Ole Miss AD finances (WBB is shocking)

FriendlySpartan

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Jul 26, 2021
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Does making them employees make Title IX irrelevant? I’m asking cause I don’t know how that would work.
Nope not for schools that receive federal funds, this could be challenged but that’s what is going to kill college athletics. Paying players would have to be evenly split which is going to lead to lawsuits and a ton of issues. Say goodbye to all Olympic sports at the P4 level unless there is a wealthy donor willing to pony up. That’s not even getting into schools being crushed by health care issues. Title 9 will be challenged if that passes but it’s held up very well in court before.
 

RealisticCy

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Nov 2, 2014
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It's all about accounting. Ole Miss is claiming $9.5M in wbb expenses.

Partial breakdown of those expenses:

$570k in scholarships
$1.9M in coaching salaries
$920k in support staff
$290k in recruiting
$1.4M in travel
$270k in supplies
$2.4M in facilities (lease/debt/rental)
$700k in admin expenses

I'm guessing some schools partition some of these expenses to individual sports and others lump them up together as a separate item.
Ole Miss WBB team spends more on travel than Iowa State WBB spends on everything..........along with $1.6 million in support staff and administration who obviously can't find a travel deal.

Those expenses are ridiculous.
 

Clonehomer

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Apr 11, 2006
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Nope not for schools that receive federal funds, this could be challenged but that’s what is going to kill college athletics. Paying players would have to be evenly split which is going to lead to lawsuits and a ton of issues. Say goodbye to all Olympic sports at the P4 level unless there is a wealthy donor willing to pony up. That’s not even getting into schools being crushed by health care issues. Title 9 will be challenged if that passes but it’s held up very well in court before.

So it’s going to kill all men’s Olympic sports.
 
  • Agree
Reactions: BigCyFan

83cy

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May 14, 2006
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One thing that doesn't get taken into account though is the indirect benefits these sports provide to the overall picture.

Like, how many fans that are big supporters of football\mens basketball and have their revenue accounted for in that bucket are also big fans of sports like wbb\wrestling\volleyball being competitive? How much do those sports keep those types in the fold when football\mbb are having down periods. The dollars show up in the football or mbb accounting, but being successful/competitive in other areas is part of the 'total package' to many.
Simple answer: Not enough!
 

SolterraCyclone

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Jul 26, 2021
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Nope not for schools that receive federal funds, this could be challenged but that’s what is going to kill college athletics. Paying players would have to be evenly split which is going to lead to lawsuits and a ton of issues. Say goodbye to all Olympic sports at the P4 level unless there is a wealthy donor willing to pony up. That’s not even getting into schools being crushed by health care issues. Title 9 will be challenged if that passes but it’s held up very well in court before.
They could try spinning off football so it’s separate from the athletic department and license the University name. Make the license fees whatever you need and apply them to the athletic budget. That might skirt around Title IX. I honestly don’t know.
 

cayin

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Apr 11, 2006
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INCREDIBLE expense mgmt by FB to be 46% of revenue and only 24% of expenses.

If private equity steps in to save some of these struggling college athletic departments, it will get UGLY for everyone not in MBB and FB
yet they have 14 mil in NIL for football this off season.
 

Die4Cy

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Jan 2, 2010
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They could try spinning off football so it’s separate from the athletic department and license the University name. Make the license fees whatever you need and apply them to the athletic budget. That might skirt around Title IX. I honestly don’t know.
The only way you will skirt around Title 9 is to have Congress grant you an exemption from it. Now, that might be conceivable, especially if Congress grants them an antitrust exemption to get around other rules that prevent bargaining together as a league. But politically it would be a hornet's nest and there is no way a closely divided Congress even tries to do it.
 

Cyforce

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Their basketball teams wipe out the profits from football. Crazy.
Would assume they are figuring a renovation project to their arena where they are amortizing out at the shortest possible term and being split 50/50 by men's and women's basketball. Basically zeroing out the department's net. Difference between the two BB programs is additional ticket revenue by the men's program.
 

cyspy

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Jul 24, 2011
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And the vast majority of women’s.
On December 4th of last year Jason Belzer of Athlete NIL said on an interview with the Baylor boys on 365 sports that he believes when student-athletes become employees women's sports in his words will be "gutted." That's just his opinion.
 

CycloneSpinning

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Mar 31, 2022
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Never ever ever take accounting numbers on the face without knowing the real story. The amount of lying you can do is pretty impressive.

Signed,

A CPA
This. The question here isn’t why their basketball teams (and WBB in particular) lose so much money. It’s why is their a tax benefit to them showing things this way.