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Topic:  Akron athletics revenue and expenses

Topic:  Akron athletics revenue and expenses
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giacomo
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Member Since: 11/20/2007
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  Message Not Read  Akron athletics revenue and expenses
   Posted: 3/10/2019 10:50:15 PM 
https://www.cleveland.com/datacentral/2019/03/how-univers...

Eye opening article and shows where MAC athletics have no business spending money.
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cbus cat fan
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/11/2019 9:53:03 AM 
Yes Giacomo, Akron continues to make head scratching decisions. It would appear the old saying; "If you build it they will come," doesn't apply here. First you had the massive building boom which only seemed to accomplish more debt with little result for which to show, and now this. Not a lot of positive headlines coming out of Zipland these days.
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SBH
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/11/2019 10:46:02 AM 
Not that our numbers are appreciably better...
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Alan Swank
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Member Since: 12/11/2004
Location: Athens, OH
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/11/2019 11:25:20 AM 
SBH wrote:
Not that our numbers are appreciably better...



To that end, I'm holding comment until all 11 Ohio schools data is reported. Looks like the series is going in alphabetical order.

Last Edited: 3/11/2019 11:26:31 AM by Alan Swank
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giacomo
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/11/2019 2:26:53 PM 
The MAC is on life support and if wasn't for the student fees athletics wouldn't exist. I'm okay with student fees, as the whole university operation doesn't make a profit. The problem I have is the coaches salaries are way out of whack. They shouldn't make any more than a college dean. By the way, does anyone know what the dean of the college of business, etc. makes?
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Recovering Journalist
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Location: Cleveland, OH
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/11/2019 2:29:41 PM 
giacomo wrote:
The MAC is on life support and if wasn't for the student fees athletics wouldn't exist. I'm okay with student fees, as the whole university operation doesn't make a profit. The problem I have is the coaches salaries are way out of whack. They shouldn't make any more than a college dean. By the way, does anyone know what the dean of the college of business, etc. makes?


Just shy of $300,000.

https://www.athensnews.com/news/campus/ou-releases-most-r...
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OhioCatFan
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Location: Athens, OH
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/11/2019 4:48:36 PM 
Recovering Journalist wrote:
giacomo wrote:
The MAC is on life support and if wasn't for the student fees athletics wouldn't exist. I'm okay with student fees, as the whole university operation doesn't make a profit. The problem I have is the coaches salaries are way out of whack. They shouldn't make any more than a college dean. By the way, does anyone know what the dean of the college of business, etc. makes?


Just shy of $300,000.

https://www.athensnews.com/news/campus/ou-releases-most-r...


Engineering dean: $258,096.00
Medical School dean: $414,842.00

Both of these figures are for 2014, which were the latest I could find. You can probably add 10 to 15 percent to get somewhere near their current salaries.

The only BLSS Certified Hypocrite on BA

"It is better to be an optimist and be proven a fool than to be a pessimist and be proven right."

Note: My avatar is the national colors of the 78th Ohio Veteran Volunteer Infantry, which are now preserved in a climate controlled vault at the Ohio History Connection. Learn more about the old 78th at: http://www.78ohio.org

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Mark Lembright '85
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Member Since: 8/22/2010
Location: Highland Heights, OH
Post Count: 2,447

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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/11/2019 7:57:48 PM 
giacomo wrote:
The MAC is on life support and if wasn't for the student fees athletics wouldn't exist. I'm okay with student fees, as the whole university operation doesn't make a profit. The problem I have is the coaches salaries are way out of whack. They shouldn't make any more than a college dean. By the way, does anyone know what the dean of the college of business, etc. makes?


Is the MAC in any worse position than it’s ever been? I have to imagine most if not all of the MAC school athletic programs have always existed predominantly on student fees. Ohio had no business building a 13,000 seat arena 50 years ago but it did, and has managed to survive. Ohio and the MAC will keep chugging along as they always have.

But totally totally agree that coaching salaries are way out of whack, but in connection to college, what isn’t? Tuition is obscenely out of whack.
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giacomo
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/11/2019 9:54:31 PM 
I think the problem with programs like ours is the thinking that if we just pay our coach more money we can elevate our program. Not true. Even bottom of the barrel power 5 have no business entering the arms race. We have no business paying our coaches more than 250-300k unless we had a Phil
Knight type of benefactor ponying up.
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OU_Country
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Member Since: 12/6/2005
Location: On the road between Athens and Madison County
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/12/2019 12:33:41 PM 
giacomo wrote:
I think the problem with programs like ours is the thinking that if we just pay our coach more money we can elevate our program. Not true. Even bottom of the barrel power 5 have no business entering the arms race. We have no business paying our coaches more than 250-300k unless we had a Phil
Knight type of benefactor ponying up.


I'm not sure the mindset is as simple as that. The mindset might related to spending across the board maybe, but not solely paying coaches more.
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Ohio69
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Member Since: 12/20/2004
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/12/2019 4:54:30 PM 

Hmmm. Seems like the PD is missing some revenue sources in the Akron breakdown. Where are concessions and marketing revenue and etc.?

Can somebody hit a pull up jumper for me?.....

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cbus cat fan
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/12/2019 8:01:27 PM 
Yikes, according to Rob Cornelius' Twitter account, (via Lucy Bryan an Akron athlete) the Zips can't even have any home track and field events due to the state of disrepair of their track.
https://twitter.com/robcwv?lang=en
https://twitter.com/_LucyBryan?lang=en

Last Edited: 3/12/2019 8:03:41 PM by cbus cat fan
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cbus cat fan
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/12/2019 8:20:48 PM 
Now the story shifts to Toledo. I didn't read the fine print when Giacomo first posted this story. It seems Cleveland.com will do a story on every Ohio school. Now it's Toledo's turn. Doing a cursory glance of these charts, am I correct in that the Cincy Bearcats have the biggest deficit?
https://www.cleveland.com/datacentral/2019/03/how-univers...

Last Edited: 3/12/2019 8:26:48 PM by cbus cat fan
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Alan Swank
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Member Since: 12/11/2004
Location: Athens, OH
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/12/2019 8:40:21 PM 
Looks like we had a $2.5 million deficit. First I've heard that. We also had the second highest costs of the 6 Ohio MAC schools behind Miami.
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IceCat76
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Location: Byfield, MA
Post Count: 252

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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/12/2019 9:16:33 PM 
I don’t see a deficit for us. How did you come up with that? But it is interesting that we have the lowest per student university subsidy. $718 per student
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OU_Country
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Member Since: 12/6/2005
Location: On the road between Athens and Madison County
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  Message Not Read  RE: Akron athletics revenue and expenses
   Posted: 3/12/2019 9:17:46 PM 
cbus cat fan wrote:
Now the story shifts to Toledo. I didn't read the fine print when Giacomo first posted this story. It seems Cleveland.com will do a story on every Ohio school. Now it's Toledo's turn. Doing a cursory glance of these charts, am I correct in that the Cincy Bearcats have the biggest deficit?
https://www.cleveland.com/datacentral/2019/03/how-univers...


While I can't see it as a line item in the link, it's worth considering that UC spent a lot of money upgrading several facilities in the last 3-5 years.
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