SBD/May 16, 2013/Olympics

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  • London Hauling: USOC Brings In Record $337.4M In Total Revenue Last Year

    Increased broadcast rights fees for the London Games drove the USOC's total revenue to a record $337.4M last year, according to tax filings the organization released yesterday. The total marks a 20% increase from the $280.6M in revenue the USOC collected in ‘08, the last time a Summer Games was held. The organization receives 12.75% of TV rights revenue the IOC collects from NBC and the network’s payment jumped from $893M for the ‘08 Beijing Games to $1.2B for London. As a result, the USOC’s broadcast rights revenue jumped from $123.4M in ‘08 to $164.6M in ‘12. Sponsorship revenue, which included both domestic and an 18% cut of IOC sponsorships, brought in $98.6M, up from $94.3M in ‘08, while gifts, grants and fundraising totaled more than $61.2M, up from $51.8M in ‘08. Total expenses hit $247.1M in ‘12, up 7% from $231.1M in ‘08. Grants to NGBs topped the list of expenses with $56.9M. The other top expenses included: $31.9M on salaries, $23.1M on athlete grants, $21.6M on outside services and $16.4M on travel.

     
    '12
    '08
    TOTAL REVENUE
    $337.4M
    $280.6M
    Broadcast Rights
    $164.6M
    $123.4M
    Sponsorship Revenue
    $98.6M
    $94.3M
    Gifts, Grants & Fundraising
    $61.2M
    $51.8M
    TOTAL EXPENSES
    $247.1M
    $231.1M
    NGB Grants
    $56.9M
    $48.9M
    Salaries
    $31.9M
    $25.6M
    Athlete Grants
    $23.1M
    $21.7M
    Outside Services
    $21.6M
    $23.8M
    Travel
    $16.4M
    $21.5M

    For the first time in four years, the organization’s tax filing does not include any payments to former execs. The organization’s ‘09 filing saw it pay former execs $1.49M, and its ‘10 filing showed payments to three CEOs: current CEO Scott Blackmun and two former CEOs, Jim Scherr and Stephanie Streeter. Blackmun earned total compensation of $765,359 last year. USOC CMO Lisa Baird earned $495,479, Chief Communications & Public Affairs Officer Patrick Sandusky earned $398,983, CFO Walter Glover earned $361,261 and General Counsel Rana Dershowitz earned $337,737.

    Print | Tags: Olympics, USOC
  • WBSC, MLB Consider Condensed Olympic Schedule, Shortening Games

    World Baseball Softball Confederation co-President Don Porter said that WBSC and MLBPA officials met two weeks ago to "discuss a condensed Olympic schedule that could allow major league players to participate in the Games," according to Kelly Whiteside of USA TODAY. Porter said, "We would limit the overall number of games, down to six days of competition, so there would be a minimal number of days away from their teams." Porter added that it is also "possible" MLB players "could be released just for the semifinals and final." Nationals manager Davey Johnson, who managed the U.S. Olympic baseball team in '08, said, "I think the World Baseball Classic in MLB's mind has replaced the Olympics because the Olympics come in the summer." Porter said that baseball was "considering going from nine to seven innings for Olympic competition to shorten game time." Whiteside notes the absence of MLB players in the Olympics was "a major factor in the IOC's decision to drop baseball" from the Games (USA TODAY, 5/16).

    Print | Tags: Olympics, MLB
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