Friday, April 3, 2020

FSU athletic financials odd? (update)

Again great investigation by HokieMark.  Even during these times when NOTHING is going on, FSU's own media doesn't look into these topics.  Really is a head scatcher here.

https://footballscoop.com/news/the-highest-grossing-football-programs-in-college-football-are/

Power 5 — Top 15
1. Texas — $156 million
2. Georgia — $123 million
3. Michigan — $122 million
4. Notre Dame — $116 million
5. Ohio State — $115 million
6. Penn State — $100 million
7. Auburn — $95 million
8. Oklahoma — $94.8 million
9. Alabama — $94.6 million
10. Nebraska — $94.3 million
11. LSU — $92 million
12. Tennessee — $91 million
13. Wisconsin — $90 million
14. Florida — $85 million
15. Washington — $84 million

ACC
1. Florida State — $69 million
2. Clemson — $61 million
3. Miami — $56 million
4. NC State — $46 million
5. Syracuse — $44 million

https://accfootballrx.blogspot.com/2020/03/weird-fsu-financials-and-more.html

Something weird's going on in Tallahassee. Florida State reported EADA revenue for the 2018-19 athletic year of nearly $200 million - enough to rank 3rd among all college athletic departments in revenue for that year. Yet Seminole fans will tell you their school is strapped for cash. What gives? Let's see if we can figure it out...

Equity in Athletics Data (EADA)

Here's the EADA data for the last 2 years, which is broken out by sport:

Year2017-182018-19
Baseball Revenue$6,076,428$7,466,680
Basketball Revenue$23,550,761$24,453,445
Beach Volleyball Revenue$930,014$1,060,193
All Track Combined Revenue$5,181,616$5,619,389
Football Revenue$87,510,028$68,893,857
Golf Revenue$3,940,685$3,340,678
Soccer (W) Revenue$2,590,332$3,192,377
Softball Revenue$2,444,750$2,860,820
Swimming Revenue$2,977,495$3,576,912
Tennis Revenue$2,379,907$2,637,520
Volleyball (W) Revenue$1,593,290$1,983,171
Total Men's Teams Revenue$117,887,541$100,569,860
Total Women's Teams Revenue $21,287,765 $24,515,182
Not Allocated by Gender/Sport Revenue $38,337,644 $73,322,159
Grand Total Revenue$177,512,950$198,407,201

In other words, despite a drop in football revenue, the total revenue for the athletic department increased by about $21 million. Also, while there were small increases in revenue for baseball (+$1.4M), basketball (+$1M), track, soccer, softball and swimming (each about +$0.5M), the vast majority of the increase came from "non-allocated" revenue.

What is "Revenues Not Allocated by Gender/Sport"? From the 2019 EADA user's Guide, it includes "any revenue which cannot be tied to a particular sport", such as:
  • alumni contributions to the athletic department (not targeted to a particular sport)
  • investment interest income
  • athletic conference money
  • radio and advertising sales
  • royalties
  • signage or other sponsorships
  • fundraising activities
  • institutional, state or other government support
Were these revenues one-time, or recurring? We just don't have enough information to know.

USA Today College Finances

Here's the USA-Today data, which is broken out by category, not by sport:

YearTicket SalesContributionsRights / LicensingStudent FeesSchool
Funds
OtherTotal Revenues
2018$24,414,864$55,886,370$46,070,530$8,493,715$0$33,312,371$168,177,850
2017$25,046,047$41,504,734$36,709,768$8,446,443$0$32,807,421$144,514,413
2016$20,206,022$32,382,845$36,140,389$8,364,645$0$16,660,413$113,754,314
2015$26,169,018$25,265,420$49,576,951$8,287,769$0$11,523,364$120,822,522
2014$25,550,753$22,521,553$40,493,922$7,980,366$0$8,227,880$104,774,474
2013$20,302,766$18,894,097$36,775,949$7,859,734$0$7,549,895$91,382,441
2012$20,379,815$31,000,624$36,511,620$7,778,861$0$4,378,524$100,049,444
2011$17,980,170$19,302,120$27,432,139$7,528,006$0$6,333,353$78,575,788
2010$15,775,516$23,245,513$25,882,320$6,919,449$350,000$2,229,471$74,402,269
2009$18,260,626$25,572,654$25,722,130$6,772,105$700,000($2,610,191)$74,417,324
2008$13,393,780$25,190,569$24,348,076$6,590,629$0$3,935,440$73,458,494
2007$15,279,152$22,751,726$21,719,651$6,066,563$350,000$11,090,753$77,257,845
2006$13,260,770$16,053,230$19,523,617$6,011,806$350,000$11,813,369$67,012,792
2005$12,709,321$16,414,490$17,166,315$4,796,773$0$5,490,034$56,576,933
source: https://sports.usatoday.com/ncaa/finances

The 2018-19 season isn't posted yet, and the 2017-18 total revenue, while close, is not an exact match for the EADA number (differs by about $9 million). That said, there are some interesting trends we see in this table, such as:
  • ticket sales revenue remains strong compared to pre-2012 revenue
  • contributions are way up from previous years - more than double 2015, in fact!
  • FSU enjoyed a huge bump in rights and licensing last year (up $10 million)
Assuming these trends held for 2018-19, it's at least plausible that the $198 million revenue is real...

That said, throwing more money at a problem just makes it a more expensive problem. Or, would it have made Willie Taggart a better coach if FSU had paid him more? What's the missing piece?

https://csnbbs.com/thread-897219.html

Info From Equity in Athletics

Reporting Year: 07/01/2018 - 06/30/2019

Total Revenues by Team

001.) The University of Texas at Austin - $215,829,101
002.) Ohio State University-Main Campus - $209,102,666
003.) Florida State University - $198,407,201
004.) University of Michigan-Ann Arbor - $175,006,632
005.) University of Georgia - $174,042,482
006.) University of Notre Dame - $169,547,625
007.) The University of Alabama - $166,812,799
008.) Pennsylvania State University-Main Campus - $164,529,325
009.) Texas A & M University-College Station - $160,101,611
010.) University of Oklahoma-Norman Campus - $159,286,136

011.) Louisiana State University and Agricultural & Mechanical College - $157,787,780
012.) Auburn University - $152,455,418
013.) University of Wisconsin-Madison - $151,369,153
014.) University of Louisville - $148,667,940
015.) University of Iowa - $144,070,825
016.) University of Florida - $143,627,997
017.) University of Kentucky - $143,481,480
018.) University of South Carolina-Columbia - $140,295,659
019.) University of Arkansas - $139,504,649
020.) Stanford University - $139,390,932

021.) The University of Tennessee-Knoxville - $135,818,717
022.) University of Nebraska-Lincoln - $130,313,578
023.) University of California-Los Angeles - $127,339,042
024.) University of Miami - $127,170,251
025.) Indiana University-Bloomington - $126,358,047
026.) Clemson University - $124,601,614
027.) University of Minnesota-Twin Cities - $122,667,963
028.) University of Kansas - $119,768,008
029.) University of Southern California - $118,687,120
030.) Texas Christian University - $118,496,653

031.) Michigan State University - $116,186,933
032.) University of Washington-Seattle Campus - $116,048,869
033.) Duke University - $116,021,513
034.) Northwestern University - $111,421,226
035.) Purdue University-Main Campus - $110,844,907
036.) University of Virginia-Main Campus - $108,854,006
037.) University of Maryland-College Park - $108,796,303
038.) University of Oregon - $108,500,370
039.) University of North Carolina at Chapel Hill - $105,407,867
040.) University of Arizona - $102,275,918

041.) Arizona State University-Tempe - $101,836,361
042.) Mississippi State University - $101,454,439
043.) Baylor University - $101,243,920
044.) West Virginia University - $101,095,223
045.) University of Illinois at Urbana-Champaign - $100,156,079
046.) Syracuse University - $99,815,688
047.) University of Pittsburgh-Pittsburgh Campus - $98,866,362
048.) University of Colorado Boulder - $98,413,285
049.) University of Mississippi - $96,790,426
050.) University of California-Berkeley - $94,646,123

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