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re: Advocate article on LSU athletics revenue
Posted on 2/11/25 at 2:35 pm to doubleb
Posted on 2/11/25 at 2:35 pm to doubleb
quote:
NONE of the 24 million can be credited to the new media deal because the new deal hadn’t started yet. This audit is 2023-24 and end on June 30th.
They can still take credit for some of it. It was always a bundled media rights deal. That number will only go up.
1
Posted on 2/11/25 at 4:27 pm to Ampipe96
quote:
Women’s basketball lost $8.57 million
This is unacceptable and needs to be rectified.
Posted on 2/11/25 at 4:52 pm to Ampipe96
They'd make a killing if concessions weren't trash and over priced.
Hey that just means I'm gonna eat prior to every game.
Hey that just means I'm gonna eat prior to every game.
Posted on 2/11/25 at 5:39 pm to Y.A. Tittle
quote:
Abandoning seemingly all concern about men’s basketball is about the stupidest thing a major college athletics program could do.
why?
Posted on 2/11/25 at 6:31 pm to burreauxxx
quote:
You can't force private donors to prioritize basketball when it's just not culturally our sport of choice. It is what it is.
Nobody knew LSU had a baseball team until the 1980's when, ironically, basketball was the Big Man on Campus and the football team wallowed in relative mediocrity.
Posted on 2/11/25 at 6:55 pm to Alt26
quote:
Football only has 7-8 games. But there are 90K+ tickets available for each game at a higher average price than baseball and basket
quote:
It's probably obvious, but I suspect football is the most efficient,
Football suite and club money along with parking and concessions is astronomical compared to the other sports. I would also put the average number of tickets sold for football at over 95K.
The reason we can have a net loss in every other sport other then MBB is due to football. And realize, this is public LSU AD revenue we are discussing. The real money is in TAF (private funding) and it is drastically slanted towards football in both expenditures and revenue.
Posted on 2/11/25 at 7:20 pm to The Mick
quote:
How does mens basketball make money? I assume tv revenue share from SEC?
Thats also what keeps LSU from making money in baseball.
Posted on 2/11/25 at 7:46 pm to Mickey Goldmill
[quote]They can still take credit for some of it. It was always a bundled media rights deal. That number will only go
Certainly WBB contributes some and if will contribute more with the new ncaa deal, but it’s hardly enough to off set the losses.
But the AD died big look at each sport as s as profit center. He knows WBB can not finish in the black. His only concern is whether or not the overall department finished in the black or breaks even. They are going to spend just about everything they get.
There are no shareholders, owners or any people splitting “profits”.
Certainly WBB contributes some and if will contribute more with the new ncaa deal, but it’s hardly enough to off set the losses.
But the AD died big look at each sport as s as profit center. He knows WBB can not finish in the black. His only concern is whether or not the overall department finished in the black or breaks even. They are going to spend just about everything they get.
There are no shareholders, owners or any people splitting “profits”.
This post was edited on 2/11/25 at 8:51 pm
Posted on 2/11/25 at 8:38 pm to doubleb
quote:quote:
I didnt realize the point of college athletics was to make money.
I agree.
So what is the point now? That would be a great discussion.
I’ve given this some thought lately, and I agree that it’s an interesting thing to ponder.
As you’ve pointed out, athletic departments don’t generate profits. Not really, anyway. The top programs might transfer some amount of money back to the institution but it’s basically an afterthought. Over the long run they’ll basically spend 100% of the revenue they generate, so profits aren’t the goal.
The way I’ve thought about it is to ask “what is the AD’s actual job?” Like.. who actually evaluates the athletic director, and what are those criteria? On paper Woodward reports to Tate, but also has a dotted line to TAF. And I think it would be naive to discount the boosters’ (TAF’s) role in all of this.
When you really drill down I think you eventually reach something like this:
- The AD’s job is to keep Tate and the boosters (TAF) happy.
- Keeping those groups happy means maximizing on-field success while minimizing off-field embarrassments.
- Maximizing on-field success means maximizing revenue, as revenue can be reinvested in more success.
In other words, I think the role of the athletic department has become “grow as large as you possibly can and don’t embarrass the university along the way.” Overall revenue (while avoiding deficits) becomes the driver behind almost everything, even as a large chunk of that revenue comes directly from the very people who are evaluating your performance. It’s a fairly strange economic phenomenon when you stop to really think about it.
Posted on 2/11/25 at 8:49 pm to lostinbr
quote:
It’s a fairly strange economic phenomenon when you stop to really think about it.
And a very good overall analysis. Great job.
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