Show me the money - Utah Athletic Funding

[UTEopia]

I am sure that most of you received the same e-mail I did with the Athletic Department budget for 2015. First, I am pleasantly surprised that this information was shared. Second, it does generate some questions. It looks like the monies received from the Pac 12 affiliation will total about $26 million. I cannot remember, but is this a 100% share and is it what was anticipated? Second, I am surprised that student fees are so significant. Students receive free admission to athletic events for the fees they pay, but the number of seats they receive at football and men's basketball are significantly fewer than the percentage of contribution when compared to the total paid for tickets and Crimson Club. By my calculations, they provide almost 25% of the revenue but receive significantly fewer seats. Third, I am happy to see that they are funding a reserve and I guess in doing so the Athletic Department operates in the black. Thoughts?




Consolidated Budget Fiscal Year 2015

Revenues
Total
% of Total


Football Tickets
$8,800,000
14.25%


Men's Basketball Tickets
$1,850,000
2.99%


Gymnastics Tickets
$375,000
0.61%


Other Sports Tickets
$54,000
0.09%


Direct University Funding
$1,766,989
2.86%


Crimson Club Athletic Fund
$7,540,000
12.21%


Facility Gifts
$2,500,000
4.05%


Utah Sports Properties / Sponsors
$2,679,824
4.34%


National TV
$18,084,500
29.28%


Pac-12 Network
$1,000,00
1.62%


Pac-12/NCAA
$6,865,958
11.12%


Student Fees
$6,100,140
9.88%


Suites
$700,000
1.13%


Cafeteria Sales/Concessions share
$1,006,000
1.63%


Merchandise/Licensing share
$632,823
0.94%


Game Guarantees
$632,823
0.94%


Other Revenue
$692,000
1.12%


TOTAL:
$ 61,771,234
100.00%





Expenses
Total
% of Total


Sports Operating Budgets (Includes travel, recruiting, equipment & compensation)
$21,647,865
35.05%


Scholarships (Includes housing, meals, tuition, books)
$8,352,213
35.05%


Student Athlete Support (Athletic Training, Strength, Academic Services, Nutrition)
$3,345,365
5.42%


Medical Costs
$930,000
1.51%


Rental Fees (Rice-Eccles Stadium / Huntsman Center)
$1,591,500
2.58%


Fan Experience (Marketing, Development, Suites and Ticketing)
$3,874,586
6.27%


Support Services (IT, Compliance, Equip. Room)
$1,300,412
2.11%


Cafeteria Operations
$1,420,000
2.30%


Media / Communications
$1,520,814
2.46%


Spirit (Band/Cheer)
$307,291
0.50%


Administration
$3,395,128
5.50%


Game Operations
$3,179,339
5.15%


Debt Service / Facility Ops / Capital Projects
$6,151,675
9.96%


Pac-12 Expenses
$3,117,173
5.05%


Repair & Replace
$500,000
0.81%


Strategic Reserves
$1,110,871
1.80%


Other Expenses
$27,000
0.04%


TOTAL:
$61,771,234
100.00%

[U-Ute]

Its funny you mentioned this. I was looking for a thread to drop this link into just yesterday.

Only 20 of Division 1/FBS athletic departments run in the black.

http://www.ncaa.org/about/resources/media-center/news/growth-division-i-athletics-expenses-outpaces-revenue-increases

Year 4 is when we were scheduled to get 100% of our TV revenue but I'm not sure of the timing of such things. IIRC, the fiscal year for universities ends in June or so. My guess is this is a projection for next June?

My brain likes numbers to be sorted. Here's those tables sorted by Total $:



Revenues
Total
% of Total


National TV
$18,084,500
29.28%


Football Tickets
$8,800,000
14.25%


Crimson Club Athletic Fund
$7,540,000
12.21%


Pac-12/NCAA
$6,865,958
11.12%


Student Fees
$6,100,140
9.88%


Utah Sports Properties / Sponsors
$2,679,824
4.34%


Facility Gifts
$2,500,000
4.05%


Men's Basketball Tickets
$1,850,000
2.99%


Direct University Funding
$1,766,989
2.86%


Cafeteria Sales/Concessions share
$1,006,000
1.63%


Pac-12 Network
$1,000,000
1.62%


Suites
$700,000
1.13%


Other Revenue
$692,000
1.12%


Merchandise/Licensing share
$632,823
0.94%


Game Guarantees
$632,823
0.94%


Gymnastics Tickets
$375,000
0.61%


Other Sports Tickets
$54,000
0.09%


Total
$61,280,057













Expenses
Total
% of Total


Sports Operating Budgets (Includes travel, recruiting, equipment & compensation)
$21,647,865
35.05%


Scholarships (Includes housing, meals, tuition, books)
$8,352,213
35.05%


Debt Service / Facility Ops / Capital Projects
$6,151,675
9.96%


Fan Experience (Marketing, Development, Suites and Ticketing)
$3,874,586
6.27%


Administration
$3,395,128
5.50%


Student Athlete Support (Athletic Training, Strength, Academic Services, Nutrition)
$3,345,365
5.42%


Game Operations
$3,179,339
5.15%


Pac-12 Expenses
$3,117,173
5.05%


Rental Fees (Rice-Eccles Stadium / Huntsman Center)
$1,591,500
2.58%


Media / Communications
$1,520,814
2.46%


Cafeteria Operations
$1,420,000
2.30%


Support Services (IT, Compliance, Equip. Room)
$1,300,412
2.11%


Strategic Reserves
$1,110,871
1.80%


Medical Costs
$930,000
1.51%


Repair & Replace
$500,000
0.81%


Spirit (Band/Cheer)
$307,291
0.50%


Other Expenses
$27,000
0.04%


Total
$61,771,232








Profit/(Loss)
($491,175)




The debt service is a bit high for my taste, but I have zero experience in running major capital operations, so that may very well be within normal expectations. I just can't imagine spending 10% of my income on interest payments.

[Diehard Ute]

I am sure that most of you received the same e-mail I did with the Athletic Department budget for 2015. First, I am pleasantly surprised that this information was shared. Second, it does generate some questions. It looks like the monies received from the Pac 12 affiliation will total about $26 million. I cannot remember, but is this a 100% share and is it what was anticipated? Second, I am surprised that student fees are so significant. Students receive free admission to athletic events for the fees they pay, but the number of seats they receive at football and men's basketball are significantly fewer than the percentage of contribution when compared to the total paid for tickets and Crimson Club. By my calculations, they provide almost 25% of the revenue but receive significantly fewer seats. Third, I am happy to see that they are funding a reserve and I guess in doing so the Athletic Department operates in the black. Thoughts?




Consolidated Budget Fiscal Year 2015

Revenues
Total
% of Total


Football Tickets
$8,800,000
14.25%


Men's Basketball Tickets
$1,850,000
2.99%


Gymnastics Tickets
$375,000
0.61%


Other Sports Tickets
$54,000
0.09%


Direct University Funding
$1,766,989
2.86%


Crimson Club Athletic Fund
$7,540,000
12.21%


Facility Gifts
$2,500,000
4.05%


Utah Sports Properties / Sponsors
$2,679,824
4.34%


National TV
$18,084,500
29.28%


Pac-12 Network
$1,000,00
1.62%


Pac-12/NCAA
$6,865,958
11.12%


Student Fees
$6,100,140
9.88%


Suites
$700,000
1.13%


Cafeteria Sales/Concessions share
$1,006,000
1.63%


Merchandise/Licensing share
$632,823
0.94%


Game Guarantees
$632,823
0.94%


Other Revenue
$692,000
1.12%


TOTAL:
$ 61,771,234
100.00%





Expenses
Total
% of Total


Sports Operating Budgets (Includes travel, recruiting, equipment & compensation)
$21,647,865
35.05%


Scholarships (Includes housing, meals, tuition, books)
$8,352,213
35.05%


Student Athlete Support (Athletic Training, Strength, Academic Services, Nutrition)
$3,345,365
5.42%


Medical Costs
$930,000
1.51%


Rental Fees (Rice-Eccles Stadium / Huntsman Center)
$1,591,500
2.58%


Fan Experience (Marketing, Development, Suites and Ticketing)
$3,874,586
6.27%


Support Services (IT, Compliance, Equip. Room)
$1,300,412
2.11%


Cafeteria Operations
$1,420,000
2.30%


Media / Communications
$1,520,814
2.46%


Spirit (Band/Cheer)
$307,291
0.50%


Administration
$3,395,128
5.50%


Game Operations
$3,179,339
5.15%


Debt Service / Facility Ops / Capital Projects
$6,151,675
9.96%


Pac-12 Expenses
$3,117,173
5.05%


Repair & Replace
$500,000
0.81%


Strategic Reserves
$1,110,871
1.80%


Other Expenses
$27,000
0.04%


TOTAL:
$61,771,234
100.00%





The student fee at the U for athletics is $84 per student for a semester.

For an outside comparison a full time student at USU pays $135 a semester for athletics, SUU its $102

Weber and UVU do not provide a detail of where their fees go.

[Diehard Ute]

Its funny you mentioned this. I was looking for a thread to drop this link into just yesterday.

Only 20 of Division 1/FBS athletic departments run in the black.

http://www.ncaa.org/about/resources/media-center/news/growth-division-i-athletics-expenses-outpaces-revenue-increases

Year 4 is when we were scheduled to get 100% of our TV revenue but I'm not sure of the timing of such things. IIRC, the fiscal year for universities ends in June or so. My guess is this is a projection for next June?

My brain likes numbers to be sorted. Here's those tables sorted by Total $:

The debt service is a bit high for my taste, but I have zero experience in running major capital operations, so that may very well be within normal expectations. I just can't imagine spending 10% of my income on interest payments.

I don't think that's all interest as it was labeled as capital projects debt service and facility operations.

[concerned]

wasnt our annual budget about $47 million a year or two ago? Looks like we get $25 million from the Pac 12 membership all told. that heaven we got in when we did.

[Ma'ake]

I remember the PAC money figure being about 20-28M, so that seems about right. I think the money goes up a bit every year, like maybe 1-2M.

[LA Ute]

Are you telling me our PAC-12 deal is almost as lucrative as BYU's ESPN deal?

[U-Ute]

Are you telling me our PAC-12 deal is almost as lucrative as BYU's ESPN deal?

But without the celestial benefits.

[Sullyute]

Only 20 of Division 1/FBS athletic departments run in the black.

http://www.ncaa.org/about/resources/media-center/news/growth-division-i-athletics-expenses-outpaces-revenue-increases




If true, then Chris Hill deserves more props than he gets. I know that there is room for improvement, but if he can keep our sports as competitive as they are and keep us above water financially doing it, then he is doing a good job. I am glad to hear Utah is in good company.

[LA Ute]

This fits here, I guess. The Sporting News lists RES among its top 10 stadiums with 70,000 or fewer capacity:

http://www.sportingnews.com/photos/4621129-top-10-stadiumsatmosphere-less-than-70000-capacity-photos-oregon-autzen-stadium/slide/275693

Oregon's and Stanford stadiums are on the list too.

[LA Ute]

Thus seems relevant here:

http://www.usatoday.com/story/sports/college/2015/05/21/pac-12-revenues-larry-scott/27717251/


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