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Posted on 2/1/23 at 10:28 pm to BayouNation
They declined to report on Grambling for good reason
Posted on 2/2/23 at 12:08 am to mdomingue
quote:
Big Ten Conference - $332,981,099
Pacific-12 Conference - $117,879,419
In the red? Holy shite
Posted on 2/2/23 at 5:03 am to PaperTiger
Anyone with some spare time want to take these numbers and compare them to before the feds got involved in student loans? Seems as though schools have been in an arms race ever since.
Posted on 2/2/23 at 6:04 am to BayouNation
(no message)
This post was edited on 4/15/23 at 8:15 am
Posted on 2/2/23 at 6:13 am to brewhan davey
quote:
Define "reputable."
They have a law school.
Posted on 2/2/23 at 6:40 am to KillTheGophers
quote:
Calling LSU athletics self sufficient is like saying a gut shot deer is still running with plenty of energy and spirit.
No public schools in Louisiana are “self sufficient”….not even LSU. In fact, TAF has some real challenges in the coming years.
LSU is self sufficient now, but mocking other in-state schools would be rather hypocritical seeing as Louisiana tax payers funded LSU for decades at a rate well above their peers.
How about those dorms in the shape of a football stadium
Posted on 2/2/23 at 7:05 am to PP7 for heisman
LSU doesn’t have a bar prep course unless it’s new.
Posted on 2/2/23 at 7:12 am to BayouNation
ain't no way suno ain't losing money
Posted on 2/2/23 at 7:13 am to Kracka
quote:
went to Nicholls, played bball there for a short time. I love that school. Grew up going to bball camps there. But that school should not be there. Louisiana has too many schools. Southern has a reputable law school. But they shouldn't be there either.
Yeah, why would anyone want to go to a school that isn’t in a crime infested shithole?
Posted on 2/2/23 at 7:32 am to lsufan1971
quote:
First time bar exam pass rate is 62% for Southern. That is fricking terrible.
The VP of the US failed the bar.
At least once.
She's retarded as frick, but still the VP*.
Posted on 2/2/23 at 8:01 am to Keltic Tiger
quote:
LSU sports is self sufficient to the extent it takes no monies from the State to operate
The school and/or state gave just over 4 Million to the athletic program in 2021. ETA: I suspect this is mostly salaries or at least the portion of the salary that the school pays to make them LSU employees. Plus students that work at the athletic facilities are paid by the school.
OTHER REVENUE - $4,846,682
CORPORATE SPONSORSHIP, ADVERTISING, LICENSING - $3,796,228
DONOR CONTRIBUTIONS - $21,870,291
NCAA/CONFERENCE DISTRIBUTIONS, MEDIA RIGHTS, AND POST-SEASON FOOTBALL - $78,764,902
TICKET SALES - $8,573,479
INSTITUTIONAL/GOVERNMENT SUPPORT - $4,041,962
https://knightnewhousedata.org/fbs/sec/louisiana-state-university-and-agricultural-mechanical-college#!quicktabs-tab-where_the_money-1
This post was edited on 2/2/23 at 8:04 am
Posted on 2/2/23 at 8:41 am to Ponchy Tiger
quote:
ULL should be forced to balance their budget or disband athletics
How about ULM? Or every state school that plays football except Grambling and Northwestern in 2021? And I am sure that changes every year. I haven't seen the actual data for 2022 other than this article in the OP. I suspect all the schools have not published data yet and I am not sure how the authors of the OPs article account for institutional/state money being spent.
Here is some data. This is my source https://knightnewhousedata.org/fbs
Posted on 2/2/23 at 8:47 am to mdomingue
quote:
And I am sure that changes every year.
I think that was his argument, not just based on 2022 numbers but a running total is around a $3-4MM deficit on average for the Cajuns since 2019. The deficit that the Cajuns are running up over the past four calendar years is the equivalent of a year or more of athletics at the state's FCS participants.
Posted on 2/2/23 at 9:02 am to mdomingue
Grambling athletics claiming they have a million dollar surplus might be the funnest thing I’ve read this week.
Posted on 2/2/23 at 9:04 am to mdomingue
quote:
This is my source
That link is even more damning for the argument that their spending needs to be curtailed.
ULM and LTU transfer 12.5-13MM for institutional support. The FCS programs transfer 5-8MM. The Cajuns transferred 21.5MM. So they are transferring more than almost all the FCS departments combined, and over 60% more than their peers within the state.
Posted on 2/2/23 at 9:07 am to AwesomeSauce
2021 was not as bad but it was awful in 2019 & 2020. They have been doing a considerable amount of facility upgrades over the past few years. That may be why they went cheap with the Desormeaux hire.
They have also recently picked up significant donations including 10 Mil (over 10 years I think) from Our Lady of Lourdes. Many of those are part of trying to pay out the facilities upgrades.
ULL was hamstrung athletically by the previous school administration. The RCAF (the anemic ULL version of TAF) began at the onset of a new school president. It was always my understanding that the previous President would not allow that to be part of athletics there (was somewhat opposed to the typical things done to foster competitive athletics).
They have also recently picked up significant donations including 10 Mil (over 10 years I think) from Our Lady of Lourdes. Many of those are part of trying to pay out the facilities upgrades.
ULL was hamstrung athletically by the previous school administration. The RCAF (the anemic ULL version of TAF) began at the onset of a new school president. It was always my understanding that the previous President would not allow that to be part of athletics there (was somewhat opposed to the typical things done to foster competitive athletics).
Posted on 2/2/23 at 9:11 am to msutiger
quote:
Grambling athletics claiming they have a million dollar surplus might be the funnest thing I’ve read this week.
This is the accounting. I suspect they are a favored rent a win school
Posted on 2/2/23 at 9:18 am to AwesomeSauce
quote:
That link is even more damning for the argument that their spending needs to be curtailed.
ULM and LTU transfer 12.5-13MM for institutional support. The FCS programs transfer 5-8MM. The Cajuns transferred 21.5MM. So they are transferring more than almost all the FCS departments combined, and over 60% more than their peers within the state.
I would really like to see this broken down a bit more. I suspect all the renovations are part of this. But I really do not know. ULL needs to try to become a doormat in a bigger conference that generates more revenue. 65% of LSU's revenue comes from NCAA/Conference distributions, media rights, and post-season football. That is 12% of ULLs. Unfortunately for them, not sure any of them want ULL.
Posted on 2/2/23 at 9:20 am to mdomingue
quote:
They have been doing a considerable amount of facility upgrades over the past few years.
Showing they are carrying $2.5MM in debt. ULM is at 900K and LTU at 600K.
quote:
They have also recently picked up significant donations including 10 Mil (over 10 years I think) from Our Lady of Lourdes. Many of those are part of trying to pay out the facilities upgrades.
That can pay down their debt, but still leaves them in a net negative year to year. At the current rate that sponsorship will have them only showing to be 25-30MM in deficit, or 90% of their annual budget.
quote:
ULL was hamstrung athletically by the previous school administration.
I think most on here can sympathize with that. Faults of the previous administration still doesn't explain their deficit, government support, and debt being completely out of line with the other state institutions. If I were looking at these numbers like a business or if these were affiliates of an organization the numbers make it an easy candidate for heavy consolidation.
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