JohnStOnge wrote:Baldy wrote:
That's the thing they put over JSO's head when its time for him to go back to his room at the Louisiana State Mental Hospital.
Good GRIEF. "Net" is actual revenues minus actual expenditures. And when you calculate it honestly you can't include "school funds" as revenues. What that means is that the school kicks in funds to support the athletic department. That's not revenues generated by the athletic department.
But it's an accounting trick schools use to try to pretend that they're doing OK in FBS.
So let's take Georgia Southern, for instance. In 2012 their total expenses were $11.3 million. Their total reported "revenues" were also $11.3 million. But $2.0 million of those "revenues" were funds the school kicked in to balance things. So, really, the school lost about $2 million on its athletic programs
In 2015 Georgia Southern's "revenues" were way higher. The figure is about $21.1 million. BUT, this time the school kicked in $4.2 million. So the real revenue is around $16.9 million. Meanwhile the expenses were also way higher. The figure is about $20.2 million. So the NET was losing MORE money on its athletic program.
I don't see what's so hard to understand about that.
And it's a common story repeated over and over again among teams that move from I-AA/FCS to I-A/FCS ostensibly so they can make more money. They gain more revenue but they also incur more expenses and what they lose in terms of additional expenses outweighs what they gain in terms of additional revenue.
It's a trick schools in FBS use?
OK, lets take a look at FCS McNeese State for instance. In 2012, their total expenses were $10.1 million. Their total reported "revenues" were $9.7 million. But, $3.8 million of those "revenues" (over 1/3 of their entire athletic budget) were funds the school kicked in to take the athletic program out of the red. Closing in on twice the amount that Georgia Southern had to "kick in" to it's athletic program that same year.
In 2015, McNeese State's revenues were marginally higher at $11.1 million against expenses of $11.2 million. However, the school had to kick in $4.93 million (yes almost $5 million dollars) to balance it's books. So, in 2012 McNeese went from 39% of it's athletic "revenues" coming from "school funds" to almost 45% of its "revenues" coming from "school funds" in 2015.
The comparable numbers for Georgia Southern are 17.5% in 2012 and 19.9% in 2015.
You wanna try explaining this one again?
With regards to your idiotic statement in the 2nd highlight. Not one GSU, App State or Coastal Carolina person on this forum has ever uttered anything even remotely close to what you are claiming. I also challenge you to find any official from any one of those schools making a public statement making that claim. Statements you will find will be comments about playing against better competition and more exposure for the school. You might find a statement saying that the paydays are bigger against P5 schools, but your comment is just ridiculous on its face.
