There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
Pretty sure we’re close to an upper campus announcement on the stadium debt that would clear a lot of that issue up.
Other favorable factors for 2023/24 numbers:
$12M from Bama Strong ticket sales in ‘23 UW has probably never sold more apparel via its licensing agreements than it did in ‘23 A lot of the Lake buyout goes away, if not all (too lazy to look further) You’re paying Fisch ~$2M less than you would have paid KDB too
There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
Meh... 4 million doesn't seem like much if you are churning 140+ million a year. Also who knows what is really going on when you have serviced debt, deferments, deductions, and depreciation tricks all going towards reducing possible tax burdens. Also a new conference and new media deals all in a few months.
There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
Sounds like we can borrow against the future (TITTT) a bit with B1G money so the media share will probably go up in future year a bit. But sure would be nice to have gone in at a full share.
There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
Pretty sure we’re close to an upper campus announcement on the stadium debt that would clear a lot of that issue up.
Other favorable factors for 2023/24 numbers:
$12M from Bama Strong ticket sales in ‘23 UW has probably never sold more apparel via its licensing agreements than it did in ‘23 A lot of the Lake buyout goes away, if not all (too lazy to look further) You’re paying Fisch ~$2M less than you would have paid KDB too
UW averaged 6k more fans a game in 2023 vs 2022. That alone more than makes up $4M.
There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
Pretty sure we’re close to an upper campus announcement on the stadium debt that would clear a lot of that issue up.
Other favorable factors for 2023/24 numbers:
$12M from Bama Strong ticket sales in ‘23 UW has probably never sold more apparel via its licensing agreements than it did in ‘23 A lot of the Lake buyout goes away, if not all (too lazy to look further) You’re paying Fisch ~$2M less than you would have paid KDB too
I THINK Jimmy Lake had a ~$3 mil a year 5 year contract fully guaranteed through the 2024 season... so this will be the last year he is getting that ~3 million
unless they negotiated something different quietly, instead of the whole fired with cause for brutally beating a helpless child on the 50 in the middle of a game...
There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
Pretty sure we’re close to an upper campus announcement on the stadium debt that would clear a lot of that issue up.
Other favorable factors for 2023/24 numbers:
$12M from Bama Strong ticket sales in ‘23 UW has probably never sold more apparel via its licensing agreements than it did in ‘23 A lot of the Lake buyout goes away, if not all (too lazy to look further) You’re paying Fisch ~$2M less than you would have paid KDB too
So riddle me this @FireTheJanitor and the rest of the crew...
Clearly, Universities like UW, care enough still about football as the "front porch" to have to deal with all the bullshit of professional college football. And if UW as an institution wants to keep being in the pro sports bidness, why can't they chip in a few bucks to keep the AD from going under as it relates to paying for a "public" asset like Husky Stadium.
There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
Pretty sure we’re close to an upper campus announcement on the stadium debt that would clear a lot of that issue up.
Other favorable factors for 2023/24 numbers:
$12M from Bama Strong ticket sales in ‘23 UW has probably never sold more apparel via its licensing agreements than it did in ‘23 A lot of the Lake buyout goes away, if not all (too lazy to look further) You’re paying Fisch ~$2M less than you would have paid KDB too
UW averaged 6k more fans a game in 2023 vs 2022. That alone more than makes up $4M.
There's windfall as well from the Sugar and the NC though idk how that gets parsed with the PAC 2 deal.
There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
The severance payment number is pure insanity
I'd be willing to bet that there is fat in that administrative number
There's definitely areas to streamline the expenses
But what the numbers highlight is that growing revenues was a paramount concern and why staying in the PAC wasn't an option
There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
Sounds like we can borrow against the future (TITTT) a bit with B1G money so the media share will probably go up in future year a bit. But sure would be nice to have gone in at a full share.
I believe the number if $10M per year against future numbers in the next window when we're full share members
My understanding is that we've already elected to do so
There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
Pretty sure we’re close to an upper campus announcement on the stadium debt that would clear a lot of that issue up.
Other favorable factors for 2023/24 numbers:
$12M from Bama Strong ticket sales in ‘23 UW has probably never sold more apparel via its licensing agreements than it did in ‘23 A lot of the Lake buyout goes away, if not all (too lazy to look further) You’re paying Fisch ~$2M less than you would have paid KDB too
So riddle me this @FireTheJanitor and the rest of the crew...
Clearly, Universities like UW, care enough still about football as the "front porch" to have to deal with all the bullshit of professional college football. And if UW as an institution wants to keep being in the pro sports bidness, why can't they chip in a few bucks to keep the AD from going under as it relates to paying for a "public" asset like Husky Stadium.
I think our BCP AMC is about to announce just that. Been a lot of rumblings that they are going to take on stadium debt in some capacity. I haven’t been working the donut table at the Bellevue AIDS Foundation breakfasts like @thechatch so wouldn’t claim to have more specific insight into the details.
There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
Uh, the point doesn't stand. Debt financing being 40% of your AD budget is a much different story than it being 8%. You're right that the payment increases to $17.7m once principal repayment kicks in, but we're only talking 11-12% of the budget at that time. And that proportion will of course continue to shrink once the real B1G dollars start coming in.
The stadium debt really isn't that remarkable, and is par for the course for any non-pro sports team that can't use relocation as a tool to extort state dollars to pay for the whole thing. People are too hung up on the whole covid finances setback. Sure, it was a kick in the balls, but as Wayne said, you have to skate where the puck is going. And in about six years we'll be doubling our TV revenue and operating well into the black if we so choose.
A lot can happen in six years, but the department is pretty well positioned.
There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
Pretty sure we’re close to an upper campus announcement on the stadium debt that would clear a lot of that issue up.
Other favorable factors for 2023/24 numbers:
$12M from Bama Strong ticket sales in ‘23 UW has probably never sold more apparel via its licensing agreements than it did in ‘23 A lot of the Lake buyout goes away, if not all (too lazy to look further) You’re paying Fisch ~$2M less than you would have paid KDB too
So riddle me this @FireTheJanitor and the rest of the crew...
Clearly, Universities like UW, care enough still about football as the "front porch" to have to deal with all the bullshit of professional college football. And if UW as an institution wants to keep being in the pro sports bidness, why can't they chip in a few bucks to keep the AD from going under as it relates to paying for a "public" asset like Husky Stadium.
I think our BCP AMC is about to announce just that. Been a lot of rumblings that they are going to take on stadium debt in some capacity. I haven’t been working the donut table at the Bellevue AIDS Foundation breakfasts like @thechatch so wouldn’t claim to have more specific insight into the details.
There’s always going to be other great opportunities out there for great coaches.
But you don’t have 1 foot out the door in year 2 in the middle of a Natty run.
Fuck that guy forever.
It really is mind numbing
The reason you get into the sports business at a high level is to compete and win championships … if you do that the money follows
To torpedo your chances when you get that chance (and there’s no guarantee you’ll ever get that chance again) speaks volumes about your character and priorities
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.
DeBoer had ZERO connection to Bamma or the SEC.
He was already in a Year 2 CFP/Natty run at a Top 10 to 20 type program about to triple the original salary. And that's not good enough to still around for 4 or 5 years? What the fuck.
I guess the lack of recruiting was a tell that people like me who hate TBSing ignored at our peril.
Who were the names in consideration? All Jimmy Sexton guys, every fucking one of them. I've dealt with enough agents to know that if Deboer would have signed that contract at Thanksgiving, he would currently be shopping for a new agent. Football coaches coach football. Agents make money, for their clients, and for themselves.
Not only did Sexton get Deboer paid, he gets the rest of his stable paid to boot. The average sports agent takes between 4-10%, and I'd bet Jimmy is a LOT closer to 10 than 4. Kalen didn't have an "in" at Bama, but Jimmy did...That's why agents get paid.
IDK about the TBS stuff, but it was (after the fact), and continues to be apparent that it affected Deboer rolling to the end of what was a monumental season. By appearances, he didn't handle it well, at all.
You're not in Sioux Falls any more, Toto...
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.
Probably not at least until the vice of stadium debt is in the rear view mirror.
Was the stadium that much "vice" though? $250 million seems rather cheap looking at what new stadiums run these days, and I would describe it as more of a "need" than a "want".
Need and want are irrelevant. Debt Service is no joke.
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!
In this case nominal dollars are chimportant. I thought I read that $12-14 Million are owed this year in stadium det service. (I'm open to being corrected).
No joke when the AD budget is in the range of $30+ milly.
This is a year our of date, but still...
Washington Fiscal Year (2022) Revenues Ticket sales $29,198,790 Direct state or other government support $0 Student fees $0 Direct institutional support $15,082,998 Guarantees (from participation in away games) $1,148,500 Contributions $28,037,008 Media rights $28,004,249 NCAA distributions $3,492,814 Conference distributions (non-media, non-bowl games) $271,750 Conference distributions of bowl games $8,174,647 Program, novelty, parking, concession sales $3,672,058 Royalties, licensing, advertisements, sponsorships $20,179,991 Sports camps $167,545 Athletics endowments and inviestments incomes $4,080,279 Other operationg revenue $3,674,235 Football bowl revenues $0 Total $145,184,864
Washington Fiscal Year (2022) Expenses Athletic student aid $16,091,981 Guarantees (paid to visiting teams) $3,141,470 Coaching salaries, benefits, bonuses $22,428,675 Support staff/administrative compensation $21,440,380 Severance payments $17,762,328 Recruiting $2,490,978 Team travel $8,870,323 Equipment, uniforms, supplies $6,915,974 Game expenses $9,963,884 Fund raising, marketing, promotion $1,517,596 Sports camps $144,625 Spirit groups $785,848 Athletic facilities debt service, leases and rental fee $12,964,179 Direct overhead and administrative expenses $7,524,689 Medical expenses and insurance $1,752,722 Memberships and dues $112,073 Student-athlete meals (non-travel) $3,508,566 Other operating expenses $12,042,632 Bowl expenes $0 Total $149,458,923 https://theathletic.com/4151864/2023/02/03/washington-huskies-athletics-spending/
So obviously I was WAY off on the $30m number. That said poont still stands. This budget is showing $4m in red ink. Then add the stadium principal debt payments that start this year in excess of 8-figures.
It's not looking good.
It includes $13 million in debt service and other related costs. Though yes, the increase (balloon) can't be ignored.
Comments
Other favorable factors for 2023/24 numbers:
$12M from Bama
Strong ticket sales in ‘23
UW has probably never sold more apparel via its licensing agreements than it did in ‘23
A lot of the Lake buyout goes away, if not all (too lazy to look further)
You’re paying Fisch ~$2M less than you would have paid KDB too
unless they negotiated something different quietly, instead of the whole fired with cause for brutally beating a helpless child on the 50 in the middle of a game...
Clearly, Universities like UW, care enough still about football as the "front porch" to have to deal with all the bullshit of professional college football. And if UW as an institution wants to keep being in the pro sports bidness, why can't they chip in a few bucks to keep the AD from going under as it relates to paying for a "public" asset like Husky Stadium.
I'd be willing to bet that there is fat in that administrative number
There's definitely areas to streamline the expenses
But what the numbers highlight is that growing revenues was a paramount concern and why staying in the PAC wasn't an option
My understanding is that we've already elected to do so
The stadium debt really isn't that remarkable, and is par for the course for any non-pro sports team that can't use relocation as a tool to extort state dollars to pay for the whole thing. People are too hung up on the whole covid finances setback. Sure, it was a kick in the balls, but as Wayne said, you have to skate where the puck is going. And in about six years we'll be doubling our TV revenue and operating well into the black if we so choose.
A lot can happen in six years, but the department is pretty well positioned.