Should rich kids get a tax subsidy to attend University of Utah?

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May 22, 2019
3:42:38pm

Richbyu Contributor

Should rich kids get a tax subsidy to attend University of Utah?

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Richbyu

Bio page: Richbyu
Joined: Feb 1, 2018
Last login: Oct 19, 2019
Total posts: 4,576 (20 FO)

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Messages

Author

Time

An important piece of the revenue puzzle that was left out of yesterday's

BYUMizzou

5/21/19 9:30am

AND... since our program doesn't have any debt, we avoid large principle and interest payments each year.

HarlemCoug

5/21/19 9:38am

Some forget how significant that is.

Everyman

5/21/19 9:50am

Cal has an enormous debt because of stadium renovations. It looks great, but

Benfica1

5/21/19 9:56am

And all the smart people are supposedly at that school 🤷‍♂️

5/21/19 5:28pm

As of 2017, Utah was spending $6.5 million per year on debt service

BYUMizzou

5/21/19 9:58am

how much on former offensive coordinators?

Cougarclaw

5/21/19 10:05am

and former basketball coaches 🙂

Cougar76

5/21/19 10:13am

I know we're not paying any former OCs

displacedute

5/21/19 10:57am

This raises an interesting question. WHo is paying for the renovation of LES?

Scratch

5/21/19 12:13pm

Generally it's donors that pay for these kind of things

ManicBlue

5/21/19 12:35pm

Utah usually does some of both, donations plus some bonding.

Scratch

5/21/19 12:47pm

Donors. An example being how long it took to get the bball facility started.

kccougar

5/21/19 12:59pm

I was told Mexico would pay for it

Hill4Heisman

5/21/19 3:02pm

They are just paying for improvements to the wall.

CougarThug

5/21/19 10:55pm

Any projects that happen at BYU are talked about, planned for

Heinz57

5/21/19 3:03pm

AND ... since BYU typically has an endowment set up to fund any maintenance and

ManicBlue

5/21/19 12:42pm

So the real difference between BYU & Utah's total revenue is a subsidy?

CaliWG

5/21/19 9:46am

Yes. Despite getting handed a check for $33 million from the P12, Utah still

BYUMizzou

5/21/19 9:49am

And even then BYU makes more money if you factor in Utah's debt payments

sunjieming

5/21/19 10:57am

Boom. Wish more people could understand this.

LegitCoug

5/21/19 9:51am

Are we certain 100% of BYU’s AD revenue stays with athletics?

SlantRoute

5/21/19 10:01am

This is what TNT would assume

TNT

5/21/19 10:26am

I would really hope much of that money goes elsewhere for all schools

Pretorian

5/21/19 4:20pm

Wonder what BYU would do with an extra $10M-$20M of annual revenue?

Dr T-bone

5/21/19 10:04am

You could hire better assistant coaches/coordinators

ThugMormon

5/21/19 5:13pm

They can do that now with $10.5M surplus, they choose not to.

NorCal_Coug

5/21/19 7:58pm

Probably true. Sad

ThugMormon

5/22/19 5:15pm

Have a $20.5M budget surplus instead of a $10.5M one?

NorCal_Coug

5/21/19 7:57pm

So what's your conclusion that BYU doesn't get a subsidy based on? Do you know

Scratch

5/21/19 10:18am

Heck, even Ryan Teeples, a massive BYU homer in an article lauding BYU's

Scratch

5/21/19 10:20am

Money from BYUTV is directly based on revenue generated from BYU athletics

SlantRoute

5/21/19 10:32am

Are you saying that BYUtv is legitimately generating like $20M per year for

Scratch

5/21/19 10:47am

Just looked at the numbers, and here's part of the problem. Two years ago, BYU

Scratch

5/21/19 10:59am

BYUTV broadcasts football, b-ball, soccer, vball, baseball, gymnastics, etc.

SlantRoute

5/21/19 11:07am

You really think that generates close to $20M of revenue? So why don't all of

Scratch

5/21/19 11:56am

You think other schools could pull off what BYU pulls off?

SlantRoute

5/21/19 12:12pm

I bet BYUTV bleeds money... it might have a "global reach" but if they were

relic

5/21/19 2:00pm

They don’t bleed money. You’d be surprised

SlantRoute

5/21/19 6:13pm

Texas is not losing money...the LHN & ESPN may be but TX gets their $20M

BYUFam1

5/21/19 8:08pm

Easily. Other schools don't have interest in those sports like BYU does

Gustav

5/21/19 12:13pm

You think BYU has the most interest in those sports? More than Texas or Notre

Scratch

5/21/19 12:16pm

Deep breaths Scratch... Deep breaths.

IceBlue

5/21/19 12:22pm

BYU is more fiscally responsible than Texas

SlantRoute

5/21/19 12:25pm

Correct. Raise your hand if you’ve watched LHN. Now BYUTV.

SlantRoute

5/21/19 12:27pm

Another reason most schools do not do it is because they granted their rights

BYUFam1

5/21/19 8:13pm

Notre Dame and Texas women's soccer attendance combined is only two-thirds BYU's

Gustav

5/21/19 12:34pm

So do you think BYUTV is generating tens of millions of dollars through those

Scratch

5/21/19 12:49pm

Money adds up

Gustav

5/21/19 12:59pm

I suspect the fact that the numbers fly in the face of reason is bugging him.

displacedute

5/21/19 1:11pm

BYU making almost as much money off of non-revenue sports as it makes off of

Scratch

5/21/19 1:12pm

Of cpurse they make a lot off them. BYU has a TV station

Gustav

5/21/19 1:15pm

RE: Of cpurse they make a lot off them. BYU has a TV station

displacedute

5/21/19 2:10pm

It's OK. Women's soccer and volleyball are just more valuable than football and

Scratch

5/21/19 2:18pm

The PAC12 Network makes $127M per year revenue. You are arguing BYUtv makes none

Richbyu

5/21/19 2:48pm

That's revenue. I'm sure BYUTV has some revenue thanks to Rhodes Rolls.

Scratch

5/21/19 3:00pm

BYUtv is outside of funding for BYU sports

Heinz57

5/21/19 3:06pm

LHN contract is $295M for 20 years plus payment of estimated $26M/yr in

Gustav

5/21/19 3:40pm

So are the P12 media right payouts a subsidy to Utah?

BYUFam1

5/21/19 8:20pm

Here’s the thing...

DocPimp

6/22/19 9:11pm

Is this a real question or a question based off a U of U education?

YbeatsU

6/24/19 1:08pm

Doesn't the PAC12 Network make $127M in revenue? And we have Utes arguing that

Richbyu

5/21/19 2:45pm

RE: Doesn't the PAC12 Network make $127M in revenue? And we have Utes arguing

displacedute

5/21/19 2:46pm

I Repeat. The PAC12 Network makes $127M per year. BYUtv can easily make $20M.

Richbyu

5/21/19 2:49pm

My favorite thing is how half of the people insist that BYUTV must generate tens

Scratch

5/21/19 3:36pm

We can look at the PAC12 Network as an indicator... PAC12 gets $28,065,116 from

Richbyu

5/21/19 4:04pm

I'm saying BYU gets like $4.5M for TV and radio rights. Now let's pretend that

Scratch

5/21/19 4:15pm

We are going on BYU's actual accounting disclosure.... Not LDS Ute conjecture.

Richbyu

5/21/19 4:30pm

LOL. We know that BYU makes about $4.5M/year for all of its media rights.

Scratch

5/21/19 4:45pm

We both share a passion about BYU athletics. Ask an accountant for help.

Richbyu

5/21/19 5:05pm

Uh, yeah, those are among the disclosures that I've been discussing.

Scratch

5/21/19 5:15pm

Ask an accountant to help you understand what they are saying.

Richbyu

5/21/19 7:03pm

PS, are you still doing records requests for EVERY BYU football contract?

Richbyu

5/21/19 5:07pm

I never requested all of them, nor have I requested any for many years ever

Scratch

5/21/19 5:18pm

And by the way, over the years I’ve requested lots of documents from lots of

Scratch

5/21/19 5:25pm

It's a bit odd that Ute fan makes so many information requests pertaining to BYU

Richbyu

5/21/19 7:04pm

I don't have the history that you do...are you being serious in this comment?

SwisshQiumi

5/21/19 7:53pm

If so...Scratch loses a lot of points for impartiality...

SwisshQiumi

5/21/19 7:54pm

Yes. Scratch is obsessed with BYU like few others.

kccougar

5/21/19 10:10pm

RE: Of cpurse they make a lot off them. BYU has a TV station

Gustav

5/21/19 3:29pm

Scratch head 'asplode

ArchbishopMitty

5/21/19 1:21pm

NO.. look at the sponsors those advertising in it... most of it is pretty

relic

5/21/19 3:36pm

Are you including the separate streaming advertising?

Richbyu

5/21/19 4:09pm

That's a good point.. I wonder if those local advertisers know they Might not be

relic

5/21/19 6:05pm

You are bringing up really good points that deserve answers

5/21/19 12:17pm

Understood, but that's as to BYUTV, not the BYU AD. The point is that the

Scratch

5/21/19 12:38pm

BYUTV is much more widely distributed than the LHN.

Superman21

5/21/19 12:17pm

If Rhodes Rolls hooked up with Amazon to bring you piping hot, fresh buns....ca-Ching

Q-grr

5/21/19 12:26pm

BYUtv and BYU School of Broadcast Journalism have very large endownments,

Rocketman

5/21/19 7:07pm

Teeples was just guessing. That's the only article and only place that anyone

BYUMizzou

5/21/19 10:55am

I know, let's have the State of Utah audit BYU and we can find out for sure.

displacedute

5/21/19 10:59am

If Utah didn't want to be subject to state audit, it can stop taking state funds

BYUMizzou

5/21/19 11:02am

That doesn't say what you claim it says. And taking state funds has nothing to

Scratch

5/21/19 11:04am

I don't have any problem with Utah being periodically audited.

displacedute

5/21/19 11:11am

far from pointless

yahtzee

5/21/19 11:46am

It was driven by non-BYU fans

Gustav

5/21/19 11:49am

It’s your tax money...

DocPimp

6/22/19 9:16pm

Someone so sad

5/21/19 12:59pm

Teeples couldn't have looked up a subsidy on that website because it doesn't

Scratch

5/21/19 11:03am

Here is the official statement from the school about BYU athletics being self funded.

HarlemCoug

5/21/19 11:00am

All BYU tuition is funded by tithing, but that's not specific to athletics.

displacedute

5/21/19 11:06am

BYU itself reports receiving a massive "tuition allocation." While it's not 100%

Scratch

5/21/19 12:02pm

RE: BYU itself reports receiving a massive "tuition allocation." While it's not

SUAVO

5/21/19 8:15pm

Revenue from BYUtv is revenue, it’s a part of BYU...

icecougar

5/21/19 12:02pm

Doesn't BYU have 2 recent billionaire boosters?

Richbyu

5/21/19 2:42pm

This is great research. I wonder when the Trib will write this up.

5/21/19 10:20am

Those MWC and AAC amounts can't be sustainable.

StantonMac

5/21/19 10:40am

Are you sure the subsidy is included in revenue? Also, looks silly to want to go

Odysseus

5/21/19 11:21am

Mountain West! Mountain West! Mountain West!

Q-grr

5/21/19 11:29am

Wrong. BYU allocates at least 7 Million a year in 'Tuition Allocation'.

Tango

5/21/19 11:45am

And... Athletics makes no money from BYUTV. Just Exposure

Tango

5/21/19 11:47am

I'd bet it was very little.. if anything...

relic

5/21/19 3:40pm

Independence for now is financially sustainable but I don’t think it is..

icecougar

5/21/19 11:47am

Home schedules from this year on in general appear much better than "lackluster"

JackStack

5/21/19 12:58pm

A tiered bowl agreement would be a real benefit and an incentive...

icecougar

6/23/19 2:17pm

Well, sounds like we urinated farther again. 🤦🏽‍♂️🤷🏽‍♂️

BOOHOLE

5/21/19 12:39pm

given that the lds church subsidizes scholarship as well as the cost of

DJROSS

5/21/19 1:30pm

Great info. Where does "tuition allocation" (17% in 2015) fall in that

5/21/19 1:41pm

RE: Great info. Where does "tuition allocation" (17% in 2015) fall in that

Scratch

5/21/19 1:49pm

My guess is that's CPA speak for athletic, Grad assist. and depend.scholarships.

cdr88

5/21/19 2:27pm

Great info. I'm sure Utes will argue that tithing subsidies of tuition are de facto subsidies to athletics since

Bob Vance

5/21/19 5:47pm

As are taxpayer subsidies for state schools

baldcoug74

5/21/19 6:51pm

Correct. BYU gets a BILLION $ in tithing $ annually. Money is fungible and

ALUF 1990

5/21/19 7:52pm

Your Ute education probably didn’t prepare you to understand the economics behind the decision. Don’t beat yourself up

5/21/19 7:55pm

Seriously. Do you think wealthy members should get a HUGE tithing subsidy for

ALUF 1990

5/22/19 12:05pm

Should rich kids get a tax subsidy to attend University of Utah?

Richbyu

5/22/19 3:42pm

Tax subsidy is pennies compared to tithing billion. That is why BYU costs less

ALUF 1990

5/22/19 11:19pm

Iink?

yahtzee

5/23/19 8:42am

lies

HarlemCoug

5/21/19 9:33pm

If it really blows your mind I don't know what to say.

kccougar

5/21/19 10:14pm

Link?

yahtzee

5/21/19 10:54pm

Sign me up for that rate of return!

provofan

5/22/19 12:15am

Considering how financially successful the FB program and how scrooge-like the

Pretorian

5/22/19 5:46am

how embarrassing is it that we can't beat the school where they teach this

riboflavin

5/22/19 9:49am

Very. At first I thought he was being facetious. But that's embarrassing.

Unibro

5/22/19 10:10am

Thank you, Judas. John 12:4-6

TheLoanArranger

5/22/19 11:59am

Nice piece of info

Cougarpride

5/21/19 7:49pm

Why do Utah and CU have such high subsidies compared to other pac12 schools?

GOR

5/21/19 8:07pm

they suck

JackStack

5/21/19 8:32pm

For whatever reason, they can't charge students enough money to cover their costs

Bob Vance

5/21/19 9:19pm

Doesn’t Cal operate in the red big time?

andrewg3

5/21/19 11:39pm

Short answer, yes. Long answer was in a linked article up top.

cougstyle

5/21/19 11:44pm

Quick story to illustrate a simple point...

DocPimp

5/21/19 11:48pm

Clearly a doc and not an MBA.

kccougar

5/22/19 6:55am

I fully admit what I know about business I know from Shark Tank...

DocPimp

5/22/19 7:55am

hahahahahhahaha. that's a very embarrassing thing to admit.

riboflavin

5/22/19 9:50am

Not for me, I’m definitely not a know it all

DocPimp

5/22/19 10:17am

Hmmm, nice try.

Benfica1

5/22/19 12:36pm

Facts are facts...

DocPimp

5/22/19 5:30pm

When are you guys going to renovate your basketball arena?

Richbyu

5/22/19 6:10pm

It’s a perfect palace for 80k

ThugMormon

5/22/19 8:48pm

Have no idea...

DocPimp

5/22/19 10:18pm

It's had numerous significant renovations, including a major one 4-5 years ago.

Scratch

5/22/19 10:26pm

...when they got half of the door handles replaced to feature in a promo video

BYUFam1

5/23/19 8:41am

Have you been to BYU lately, or ever?

provofan

5/22/19 7:39pm

I honestly haven’t...

DocPimp

5/22/19 10:17pm

<< Deleted >>

TempeCoug

6/23/19 12:23pm

I think this is 'your truth' (i.e. your opinion).

Benfica1

5/23/19 8:52am

This is like Wyoming calling themselves the premier public school in the state..

ray ray

6/23/19 9:24am

So what you're saying is USU does more with a lot less! That's comforting...

baishel44

5/22/19 10:34am

Lol, this post really brought out the Crimson Crusaders in force...

jaromp

6/22/19 11:22pm

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