|
Post by Pakachoag Phreek on Apr 16, 2024 13:50:47 GMT -5
$34,324,430.
About 10x what GU spent on women's hoops.
The Title IX reports for all schools for 2022-23 are out, and that's the source. Otherwise, I expect many here would be instructing me 'to hay off the sauce'
And yes, I realize much of that is the result of changing coaches, but still.
|
|
|
Post by hc1996 on Apr 16, 2024 15:58:30 GMT -5
$34,324,430. About 10x what GU spent on women's hoops. The Title IX reports for all schools for 2022-23 are out, and that's the source. Otherwise, I expect many here would be instructing me 'to hay off the sauce' And yes, I realize much of that is the result of changing coaches, but still. How do we compare??
|
|
|
Post by Pakachoag Phreek on Apr 16, 2024 19:41:28 GMT -5
$34,324,430. About 10x what GU spent on women's hoops. The Title IX reports for all schools for 2022-23 are out, and that's the source. Otherwise, I expect many here would be instructing me 'to hay off the sauce' And yes, I realize much of that is the result of changing coaches, but still. How do we compare?? HC spent $2,680,908 on men's hoops in 2022-23 GU spent about $1.5 million more on men's hoops than HC did on its entire athletic program.
|
|
|
Post by hc1996 on Apr 16, 2024 20:27:30 GMT -5
And we owned them in hoops and football this year. 😀
|
|
|
Post by efg72 on Apr 16, 2024 20:42:28 GMT -5
We won at the Cap One Center- we didn't own them
I would love it if we invested another $ 3-5 million for both football and basketball
Go big or go home😎😇
|
|
|
Post by longsuffering on Apr 16, 2024 21:03:07 GMT -5
$34,324,430. About 10x what GU spent on women's hoops. The Title IX reports for all schools for 2022-23 are out, and that's the source. Otherwise, I expect many here would be instructing me 'to hay off the sauce' And yes, I realize much of that is the result of changing coaches, but still. Stop smoking the hay.🙂 An 18% tip on this amount would provide 63 FB schollies and make GU FB a PL contender. But if they get the costs down they will still stiff FB. Hopefully they get a chunk of the MBB expenses back from the Big East Media contract, sponsorship, tickets, apparel, etc.
|
|
|
Post by hc1996 on Apr 16, 2024 21:26:35 GMT -5
We won at the Cap One Center- we didn't own them I would love it if we invested another $ 3-5 million for both football and basketball Go big or go home😎😇 We may beat them once every 40 years now so let’s exaggerate and say we owned them.
|
|
|
Post by mm67 on Apr 16, 2024 22:26:52 GMT -5
Admittedly, an arbitrary judgment but isn't $34+ mill a ridicules amount of money to spend on a college sport? Very disappointed in Georgetown. Is basketball worth the cost? To what end? Despite all the rationalizations to the contrary college sports are not part of a college's academic mission which is the raison denture for the college. $34mill for basketball or any athletic enterprise seems way out of bounds. The money could be better spent on academics. I know the arguments about sports providing increased visibility and increased donations to maintain and improve the academic profile but this rings hollow to me. Bowdoin, Colby Amherst, etc seem to do quite well in maintaining their elite academic profile & raising money without engaging in this mad sports arms race. I am quite proud of HC for not overemphasizing sports and for keeping a lid on spending on athletics. I dunno'.
|
|
|
Post by alum on Apr 17, 2024 4:03:50 GMT -5
What was the revenue for Georgetown men’s hoops?
|
|
|
Post by Pakachoag Phreek on Apr 17, 2024 6:50:46 GMT -5
Twenty years ago, 2003-2004, HC spent $1,261,000 on men's hoops, $2,689,000 in 2022-23.
Twenty years ago, Georgetown spent $3,331,000 on men's hoops. So a 10-fold jump for them.. Georgetown in 2022-23 spent $3.5 million on women's hoops. so total GU spending on M/W hoops was $37.8 million.
|
|
|
Post by timholycross on Apr 17, 2024 8:15:58 GMT -5
What was the revenue for Georgetown men’s hoops? My question too. Net's more important than gross. What's concerning for sure is that the heralded arrival of Cooley boosted their attendance up 20%...but that 20% is still over 10,000 short of capacity. They do not have a smaller arena option, especially now that the Bullets/Wizards are staying put.
|
|
|
Post by efg72 on Apr 17, 2024 9:09:13 GMT -5
That might have included a buyout as well as the new hire first year salary and signing bonus
|
|
|
Post by nhteamer on Apr 17, 2024 10:29:14 GMT -5
what was GU revenue HC revenue
??
|
|
|
Post by gks on Apr 17, 2024 10:38:17 GMT -5
I don't know the point of threads like this?
Who cares what Georgetown, UConn, etc spend.
Does it justify HC being cheap and frugal in athletics?
|
|
|
Post by Pakachoag Phreek on Apr 17, 2024 16:47:10 GMT -5
What was the revenue for Georgetown men’s hoops? One cannot determine the generated revenue without access to the NCAA revenue and expense reports. Where generated revenue is insufficient to pay for expenses, the school 'subsidizes' the program with $ from student tuition / fees; or the unrestricted portion of the endowment's annual funding of university operations. Endowment funds restricted to a sport are classified as generated revenue. I looked up UConn. Women's hoops' expenses were nearly $10 million. And as generated revenues were insufficient to cover, the university subsidized the program from university funds. Even with a national championship, UConn men's hoops expenses exceeded generated revenue. For Boston College, women's hoops expenses were $5,229,000. Revenue was $980,000. There was no subsidy. To balance the books on women's hoops, BC likely used some of the 'profit' from football. BC's football 'profit' was about $11 million. Notre Dame football had a profit of about $70 million. That profit 'subsidized the losses experienced by every other sport at Notre Dame, and there was enough left over to show a modest overall profit.
|
|
|
Post by mm67 on Apr 17, 2024 17:53:49 GMT -5
HC's teams? Which showed a profit? Which ran at a loss?
|
|
|
Post by KY Crusader 75 on Apr 17, 2024 18:19:14 GMT -5
I’m cannot imagine that any HC team generates a “profit”. Then again, I’m guessing that the Dinand Library does not generate a profit yet it is an indispensable part of the HC experience
|
|
|
Post by Pakachoag Phreek on Apr 17, 2024 19:08:32 GMT -5
HC's teams? Which showed a profit? Which ran at a loss? No HC team has turned a profit in over 50 years. Before 1970, it is possible that football and men's basketball might have occasionally been profitable. I would guess that the payout for being ABC Game of the Week, with no sharing required, might have made football profitable for that year. When HC and Harvard would play at Harvard stadium in the 1930s, before crowds of 50,000+, those games were certainly profitable, especially if revenue was shared from having home/away games played in the largest venue there was. Then greed took over. If GU played 15 home games at an average game attendance of 8,000 and an average ticket price of $20 (net price to GU after paying Ted Leonsis for the arena rental), that's $2.4 million, which might cover half the salaries of the coaches.
|
|
|
Post by purplehaze on Apr 17, 2024 19:31:27 GMT -5
GU’s basketball budget is ever expanding now with a very robust NIL program- rumor is that pg transfer from Harvard, Mack is getting a very high 6 figure deal.
|
|
|
Post by Pakachoag Phreek on Apr 18, 2024 4:36:23 GMT -5
GU’s basketball budget is ever expanding now with a very robust NIL program- rumor is that pg transfer from Harvard, Mack is getting a very high 6 figure deal. To be clear, GU's athletic budget does not include NILs. Those are contracts between boosters and a player.
|
|
|
Post by hc1996 on Apr 18, 2024 7:29:28 GMT -5
GU’s basketball budget is ever expanding now with a very robust NIL program- rumor is that pg transfer from Harvard, Mack is getting a very high 6 figure deal. To be clear, GU's athletic budget does not include NILs. Those are contracts between boosters and a player. Are they allowed to include in the contracts clauses that attempt to retain players? Example, player gets paid some amount only if they stay at the school? With my money, I don't have much interest in investing in a player who will jump ship next year.
|
|
|
Post by KY Crusader 75 on Apr 18, 2024 7:47:47 GMT -5
To be clear, GU's athletic budget does not include NILs. Those are contracts between boosters and a player. Are they allowed to include in the contracts clauses that attempt to retain players? Example, player gets paid some amount only if they stay at the school? With my money, I don't have much interest in investing in a player who will jump ship next year. I'd have to guess that the NIL payoffs are on an annual basis--If the player bolts the payments stop
|
|
|
Post by Tom on Apr 18, 2024 8:18:53 GMT -5
I don't know the point of threads like this? Who cares what Georgetown, UConn, etc spend. Does it justify HC being cheap and frugal in athletics? Well this is a forum about HC mens basketball and mens college basketball in general. Sad to say, but economics are a big part of the college basketball picture today (and not because more hoopsters are choosing it as a major). Knowing what other programs, major and mid-major, spend compared to HC is a pretty relevant piece of information
|
|
|
Post by longsuffering on Apr 18, 2024 10:21:50 GMT -5
Learning HC athletics spend at a reasonable scale helps appreciate them realistically. GU is priced for perfection but is far from it and that must be no fun for it's boosters and fans.
GU is paying Tiffany's prices but getting Zayre's quality if anyone remembers that old discount store chain.
|
|
|
Post by Pakachoag Phreek on Apr 18, 2024 17:34:25 GMT -5
To be clear, GU's athletic budget does not include NILs. Those are contracts between boosters and a player. Are they allowed to include in the contracts clauses that attempt to retain players? Example, player gets paid some amount only if they stay at the school? With my money, I don't have much interest in investing in a player who will jump ship next year. I think KY Crusader is correct. These are one-year contracts. A Federal judge in Tennessee has issued a preliminary injunction against the NCAA from enforcing a rule that required a player to be enrolled to receive a NIL. If this is not reversed, one will be able to offer NILs to high school players, contingent on them applying to university X IMO, you simply cannot build and sustain a successful program with all these external forces pulling and tugging on your roster. The NFL is way more regulated than the NCAA is right now.
|
|