Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
But When Did Dannen Know KDB Wasn’t Coming Back?
Comments
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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.YellowSnow said:
So riddle me this @FireTheJanitor and the rest of the crew...FireTheJanitor said:
Pretty sure we’re close to an upper campus announcement on the stadium debt that would clear a lot of that issue up.pawz said:
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.YellowSnow said:
This is a year our of date, but still...pawz said:
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).YellowSnow said:
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!pawz said:
Need and want are irrelevant. Debt Service is no joke.YellowSnow said:
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".pawz said:
Probably not at least until the vice of stadium debt is in the rear view mirror.YellowSnow said:
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.Fishpo31 said:
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.YellowSnow said:
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.Tequilla said:
It really is mind numbingYellowSnow said:This sums up my beef with DeBoer.
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.
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
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.
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...
No joke when the AD budget is in the range of $30+ milly.
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/
It's not looking good.
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
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. -
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.pawz said:
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.YellowSnow said:
This is a year our of date, but still...pawz said:
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).YellowSnow said:
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!pawz said:
Need and want are irrelevant. Debt Service is no joke.YellowSnow said:
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".pawz said:
Probably not at least until the vice of stadium debt is in the rear view mirror.YellowSnow said:
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.Fishpo31 said:
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.YellowSnow said:
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.Tequilla said:
It really is mind numbingYellowSnow said:This sums up my beef with DeBoer.
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.
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
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.
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...
No joke when the AD budget is in the range of $30+ milly.
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/
It's not looking good.
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. -
They were chocolate croissants…not doughnuts.FireTheJanitor said:
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.YellowSnow said:
So riddle me this @FireTheJanitor and the rest of the crew...FireTheJanitor said:
Pretty sure we’re close to an upper campus announcement on the stadium debt that would clear a lot of that issue up.pawz said:
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.YellowSnow said:
This is a year our of date, but still...pawz said:
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).YellowSnow said:
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!pawz said:
Need and want are irrelevant. Debt Service is no joke.YellowSnow said:
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".pawz said:
Probably not at least until the vice of stadium debt is in the rear view mirror.YellowSnow said:
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.Fishpo31 said:
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.YellowSnow said:
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.Tequilla said:
It really is mind numbingYellowSnow said:This sums up my beef with DeBoer.
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.
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
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.
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...
No joke when the AD budget is in the range of $30+ milly.
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/
It's not looking good.
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
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. -
It includes $13 million in debt service and other related costs. Though yes, the increase (balloon) can't be ignored.pawz said:
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.YellowSnow said:
This is a year our of date, but still...pawz said:
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).YellowSnow said:
You can pry my 2.95% APR 30 year fixed from my cold dead hands, pal!!!pawz said:
Need and want are irrelevant. Debt Service is no joke.YellowSnow said:
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".pawz said:
Probably not at least until the vice of stadium debt is in the rear view mirror.YellowSnow said:
I wonder if we’ll ever get to a point when universities don’t want to deal with this malarkey anymore.Fishpo31 said:
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.YellowSnow said:
It's beyond the pale of @Mad_Son settlement, even in this fucked up age of college football.Tequilla said:
It really is mind numbingYellowSnow said:This sums up my beef with DeBoer.
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.
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
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.
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...
No joke when the AD budget is in the range of $30+ milly.
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/
It's not looking good.
