FSU athletic revenue, etc (Update)

https://floridastate.forums.rivals.com/threads/big-news-on-the-revenue.179515/page-4

Dotcom
6/7/17

A lot of what was in the Democrat story is stuff we reported on weeks ago. What is new is odd notation about ACC distributions for 2016-17 and 2017-18 (it's not worded well but that's what it's referring to). The numbers for 2016-17 are months away from being calculated and won't be released until the spring of 2018. And the 2017-18 numbers are speculation since that period just started this month.

It's my understanding that this came from an informal workshop where comments are made off the cuff. Guessing it was just somebody throwing out projections based on expected growth. The actual numbers could be very different.

Basically, it's anticipated that distributions from the ACC will grow about $3 million per year, which were around $24 million for the last actual reported term (2015-16). It's perfectly reasonable to throw a $3 million year increase out there but it should have been made clear in the story that it's just a projection.

While it's positive growth, keep in mind the BIG 10 expects to increase its distribution by at least $10 million for 2016-17 and the SEC and Big 12 are expected to go up around $3 million as well. So even if these projections for the ACC accurate, it's not like the the conference is gaining ground on its biggest competitors.




http://www.tallahassee.com/story/news/2017/06/06/fsu-athletics-revenues-expected-top-109-m-2017-2018/374498001/

Florida State University athletics are expected to generate $109.1 million in revenues for the next school year, thanks in part to robust ticket sales for this fall's Alabama football game and money from the Atlantic Coast Conference.
The revenues reflect a nearly $8 million increase over the 2016-17 athletics operating budget and will allow FSU to push ahead with improvements to its athletics facilities.
At Tuesday’s Board of Trustees workshop, FSU President John Thrasher and other administrators also heard about upcoming projects aimed at bolstering recruiting and the Seminoles' standing among ACC competitors.
According to Matt Behnke, senior associate athletic director and CFO, ticket revenue for football next fall is up from the 2016-17 season – due in large part to the much-anticipated matchup against the Crimson Tide.
“Tickets are up $1.7 million – that’s because of the Alabama game,” Behnke said.

The women’s basketball program also added $100,000 in ticket revenue.
The ACC conference distribution for FSU was increased by $3.2 million, totaling $30.78 million – up from about $27.5 million in 2016-17.
FSU's athletics operating revenue, Behnke said, ranks ahead of all other ACC schools.
Behnke said FSU also is finding success experimenting with non-traditional revenue sources, specifically citing the recent Doak After Dark concert.

“It’s something that’s getting a lot of buzz and helping drive financial resources back to athletics,” he said.


ACC network partnership
To prepare for the 2019 launch of the ACC Network, FSU will spend $1.5 million in the coming year on fiber installation and additional broadcast control rooms as well as equipment for the network. Right now, the school has two control rooms on campus. The goal is to have four.
“When you run these networks, and it’s happened at the SEC and it will happen with us – the show is pushed locally. So when a volleyball game is on the ACC network … that will be produced by us,” Hicks said. “It’s an opportunity for school communications to give great on-the-job training.”

Tucker Center to see 2018-19 upgrades
A “Phase II” of upgrades is being planned for the Donald L. Tucker Civic Center in 2018-19. Among the improvements are building out the locker rooms and adding an extra basketball court, as well as a lounge upstairs for team meetings and other purposes.
By doing so, according to Hicks, “you’ve effectively created another practice facility – something we haven’t had but all our peers have.”