re: Why Can't We Consistently Have a Better Basketball Team?

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If you allocated the resources basketball would make a killing financially. The tournament revenue more than makes up for the investment. Each tourney win is worth $2 million over 6 years or $337k/ year. You start winning 2 to 3 games each tournament and you have a huge influx in capital

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And yet, our AD appears to not be interested in that.

you said it yourself:

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You start winning 2 to 3 games each tournament and you have a huge influx in capital

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Winning 2 games is the Sweet 16, 3 is the Elite 8.
LSU has made the Sweet 16 3 times since 2000, including that year. Once for Elite 8 (we made Final Four), in 2006.

Dale Brown did Sweet 16 or better 5 times, last being in 1987. Dale got everything he wanted; he retired in 1997. 10 years since his last Sweet 16.

Teams CAN make money if they consistently make runs, but LSU hasn't consistently made runs since the 80's. Wade only made it to the 2nd weekend once, Brady only did twice. Our ceiling now seems to be 20 wins and we maybe make the 2nd rd.

In contrast, football can/does win, and should be a playoff team. And brings in the vast majority of profit.
You dump resources into baseball or women's basketball, we can win a title, or at least be a major contender. The return is better for those.