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Post by rf1 on Jan 17, 2019 16:32:49 GMT -5
Conn athletic department in 2018: generated $40 million in revenue, spent $81 million in expenseswww.courant.com/sports/hc-sp-uconn-sports-athletic-department-finances-revenue-expenses-20190117-2wdp5gimnvhlliwykl6npcmy7u-story.html The athletic department incurred $80,905,645 in expenses in 2018, down slightly from 2017, while generating $40,418,969 in revenue, also down from 2017. The school’s sports programs were once again heavily subsidized by the university, receiving more than $8.5 million in student fees and more than $30 million in additional institutional support.
The biggest individual team culprit of the UConn athletic department’s 2018 deficit was the school’s football program, which lost $8.7 million. Additionally, men’s basketball lost about $5 million, women’s basketball lost about $3.1 million and the rest of the school’s sports lost about $22.3 million among them.
In 2017, UConn’s athletic department overall incurred more than $83 million in expenses while generating about $41 million in revenues.
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Post by HC92 on Jan 17, 2019 19:27:10 GMT -5
CT definitely needs to rethink this one. Can’t imagine they’d lose more than $41M per year if they dropped football and joined the Big East.
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Post by A Clock Tower Purple on Jan 17, 2019 20:05:27 GMT -5
What makes you think the BE, given its current catholic-bent profile, would even want them?
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Post by Ray on Jan 17, 2019 20:21:15 GMT -5
What makes you think the BE, given its current catholic-bent profile, would even want them? I think it's safe to say there would be interest on the Big East side, if the football blocker were out of the way. BE is about halfway through their large Fox Sports tv deal, and adding another highly recognized brand-name program in the target-rich East Coast demographic would certainly help their negotiating position next time around. And it re-introduces a lot of traditional Big East rivalries.... UConn-SJU, UConn-GTown, UConn-PC, UConn-Nova, etc.
Plus, you make a comparable add on the Western side (Dayton? St. Louis?) and then you can go to an unbalanced schedule in the 12-team league with two divisions, and actually reduce the travel factor by playing 2x in the division and once across divisions. More matchups that Fox likes, fewer long trips. Win, win.
Oh, and UConn is likely so desperate that they'd probably be willing to take a discount on their share of the Fox contract, so the existing BE schools wouldn't even be costing themselves a smaller share of that pie.
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Post by A Clock Tower Purple on Jan 17, 2019 20:26:47 GMT -5
I gather what you're saying Ray, but I have serious doubts the BE school prez's want a large state school in the league given its current makeup. StL or Dayton much more viable options in my opinion.
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Post by longsuffering on Jan 17, 2019 23:25:50 GMT -5
Don't forget, BE would be getting UConn Women's BB, too. Right now I think BE Women's BB is basically irrelevant, but the costs aren't. There aren't too many levers you could pull to upgrade a league sport better than adding UConn.
If Geno's team lost three million, I wonder if any women's team in the nation made money?
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Post by longsuffering on Jan 17, 2019 23:42:34 GMT -5
Does anyone else think that four coaches and a Director of Operations for 12 or 13 players in D-1 M&W BB is a bit nutty? The problem is, which school is willing to unilaterally disarm?
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Post by hchoops on Jan 17, 2019 23:53:51 GMT -5
Would UConn drop football after all the $$ The state poured into that stadium ?
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Post by Pakachoag Phreek on Jan 18, 2019 13:36:05 GMT -5
SBNation chimes in www.sbnation.com/college-football/2019/1/18/18187320/uconn-football-aac-fcsI doubt the BE wants to share the revenue from its current broadcast contract with Fox. The BE already has two Greater NY teams, so it is not like Fox gains entry into the NYC market, and Hartford, by itself, doesn't bring much. IMO, with cable users cutting the cord, its unlikely that a follow-on deal with Fox is going to bring a significant increase in broadcast revenue to the BE. The current BE is nine Catholics and Butler. No state university is a member Adding Uconn would really break the mold.
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Post by gks on Jan 18, 2019 14:01:34 GMT -5
SBNation chimes in www.sbnation.com/college-football/2019/1/18/18187320/uconn-football-aac-fcsI doubt the BE wants to share the revenue from its current broadcast contract with Fox. The BE already has two Greater NY teams, so it is not like Fox gains entry into the NYC market, and Hartford, by itself, doesn't bring much. IMO, with cable users cutting the cord, its unlikely that a follow-on deal with Fox is going to bring a significant increase in broadcast revenue to the BE. The current BE is nine Catholics and Butler. No state university is a member Adding Uconn would really break the mold. UConn is much, much more than the Hartford market. They are a Northeast school with a large following (talking hoops here). If Fox could swap UConn for either of the Greater NYC teams they'd do it in a heartbeat. Football is another issue. They should be much better. Too many reasons to list why this is the case.
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Post by purplehaze on Jan 18, 2019 14:09:21 GMT -5
I agree 110 pct with the writer here - they belong in the Big East. With regards to football, I wonder if the AAC would give UConn the same deal that they give Navy ? The mids play football in the AAC, and all other sports in the PL. If UConn gave the AAC such an ultimatum, I wonder if the AAC would blink (at the risk of losing the NY-Boston region) ?
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Post by rickii on Jan 18, 2019 14:43:19 GMT -5
I don't see the overall attraction now of UConn as some here. They have seemingly dropped off the map as far as media exposure goes. They once had 3 major sports of interest....now maybe 1 in ladies hoops and even that seems to have leveled off.
Much of their current state has been self inflicted over the past decade.
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Post by Pakachoag Phreek on Jan 18, 2019 14:56:58 GMT -5
I agree 110 pct with the writer here - they belong in the Big East. With regards to football, I wonder if the AAC would give UConn the same deal that they give Navy ? The mids play football in the AAC, and all other sports in the PL. If UConn gave the AAC such an ultimatum, I wonder if the AAC would blink (at the risk of losing the NY-Boston region) Football lost nearly $9 million, and MW hoops lost over $8 million. How does remaining in the AAC for football reduce the losses in the football program? Navy has 85 free scollies for football. (Navy actually has many more than that: IIRC they rostered 160 for football in 2017.)
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Post by purplehaze on Jan 18, 2019 16:07:36 GMT -5
Keeping football in the AAC does not reduce those losses - agree. But (as a Ct. taxpayer) I would submit almost all other line items would have reduced losses. Interest in this state to see the likes of Tulsa, Memphis, Houston, Wichita St. will never approach the appeal of the Big East rivalries, and for sure basketball enthusiasm would increase. I
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Post by purplehaze on Jan 18, 2019 16:09:57 GMT -5
Woops, had another thought - all of their minor and major sports teams have to fly to these outposts in the AAC - That must be a huge expense which would be greatly reduced with bus trips to the BE campuses and in many cases one fewer night in a hotel.
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Post by rf1 on Jan 18, 2019 17:30:29 GMT -5
It is not getting any better for UConn:
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Post by Pakachoag Phreek on Jan 18, 2019 18:55:05 GMT -5
Woops, had another thought - all of their minor and major sports teams have to fly to these outposts in the AAC - That must be a huge expense which would be greatly reduced with bus trips to the BE campuses and in many cases one fewer night in a hotel. Only somewhat. The BE is comprised of schools in Nebraska, Wisconsin, Illinois, Indiana, and Ohio, none of which cry out for bustitution. UConn spent $4.7 million on M/W ice hockey. at least half if that and probably more represents a loss
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Post by longsuffering on Jan 18, 2019 21:34:42 GMT -5
Thanks for posting the UConn self punishments. Reminds me of the time I volunteered to give up snow shoveling for Lent. The list is lengthy but each one is certainly survivable. They slapped themselves on their own wrist.
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Post by sader1970 on Jan 18, 2019 21:45:16 GMT -5
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Post by longsuffering on Jan 18, 2019 21:55:13 GMT -5
MA has four major professional sports teams that have jointly won numerous championships this century. Between M&W BB alone, UCONN has basically kept up with the four MA professional teams in winning championships this century and should be extremely proud.
The shame is that while UCONN athletics lost 40 million, the Pats, Sox, Bruins and Celtics probably brought in 40 million in tax revenue between sales, income and property tax for the people of MA during the same time period.
What does this mean for Holy Cross? I dunno, but please hire an AD who is an excellent coaching talent evaluator because we can't lose $40 million a year to compete with the big boys. We have to be smarter.
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Post by rgs318 on Jan 19, 2019 9:20:11 GMT -5
Why would anyone want to compete with UConn to get the results they have for an annual loss of over $40,000,000? Would that be worth it every year?
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Post by Pakachoag Phreek on Jan 19, 2019 10:18:22 GMT -5
Why would anyone want to compete with UConn to get the results they have for $40,000,000? Would that be worth it every year? To be nitpicky, UConn spent $81 million, offset by $40 million in revenue, for a loss of $41 million.. For a comparison, UMass spent $40 million. How much of that was a loss is unknown, but probably at least half that amount.
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Post by rf1 on Jan 19, 2019 10:44:11 GMT -5
While football is the biggest contributor to this deficit, it is not surprising given the sports' costs and how little success the program has seen for so long. What might be more troubling is that even their most storied and successful programs (M&W basketball) are both operating at huge losses.This despite having far less scholarships and operating costs.
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Post by rf1 on Jan 19, 2019 14:55:17 GMT -5
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Post by longsuffering on Jan 19, 2019 15:00:23 GMT -5
$41 million is a shocker. I hope it is at least offset by something. Larger Alumni and giving, increased applications or something. All those national championships have to have some value not measured by these direct revenue and expense figures.
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