I was part of a thread about the USA Today revenue rankings, so I dove a little further into things. I created a table of 2012 net profit (Revenue - Expenses - School Subsidies), then went through and tagged all the major programs below us. It's a little sobering (please excuse the formatting didn't have time to HTML a table).
Having seen this, I'm glad that we have made investments in locker rooms, upcoming indoor practice facilities, etc as I definitely got the feeling that we need to up our game. That and I am tremendously jealous of the Big 10 network and SEC TV contracts. What are your thoughts?
- #39 Virginia Tech -$3,912,255
- #54 Wisconsin -$5,599,619
- #70 California -$6,913,070
- #73 Minnesota -$6,961,066
- #74 Louisville -$7,087,477
- #79 Iowa -$7,299,346
- #87 Virginia -$7,733,412
- #104 North Carolina -$8,589,435
- #141 Boise State -$10,572,343
- #160 East Carolina -$12,435,853
- #166 Colorado -$13,073,774
- #191 Maryland -$17,211,063
- #194 West Virginia -$17,395,331
- #195 Cincinnati -$17,485,828
- #199 Oregon State -$17,839,614
- #206 Missouri -$18,197,168
- #217 Central Florida -$21,428,151
- #227 Rutgers -$27,996,056
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So Rutgers had $27M in net profit? I'm confused.
sorry, not a dash we and everyone below us are all negative.
so we lost $4M this year?
in 2012, yes...$4 million is what the school spent on the athletic department after all revenues and expenses were accounted for.
But that $4m doesn't include subsidies, such as the $136 Athletic Fee that each full-time student pays.
Actually, VT has a total subsidy of about $7 million according to USA Today. The school basically gets $3 million of that back every year from athletic department operations...the negative $4 million profit is another way of saying net subsidy.