CFB revenues & profit, interesting read

CashMoneyCane

Mahoney 7
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Mar 9, 2017
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I'm gonna guess no one reads:

"Of course, these are only balances for the schools’ football programs, not their entire athletic departments. In the case of profits, they are commonly spread around to subsidize the schools’ Olympic or “non-revenue” sports, the vast majority of which run at deficits, some of them substantial."

So, for all the "mIAmI haaazz muhhney" morons on here, this is exactly what I've been saying for a good year now.
 

canespimp433

Ray Guy Award Recepient
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Nov 5, 2011
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7,192
I'm gonna guess no one reads:

"Of course, these are only balances for the schools’ football programs, not their entire athletic departments. In the case of profits, they are commonly spread around to subsidize the schools’ Olympic or “non-revenue” sports, the vast majority of which run at deficits, some of them substantial."

So, for all the "mIAmI haaazz muhhney" morons on here, this is exactly what I've been saying for a good year now.
In your diatribe a few months back, you also showcased little grasp of the difference between accounting profits and cash flow, and claimed investment banks worked with rich families for their clients (or something nonsensical to that nature). Despite your bluster, you seem to have little to show for it.

Miami's largest expense as shown is reimbursement to the broader University for the "cost" of athletic scholarships. This is an accounting expense, not a true cash cost, used as a way to move dollars to where the school prioritizes budgeting them. So yes Miami has a ton of money, where we choose to direct it (athletics vs. other projects) is a different debate.
 

DTP

Section 102
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Dec 30, 2015
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4,470
Shows how few football programs nationwide actually make money. That list was only the the 65 P5 conference teams and even a handful of those had net losses in football. Every G5 program is losing money. Every FCS, D2, D3 program is just a money pit. Although their costs are significantly lower.
 

Gatorhater

All-American
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May 17, 2013
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14,683
Clemson spent like drunken sailors and got two NC for it. We should throw another ten million back into the football program. We would still have larger profit than them. Them and Bama get a real return on investment and both spend the most.

UT is a fine school but it’s fans are dum as crap to keep shelling out big bucks for that crap. At least we know to close wallets and spend on banners when needed. Watching Mark leave of his own free will was a return on our investment in banners for Al.
 

HurricaneU

Senior
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Jan 28, 2013
Messages
2,631
In your diatribe a few months back, you also showcased little grasp of the difference between accounting profits and cash flow, and claimed investment banks worked with rich families for their clients (or something nonsensical to that nature). Despite your bluster, you seem to have little to show for it.

Miami's largest expense as shown is reimbursement to the broader University for the "cost" of athletic scholarships. This is an accounting expense, not a true cash cost, used as a way to move dollars to where the school prioritizes budgeting them. So yes Miami has a ton of money, where we choose to direct it (athletics vs. other projects) is a different debate.
 

CFLCane

Junior
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Nov 28, 2016
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3,522
I don't recall UM ever publicly posting anything official regarding athletic budgets or salaries. Most of these type of articles just speculate on private university figures.
 

CFLCane

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Nov 28, 2016
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Clemson spent like drunken sailors and got two NC for it. We should throw another ten million back into the football program. We would still have larger profit than them. Them and Bama get a real return on investment and both spend the most.

UT is a fine school but it’s fans are dum as crap to keep shelling out big bucks for that crap. At least we know to close wallets and spend on banners when needed. Watching Mark leave of his own free will was a return on our investment in banners for Al.
In true miami fashion we spent all our money on cocaine and gold turnover chains.
 

jmccomber5

Senior
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Jun 13, 2012
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3,403
Do TV contracts figure into this? Early estimates are that ACC school will be in the $10mm per school range. Certainly can't hurt
 
Joined
Feb 7, 2013
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Clemson spent like drunken sailors and got two NC for it. We should throw another ten million back into the football program. We would still have larger profit than them. Them and Bama get a real return on investment and both spend the most.

UT is a fine school but it’s fans are dum as crap to keep shelling out big bucks for that crap. At least we know to close wallets and spend on banners when needed. Watching Mark leave of his own free will was a return on our investment in banners for Al.
wut
 
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