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Fact and Fiction about UAB's Football and Athletic program

Posted on 12/2/14 at 7:43 pm
Posted by Indfanfromcol
LSU
Member since Jan 2011
14723 posts
Posted on 12/2/14 at 7:43 pm
Sort of attempted to search in advance




quote:


UAB loses buckets full of money on sports every year.

True. UAB athletics was subsidized by about $18 million last year, according to the USA Today Sports college athletics financial database. Subsidies, which often obscure the bottom-line at schools across the country, include student fees and state or school contributions.





UAB is losing far more on athletics than other schools.


False. According to an AL.com analysis of the USA Today data, 125 schools have athletic programs subsidized at a higher percentage than UAB. UAB's subsidy is about the same as Colorado State, Ohio, Virginia Commonwealth or New Hampshire. Some 33 schools are subsidized at higher dollar figures, including Cincinnati, Kent State, James Madison and Houston. Rutgers and UNLV actually posted double the subsidy as UAB.

If you take the subsidies out of the mix and look simply at the bottom line, 36 schools across the country are hemorrhaging more than UAB. Rutgers and UNLV are bleeding money at twice the rate of UAB.





UAB Football is the big culprit.


False. Kristi Dosh of Campus Insiders reports that UAB's $7.2 million in football revenue last year ranked 98th overall in the Football Bowl Subdivision. Troy University pulled in less revenue, with $6.7 million, and South Alabama earned only $5.8 million.





UAB is unfit to compete financially with the schools in its own conference.

False. In Conference USA, UAB is a middle of the pack financially. Throw out all the subsidies and its athletic losses are sixth worst, behind Old Dominion, Middle Tennessee State, Florida International, North Carolina Charlotte and North Texas.





Compared to other schools in Alabama, UAB is a gaping financial wound.


False. Athletics simply ain't cheap. Fact is, in the state of Alabama last year, only the University of Alabama made money on its athletic programs. UAB, South Alabama, Troy and Alabama State all lost sums in 8 figures last year - when the subsidies are taken out of the equation -- and Alabama A&M lost $5 million. Auburn even came down on the crimson side of the ledge, losing $3.7 million. Alabama made $21 million.




LINK



quote:

UAB's football program brought in $8,980,301 in revenue and reported $8,956,079 in expenses in 2013, according to federal Equity in Athletics Data.



LINK
This post was edited on 12/2/14 at 9:03 pm
Posted by BRgetthenet
Member since Oct 2011
117678 posts
Posted on 12/2/14 at 7:45 pm to
quote:

when the subsidies are taken out of the equation



Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 12/2/14 at 7:46 pm to
My father is a Bama alum and he told me 20 years ago that UAB was bad for Bama athletics. That is reason they are the first D1 team since the 90s to drop the program.
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
83927 posts
Posted on 12/2/14 at 7:46 pm to
Here's the University of Alabama's response to the situation. I just found this a few minutes ago.

quote:

"What's best for the University of Alabama is to limit funding to other athletic programs under our control and to optimize the use of funds in the best interests of both schools."


WOW!
Posted by Overbrook
Member since May 2013
6078 posts
Posted on 12/2/14 at 7:51 pm to
quote:

True. UAB athletics was subsidized by about $18 million last year, according to the USA Today Sports college athletics financial database. Subsidies, which often obscure the bottom-line at schools across the country, include student fees and state or school contributions.


The financial accounting for all of this can be inconsistent as well. How much of that deficit is actually funded in cash v. non-cash tuition abatement?
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 12/2/14 at 7:53 pm to
quote:

WOW!

umm....
Posted by wm72
Brooklyn
Member since Mar 2010
7797 posts
Posted on 12/2/14 at 8:11 pm to
quote:

"What's best for the University of Alabama is to limit funding to other athletic programs under our control and to optimize the use of funds in the best interests of both schools."


Knowing the state of Alabama the motive for shutting down the UAB program reeks.

However, I would think it's probably the right decision even if perhaps for the wrong reasons.

There's a reason excellent public university systems like the University of California are only paying out for bigger football programs at the main campuses that support them.

The focus should be squarely on academic related spending if these football programs are a money pit.

This post was edited on 12/3/14 at 2:49 am
Posted by Indfanfromcol
LSU
Member since Jan 2011
14723 posts
Posted on 12/2/14 at 9:01 pm to
Update


quote:

UAB's football program brought in $8,980,301 in revenue and reported $8,956,079 in expenses in 2013, according to federal Equity in Athletics Data.


Posted by GFaceKillah
Welcome to the Third World
Member since Nov 2005
5935 posts
Posted on 12/2/14 at 10:44 pm to
Posted by Robin Masters
Birmingham
Member since Jul 2010
29628 posts
Posted on 12/2/14 at 11:16 pm to
quote:

Auburn even came down on the crimson side of the ledge, losing $3.7 million.


Sell it for parts!
Posted by Alabama Slim
2009,2011 BCS National Champions
Member since Jul 2007
9931 posts
Posted on 12/2/14 at 11:30 pm to
quote:

The focus should be squarely on academic related spending if these football programs are a money pit.


that's a bigger issue than uab football, imho. outside of medical research, UA keeps UAB a second tier academic school in order to attract better students and faculty to UA. UAB's business school is a dump, yet the BOT blocks any attempt to build a new one. this goes much deeper than football.
Posted by ironsides
Nashville, TN
Member since May 2006
8153 posts
Posted on 12/2/14 at 11:51 pm to
I assume these figures don't include title IX schollies?
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