Basketball loses money

[ZachTheZip]

CNN list of revenues and expenses across all D-I basketball teams.

It reports that Akron basketball brought in a total of $424,875, but had expenses of $1,603,402 for a net loss of $1,178,527.

I'm not sure how accurate this thing is, though, because too many schools posted a net of $0 where expenses exactly equaled revenue. Each school reports their expenses a different way, so there's no real way to gauge this. For comparison, Duke lost more money than any other school.

The only real valid comparison among the schools is in the expenses column, since revenue can be easily fudged via institutional support. A school can simply throw a bunch of general budget money at the program and call it "revenue" to even things up if they're in the red.

Here are the expenses for the MAC basketball schools. This is a good way to see how much each school cares about basketball:

Toledo: 1,934,500

Ohio: 1,787,577

Akron: 1,603,402

Ball State: 1,514,612

WMU: 1,496,071

Can't State: 1,420,842

Miami: 1,343,259

EMU: 1,271,105

CMU: 1,270,715

Buffalo: 1,207,151

BGSU: 978,966

[RowdyZip]

CNN list of revenues and expenses across all D-I basketball teams.

It reports that Akron basketball brought in a total of $424,875, but had expenses of $1,603,402 for a net loss of $1,178,527.

I'm not sure how accurate this thing is, though, because too many schools posted a net of $0 where expenses exactly equaled revenue. Each school reports their expenses a different way, so there's no real way to gauge this. For comparison, Duke lost more money than any other school.

The only real valid comparison among the schools is in the expenses column, since revenue can be easily fudged via institutional support. A school can simply throw a bunch of general budget money at the program and call it "revenue" to even things up if they're in the red.

Here are the expenses for the MAC basketball schools. This is a good way to see how much each school cares about basketball:

Toledo: 1,934,500

Ohio: 1,787,577

Akron: 1,603,402

Ball State: 1,514,612

WMU: 1,496,071

Can't State: 1,420,842

Miami: 1,343,259

EMU: 1,271,105

CMU: 1,270,715

Buffalo: 1,207,151

BGSU: 978,966

Wow. Sort this by "Margin" and the Zips are 3rd from the bottom...not good.

[ZachTheZip]

Wow. Sort this by "Margin" and the Zips are 3rd from the bottom...not good.

The "margin" heading is useless. How many schools are there that are hemorrhaging money but report their student fees as revenue to they break even? Akron doesn't do that, and so it makes us look much worse than we are.

[vmd9]

I wish they would spend the same amount of $$ as they do for football. I'm glad that we've been spending BCS money on the football team, it shows we want to be bigger than the MAC and soon enough we will see results. I remember seeing that Akron spent over like $200 million in the past 5 years on football, and the next closest MAC school was like $10 million or something. It's hilarious and shows what an awful conference we are stuck with! Hey Tim please move us to C-USA SOON! I hate this MAC crap haha

[infofan]

Where do these figures come from????????? I highly doubt this report. Cleveland state revenue of $1,952,828 from 1500 per game? Youngstown revenue of $982,205?? Coastal carolina revenue of $1,218,132 in a 1200 seat gym? Duquesne revenue of $2,401,354 on attendance of 3000 per game? ?

Or just look at Akron alone..........this year our attendance was down but we still drew just over 50,000 fans at about $12 per ticket (average based on 10-35 range). That equals about $600,000, then add in concessions, our share of NCAA revenue ( small but something), our guarentees from the 3 big road games and you have conservatively $750,000. Theres no doubt we are in the red but I put no validity in this report. I also question the expenses.... Check out Butler- compared to us. And I think their coach alone makes close to $1 million.

[RowdyZip]

Wow. Sort this by "Margin" and the Zips are 3rd from the bottom...not good.

The "margin" heading is useless. How many schools are there that are hemorrhaging money but report their student fees as revenue to they break even? Akron doesn't do that, and so it makes us look much worse than we are.

Wait, so you think that all the other schools are fibbing to make their basketball margins better but Akron is the only "honest" school out there and therefore looks worse? Man...and I thought I wore Zips-colored glasses...

[Z.I.P.]

CNN list of revenues and expenses across all D-I basketball teams.

It reports that Akron basketball brought in a total of $424,875, but had expenses of $1,603,402 for a net loss of $1,178,527.

I'm not sure how accurate this thing is, though, because too many schools posted a net of $0 where expenses exactly equaled revenue. Each school reports their expenses a different way, so there's no real way to gauge this. For comparison, Duke lost more money than any other school.

The only real valid comparison among the schools is in the expenses column, since revenue can be easily fudged via institutional support. A school can simply throw a bunch of general budget money at the program and call it "revenue" to even things up if they're in the red.

Here are the expenses for the MAC basketball schools. This is a good way to see how much each school cares about basketball:

Toledo: 1,934,500

Ohio: 1,787,577

Akron: 1,603,402

Ball State: 1,514,612

WMU: 1,496,071

Can't State: 1,420,842

Miami: 1,343,259

EMU: 1,271,105

CMU: 1,270,715

Buffalo: 1,207,151

BGSU: 978,966

Question: What "revenue" is there, other than gross receipts from tickets? I don't know how Hawaii can make almost four times as much revenue as Akron, when attendance is very similar.

[ZachTheZip]

CNN list of revenues and expenses across all D-I basketball teams.

It reports that Akron basketball brought in a total of $424,875, but had expenses of $1,603,402 for a net loss of $1,178,527.

I'm not sure how accurate this thing is, though, because too many schools posted a net of $0 where expenses exactly equaled revenue. Each school reports their expenses a different way, so there's no real way to gauge this. For comparison, Duke lost more money than any other school.

The only real valid comparison among the schools is in the expenses column, since revenue can be easily fudged via institutional support. A school can simply throw a bunch of general budget money at the program and call it "revenue" to even things up if they're in the red.

Here are the expenses for the MAC basketball schools. This is a good way to see how much each school cares about basketball:

Toledo: 1,934,500

Ohio: 1,787,577

Akron: 1,603,402

Ball State: 1,514,612

WMU: 1,496,071

Can't State: 1,420,842

Miami: 1,343,259

EMU: 1,271,105

CMU: 1,270,715

Buffalo: 1,207,151

BGSU: 978,966

Question: What "revenue" is there, other than gross receipts from tickets? I don't know how Hawaii can make almost four times as much revenue as Akron, when attendance is very similar.

Donations. Institutional support. Conference payouts. TV contracts. NCAA payouts. But mostly institutional support. A school can throw a bunch of money from student fees at the program and call it all "revenue". Apparently Akron doesn't consider that kind of money as revenue, while others do. It's just a different way of reporting.