LSU Athletics Turns $12M Profit In '15-16 Sources: BC Wasn't Going To Renew Bates' Contract Kentucky Increases Price For Football Season Tickets Florida AD Stricklin Puts Twitter To Good Use Schools Increasingly Rely On Private Plane Use Boston College AD Bates Resigns To Take CSA Job Memphis Basketball Beating Attendance Projections Arizona State Earns Record Revenue For FY '16 Ohio State AD Smith Talks New CFP Role Auburn Makes $15M Profit In FY '16
SBD/February 12, 2013/Colleges
Univ. Of Texas Athletics Nets $163.3M In Revenue; Football Program First Over $100M
Published February 12, 2013
DEEP IN THE HEART: In Austin, Kirk Bohls writes UT fans remain "upset about everything from the Longhorn Network they can’t see to their perception of an athletic department that’s consumed by making money instead of winning games and is deaf to ticket buyers’ protests." Men's AD DeLoss Dodds and women's AD Chris Plonsky both "acknowledged the deep dissatisfaction among the fan base, but they vehemently denied that they’re driven by accounting over accountability." Dodds said, "We’re not obsessed with making money. We’re good business people. We’ve got to be. But I’d rather be tagged with money than be in debt." Dodds said that UT athletics "does carry" $263M in debt, with about $18M in debt payments each year. But he added that the department reaps $29M of revenue "when it harvests proceeds from things like luxury boxes." UT "remains one of what Dodds estimates to be about a dozen or so Division I programs that run a profit." He said of teams struggling athletically, "We're going to have good years again. Our bad years are not that bad. Take a school like Missouri. Our bad years are better than their good years. But we've created a standard." Bohls writes the UT women's side is "in even more disarray." All of "this has come on Plonsky’s watch, and although hers is a brilliant mind in the field of television and business, she might be on shaky ground in her current role." She said, "I work scared every day. I’m passionate about my job, but I don’t take anything for granted. You’ve got to out-execute everybody. Entitlement? The E-word is what we all work to eradicate every day." Bohls writes what is "clear is Dodds and Plonsky have the same passion for their jobs and the programs they lead that they’ve always had, even in these lean times" (AUSTIN AMERICAN-STATESMAN, 2/12).
ROCK BOTTOM? In Knoxville, Megan Boehnke noted the number of people who gifted money in '12 to the Univ. of Tennessee athletic department fell by more than 25%, or $10M, following "coaching shake-ups and a poor performance on the football field -- but it also came after years of record giving to the department." Tennessee last year brought in $35.1M. The "biggest accounting" of the $10M donation drop was in capital gifts, "which were cut in half." Those gifts, given for "building projects, hit a high" in '11 with $16.4M, with that number going to $8.5M in '12 (KNOXVILLE NEWS-SENTINEL, 2/10).
FIND YOUR OWN MONEY: Univ. of Iowa President Sally Mason yesterday said that "no dollars outside of athletics would be used to fund any increased football recruiting expenses incurred by recent NCAA bylaw changes." In Des Moines, Bryce Miller notes NCAA decisions in late January "allow the hiring of new, recruiting-specific staff members and lifts limitations on the frequency and sophistication of mailings to potential players." Mason said that the athletic department will be "solely responsible for footing the new -- and potentially sizable -- bills." The changes have "rocked the college football world." Iowa football coach Kirk Ferentz said, "I hate to see college football or college athletics become Major League Baseball -- with all respect to Major League Baseball. The Yankees start in the inside lane every year. They have the biggest payroll, so they get to start on the inside lane." Mason said that moves by the ACC to "change its membership caused the Big Ten Conference to eventually add Rutgers and Maryland." She said, "The uncertainties and the ways in which the ACC was moving, in regard to expansion, led [Big Ten Commissioner Jim Delany] to look very carefully at where we were and where we might end up -- four, five, 10, 15 years down the road" (DES MOINES REGISTER, 2/12).