Tip of the Iceberg

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donovan
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Tip of the Iceberg

Postby donovan » Sat Jan 19, 2019 9:39 pm

I think this is not atypical. Accounting nowadays is not a science so you see all kinds of creative numbers. In UConn's case, this seems to be real. Of note is the sports that lost money. Save a few programs, college sports have become the second largest Ponzi scheme. (The first and by far and away the largest is the United States Government.)

"In an NCAA financial statement released Thursday, UConn reported that total generated revenue from sports last year totaled $40.4 million, while expenses came in at $80.9 million.

Football lost $8.7 million, men's basketball $5 million and women's basketball, a perennial power, had expenses that outpaced revenues by more than $3 million.

The school, with most of its athletic programs in the American Athletic Conference, struggles to compete fiscally with similar programs in the higher revenue-generating Power 5 conferences -- the ACC, Big Ten, Big 12, Pac-12 and SEC."

http://www.espn.com/mens-college-basketball/story/_/id/25802369/uconn-huskies-athletic-director-rule-cutting-some-sports
"No, no!" said the Queen. "Sentence first–verdict afterward."
"Stuff and nonsense!" said Alice "The idea of having the sentence first!"
"Hold your tongue!" said the Queen, turning purple.
"I won't!" said Alice.
"Off with her head!" the Queen shouted at the top of her voice."

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Re: Tip of the Iceberg

Postby billybud » Sat Jan 19, 2019 9:58 pm

UConn has been hemoraging attempting to look like a P5 without the income....same with Houston.
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Re: Tip of the Iceberg

Postby highfly24 » Sun Jan 20, 2019 10:11 am

You can't have a conference spanning across half the country and not get the big media deals to counter the growing expenses. Both UCONN and Houston are inexplicably in the same AAC. Lets not forget that baseball and soccer are making these same journeys playing in front of about 50 people. Get back to some sense of regional confinements and the rivalry will bring the fans and the money.

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donovan
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Re: Tip of the Iceberg

Postby donovan » Sun Jan 20, 2019 1:26 pm

highfly24 wrote:You can't have a conference spanning across half the country and not get the big media deals to counter the growing expenses. Both UCONN and Houston are inexplicably in the same AAC. Lets not forget that baseball and soccer are making these same journeys playing in front of about 50 people. Get back to some sense of regional confinements and the rivalry will bring the fans and the money.


Amen
"No, no!" said the Queen. "Sentence first–verdict afterward."
"Stuff and nonsense!" said Alice "The idea of having the sentence first!"
"Hold your tongue!" said the Queen, turning purple.
"I won't!" said Alice.
"Off with her head!" the Queen shouted at the top of her voice."

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Re: Tip of the Iceberg

Postby Mountainman » Sun Jan 20, 2019 2:34 pm

......you mean like from Arizona to Washington(PAC 12) and Texas to West Virginia(BIG XII) and Nebraska to Maryland(BIG10), South Carolina to Texas(SEC), and Florida to Massachusetts(ACC)???

You really think the TV guys would put-up with that or even allow it to happen??? :wink:
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donovan
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Re: Tip of the Iceberg

Postby donovan » Sun Jan 20, 2019 4:18 pm

Mountainman wrote:......you mean like from Arizona to Washington(PAC 12) and Texas to West Virginia(BIG XII) and Nebraska to Maryland(BIG10), South Carolina to Texas(SEC), and Florida to Massachusetts(ACC)???

You really think the TV guys would put-up with that or even allow it to happen??? :wink:


Of course not, but who is in charge of NCAA Athletics, The University Presidents, and Boards of Regents or Walt Disney? Follow the money and it will lead you to where you are right now and when that is bankrupt and gone they will be on to cockfighting or Lions and all comers.

A kid graduates from college and is hundreds of thousand dollars in debt and taxpayers are subsidizing college athletics. If that is the world we want...continue the march.
"No, no!" said the Queen. "Sentence first–verdict afterward."
"Stuff and nonsense!" said Alice "The idea of having the sentence first!"
"Hold your tongue!" said the Queen, turning purple.
"I won't!" said Alice.
"Off with her head!" the Queen shouted at the top of her voice."

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Re: Tip of the Iceberg

Postby Spence » Sun Jan 20, 2019 9:38 pm

The problem is the people who are in charge of the university system as a whole aren't accountable and so they aren't physically responsible. If they need more money they raise tuition. Our government has made a college diploma a requirement to have a job in this country so they need cash, they raise tuition. Whether or not they do the most with the money they receive isn't important. They people they are accountable to - the board of regents - are just as bad as the president. They work within a system that awards more cash to institutions who spend all of their money and punishes institutions who don't spend all they receive.
"History doesn't always repeat itself but it often rhymes." - Mark Twain


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