-
So our Athletic Department made $20 mil profit?
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.
-
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.
-
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.
Last edited by messageboardsuperhero; 01-10-2014 at 06:17 PM.
-
Originally Posted by
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.
Yet is should be.
-
Originally Posted by
mparkerfd20
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).
-
We have the money to raise some salaries- and I believe we will. I'm not worried about it
Walk like the King or walk like you don't care who the King is
-
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...
-
Senior Member
Stricklin said profit was about 2 million NOT 20 million.
-
Originally Posted by
bully99
Stricklin said profit was about 2 million NOT 20 million.
Link?
That's not what the official books say.
-
Originally Posted by
bully99
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...
-
Originally Posted by
bully99
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
-
Originally Posted by
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...
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.
-
But I thought we were one assistant pay raise away from needing a government bailout of our athletic department**
-
Originally Posted by
bully99
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."
-
Senior Member
Twitter. Somebody asked him about a 20 million $ profit? .
Stricklin replied "Ha. I wish. Closer to $2 million".
-
Originally Posted by
messageboardsuperhero
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.
-
What he said was factual -- but very misleading.
-
Originally Posted by
engie
What he said was factual -- but very misleading.
hmmm, please explain...
Does it have something to do with funny math to keep taxes down?
-
Housing, books etc not listed. It wasn't a complete list of expenses. Just includes those mentioned.
-
Originally Posted by
ShotgunDawg
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...
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
Disclaimer: Elitedawgs is a privately owned and operated forum that is managed by alumni of Mississippi State University. This website is in no way affiliated with the Mississippi State University, The Southeastern Conference (SEC) or the National Collegiate Athletic Association (NCAA). The views and opinions expressed herein are strictly those of the post author and may not reflect the views of other members of this forum or elitedawgs.com. The interactive nature of the elitedawgs.com forums makes it impossible for elitedawgs.com to assume responsibility for any of the content posted at this site. Ideas, thoughts, suggestion, comments, opinions, advice and observations made by participants at elitedawgs.com are not endorsed by elitedawgs.com
Elitedawgs: A Mississippi State Fan Forum, Mississippi State Football, Mississippi State Basketball, Mississippi State Baseball, Mississippi State Athletics. Mississippi State message board.