SBD/February 16, 2017/Colleges

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  • Auburn Made $15M Profit Last Year With Help From SEC Network, Ticket Sales

    Auburn's revenue of $140M is the highest it has earned in the past three years

    Auburn athletics was "in the black" for FY '16 for the second consecutive year, according to a front-page piece by Dana Sulonen of the OPELIKA-AUBURN NEWS. Auburn’s total operating revenues for the fiscal year that ended June 30 came in at more than $140M, while operating expenses came in at $124.8M, putting Auburn roughly at a $15.2M profit. Auburn in FY '15 finished with a $9M profit, but ran a $13.6M deficit in FY '14 and "hadn’t been in the black" since FY '12. The revenue of $140M is the "highest in the past three years." Ticket sales "across the board" went up by roughly $2M to $32.16M in FY '16. There was an "increase in ticket sales revenue in baseball, both men's and women's basketball, football and softball." Auburn also received a $6.58M increase in "revenues from media rights, which mostly comes from the sharing revenues from the SEC Network." Auburn this past school year brought in $33.9M in radio, TV, Internet digital and e-commerce rights. That number in FY '15 came in at $27.3M (OPELIKA-AUBURN NEWS, 2/16).

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  • Indiana Finishes FY '16 In The Black For 11th Straight Year, Fueled By Record Ticket Profits

    IU in '16 made $17.39M in ticket sales and drew $20.09M in contributions

    Indiana Univ. finished its FY '16 with a net profit of a little more than $1M, marking the 11th-consecutive year in which the department has "finished in the black," according to Zach Osterman of the INDIANAPOLIS STAR. IU finished '16 with revenues exceeding $95.2M, up from $88.36M last year, and "more than double what the department reported" in '07, the last year before Big Ten Network money began "filling coffers across the conference." IU reported "record profits from ticket sales and contributions numbers." IU made $17.39M in ticket sales in '16 and $20.09M in contributions. IU also reported an increase of more than $3M in "rights/licensing" revenues. IU in '15 reported $46.25M under rights/licensing headings. Last year, that number rose to $49.69M (INDIANAPOLIS STAR, 2/16).

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  • The Kennel Club: Tickets To See Top-Ranked Gonzaga Hard To Come By As Season Ends

    Tickets to Gonzaga's last home games were either sold out or substantially marked up

    With Gonzaga atop the college basketball rankings for three straight weeks, all tickets for remaining home games are already accounted for, but fans are "still determined" to find a way into the final three home matchups, according to Whitney Ogden of the Spokane SPOKESMAN-REVIEW. Several fans have "turned to scalpers on Craigslist to find tickets" at the 6,000-seat McCarthey Athletic Center. Tickets to Gonzaga’s last home games were "either sold out or substantially marked up in value on several secondary markets." No tickets were "left to purchase on TickPick and a handful were available on StubHub for as much as $500 apiece" to this Saturday's game against Pacific. Some scalpers on Craigslist were selling tickets to this week’s matchups against the Univ. of S.F. and Pacific for "about $100 apiece." Reselling tickets in secondary markets for a "higher price than the face value -- which never exceeds $40 per ticket, regardless of the Zags’ opponent or the date of the game -- is against Gonzaga’s policy." Most of the seats inside the arena are "already reserved for specific groups of people, such as season-ticket holders and students." Gonzaga Deputy AD & COO Chris Standiford said that the school has "created a system in which fans can still find ways to get inside." Any extra tickets that are not "purchased by students, faculty members or the visiting team at the beginning of each week are sold" to Bulldog Club members for up to $40 on a "first-come, first-serve basis." Gonzaga Associate AD/External Operations Chris Johnson said that every Bulldog Club member has the "opportunity to attend at least one game a year, especially during winter break when 1,200 of the students’ seats are vacant" (Spokane SPOKESMAN-REVIEW, 2/15). 

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