Friday, April 17, 2020

"without football and I would just say God help us "



https://theosceola.com/coburn-details-budget-complexities-scheduling-options-for-fsu-athletics/

Budget update: Coburn confirmed some prior published reports which indicated a $2.2 million-$2.5 million reduction in ACC distribution in the 2019-20 fiscal year due to the loss of the ACC men’s basketball tournament and NCAA Tournaments tournaments. FSU will realize some savings with no sports being played, specifically travel expenses. How the budget for the fiscal year wraps up remains to be seen. Between the hurricane that impacted the FSU-Boise State opener to the football coaching change and coronavirus, budgeting has “been an interesting year.” FSU athletics administrators are planning to develop budget scenarios for next year – “I don’t think any of them will be pretty,” Coburn said. “One of them will be a scenario without football. And I would just say God help us (if that happens).” Coburn said the ACC is looking at all scheduling options, including one where football moves to the spring. In that option they would also coordinate with the NFL, which annually holds an April draft.

Search for new boosters president: Seminole Boosters president and CEO Andy Miller has announced his plans to retire and stay on as a consultant for a year. Coburn said that the search for Miller’s replacement is continuing and they hope to have a replacement in place this fall.

https://www.tallahassee.com/story/sports/college/fsu/2020/04/17/florida-state-fsu-athletic-director-seminoles-david-coburn-financial-budget-no-2020-football-season/5151027002/

https://floridastate.rivals.com/news/fsu-s-coburn-on-athletics-budgets-god-help-us-if-football-season-axed

https://floridastate.rivals.com/news/schoffel-crisis-only-speeds-up-financial-concerns-facing-college-sports

According to an annual report filed by the school last summer, the Seminoles made more than $185 million in revenue during the 2018-19 academic year but racked up $198 million in expenses. A large reason for that shortfall, of course, was that football wasn't nearly as profitable as it had been in recent years. After producing about $37 million in profits in 2017-18 and $42 million the year before that, the football program netted just $24 million last year, according to FSU documents.
That's a problem when you consider the vast majority of sports programs on campus are losing money each year. In this particular year, men's basketball was the only other sport that generated more money than it spent -- to the tune of about $3.4 million. Baseball turns a profit in some seasons, but it actually lost $1.5 million that year.
The deficit for women's basketball was about $1.86 million; for soccer, it was $900,000; it was roughly $500,000 for men's golf and $400,000 for softball. Men's and women's track combined to lose about $2.5 million, while men's and women's swimming came out $1.5 million in the red, and men's and women's tennis were about $1 million in the hole.

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