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Jeff Drummond
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Jeff Drummond
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Chris Fisher
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Chris Fisher
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Jeff Drummond
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Jeremy Grey said...
Many interesting story lines in these numbers. Really interesting stuff.
Kyle Tucker was honing in on one interesting angle, the degree to which many universities subsidize their athletics departments on the backs of their students via exorbitant fees earmarked for athletics. I'm glad that UK doesn't do that.
Eric Crawford noticed that UofL's donations were about twice as much as UK's. UK gets considerably more via its media package with IMG. UK and UofL both spent significantly more on basketball recruiting than football recruiting, even though football signing classes are about 5x larger than basketball signing classes.
Also, the revenue numbers for the schools with the top end football programs are absolutely staggering.
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dvillepro1 said...
From what I have been reading the reason Lvill had such a high amount of money from donations was because they were getting the money to build the YUCK CENTER. So the donations look alot higher than UK's for 2 to 3 yrs. That could be wrong but it would make since. UK has 100 times the fans and a much larger pool to get donations from. ??????????
This post was edited by A_Cat on 5/15/2012 at 1:10 AM
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A_Cat said...
Jurich has done an amazing job tapping into the Louisville business community to prop up UofL's AD. Luxury boxes and club seats are sold to big wigs and corporations. Plus, naming rights and a sweet heart deal at YUM! center are funding UofL AD. The Cincy Bengals have a similar deal with the city and most taxpayers are livid. UL will be on the end of that rage in a few years. In short, your average Joe UL fan isn't funding UL sports.
I also found it interesting that funds from the students, general university fund and taxpayers are subsidizing UL's AD at an 11.5% clip or roughly $10 million a year. If Jurich doesn't get that cash from the student fees, UL general fund and taxpayers he's running in the red. I'd like to see some political pressure put on UL to use the funds for academics and not supplementing a capable AD.
On the other hand, UK AD gets next to no financial support from student fees, university funding or taxpayers. Only 1% or 800k of the total budget. All the while UK AD donates $1 million to the general scholarship fund and gives the University a cut of the merchandise sales. You think we could afford a new baseball complex/upgrade FB facilities with 10 million in state funding and student fees every year?
The playing field needs to be leveled.
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usa1000 said...
Many people think Jurich is some great financial AD. This couldn't be further from the truth. His department would be hugely in the RED if not for University and State subsidies. He runs a deficit and expects others to pick up the bill. These are the things that come back to bite you long term just like it is biting politicians and our country currently. You can't spend more than you generate year after year.
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Jeff Drummond said...
You could see something happening in the future where you have Cal's suggested "super-conferences" made up of the schools that can bring in the highest dollar to operate, with other schools competing in lower divisions of their own. It will be like the old I-AA, but will feature many more schools that are currently considered "majors." I don't think it's a matter of if, but when.
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hoptownukfan
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Tskware said...
That will be a sad day. College sports has become more and more like business and more like professional sports. Our local basketball team makes more off season roster moves than the Boston Celtics, and probably pays its coach more.
Not saying anyone is doing anything wrong or illegal . . . but nothing says I have to like it or keep buying tickets or even watching it either.
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zcats said...
What gives with the discrepancy in the contributions and endowment lines? Is this all from UL milking the season ticket holders with the new facilities? I wonder what the numbers looked like before the YUM center and since it is owned by an entity called the Louisville Arena Authority. I don't understand the actual owners or principles of LAA. But if UL doesn't have ownership of YUM then why is there such a difference in the asset line? is PJ Stadium worth 75 mill more than Commonwealth?
hoptownukfan
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PHCD said...
Same here.
The day college athletics becomes four 16 team conferences will be the day I drop all UK season tickets. Why support it when it will be no different from professional sports.
Jeff Drummond
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Jeff Drummond said...
If some schools cannot keep pace, what's the point of having them in the same bracket? Money has always been a factor. It's just reached a point now where it's nuts for certain schools to even try to keep pace. You can make a very logical argument for having a class system with a "super-conference" and then a (for example) Class 2A, 3A, etc.









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