Wow WA went from making a $4M profit to losing $6M. Big turn there. Somebody

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Jun 10, 2023
7:43:18am

Nat Gas Man Intervention Needed

Wow WA went from making a $4M profit to losing $6M. Big turn there. Somebody

Is not following their fund accounting principles very well. Oh and that doesn’t count the >$6M they have to pay back this coming year

So now this is the fifth PAC school we have heard about where their AD is in serious trouble. ASU, UofA, Wazzu, CAL and now WA

We also know that UCLA has run into some trouble. I suspect OSU is going to have a problem because of the stadium expansion. Perhaps Utah as well. CO? Well maybe we know the real truth about why people are trying to jump ship

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Nat Gas Man

Previous username: TXSmith
Bio page: Nat Gas Man
Joined: Apr 28, 2010
Last login: Aug 23, 2023
Total posts: 53,749 (638 FO)

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Messages

Author

Time

More reasons to appreciate BYU..

TucsonCatMan

6/10/23 5:53am

How is it that some are spinning "flat" as $32m?

Madam Pattirini

6/10/23 6:15am

It is. The $21M roughly …

TucsonCatMan

6/10/23 7:19am

Agreed, their deal is worth 250 mil per year? Where is this extra 100 mil

6/10/23 8:13am

Depends on if 'flat' is when compared to the average of the previous deal or

RGGeemer

6/10/23 1:59pm

Pretty horrible management to run a massive deficit even in your best case

Gustav

6/10/23 6:29am

They build up a large reserve and lake was a disaster. No games during covid didn’t help

JamieTartt

6/10/23 7:04am

I'm reminded of this excellent financial advice from SNL....

civilcoug

6/10/23 9:59am

I wonder how many FBS athletic budgets actually run in the black

thewaterboy

6/10/23 6:46am

I’ve heard it said that there are only about 25-30 profitable Athletic depts

BamaCoug

6/10/23 6:59am

I'd actually be surprised if it's that many

thewaterboy

6/10/23 7:01am

It's a linked in article, but looks like 18. I'm surprised Purdue makes money,

paulb

6/10/23 7:11am

Choices. Spend less than you make.

GilbertAZCougar

6/10/23 7:29am

Then you lose games. Most money goes toward facilities and coaching. Cut back

chazen

6/10/23 8:41am

So spend and expect someone else to bail you out?

GilbertAZCougar

6/10/23 10:30am

It’s a horrible cycle but that’s why they go into the red

chazen

6/10/23 3:20pm

Obviously, that's only public schools. I'm guessing there's only a couple of

thewaterboy

6/10/23 7:35am

And holy crap Oregon! Nike money is a lot more than I thought.

thewaterboy

6/10/23 7:36am

It isn’t an annual gift. Just so happened to be that year. And I think they are

Nat Gas Man

6/10/23 7:50am

Wow WA went from making a $4M profit to losing $6M. Big turn there. Somebody

Nat Gas Man

6/10/23 7:43am

And that deficit is on top of "support" from the taxpayers. Outrageous.

Brandoblueblood

6/10/23 7:43am

^ hasn’t seen the Ukraine and China money the president makes.

panacablue

6/10/23 9:26am

How much tax revenue do athletics generate for the state?

JamieTartt

6/10/23 12:15pm

Running a church with fluid tithing income is imo much less complex. Church

Flyoverstate

6/10/23 7:53am

Funds are not an issue with BYU sports because no tithing goes to BYU sports

Brandoblueblood

6/10/23 8:11am

It’s goes to sports! BYU education is all subsidized by tithe holders. Those

Magneto

6/10/23 6:24pm

Knowing the tax laws in over 100 foreign countries is pretty complex.

LeGrandBleu

6/10/23 11:14am

Never said it was not complex what the church financial affairs are. It is

Flyoverstate

6/10/23 12:03pm

But "much less complex" than balancing a university athletic budget?

LeGrandBleu

6/10/23 1:55pm

It's insane. Seems like they have no fiscal oversight and each school is

tony

6/10/23 8:08am

And there is very little extra money from the CFP for winning. It mostly covers.

Nat Gas Man

6/10/23 8:21am

Ok this changes in the 12 team playoff I posted the methodology

Nat Gas Man

6/10/23 2:01pm

Utah: that’s nothing a few mandatory student fees can’t cover

panacablue

6/10/23 9:28am

What’s strange is the inconsistent messaging. “Our deal will exceed the B12 &

BlooCoog

6/10/23 9:53am

Love the way the church runs things financially. No excuse for large public

Mitty

6/11/23 3:06pm

Did no one read article? UW actually built up reserves and is using reserves for now.

JamieTartt

6/11/23 3:19pm

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