Pandemic and budget strain: Will any schools drop hockey?

[The Zlax45]

Re: Pandemic and budget strain: Will any schools drop hockey?

OK, but then what did ASU spend the $6.3 million they reported as Sports Equipment, Uniforms, and Supplies expenses for the 2017-18 season? Also, ASU reported a nearly $2.7 million loss on football ($52.8 million total expenses) for 2017-18.

Sean

A vast majority of Power 5 programs are PAID or at least get their uniforms/shoes/etc for free. UNC Basketball coach Roy Williams gets a 250,000 a year for the Tar Heels to wear Nike. https://www.newsobserver.com/article223344355.html

Here is a breakdown of UNC's Nike contract. Got to think Arizona State has a similar deal right? https://goheels.com/news/2018/12/19/...ough-2023.aspx

[Sol Diablo]

OK, but then what did ASU spend the $6.3 million they reported as Sports Equipment, Uniforms, and Supplies expenses for the 2017-18 season? Also, ASU reported a nearly $2.7 million loss on football ($52.8 million total expenses) for 2017-18.

Sean

As I understand the contracts they got the uniforms and other equipment as the branding deal with Adidas. So money may have been exchanged as an expense and then as a revenue line. The cost being higher than revenue by about $2.5MM out of $100MM is what I call break even.

[Sol Diablo]

A vast majority of Power 5 programs are PAID or at least get their uniforms/shoes/etc for free. UNC Basketball coach Roy Williams gets a 250,000 a year for the Tar Heels to wear Nike. https://www.newsobserver.com/article223344355.html

Here is a breakdown of UNC's Nike contract. Got to think Arizona State has a similar deal right? https://goheels.com/news/2018/12/19/...ough-2023.aspx

Pretty similar deals. & of course there are tax related line items & real business analyses line items. That's why enterprises keep 2,3,4.... sets of books

[Split-N]

Re: Pandemic and budget strain: Will any schools drop hockey?

ASU gets uniforms & gear for free. Roughly break even on revenue vs expenses for football. But it is a crazy amount of money!

Free uniforms and equipment plus coach/athlete endorsements are the primary reasons why sneakers and other apparel are so ridiculously expensive and marketed as "gotta have" that young kids will literally kill for them.

OK, but then what did ASU spend the $6.3 million they reported as Sports Equipment, Uniforms, and Supplies expenses for the 2017-18 season? Also, ASU reported a nearly $2.7 million loss on football ($52.8 million total expenses) for 2017-18...

Once upon a time, coaches like Woody Hayes, Bo Schembechler, and others of that ilk would point with pride to the academic buildings, libraries, labs, and dorms that football built. No more. In all but a few cases, P5 football money goes right back into the football program in the form of platinum plated, diamond encrusted facilities open only to football players, bloated coaching staffs, and obscene coaches salaries. And then, as with ASU, most of them take money from the college general funds to cover operating deficits.

Reality: P5 is corrupt to its core and nobody seems to care.

[Sol Diablo]

Free uniforms and equipment plus coach/athlete endorsements are the primary reasons why sneakers and other apparel are so ridiculously expensive and marketed as "gotta have" that young kids will literally kill for them.

Cost is independent of pricing. I can buy Colessium brand ASU products cheaper than Adidas.

Once upon a time, coaches like Woody Hayes, Bo Schembechler, and others of that ilk would point with pride to the academic buildings, libraries, labs, and dorms that football built. No more. In all but a few cases, P5 football money goes right back into the football program in the form of platinum plated, diamond encrusted facilities open only to football players, bloated coaching staffs, and obscene coaches salaries. And then, as with ASU, most of them take money from the college general funds to cover operating deficits.


Reality: P5 is corrupt to its core and nobody seems to care.

Cost is independent of pricing. I can buy Colessium brand ASU products cheaper than Adidas.
Yes, much football revenue is consumed by football but also subsidizes "minor" sports.

So how do you really feel?

[Split-N]

Re: Pandemic and budget strain: Will any schools drop hockey?

So how do you really feel?

Maybe I didn't make myself clear:

1) Sneaker/apparel makers have much social damage to answer for.
2) The P5, with rare exceptions, is corrupt to its core.

[DavidNardolillo]

Re: Pandemic and budget strain: Will any schools drop hockey?

OK, but then what did ASU spend the $6.3 million they reported as Sports Equipment, Uniforms, and Supplies expenses for the 2017-18 season?

I could see the uniforms being free, as in the shirt and pants, but other things that fit in this category having to be paid for by the school (helmets and helmet decals/wraps, shoulder pads, etc) This category also probably includes weight room and training equipment and blocking sleds, etc. I also wonder whether the purchase price of fan merchandise is in this figure, with the revenue it generates captured on the other side, or whether that would appear elsewhere in the athletic department or school administration budgets.

[Sol Diablo]

Maybe I didn't make myself clear:

1) Sneaker/apparel makers have much social damage to answer for.
2) The P5, with rare exceptions, is corrupt to its core.

Can't say I'm following you on sports apparel causing social damage.
Since corruption is typically another word for bribery, & since there are only a few cases of that, I respectfully disagree concerning massive corruption at P5 schools.

[Leather Lungs]

...

[Split-N]

Re: Pandemic and budget strain: Will any schools drop hockey?

...ASU reported a nearly $2.7 million loss on football ($52.8 million total expenses) for 2017-18..

...football but also subsidizes "minor" sports...

How does ASU football subsidize anything if it loses almost $3 million? In the bigger picture, why aren't P5 powerhouses (most of them, anyway) that generate tens--even hundreds--of millions on football not put money into their institutions' general funds instead of taking money from them to cover operating deficits?

Can't say I'm following you on sports apparel causing social damage.
Since corruption is typically another word for bribery, & since there are only a few cases of that, I respectfully disagree concerning massive corruption at P5 schools.

Wow! So where to start? Maybe with executives from the big time shoe companies tripping over each other paying out under the table "incentives" in their unending quest to "broker" athletes to various P5 institutions. Or maybe the pending Federal investigations into same. Need more?

https://consortiumnews.com/2017/12/0...ege-athletics/

And as for social damage: https://www.mtv.com/news/2547224/sne...ulture-deaths/

Finally, corruption goes well beyond bribery. Let's just leave it at that.

[Sean Pickett]

Re: Pandemic and budget strain: Will any schools drop hockey?

I don't know about UConn, but UMass football is profitable. Losing can pay handsomely.

UMass NCAA financials profit/loss for football:
2010 - $ -3.59 million
2011 - $ -3.74 million
2012 - $ -4.79 million
2013 - $ -5.38 million
2014 - $ -5.37 million
2015 - $ -5.32 million
2016 - $ -5.69 million
2017 - $ -6.65 million
2018 - $ -6.89 million

That doesn't look very profitable to me.

Sean

[Sean Pickett]

Re: Pandemic and budget strain: Will any schools drop hockey?

How does ASU football subsidize anything if it loses almost $3 million? In the bigger picture, why aren't P5 powerhouses (most of them, anyway) that generate tens--even hundreds--of millions on football putting money into their institutions' general funds instead of taking money from them to cover operating deficits?.

To be fair ASU did report football profits of $16.29 million in 2016 and $11.64 million in 2017, which is why I have an averaged sheet for my hockey financials. A single year gives a snapshot in time, but you need to look at multiple years to get a clearer picture. Mind you, that profit still comes nowhere close to covering ASU's non-football expenses of $62 million in 2016 or their non-football expenses of $67.1 million in 2017 (nor their non-football expenses of $74 million in 2018). Even OSU, which reported $64.6 million in football profits for 2018, doesn't cover 50% of their $157.7 million non-football expenses.

Sean

[DavidNardolillo]

Re: Pandemic and budget strain: Will any schools drop hockey?

UMass NCAA financials profit/loss for football:
2010 - $ -3.59 million
2011 - $ -3.74 million
2012 - $ -4.79 million
2013 - $ -5.38 million
2014 - $ -5.37 million
2015 - $ -5.32 million
2016 - $ -5.69 million
2017 - $ -6.65 million
2018 - $ -6.89 million

That doesn't look very profitable to me.

Sean

The poor return on investment for UMass moving to I-A in football has been well-documented: https://commonwealthmagazine.org/edu...or-big-losses/

Chasing big-time college football money from the lower divisions was always a dangerous game, even more so in the Northeast.

[JohnsonsJerseys]

Re: Pandemic and budget strain: Will any schools drop hockey?

UMass NCAA financials profit/loss for football:
That doesn't look very profitable to me.
Sean

As a sales manager once said: "Yes, we're losing a little on each sale, but we'll make up those loses with more volume..."

The number is getting bigger each year and as we all know: "Bigger is Better."

[Split-N]

Re: Pandemic and budget strain: Will any schools drop hockey?

To be fair ASU did report football profits of $16.29 million in 2016 and $11.64 million in 2017, which is why I have an averaged sheet for my hockey financials. A single year gives a snapshot in time, but you need to look at multiple years to get a clearer picture. Mind you, that profit still comes nowhere close to covering ASU's non-football expenses of $62 million in 2016 or their non-football expenses of $67.1 million in 2017 (nor their non-football expenses of $74 million in 2018). Even OSU, which reported $64.6 million in football profits for 2018, doesn't cover 50% of their $157.7 million non-football expenses.

Sean

Thanks as usual for crunching the numbers. Would appreciate if you could shed some light on what those seemingly massive "non-football expenses" might include.