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WVU's expenses are about to go up by a fair amount you'd think, what with having to travel longer distances and paying back Texas for taking care of the Big East exit fee
Not to mention they had to pay off FSU because they were too scared to play them.
Man, we are leaving a ton of money on the table with our football program. just curious about what is being calculated for revenue as I see WVU's revenue dropped $10M in a single year. Bowl game revenues/expenses?
WVU's athletic program is on severe decline. They are TV kryptonite (see Tabe's posts in the realignment thread detailing this) and their fans only show up when it's not raining.
This post was edited by jsh 2 years ago
[nola]Clearly that data doesn't count, since in 2010-2011, we didn't have the greatest head coach, DH, and therefore revenue was down[/eer]
See you lack an understanding of basic economics.. That is the problem with this country as a whole.
Now when you look at profits, which means the athletic dept. at the said school is well run, you see that WVU is like 23rd. Far, far ahead of FSU, and those other ACC teams you link.
Economics is not just generating revenue. If it cost you more to generate revenue than you make, than you are losing money. I dont know Why I bother. Obviously economics 101 is not a required course at Maryland.
In any event, WVU's REVENUE is about to DOUBLE from going from the BE to the Big 12.
WVU's donations and season ticket sales have skyrocketed=more revenue.
But even looking at WVU's BE revenue, WVU's athletic dept. still did exceptionally well. it was near the top in profits, had two very successful revenue sports, all while playing in a conference that paid by far the least amount of money.
That shows you an AD who knows about economics. Profits are what counts. not revenue. Oh, and WVU built a top notch basketball practice facility too during that time period. So it was not
shortchanging its sports to make a profit.
So I think I can safely say that the WVU AD understands economics better than the Maryland AD, and that certainly trickles down to me and you JSH. You showed your lack of understanding by focusing on revenue, which is irrelevant. If you spend a large chunk of your revenue on poor coaches, then that would be a poor investment strategy.
This post was edited by Nolaeer 2 years ago
Many of Pitt's 58 "rushing attempts" were the result qb Tino Sunseri fleeing the pocket like a man whose clothes were on fire.
LOL...Nola wrong again. FSU made a bigger profit in 2010-2011 than WVU.
Bump for the hillbilly pedophile.
This is great. Profits are what counts in college athletics. Is West Virginia selling shares and paying those profits back as dividends? Are they skimping on coaching hires so they can preserve their precious profit rather than have a budget which is merely balanced?
But whatever. We've seen these articles in basketball and football, and they really lack context. 2008 was a record setting year. There was a dip in attendance in 2009, but it went back up 2010. In any event, that's seven straight years of attendance being between 46,000 and 47,000. And of course this is like inflation - you have to adjust the numbers. There are three new teams that have joined I-A since 2005, and they all average <20K per game. Drop them out of the calculation and the remaining 117 teams are averaging about 47,500 - about 1,500 more than before. Down a little from 2008, sure, but still, context is key. Same thing with the bowls. Of course the attendance goes down when you add FIU vs Akron in a game in Birmingham or something like that.
This post was edited by Tabe 2 years ago
I am focusing on the previous year-not the one where WVU had to buy out Stew and his entire staff.
of course the current year will be skewed because of the BE settlement. Though WVU did get a BCS Bowl payout and a NCAA bid-which is added revenue(BE has unequal sharing).
But Im pretty sure it had to forfeit that NCAA share as part of the settlement. And the BE is keeping the Orange Bowl money so WVU doesnt have to cut the BE a check.
All in all though, I think we all agree that WVU is one of the best run athletic departments in the country. 23rd in profits the previous year. And in a crappy conference. And even though it is in a small state with few div I prospects, it has had a consistently good football team. For instance, take the last decade(most relevant). WVU was ranked in the final AP poll 7 times, including 5th in 2005, 10th in 2006, and 6th in 2007. It has also won 3 BCS Bowls in that 10 year span. All while mired in the worst conference.
Obviously someone at the school understands economics.
Not a fair comparison because WVU keeps all the couch replacement costs off the balance sheet.
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