Brian Burnett, the U’s senior vice president for finance and operations, said athletics will get $10.6 million from the U next year but will return about $21.5 million.
“You could make an argument — not everyone would agree — that we’re actually money ahead, irrespective of all the other things athletics does for this campus,” Burnett said.
The U is allocating $6.9 million to athletics for its general operations and $590,000 for fundraising. It also will cover $3.1 million in costs for nonresident student-athlete tuition, academic support, rules compliance and facilities debt.
Counted among the benefits to the U are $12.6 million the department will pay the U for athlete scholarships and $5.7 million in cost sharing for technology, utilities and other services. There’s also money for police officers, insurance, the marching band and more.
“I think it’s a good investment,” Burnett said...
USA Today recently ranked Golden Gopher athletics 25th in the country for revenue in 2016-17 but with a $14.8 million school subsidy that was higher than that of any other top-25 school.
Burnett cautioned that it’s difficult to compare schools because they aren’t all counting the same things or sharing costs in the same way. Purdue University, for example, reported no subsidy, but its teams don’t contribute to the university’s cost pools the way the U’s programs do.
“It’s very difficult to get to apples-to-apples,” he said...
Burnett also noted a range of immeasurable benefits that come from participating in Big Ten athletics, from nationwide publicity for the school, donations for academics and increased student applications...
Regents on Wednesday applauded Coyle for the strong academic performance of his student-athletes and for overall excellence in competition, despite mediocrity from the revenue sports.
They also warned against getting too comfortable with last year’s huge increase in Big Ten payments. TV viewership and college football attendance are down, and there’s widespread concern that the conference’s latest TV rights deal is as good as it’s going to get.
Of its $121 million athletics budget, the U is expecting $53.8 million next year from Big Ten and NCAA allocations and media rights. That’s up from $36 million in 2016-17.
https://www.twincities.com/2018/07/...eally-make-money-for-the-umn-leaders-say-yes/
“You could make an argument — not everyone would agree — that we’re actually money ahead, irrespective of all the other things athletics does for this campus,” Burnett said.
The U is allocating $6.9 million to athletics for its general operations and $590,000 for fundraising. It also will cover $3.1 million in costs for nonresident student-athlete tuition, academic support, rules compliance and facilities debt.
Counted among the benefits to the U are $12.6 million the department will pay the U for athlete scholarships and $5.7 million in cost sharing for technology, utilities and other services. There’s also money for police officers, insurance, the marching band and more.
“I think it’s a good investment,” Burnett said...
USA Today recently ranked Golden Gopher athletics 25th in the country for revenue in 2016-17 but with a $14.8 million school subsidy that was higher than that of any other top-25 school.
Burnett cautioned that it’s difficult to compare schools because they aren’t all counting the same things or sharing costs in the same way. Purdue University, for example, reported no subsidy, but its teams don’t contribute to the university’s cost pools the way the U’s programs do.
“It’s very difficult to get to apples-to-apples,” he said...
Burnett also noted a range of immeasurable benefits that come from participating in Big Ten athletics, from nationwide publicity for the school, donations for academics and increased student applications...
Regents on Wednesday applauded Coyle for the strong academic performance of his student-athletes and for overall excellence in competition, despite mediocrity from the revenue sports.
They also warned against getting too comfortable with last year’s huge increase in Big Ten payments. TV viewership and college football attendance are down, and there’s widespread concern that the conference’s latest TV rights deal is as good as it’s going to get.
Of its $121 million athletics budget, the U is expecting $53.8 million next year from Big Ten and NCAA allocations and media rights. That’s up from $36 million in 2016-17.
https://www.twincities.com/2018/07/...eally-make-money-for-the-umn-leaders-say-yes/
