So our Athletic Department made $20 mil profit?

[ShotgunDawg]

Scott Stricklin ‏@stricklinMSU 26m
Looking at MSU's FY13 NCAA Financials. $62.8M in operating revenue ($20.9M from SEC, $16.9M gifts, $11.4M tickets, $4M sponsors) #HailState

Scott Stricklin ‏@stricklinMSU 26m
FY13 expenses include $19M in salaries, $6.5M tuition, $10M facilities (inc. maintenance), $4M travel and $2.6M game expenses. #HailState

I think we should be able to afford assistant coach salary bumps.

[Tough Dawg]

While I agree that we are in a financial position to bump up salaries for our assistants in particularly 2 of them. Collins and Townsend. I would imagine that 20 mil will be spread across all sports in some regards. It's all not kept for football's benefits.

[messageboardsuperhero]

Those revenue numbers seem about right- I knew it would come down a little bit because of the football facility gift last year.

ETA: But there's no way we have $20 mil. in profit.

[mparkerfd20]

While I agree that we are in a financial position to bump up salaries for our assistants in particularly 2 of them. Collins and Townsend. I would imagine that 20 mil will be spread across all sports in some regards. It's all not kept for football's benefits.

Yet is should be.

[dawgs]

Yet is should be.

we'd have to cancel every other sport then except maybe MBB and baseball. i wonder what kinda profits MBB and baseball brings in. but face it, football funds all the other sports at most major universities except maybe MBB and sometimes baseball (for the southern schools) or hockey (for the northern schools).

[Coach34]

We have the money to raise some salaries- and I believe we will. I'm not worried about it

[engie]

The exact numbers are out there. It's public record. We didn't make $20mil -- but the money we did make was substantial. Invested wisely, it's enough to cover the assistants' raises I've pined for for all eternity on interest alone...

[bully99]

Stricklin said profit was about 2 million NOT 20 million.

[engie]

Stricklin said profit was about 2 million NOT 20 million.

Link?

That's not what the official books say.

[Bully13]

Stricklin said profit was about 2 million NOT 20 million.

either way, I think most programs always invest any left over money back into the programs; screw the "we're in the black" LT crap

I'm sick of seeing our assistants at the ass end of the SEC pay scale...

[ShotgunDawg]

Stricklin said profit was about 2 million NOT 20 million.

Where did you read this?

There is a $20 mil difference in the operating expenses and revenue that Stricklin released. It may be less, but according to you, there is $18 mil unaccounted for?

I don't believe that

[messageboardsuperhero]

The exact numbers are out there. It's public record. We didn't make $20mil -- but the money we did make was substantial. Invested wisely, it's enough to cover the assistants' raises I've pined for for all eternity on interest alone...

It's crazy to see how far we've come recently- at the end of the LT era, we were struggling to bring in $30 mil. of revenue.

Fast-forward to present day, and we are routinely in the $60-70 mil. range with substantially more growth on the horizon.

[bluelightstar]

But I thought we were one assistant pay raise away from needing a government bailout of our athletic department**

[messageboardsuperhero]

Stricklin said profit was about 2 million NOT 20 million.

He said "Closer to $2 mil."

I read that as: "Our numbers were good, but our profit wasn't $20 million."

[bully99]

Twitter. Somebody asked him about a 20 million $ profit? .
Stricklin replied "Ha. I wish. Closer to $2 million".

[ShotgunDawg]

He said "Closer to $2 mil."

I read that as: "Our numbers were good, but our profit wasn't $20 million."

Not doubting you, but just trying to figure out where the $18 mil went.

Does anyone have any plausible explanation of where the missing $18 mil went?

Perhaps it's a financial thing we don't know about.

[engie]

What he said was factual -- but very misleading.

[ShotgunDawg]

What he said was factual -- but very misleading.

hmmm, please explain...

Does it have something to do with funny math to keep taxes down?

[Homedawg]

Housing, books etc not listed. It wasn't a complete list of expenses. Just includes those mentioned.

[engie]

hmmm, please explain...

Does it have something to do with funny math to keep taxes down?

No...

The actual number lies somewhere in the middle. It is actually "closer" to $2 mil than $20 mil.

Not really trying to be vague -- but I've done everything short of linking the numbers. They've been out there for a couple of weeks now -- when I REALLY started beating the drum for assistants to get raises.

Ole Miss managed to give assistants $400k worth of raises this offseason -- with an AD that turned 2.5% of the end-of-year profit that we did. The raises actually put them in the red if revenue next year stays the same...

[ScottH]

Does anyone have any plausible explanation of where the missing $18 mil went?

Perhaps it's a financial thing we don't know about.

I am not an accountant so if we have a CPA on board they can chime in past my elementary thoughts.
Possible items:
General & Administrative Expenses ( But not 18mm worth)
Interest Expense
Depreciation/ Other Non Cash Items (No idea how/if it's allocated between departments)
Interdeparment Transfers

[Bo Darville]

I filed a public records request for the missing 18 million. Here is what MSU sent me.


$0.02 - for the slots in Stricklin's loafers
$3,000.00 - Rick Ray membership to Hair Club for Men
$23,000.00 - medical deductible to remove Nickoe Whitley's foot from Bo Wallace's ass
$4,800.00 - continuing education (Cohen attended the Will James baseball school of statistics and what-not)
$28,000.00 - Beaver trapper invoice dated November 28, 2013 (didn't understand that one)
$36,412.00 - translator/interpreter/mindreader/psychic to read Boobie Dixon's tweets to team
$2,345,000.00 - fingerprinting kit, polygraph machine, and chinese water torture instruction booklet ordered by Bracky Brett
$1,545,000.00 - invoice from findakicker.com
$3,400,000.00 - driving school tuition for Quay Evans
$10,614,787.98 - dry cleaning bills for Chris Jones's cape

[TUSK]

http://wkrg.images.worldnow.com/images/2890754_G.jpg

[OurState]

I am not an accountant so if we have a CPA on board they can chime in past my elementary thoughts.
Possible items:
General & Administrative Expenses ( But not 18mm worth)
Interest Expense
Depreciation/ Other Non Cash Items (No idea how/if it's allocated between departments)
Interdeparment Transfers


All AD numbers are fuzzy. First the accrual accounting and can can be very different (if we spend $20mm on facilities then we could be cash flow negative but the expense would be depreciated over 20 years, so it would look like $1mm of expense for each of the next 20 years). Second, AD's can make numbers look as good or bad as they want with things like tuition. If you choose to charge the AD for 85 x full out of state tuition you can shift $ into academics. If you opt to go closer to free things look better. I think the revenue numbers are legit but a schools has a ton of flexibility on expenses.

[ShotgunDawg]

I filed a public records request for the missing 18 million. Here is what MSU sent me.


$0.02 - for the slots in Stricklin's loafers
$3,000.00 - Rick Ray membership to Hair Club for Men
$23,000.00 - medical deductible to remove Nickoe Whitley's foot from Bo Wallace's ass
$4,800.00 - continuing education (Cohen attended the Will James baseball school of statistics and what-not)
$28,000.00 - Beaver trapper invoice dated November 28, 2013 (didn't understand that one)
$36,412.00 - translator/interpreter/mindreader/psychic to read Boobie Dixon's tweets to team
$2,345,000.00 - fingerprinting kit, polygraph machine, and chinese water torture instruction booklet ordered by Bracky Brett
$1,545,000.00 - invoice from findakicker.com
$3,400,000.00 - driving school tuition for Quay Evans
$10,614,787.98 - dry cleaning bills for Chris Jones's cape

Very nice

[Bo Darville]

We have the money to raise some salaries- and I believe we will. I'm not worried about it

I believe you are correct. I think change is coming.