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re: Culotta going all in on compliance dept
Posted on 4/22/19 at 9:17 am to Zanzibaw
Posted on 4/22/19 at 9:17 am to Zanzibaw
quote:Here you go
Since you're the finance expert why don't you tell me what those numbers looked like when we were consistently making final fours.
We made a whopping 52k more when making final fours
quote:
In 2005 the Lady Tigers brought in $352,068, but the team has not been able to generate a profit even with the increased revenue.
thunderbird is completely right here, the bottom line will not improve by bringing in Mulkey, it will just get further in the red
quote:
In 2005 the women's basketball program netted a loss of more than $1.3 million in ticket and parking sales and has lost more than $1 million each year since 2001.
2
Posted on 4/22/19 at 9:17 am to Zanzibaw
I know from 2004-2008 when they were going to final 4s every year the attendance was around the 7k per game.
In 2018 the attendance was 550-750.
That’s more than 300K in revenue difference right there. Not to mention anything that those people buy at the concessions.
In 2018 the attendance was 550-750.
That’s more than 300K in revenue difference right there. Not to mention anything that those people buy at the concessions.
Posted on 4/22/19 at 9:19 am to Baseball Tiger 17
quote:Dead wrong
I know from 2004-2008 when they were going to final 4s every year the attendance was around the 7k per game.
In 2018 the attendance was 550-750.
That’s more than 300K in revenue difference right there.
quote:
Figures from 2003 show the figure increased to $212,303. In 2005 the Lady Tigers brought in $352,068, but the team has not been able to generate a profit even with the increased revenue.
quote:
In 2005 the women's basketball program netted a loss of more than $1.3 million in ticket and parking sales and has lost more than $1 million each year since 2001.
This post was edited on 4/22/19 at 9:20 am
Posted on 4/22/19 at 9:19 am to lsupride87
What about in 2006, 2007, 2008?
Posted on 4/22/19 at 9:21 am to Bert Macklin FBI
quote:
In my mind it’s not about money. It’s about being the best you can be in all areas in which you can excel.
Chris Blair talked about this during the Baseball Broadcast Saturday. He said he was surprised when he took the LSU job at how many people told him he needs to go to an LSU Gymnastics meet. It caught him off guard as he was used to the "You're gonna love Alex Box and Tiger Stadium" comments and had no idea of the level of community and administration support for D-D and The Tumblin Tigers of LSU.
The point is Women's sports aren't there to make money. They are there by law first and foremost but they have grown to be an inclusive catalyst of gender unity and appreciation(The Baseball Team attends gym meets and vice versa). And more importantly it markets the 'brand' and reputation of LSU as the kind of institution that places equal value on its female student athletes.
It sends the message to little girls all over the country that they have an opportunity to get an education while being a part of a winning program at LSU.
And if they aren't blessed with the ability to win an athletic scholarship, they are happy to attend a university that cares about women's sports.
This post was edited on 4/22/19 at 9:28 am
Posted on 4/22/19 at 9:23 am to thunderbird1100
People don’t care about women’s basketball and it’ll never be a draw. Sure there were 2 or 3 games a year that women’s basketball would sellout during the Augustus day’s, but people generally don’t care. It loses A LOT of money for the school. People are now fixated on being good in women’s basketball because they want the LSU brand to be powerful, but realistically it just doesn’t matter.
Things like compliance department and gameday atmosphere is much much more important
Things like compliance department and gameday atmosphere is much much more important
Posted on 4/22/19 at 9:23 am to lsupride87
That’s on the ncaa website when it comes to attendance.
Posted on 4/22/19 at 9:24 am to lsupride87
College sports make money based on what TV revenues they generate. Except for football at schools with 100,000 capacity stadiums (give or take 10%) gate receipts pale in comparison to the TV, radio and advertising revenue. But you can't just have men's football and basketball, and you can't consign other sports to underfunded afterthoughts. You might not like Title IX, but you have to comply with it or the entire athletic program suffers.
Posted on 4/22/19 at 9:24 am to rilesrick
quote:
She’s paid less than our current one I believe
Not even close to being correct.
Mulkey's base pay is $1.085MM, Fargas's base is $350k. Total compensation with incentives is $900k for Fargas which is still lower than Mulkey's base. I see in 2014 Mulkey made just over $2MM, that's the only year I can find.
Posted on 4/22/19 at 9:24 am to BilJ
Any time you let the tail (compliance) wag the dog, you'll get the regulatory effect - the agency will begin to see themselves as the most important group on campus, bigger than the group they monitor, and their "charter" will grow. It's a byproduct of power.
Compliance should be executing tasks at the behest of, and in line with the cadence of, the Athletic Department; not vice versa.
Woodward needs to cut their legs out from under them. Only way to do that at this point is wholesale personnel changes. Their "we run the show" culture is too engrained.
Compliance should be executing tasks at the behest of, and in line with the cadence of, the Athletic Department; not vice versa.
Woodward needs to cut their legs out from under them. Only way to do that at this point is wholesale personnel changes. Their "we run the show" culture is too engrained.
Posted on 4/22/19 at 9:26 am to Baseball Tiger 17
quote:We averaged 5500 fans in 2007
That’s on the ncaa website when it comes to attendance.
We averaged 2500 fans in 2018
Posted on 4/22/19 at 9:26 am to Baseball Tiger 17
Here is hour 2 of the show:
LINK /
Woodward is first mentioned at 12:15, but they go off on a little discussion about the baseball team and other stuff like who was the first coach to call and congratulate Woodward, the real discussion starts at 14:00.
LINK /
Woodward is first mentioned at 12:15, but they go off on a little discussion about the baseball team and other stuff like who was the first coach to call and congratulate Woodward, the real discussion starts at 14:00.
Posted on 4/22/19 at 9:27 am to Zanzibaw
quote:
Since you're the finance expert why don't you tell me what those numbers looked like when we were consistently making final fours. Or for that matter tell me what Baylor's revenues look like with Mulkey
See for yourself
In 2008 (the PEAK of our women's program making several final fours in a row), women's basketball here made $862k in revenue, and had over a $2.2M loss with over $3.1M in expenses. Back then, total coaching salaries, bonuses, etc... paid out, were just over $1.1M.
Our expenses right now are $4.5M, and we're talking about hiring a coach that will cost about $1.5M+ more, when at the peak of our program, we were bringing in under $900k/yr
This post was edited on 4/22/19 at 9:30 am
Posted on 4/22/19 at 9:27 am to mikelbr
Gymnastics and women’s basketball are much different. Little girls take cheerleading and tumble classes regularly. They look at a 5’1 gymnast and can easily relate and aspire to be that.
Women’s basketball, the game itself, does not benefit women. The goals should be lowered for starters. Some of the things you see on a daily basis in women’s basketball is incredibly cringeworthy. Even when we used to sell out the really big games, most the time the tickets were $1 and you got to throw an airplane at a car for a chance to win it.
LSU soccer and LSU gymnastics are much more important to connect the community. I’d say hire the best soccer coach out there before basketball
Women’s basketball, the game itself, does not benefit women. The goals should be lowered for starters. Some of the things you see on a daily basis in women’s basketball is incredibly cringeworthy. Even when we used to sell out the really big games, most the time the tickets were $1 and you got to throw an airplane at a car for a chance to win it.
LSU soccer and LSU gymnastics are much more important to connect the community. I’d say hire the best soccer coach out there before basketball
Posted on 4/22/19 at 9:27 am to Godfather1
quote:
People said the same thing in 1983 about baseball.
Bertman was an asst. at Miami when he was hired as HC at LSU. He gradually built the program into what it became, but it took a while to do so. And baseball, for as popular as it is here, still doesn't produce a ton of profit. If LSU wants to hire an asst. coach from another program, which leads to her/him building a great program, that's fine by me.
But comparing LSU's hiring of an largely unheralded asst coach to hiring one of the top 3 coaches in WBB at a SIGNIFICANT cost is laughable.
Just for reference, in 2018 UConn's WBB program posted a LOSS of $3.1 million. I think we would all agree UConn is the best basketball program in the history of women's basketball and even it is posting a significant bottom line loss.
The reality is that spending big in WBB is a horrible business decision. If that upsets the dozens of die-hard fans, so be it.
Posted on 4/22/19 at 9:30 am to lsupride87
Are there really people in here who think women’s basketball can make money? FFS.
Posted on 4/22/19 at 9:31 am to thunderbird1100
quote:
In 2008 (the PEAK of our women's program making several final fours in a row), women's basketball here made $862k in revenue, and had over a $2.2M loss with over $3.1M in expenses. Back then, total coaching salaries, bonuses, etc... paid out, were just over $1.1M.
So what you are saying is that winning increases revenue? Got it.
Posted on 4/22/19 at 9:34 am to ProjectP2294
quote:went went to 5 straight final fours and could not average 50% capacity in the PMAC
I wonder how hard it would be to turn it to a profit or near profit sport.
Posted on 4/22/19 at 9:34 am to Zanzibaw
quote:
So what you are saying is that winning increases revenue? Got it.
I'll help you out with the critical thinking here:
At the very peak of our program, we made $862k in revenue. That's less than triple our current revenue of $300k.
Our current coach gets $350k base pay + incentives. We're talking about hiring a coach with a base pay of $2M. Probably looking at at LEAST $1.5M+ in ADDITIONAL head coach base pay. When back in 2008, we paid all coaches including all incentives, $1.1M.
Do I need to do the math for you too?
This post was edited on 4/22/19 at 9:36 am
Posted on 4/22/19 at 9:34 am to Zanzibaw
quote:Work with me here, stay with me because this is going to involve some math
So what you are saying is that winning increases revenue? Got it.
Your revenue increases by 500k
Your expenses increase by 1.5 million
What happens to your bottom line?
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