[Roberton3]

http://www.baltimoresun.com/business/und...story.html

$25 million from Plank (Under Armour founder) as part of a planned $155 million athletics complex.

http://www.baltimoresun.com/business/und...story.html

Lots of corporate jet use

http://www.nytimes.com/2015/08/26/sports....html?_r=0

$33 million in cash and gear

BC

Interesting.  Thanks for posting these.  I knew Plank had made a big pledge toward the Cole Field House renovation, but didn't know the details.

I'd still point out that despite that money coming in, the athletics department has been cutting non-revenue sports and still running brobdingnagian deficits (I couldn't find exact numbers quickly, but my impression is that the annual athletics department deficit has averaged in the low 8 figures recently), during a time when budget cuts are seriously hurting the academic side of the school.

[Roberton3]

http://www.baltimoresun.com/business/und...story.html

$25 million from Plank (Under Armour founder) as part of a planned $155 million athletics complex.

http://www.baltimoresun.com/business/und...story.html

Lots of corporate jet use

http://www.nytimes.com/2015/08/26/sports....html?_r=0

$33 million in cash and gear

BC

Interesting.  Thanks for posting these.  I knew Plank had made a big pledge toward the Cole Field House renovation, but didn't know the details.

I'd still point out that despite that money coming in, the athletics department has been cutting non-revenue sports and still running brobdingnagian deficits (I couldn't find exact numbers quickly, but my impression is that the annual athletics department deficit has averaged in the low 8 figures recently), during a time when budget cuts are seriously hurting the academic side of the school.

[CTcard]

I'd still point out that despite that money coming in, the athletics department has been cutting non-revenue sports and still running of exceedingly large proportions deficits (I couldn't find exact numbers quickly, but my impression is that the annual athletics department deficit has averaged in the low 8 figures recently), during a time when budget cuts are seriously hurting the academic side of the school.

A couple of notes about AD budgets and deficits.

First of all, and rather obviously, don't believe anything an AD publishes on its own. These are full of unregulated accouting tricks and the income side of the budget often includes vast subsidies from the regular university budget. So plenty of places of "balanced budgets" that include these multimillion dollar subsidies inside the plus side of the budget ledger.

The best source I know of for trying to figure out what is going on is the annual report published by the USA Today. The numbers come from reports the schools are required to file with the NCAA, based upon accounting rules set by the NCAA, and the USA Today obtains them from Freedom of Information requests. That means private schools are not included, but basically every public school is.

Here is the latest available:
http://sports.usatoday.com/ncaa/finances/

I suggest sorting by the category called "Total Subsidy". That is a combination of money coming into the AD by student fees and transfers from the general university budget (i.e. from tuition and general state allocations).

Sorted that way, Maryland is 41st on this list, with a mere $18 million subsidy. This is not in the ball park of fellow new Big Ten member Rutgers, who leads the country with a subsidy of $36.3 million (shouts from New Jersey of "We're #1).

I personally am rather concerned with #4, #2 BCS school, UConn coming in at $27.2 million. That's the result of trying to move to get invited into a Power 5 conference but still no one would have you. And of course, similar to other places lately, that comes complete with layoffs + increased student numbers to deal with a couple million dollar budget deficit.

[CTcard]

I'd still point out that despite that money coming in, the athletics department has been cutting non-revenue sports and still running of exceedingly large proportions deficits (I couldn't find exact numbers quickly, but my impression is that the annual athletics department deficit has averaged in the low 8 figures recently), during a time when budget cuts are seriously hurting the academic side of the school.

A couple of notes about AD budgets and deficits.

First of all, and rather obviously, don't believe anything an AD publishes on its own. These are full of unregulated accouting tricks and the income side of the budget often includes vast subsidies from the regular university budget. So plenty of places of "balanced budgets" that include these multimillion dollar subsidies inside the plus side of the budget ledger.

The best source I know of for trying to figure out what is going on is the annual report published by the USA Today. The numbers come from reports the schools are required to file with the NCAA, based upon accounting rules set by the NCAA, and the USA Today obtains them from Freedom of Information requests. That means private schools are not included, but basically every public school is.

Here is the latest available:
http://sports.usatoday.com/ncaa/finances/

I suggest sorting by the category called "Total Subsidy". That is a combination of money coming into the AD by student fees and transfers from the general university budget (i.e. from tuition and general state allocations).

Sorted that way, Maryland is 41st on this list, with a mere $18 million subsidy. This is not in the ball park of fellow new Big Ten member Rutgers, who leads the country with a subsidy of $36.3 million (shouts from New Jersey of "We're #1).

I personally am rather concerned with #4, #2 BCS school, UConn coming in at $27.2 million. That's the result of trying to move to get invited into a Power 5 conference but still no one would have you. And of course, similar to other places lately, that comes complete with layoffs + increased student numbers to deal with a couple million dollar budget deficit.

[terry]

Les Miles?

Calling Cowboy Indian . . .

Shouldn't that be Fewer Miles?

[terry]

Les Miles?

Calling Cowboy Indian . . .

Shouldn't that be Fewer Miles?

[BostonCard]

Speaking of athletics budgets, the Washington Post had a very in depth article about the effect of increased money (from television) on the budgets of athletics departments.

http://www.washingtonpost.com/sf/sports/...ge%2Fstory

The short version is that more money coming in has led to more spending.  I know, how surprising.  Maryland went from a $42 million in revenues in 2004 to a $55 million in revenues 10 years later, running a deficit of $17.6 million (looks like they are using the same numbers as USA Today). They don't show the deficit in 2004, but the revenue/spending lines diverge, so the deficit has been widening.

BC

[BostonCard]

Speaking of athletics budgets, the Washington Post had a very in depth article about the effect of increased money (from television) on the budgets of athletics departments.

http://www.washingtonpost.com/sf/sports/...ge%2Fstory

The short version is that more money coming in has led to more spending.  I know, how surprising.  Maryland went from a $42 million in revenues in 2004 to a $55 million in revenues 10 years later, running a deficit of $17.6 million (looks like they are using the same numbers as USA Today). They don't show the deficit in 2004, but the revenue/spending lines diverge, so the deficit has been widening.

BC