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re: Kim Mulkey would build a championship program here
Posted on 4/19/21 at 8:05 am to SpqrTiger
Posted on 4/19/21 at 8:05 am to SpqrTiger
Well said.
Additionally, I bet Mulkey returning LSU WBB to national prominence would increase revenue enough to off-set, or nearly off-set, the increased cost of her salary making her hire, if possible, a no brainer.
But as stated, Mulkey checks a lot of boxes that LSU desperately needs right now.
Additionally, I bet Mulkey returning LSU WBB to national prominence would increase revenue enough to off-set, or nearly off-set, the increased cost of her salary making her hire, if possible, a no brainer.
But as stated, Mulkey checks a lot of boxes that LSU desperately needs right now.
0
Posted on 4/19/21 at 8:09 am to js1591
quote:
Seems like it worked pretty good for UConn...
Sure...if losing $3.5 million (in 2019) is "pretty good".
UConn is the king (queen?) of WBB. No program has been more dominant over the last 30 years. Their HC is well compensated (~$2.4 million per year). Yet, they STILL lose a ton of money. Louisville went to the Final Four in 2018...they lost $3.8 million that season.
WBB is a HORRIBLE ROI. You may not like it, but the numbers don't lie. LSU loses appx. $3.5 - $4.0 annually on WBB. And that's with a $700k HC salary...the largest expense for WBB. Even if LSU became a national champion contender it STILL wouldn't be enough to offset the massive increase in expenses you guys are begging for ($2+ million salary to Kim Mulkey).
Currently WBB is the single largest money-loser of any sport in the LSU athletic dept. All massively increasing the expenses of the program (in the form of a huge HC salary) would do is either grow that deficit or, at best, maintain it (and that's ONLY if LSU WBB could consistently sell out the PMAC at increased ticket prices)
Just look at gymnastics at LSU. In the last 10 years or so they have become a GREAT program. They fill the PMAC often....it still loses close to $3.0 million per year.
I have nothing personal against WBB, but I'm certain all of those begging for Mulkey to be hired are the same people would would be begging for LSU to fire O, or Wade, or Maineri, or one of the high-priced football coordinators at the first sign of trouble. Well, that becomes prohibitively more difficult if you are UNNECESSARILY spending tons of money on a sport that simply isn't going to produce a return on your investment. It becomes even more taxing now considering the big hole in the revenue stream created by 2020, which is now bleeding into 2021.
Posted on 4/19/21 at 8:13 am to Indefatigable
quote:
Spending seven figures on a coach in a non-revenue women’s sport is the wrong decision for several bad reasons
Because we didn’t just get finished spending close-enough-to-7 figures on one of the worst coaches in LSU history or anything
ok. I think we can get away with spending the extra $200,000 a year on someone who’s actually elitePosted on 4/19/21 at 8:16 am to ulmtiger
make it stop; Kim will leave Baylor when she retires.
Posted on 4/19/21 at 8:16 am to MMauler
How do we spend $1MM/year on beach volleyball? . Our HS football budget was probably like $20k
. Our HS football budget was probably like $20kPosted on 4/19/21 at 8:19 am to Forever
quote:
Because we didn’t just get finished spending close-enough-to-7 figures on one of the worst coaches in LSU history or anything ok. I think we can get away with spending the extra $200,000 a year on someone who’s actually elite
To be fair, LSU would have to pony up a lot more than $200k per year additional for Mulkey. She’s making (I think) $2.2M at Baylor.
Posted on 4/19/21 at 8:30 am to ulmtiger
I got bad news for you, no matter how good she is and wins, she is not going to make the least profitable program profitable.
WBB is the biggest loss leader. So she may build a winner here but she isn’t going to bring in revenue
WBB is the biggest loss leader. So she may build a winner here but she isn’t going to bring in revenue
Posted on 4/19/21 at 8:30 am to Forever
quote:
Because we didn’t just get finished spending close-enough-to-7 figures on one of the worst coaches in LSU history or anything ok. I think we can get away with spending the extra $200,000 a year on someone who’s actually elite
You have a greater margin for error when you do so in the sport that accounts for roughly 90% of the profit in your athletic dept. In WBB you are essentially advocating for spending WAAAAAAY over market value in a sport that essentially has no market
Posted on 4/19/21 at 8:32 am to Big4SALTbro
quote:
I got bad news for you, no matter how good she is and wins, she is not going to make the least profitable program profitable.
WBB is the biggest loss leader. So she may build a winner here but she isn’t going to bring in revenue
I don’t think you understand revenue vs profit.
Posted on 4/19/21 at 8:36 am to Forever
quote:
Because we didn’t just get finished spending close-enough-to-7 figures on one of the worst coaches in LSU history or anything ok
Find one person that doesn’t think that was a mistake.
quote:
I think we can get away with spending the extra $200,000 a year on someone who’s actually elite
Yea, except it would be closer to an extra $2 million a year, just for the head coach’s salary, than $200000.
Posted on 4/19/21 at 8:38 am to ulmtiger
LSU has such a negative fan base. If she wants in, you take her and pay her. She will more than likely win a national title or 2 at LSU. Titles bring tremendous publicity to the school. Solid winning.
Posted on 4/19/21 at 8:43 am to TigerHuck
quote:
Posturing for a big Baylor payday
She makes $2.2mm. How much posturing you think is left on that bone?
Posted on 4/19/21 at 8:43 am to Big4SALTbro
quote:
WBB is the biggest loss leader. So she may build a winner here but she isn’t going to bring in revenue
bullshite. And go learn the difference between profit and revenue.
Will she turn a profit? Never. Will she generate a hell of a lot more revenue than the previous coach? Hell yes she will. And that isn't even debatable.
Posted on 4/19/21 at 8:46 am to LSUGrad9295
quote:
Will she turn a profit? Never. Will she generate a hell of a lot more revenue than the previous coach? Hell yes she will. And that isn't even debatable.
Correct. Will it be worth the price of her contract to TAF? That's the decision.
This post was edited on 4/19/21 at 8:47 am
Posted on 4/19/21 at 8:50 am to landmanner
I’m sure there were some LSU fans that were against paying Nick Saban top dollar at LSU. Look at the results. LSU paid Saban and the long term effects were LSU became a national power.
Posted on 4/19/21 at 8:54 am to Indefatigable
quote:
Spending seven figures on a coach in a non-revenue women’s sport is the wrong decision for several bad reasons.
I swear, some of you act like the LSU athletic program is the stock market
Would you rather see championships/good seasons, or pretend you have a balance sheet in front of you at all times?
Posted on 4/19/21 at 8:56 am to tiger perry
I would push for it. I understand the sport will most likely never make money for the athletic department but if you get a rock star coach and get back to national prominence and even championship level, then even if you go from losing $4 million a year down to $1million a year then that is still a loss but is a $3 million gain from the norm and gives your school more exposure
Posted on 4/19/21 at 9:15 am to Portcityblues
Exactly: Remember the moral of “Never cast pearls to swines”!!
Posted on 4/19/21 at 9:16 am to Portcityblues
Its amazing how most people don`t the BIG PICTURE of
college sports.Thank goodness for Mark Emmert for being at
LSU in the early 2000`s.He was a big picture thinker unlike
Joe Dean who was very myopic in his thoughts about football
and spending.
It`s not the money you pay the coaches,it`s the revenue
generated from a sucessfull national program.Poeple love
athetic sucess and contribute millions to the AD and
academic side of a university because of winning sports.
Emmert knew this and set LSU FB on so far a 20+ yr sucess.
college sports.Thank goodness for Mark Emmert for being at
LSU in the early 2000`s.He was a big picture thinker unlike
Joe Dean who was very myopic in his thoughts about football
and spending.
It`s not the money you pay the coaches,it`s the revenue
generated from a sucessfull national program.Poeple love
athetic sucess and contribute millions to the AD and
academic side of a university because of winning sports.
Emmert knew this and set LSU FB on so far a 20+ yr sucess.
Posted on 4/19/21 at 9:27 am to Eat Your Crow
quote:
Will she turn a profit? Never. Will she generate a hell of a lot more revenue than the previous coach? Hell yes she will. And that isn't even debatable.
Correct. Will it be worth the price of her contract to TAF? That's the decision.
I have almost convinced myself that it IS worth it.
I don't think LSU can offer her $2.2 million. But maybe $1.3M or so??
So let's say Mulkey comes for $1.3 million. That is $600,000 more than we were paying Fargas. Can Mulkey generate an extra $600,000 in revenue to offset that difference? I say the answer is absolutely YES.
This year LSU averaged MAYBE 500 fans per game. I went to a few and I think 500 might even be generous, so let us use that as a baseline. Let's say the average ticket price is $8. LSU played 10 home games. So revenue from ticket sales was somewhere around $40,000. I know this has many variables, such as season tickets, youth tickets maybe being less, etc. But $40,000 is a ballpark figure of revenue generated from ticket sales.
Now, suppose that you bring Mulkey in as coach. Anecdotal evidence from this thread shows that people will be very interested and will start going to games again. Let's say they average 3000 paid customers per game for the first year and play 13 home games. If the average ticket price is $8, that is a total of $312,000. So in year 1, there would be a bit of a loss.
But as she builds the program back up, brings in star recruits, and starts winning, the attendance will increase in the following years. Let's say she can get attendance up to 6,000 per game (which has been done here for a short period of time in the past) and let's say ticket prices maybe increase a little to about $10 per game. For 13 home games, that is revenue of $780,000, which more than offsets the $600,000 extra salary that you are paying her over Fargas....and you now have a program that is competing for championships instead of just hoping to make post-season. And all of this doesn't even include the extra concessions that you would be selling to all the extra people who are now showing up.
TL;DR: Getting Mulkey will be expensive, but if she has success, she will more than pay for herself in the long run.
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