Manny Navarro goes HAM on the admin!!!!

[Canes2082]

I like the below average pit crew statement

 

[ASUCane]

Dapper: well done.

To translate those tables for the folks, Miami athletics made 5million in profit in one year from men's sports. But it LOST 7 million dollars on women's sports. In other words, you can thank title nine and a bunch of ***** soccer players for not buying out Folden.

Women's sports lose money at virtually every school--just 12.6% of D1 women's basketball programs (43 of 341) turned a profit back in 2011--yet most athletic departments don't retain underperforming coaches in revenue-generating sports.

There are a million good reasons to criticize The U's admin that don't involve spewing sexist, homophobic garbage. You could start with the moronic extension of Golden's contract and Shalala's idiotic equivocations about this season "in many ways" being "Golden's first year."

 

[FullyERicht]

Title IX is a disgrace. I understand that all women's sports lose money. But when you are at a school that loves to pretend it's poor, and you see that football is producing a 5 million dollar yearly profit, and yet you are stuck with trash coaches bc that profit need to go towards some fish eater who generates no income for the school, it tends to **** people off.

 

[Ghandi]

Dapper: well done.

To translate those tables for the folks, Miami athletics made 5million in profit in one year from men's sports. But it LOST 7 million dollars on women's sports. In other words, you can thank title nine and a bunch of ***** soccer players for not buying out Folden.

So what's in those numbers exactly?

Are they counting the tuition dollars (and other costs)?

This is CFB, the input costs (and what they invest in) are not equal.

 

[FullyERicht]

Football makes a profit.

And yet our athletic department is in the red bc women's sports are SUCH a drain that it not only completely eats into our profits but we have to borrow money/get donations.

As a result, we get no money to improve our football program. I have to watch my beloved program wallow in mediocrity so that programs NO ONE CARES ABOUT can exist? That's outrageous.

 

[FullyERicht]

Dapper: well done.

To translate those tables for the folks, Miami athletics made 5million in profit in one year from men's sports. But it LOST 7 million dollars on women's sports. In other words, you can thank title nine and a bunch of ***** soccer players for not buying out Folden.

So what's in those numbers exactly?

Are they counting the tuition dollars (and other costs)?

This is CFB, the input costs (and what they invest in) are not equal.

It's a simple balance sheet.

Tuition etc is included in "expenses" and "operating expenses".

When you are a 50k a year school that has a bunch of women "athletes" on scharship, those expenses add up. Football itself generates a surplus each year, enough to pay a Saban level salary on top of an Al Golden and Jim L salary.

But those profits immediately get whiped out by the -7mil drain women's sports have.

 

[Ghandi]

Dapper: well done.

To translate those tables for the folks, Miami athletics made 5million in profit in one year from men's sports. But it LOST 7 million dollars on women's sports. In other words, you can thank title nine and a bunch of ***** soccer players for not buying out Folden.

So what's in those numbers exactly?

Are they counting the tuition dollars (and other costs)?

This is CFB, the input costs (and what they invest in) are not equal.

It's a simple balance sheet.

Tuition etc is included in "expenses" and "operating expenses".

When you are a 50k a year school that has a bunch of women "athletes" on scharship, those expenses add up. Football itself generates a surplus each year, enough to pay a Saban level salary on top of an Al Golden and Jim L salary.

But those profits immediately get whiped out by the -7mil drain women's sports have.

I'm not trying to argue your Title IX viewpoint here sir.

What I'm pointing out to you is that the expense here, where the credit hour is almost 2x what it is at a place like FSU or other power schools, tilts the equation in favor of the "Miami is spending crowd".

That is not the case.

You'd have to see the breakdown to see how much of that expense is "funny money" - like the expense of tuition for the school, and how much is actually allocated resources for the football program (coaching salaries, training table, transportation, facilities/improvements, etc.)

Like I said in the Wez, that number seems awfully inflated. The devil is in the detail and its not being provided here.

 

[DapperSlapper]

Dapper: well done.

To translate those tables for the folks, Miami athletics made 5million in profit in one year from men's sports. But it LOST 7 million dollars on women's sports. In other words, you can thank title nine and a bunch of ***** soccer players for not buying out Folden.

So what's in those numbers exactly?

Are they counting the tuition dollars (and other costs)?

This is CFB, the input costs (and what they invest in) are not equal.

It's a simple balance sheet.

Tuition etc is included in "expenses" and "operating expenses".

When you are a 50k a year school that has a bunch of women "athletes" on scharship, those expenses add up. Football itself generates a surplus each year, enough to pay a Saban level salary on top of an Al Golden and Jim L salary.

But those profits immediately get whiped out by the -7mil drain women's sports have.

I'm not trying to argue your Title IX viewpoint here sir.

What I'm pointing out to you is that the expense here, where the credit hour is almost 2x what it is at a place like FSU or other power schools, tilts the equation in favor of the "Miami is spending crowd".

That is not the case.

You'd have to see the breakdown to see how much of that expense is "funny money" - like the expense of tuition for the school, and how much is actually allocated resources for the football program (coaching salaries, training table, transportation, facilities/improvements, etc.)

Like I said in the Wez, that number seems awfully inflated. The devil is in the detail and its not being provided here.

There is still a finite pool of money from which to draw. Tuition fees are important part of a school's budget.

Yes, the numbers include athletically related student aid. The difference in that amount between UM and FSU for 85 scholarship athletes is more than likely less than $2 million, based on the average amount of aid provided per unduplicated participant in athletics.

The school spends a lot of money and gets almost nothing out of it. This is the football spending by each ACC school (MD is still grouped in with ACC schools for some reason) for the fiscal year that began in 2013:

2013	Boston College	$19,920,330
2013	Clemson University	$24,748,157
2013	Duke University	$20,579,547
2013	Florida State University	$32,856,508
2013	Georgia Institute of Technology-Main Campus	$18,992,117
2013	Syracuse University	$23,622,247
2013	University of Maryland-College Park	$15,398,021
2013	University of Miami	$27,922,382
2013	University of North Carolina at Chapel Hill	$17,982,090
2013	University of Notre Dame	$32,761,396
2013	University of Pittsburgh-Pittsburgh Campus	$20,196,473
2013	University of Virginia-Main Campus	$20,193,977
2013	Virginia Polytechnic Institute and State University	$22,394,865
2013	Wake Forest University	$18,690,208

Apparently, NC State had not reported the fiscal year that began in 2013 by the time this report was pulled, but they spent $17,988,989 on football. Louisville spent $21,567,494 in the same fiscal year, but they were not included as an ACC school in the report​.

 

[PalmBeachCane]

I've always loved Manny's input. That article was spot on, and coming from someone who started following Canes football in 2000 the decline feels all to real. I've been saying the same thing on this site for the past 2 seasons. You get what you pay for, and if you pay for a middle of the road coach hoping he exceeds his pay rate sometimes you get burned. It just happened to UM the last 3 HCs. This BOT tried the cheap strategy with Coker, Shannon and Golden... Didn't work time to put their money where their mouth is or face the consequences of another mediocre coach.

 

[FullyERicht]

Dapper, you are the man for this research.

I don't care what business/line of work you are in. If you are in charge of something and your final budget is in deficit, you are doing a terrible job. These numbers speak to the fact that our problems stem from a terrible admin. Firing Golden is a step but we need wholesale changes to the way the AD is run.

 

[NVA CANE]

Total Expenses by Team
Varsity Teams	Men's Teams	Women's Teams	Total
Basketball	$5,753,784	$3,723,358	$9,477,142
Football	$27,922,382		$27,922,382
Total Expenses of all Sports, Except Football and Basketball, Combined	$5,454,363	$9,039,401	$14,493,764
Total Expenses Men's and Women's Teams	$39,130,529	$12,762,759	$51,893,288
Not Allocated by Gender/Sport			$19,892,690
Grand Total Expenses			$71,785,978
CAVEAT Why does the university insist on keeping athletic programs that are a drain on the athletic budget? If they're not making money get rid of as many as possible while still trying to comply with ****** Title IX laws.

 

[NVA CANE]

Total Expenses by Team
Varsity Teams	Men's Teams	Women's Teams	Total
Basketball	$5,753,784	$3,723,358	$9,477,142
Football	$27,922,382		$27,922,382
Total Expenses of all Sports, Except Football and Basketball, Combined	$5,454,363	$9,039,401	$14,493,764
Total Expenses Men's and Women's Teams	$39,130,529	$12,762,759	$51,893,288
Not Allocated by Gender/Sport			$19,892,690
Grand Total Expenses			$71,785,978
CAVEAT Why does the university insist on keeping athletic programs that are a drain on the athletic budget? If they're not making money get rid of as many as possible while still trying to comply with ****** Title IX laws.

Why is woman's sports costing the school 9 million dollars to run. Thats an outrageously high number for programs that probably don't generate any money

 

[TheBigBrow]

Manny Navarro lol....where the **** was his *****ing earlier in the season?

 

[carolinacane]

None of you find it the least bit suspicious that the grand total expenses just happens to equal the grand total revenues to the dollar? This smells like a lot of accounting bull**** meant to give the impression that the athletic department makes zero profit.

 

[FullyERicht]

None of you find it the least bit suspicious that the grand total expenses just happens to equal the grand total revenues to the dollar? This smells like a lot of accounting bull**** meant to give the impression that the athletic department makes zero profit.

You clearly need to learn what a balance sheet it.

 

[Dan E. Dangerously]