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Our tax dollars to directly fund FSU/UF athletics?

Hold My Beer

Hold My Beer

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Any accountants or general know-it-alls willing to explain what's going on here?

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Hold My Beer said:
Any accountants or general know-it-alls willing to explain what's going on here?

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Relax.

This is the authorization of the revenue-share amounts required by the House settlement.

Nothing to see here.

In a perfect world, it would be a "budgeted" item. I'm assuming that this is a necessary step due to the mid-year timing of the House settlement.
 


@Tony4Canes

So this means the Board of Governors approved giving the athletic departments at UF and FSU (and others) access to state-generated funds that had previously been off limits?
 
Hold My Beer said:


@Tony4Canes

So this means the Board of Governors approved giving the athletic departments at UF and FSU (and others) access to state-generated funds that had previously been off limits?
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Auxiliary = basically any revenue generated by the school that isn't tuition and other basic revenue from a school perspective. Not state generated.

Those funds would typically go back in to a program/activity similar to where/from they were generated or towards improvement, maintenance, etc. i.e. profits from the sale of food in the cafeteria would go towards paying cafeteria staff or updating the dining area. Now they go towards paying rev share agreements for athletes.
 
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TheOriginalCane said:
Clearly, the state schools are going to need a few years to get caught up on the House settlement.

And in F$U's case, they already tapped the Leon County sales tax well to fix their ****ters.
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Do they actually have commerce in Leon County? I would think going after the tobacco tax there would generate more revenue. Plus it would allow all the women in that county to feel like they participated as well.
 
JayCane20 said:
Auxiliary = basically any revenue generated by the school that isn't tuition and other basic revenue from a school perspective. Not state generated.

Those funds would typically go back in to a program/activity similar to where/from they were generated or towards improvement, maintenance, etc. i.e. profits from the sale of food in the cafeteria would go towards paying cafeteria staff or updating the dining area. Now they go towards paying rev share agreements for athletes.
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Yes.

Such as "housing funds should stay in the housing department".

It's not "taxpayer money" per se. People who pay for the dorms may be from Florida, or not from Florida.

This is removing the separation of different silos of money. On Day 1, nobody "has" the $22.5 million to pay. In reality, the $22.5 million represents money that each university WILL collect from sources such as TV rmoney, ticket sales, and merchandise royalties. But for now, the $22.5 million has never been budgeted. So there isn't some $22.5M cushion in the Athletic Department budget FOR NOW.

Eventually, each school is going to need to figure out how much to jack up ticket prices, etc. to be able to absorb the $22.5 million. Universities will not fund that shortfall permanently out of the "operating budget" of the universities.

Everything has a price. The House settlement sounds awesome. Until you have to figure out where the $22.5 million is coming from. Hint, it's not all coming from "alumni donations", that's for sure.
 
BigDikDaddyFromCincinnati said:
Do they actually have commerce in Leon County? I would think going after the tobacco tax there would generate more revenue. Plus it would allow all the women in that county to feel like they participated as well.
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I mean, if Leon County taxed "oral s*x", they would balance the budget overnight...
 
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TheOriginalCane said:
Yes.

Such as "housing funds should stay in the housing department".

It's not "taxpayer money" per se. People who pay for the dorms may be from Florida, or not from Florida.

This is removing the separation of different silos of money. On Day 1, nobody "has" the $22.5 million to pay. In reality, the $22.5 million represents money that each university WILL collect from sources such as TV rmoney, ticket sales, and merchandise royalties. But for now, the $22.5 million has never been budgeted. So there isn't some $22.5M cushion in the Athletic Department budget FOR NOW.

Eventually, each school is going to need to figure out how much to jack up ticket prices, etc. to be able to absorb the $22.5 million. Universities will not fund that shortfall permanently out of the "operating budget" of the universities.

Everything has a price. The House settlement sounds awesome. Until you have to figure out where the $22.5 million is coming from. Hint, it's not all coming from "alumni donations", that's for sure.
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Tennessee assessed a “talent fee” on top of their ticket sales to offset the burden of the $22M.

I don’t remember if it will fully cover it but it was a chunk. Their fans were not happy. Still aren’t
 
JayCane20 said:
Auxiliary = basically any revenue generated by the school that isn't tuition and other basic revenue from a school perspective. Not state generated.

Those funds would typically go back in to a program/activity similar to where/from they were generated or towards improvement, maintenance, etc. i.e. profits from the sale of food in the cafeteria would go towards paying cafeteria staff or updating the dining area. Now they go towards paying rev share agreements for athletes.
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thats actually ****** in that example. just tack on a talent fee like you said tenn did. im fine with it
 
hoops156 said:
thats actually ****** in that example. just tack on a talent fee like you said tenn did. im fine with it
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You can't make up $22.5 million (and growing in future years) through ticket price increases.

Or I guess you could try and watch a bunch of people not renew.

Obviously, we can't re-do contracts right now, but if the underlying model shifts from "10M/year coaches, 0/year players" to something that actually pays the players, maybe coaching salaries can no longer skyrocket.
 
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TheOriginalCane said:
You can't make up $22.5 million (and growing in future years) through ticket price increases.

Or I guess you could try and watch a bunch of people not renew.

Obviously, we can't re-do contracts right now, but if the underlying model shifts from "10M/year coaches, 0/year players" to something that actually pays the players, maybe coaching salaries can no longer skyrocket.
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im fine w that. I assume thats where it'll go.
 
Tony4Canes said:
I took as auxiliary fees that the state schools generate as he listed
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Wonder what kind of pushback there could be from faculty, staff and even students at UF/FSU about "auxiliary" dollars being shifted into the bank accounts of football and men's basketball players -- many of whom could also continue to receive payments under the table as well
 
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