 and June 30, 2021.
 
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Just how much revenue Ohio State will bring in from its fall season remains uncertain, as the Big Ten is still negotiating with its television partners to determine just how much the media rights to the fall season will be worth. Ohio State already knows it will lose a sizable chunk of its typical football season revenue since it will not be hosting fans at Ohio Stadium this fall, but its deficit for the 2021 fiscal year will ultimately be less than the current projection of $107 million, since that projection does not include TV revenue.

Smith doesn’t know right now what the revised television contracts will look like; even though the Big Ten listed him as a member of the television subcommittee on its Return to Competition Task Force, he said Wednesday that he is not actually on that committee. But he knows they could be subject to change even once the season begins due to the reality that games could be canceled due to the ongoing COVID-19 pandemic.

“Hopefully we can play all the way through but if we don’t, then that number changes again,” Smith said.

Currently, Ohio State is counting on $73 million in revenue for the 2020-21 academic year, including $28.6 million in development, $13.4 million in NCAA and Big Ten basketball tournament and bowl game distribution, $5.8 million from its IMG/Learfield partnership, $4.6 million in endowment and investment income, $4.6 million from the Ohio State University Golf Course, $2 million in trademark and licensing, $1.7 million in camps and clinics and $1.1 million from a limited home men’s basketball season.

Smith admitted Wednesday, though, that all of those projections are just “guesstimates” as of now. With so much still up in the air because of the pandemic – including what basketball season will look like and spring seasons for Ohio State’s other fall sports will look like – all of those numbers are subject to change, though Smith hopes more clarity will come in the next few weeks.

“You have the numbers, but I’m gonna just be quite frank with all of you: They mean nothing at this point in time relative to accuracy,” Smith said.
 
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Per Ohio State's 2020 financial report to the NCAA, which was released by the university on Thursday, the athletic department generated $233,871,740 in revenue for FY20, which ran from July 1, 2019 to June 30, 2020. That's an 11% increase from FY19, when Ohio State brought in $210,548,239 in revenues.

Ohio State's expenses for the 2020 fiscal year, meanwhile, dropped to $215,209,566, a 2.4% decrease from FY19 ($220,572,956). Altogether, the Ohio State athletic department finished FY20 in the black by $18,662,174.
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Ohio State athletic director Gene Smith acknowledged in the university's release that the pandemic will have a much greater impact on Ohio State's revenues for FY21. Per a university release in September, the Ohio State athletic department is projecting a $107 million loss in revenue for the 2021 fiscal year.
 
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BigWoof31 said:
Cut stupid olympic sports and soccer. Problem solved.
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1. Ohio State considers athletics an academic class and part of these student's education. Needless to say, lessons learned competing in athletics can be applied to many things later in life. PE credit is given to the participants in sports at Ohio State.

2. We're not Stanford (or Georgia for that matter).


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BigWoof31 said:
Cut stupid olympic sports and soccer. Problem solved.
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We're not SEC! (or Tejas) I like the fact that we have 35 Division 1 sports, all with the maximum allowed number of scholarships. Trim it perhaps, but I have no desire to take the SEC! route and gut it down to the bare minimum so all money can be funneled into the foosball.
 
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ORD_Buckeye said:
And yet, Ohio State took in over $500M in overall donations (top 3 among publics) while aggy doesn't even register among the top publics in the country. I think that pretty much sums up the difference between the two universities.

And we're still better at the foosball. So stuff that in your jizz jars.
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1982: At a time when Ohio State was having difficulty replacing Fred Taylor because Woody wouldn't accept a salary higher than the scale for a full professor with the same years of service, aTm was shelling out over 1.6M over six years for Jackie Sherrill. That was way beyond Hayes salary and far beyond what other top 25 schools were paying. He went 5 -2 against Texas, won three SWC championships, and two out three Cotton Bowl games, losing the last game to Ohio State. "In 1988, Sherrill's Aggies were put under probation by the NCAA for a period of two years. Violations included improper employment, extra benefits, unethical conduct and lack of institutional control.[7][8] Sherrill was not personally found guilty of any infractions. However, in December 1988, Sherrill resigned." Two years later he signed a contract to coach again at Mississippi State.
 
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