With Forbes naming the University of Louisville men's basketball program its most valuable hoops program in the nation for a second straight season, it's worth taking a look at where the program makes all its money.
The following data is taken from a report filed yearly with the NCAA. The numbers are from the 2011-12 athletic season.
NCAA/Conference distributions: $5,343,578 Program sales, concessions, parking: $1,034,322 Other operating revenue: $2,322,843
(Other revenue found in the budget, not the form filed with the NCAA, includes $1,250,000 media. Included in the contributions total is KFC Yum! Center suite revenue of approximately $5,500,000. A portion of the "contributions" total is annual seat donation revenue from the KFC Yum! Center. U of L lumps all of its seat donation revenue into a single budget line not broken out by sport. That total for 2011-12 is right at $17 million, and includes seat donations for both basketball and football. Other donations earmarked as coming through or generated by basketball are included in this basketball total.)
And, just because it completes the picture, a look at the expense side:
TOTAL EXPENSES: $15,489,953
Coaching salaries: $4,486,020
Support staff salaries: $656,848
Team travel: $1,668,285
Equipment, uniforms, supplies: $170,376
Game expenses: $553,743
Fundraising, marketing and promotion: $9,349
Arena rental: $3,780,831
Medical expenses and insurance: $65,296
Other operating expenses: $2,282,680
Things like value, expense and revenue in college sports can be elusive things to nail down, because there are different accounting practices and principles from school to school, and because reports filed with the NCAA may be designed to divide revenue one way, as opposed to an athletic budget or audited statement, which may show totals in other ways or for different periods of time.
But this provides at least a ballpark view of where the revenue and expenses are divided.
Saturday, August 30 2014 3:51 PM EDT2014-08-30 19:51:46 GMT
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