UW athletics financial picture
Comments
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https://www.seattletimes.com/sports/uw-husky-football/nike-adidas-university-of-washington-athletics-closing-in-on-major-payday-with-new-apparel-deal/
Cohen Said:
“We want to be with a partner that has an exciting brand, that resonates with students and with fans. That’s critical too,” she said. “We also want a partner that’s willing to invest in our success — someone that wants to see Washington win championships in all of our sports and is willing to support that vision and market that vision and go arm in arm with us. That’s the kind of edge we’re looking for, and those are the kinds of factors we’re evaluating when we make our final decision.” She also went on to say: "We? also want to partner with a company that knows how to make a fashionable and versatile black sleeve that both fans and recruits yern for." -
pic?Swaye said:
Normally I'd agree, but you must not have noticed that Jen Cohen throws those big floppies around like a hammer dong and crushes people like you.Pitchfork51 said:The longer a woman is in charge the worse the financials will be
Simple fact
Case closed -
As I've said before, and I'm sure I'm not the only former season ticket holder.Dennis_DeYoung said:46k season tickets. Jesus fucking Christ. Just shut the program down.
I'm never buying season tickets again until the majority of our games start before 4pm. -
Always about the blicks (BBC) with Jen.DawgWagonDan said:https://www.seattletimes.com/sports/uw-husky-football/nike-adidas-university-of-washington-athletics-closing-in-on-major-payday-with-new-apparel-deal/
Cohen Said:
“We want to be with a partner that has an exciting brand, that resonates with students and with fans. That’s critical too,” she said. “We also want a partner that’s willing to invest in our success — someone that wants to see Washington win championships in all of our sports and is willing to support that vision and market that vision and go arm in arm with us. That’s the kind of edge we’re looking for, and those are the kinds of factors we’re evaluating when we make our final decision.” She also went on to say: "We? also want to partner with a company that knows how to make a fashionable and versatile black sleeve that both fans and recruits yern for." -
I would love to be crushed by themSwaye said:
Normally I'd agree, but you must not have noticed that Jen Cohen throws those big floppies around like a hammer dong and crushes people like you.Pitchfork51 said:The longer a woman is in charge the worse the financials will be
Simple fact
Case closed -
If Jood is right and we give Nike a hometown discount it will be the first wrong move Cohen has made. I don't care who we go with as long as they give us oodles of money. If our uniforms are ugly, it's our fault for not telling them what we want and approving their designs.DawgWagonDan said:https://www.seattletimes.com/sports/uw-husky-football/nike-adidas-university-of-washington-athletics-closing-in-on-major-payday-with-new-apparel-deal/
Cohen Said:
“We want to be with a partner that has an exciting brand, that resonates with students and with fans. That’s critical too,” she said. “We also want a partner that’s willing to invest in our success — someone that wants to see Washington win championships in all of our sports and is willing to support that vision and market that vision and go arm in arm with us. That’s the kind of edge we’re looking for, and those are the kinds of factors we’re evaluating when we make our final decision.” She also went on to say: "We? also want to partner with a company that knows how to make a fashionable and versatile black sleeve that both fans and recruits yern for." -
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Coming back to the financial outlook, from a cash perspective the forecast is pretty close to what the new deal is. From Jood: "Adidas has agreed to pay the Huskies $5.275 million annually in cash, $5.58 million annually in product and $1.1 million annually for marketing."UWhuskytskeet said:I think it's $2.2M additional revenue for the apparel deal.
Royalties, Adv & Sponsorships:
FY19: $16,507,421
FY20: $21,699,796
FY21: $18,741,140
Assuming everything else in that category is constant, I'm guessing there is a signing bonus for the first year of the new deal (FY20). They are currently getting $3.5M/year. At $5.7M they are being very conservative and are planning on a new agreement with Nike. Oregon is getting $8M/year with Nike, I'd guess we'd be closer to just under that. Adidas is rumored to be offering close to $10M/year.
I presume that the $5.58M in product is primarily used to outfit our teams, although I know many deals include a significant amount of free apparel that is then sold by the university at almost 100% profit. If that's the case, I'm guessing gets us to the $2.2M bump annually, as the cash difference is only $1.725M.
I'm curious about what the $1.1M in marketing consists of. I did a quick scan through other recent mega deals and they have sweeteners like internships for students and t-shirts for student sections, but nothing about marketing that I could find. -
The article says the 3.5 million from Nike includes cash and product, so the actual cash amount increase would be greater. Assuming the Nike contact is split nearly 50/50 like the Adidas it would be more like a 3.5 Mill increase in cash annually.Woof said:
Coming back to the financial outlook, from a cash perspective the forecast is pretty close to what the new deal is. From Jood: "Adidas has agreed to pay the Huskies $5.275 million annually in cash, $5.58 million annually in product and $1.1 million annually for marketing."UWhuskytskeet said:I think it's $2.2M additional revenue for the apparel deal.
Royalties, Adv & Sponsorships:
FY19: $16,507,421
FY20: $21,699,796
FY21: $18,741,140
Assuming everything else in that category is constant, I'm guessing there is a signing bonus for the first year of the new deal (FY20). They are currently getting $3.5M/year. At $5.7M they are being very conservative and are planning on a new agreement with Nike. Oregon is getting $8M/year with Nike, I'd guess we'd be closer to just under that. Adidas is rumored to be offering close to $10M/year.
I presume that the $5.58M in product is primarily used to outfit our teams, although I know many deals include a significant amount of free apparel that is then sold by the university at almost 100% profit. If that's the case, I'm guessing gets us to the $2.2M bump annually, as the cash difference is only $1.725M.
I'm curious about what the $1.1M in marketing consists of. I did a quick scan through other recent mega deals and they have sweeteners like internships for students and t-shirts for student sections, but nothing about marketing that I could find. -
Double post. They already updated the financial numbers in the document with the pro-forma adidas contract. They are forecasting about a $4.5M jump in royalties per year from FY20 forward. This is on top of the increase they were already projecting.
