Looking at USA Today's college athletic department database. Some things pop out to me:
From 2011 to 2013, UC's revenue has increased from 42.7 to 61.9 million, and expenses have increased from 43.7 to 59.5 million. That's a 45% increase in revenue and a 36% increase in expenses. During this time, our TV revenue has decreased and our tuition (the biggest expense) I believe has been relatively flat (isn't there a tuition freeze right now?).
Looking at our closest peers in this timespan:
UConn's revenue grew by about 300k and expenses grew 400k (about 0.5% increase)
USF's revenue grew by about 3.1 million (7%) and expenses grew 1.8 million (3%)
What is going on here? Where are all these increased expenses coming from? Are we hiring more coaches, starting new sports, or giving everyone big raises? The athletic department continues to be heavily subsidized by the university (over $20 million/year), so if revenues are growing then shouldn't we be decreasing the subsidy rather than increasing expenses? And what is causing revenues to rise so steeply for us compared to our peers?
Any insight that anyone can add would be helpful.
From 2011 to 2013, UC's revenue has increased from 42.7 to 61.9 million, and expenses have increased from 43.7 to 59.5 million. That's a 45% increase in revenue and a 36% increase in expenses. During this time, our TV revenue has decreased and our tuition (the biggest expense) I believe has been relatively flat (isn't there a tuition freeze right now?).
Looking at our closest peers in this timespan:
UConn's revenue grew by about 300k and expenses grew 400k (about 0.5% increase)
USF's revenue grew by about 3.1 million (7%) and expenses grew 1.8 million (3%)
What is going on here? Where are all these increased expenses coming from? Are we hiring more coaches, starting new sports, or giving everyone big raises? The athletic department continues to be heavily subsidized by the university (over $20 million/year), so if revenues are growing then shouldn't we be decreasing the subsidy rather than increasing expenses? And what is causing revenues to rise so steeply for us compared to our peers?
Any insight that anyone can add would be helpful.
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