UW athletics financial picture
The full report is here: I promise this isn't citrus
- The overall financial projections keep getting better, although not to the degree we saw in FY17
- We sold almost 46K season tickets last year, and donations to the program are way up
- Basketball fell off a cliff, but because Hopkins is a good coach, we will be fine
- It looks like they're assuming about $2M/year from the apparel deal, which seems low to me
- They continue to talk about allowing beer & wine sales at Alaska Airlines Field at Husky Stadium™
Comments
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Holy fuck. I clicked the link. I'd rather have citrus than all that maff. Can someone just summarize all that shit and tell me if we are making money and stuff? TIA
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46k season tickets. Jesus fucking Christ. Just shut the program down.
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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. -
Yes, that's what I meant, but thank you for making my point much more eloquently. UCLA got $280M for 15 years and Michigan got $124M for 11 years, but some of that comes in the form of free apparel. My sense is that $8-10M/year is a reasonable estimate for what we'll get with the deal. Nike has the right to match, so whatever Adidas bids, we could theoretically force Nike to pay that amount per year.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. -
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5.7 is probably a good estimate in cash inflow, if not high. depending on the structure it's typically like 40% cash, 60% apparel so at 5.7 million in cash they are looking at a 10 million +/year deal. schools can arrange the agreement differently but Michigan's deal is 41% cash the rest comes in clothes/cleats/uniforms, etc.Woof said:
Yes, that's what I meant, but thank you for making my point much more eloquently. UCLA got $280M for 15 years and Michigan got $124M for 11 years, but some of that comes in the form of free apparel. My sense is that $8-10M/year is a reasonable estimate for what we'll get with the deal. Nike has the right to match, so whatever Adidas bids, we could theoretically force Nike to pay that amount per year.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. -
The longer a woman is in charge the worse the financials will be
Simple fact
Case closed -
Our female AD is better than your male one. HTH.Pitchfork51 said:The longer a woman is in charge the worse the financials will be
Simple fact
Case closed
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Between this and the Kendrick Lamar post I know you don't fuckPitchfork51 said:The longer a woman is in charge the worse the financials will be
Simple fact
Case closed -
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 -
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.
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GET MONEYWoof said: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.
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Fucking winning football cures all kinds of problems
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Damn, now projecting in the black for 2020+. Ich liebe Cohen.
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Top tier football coaches pay for themselves.
Water is wet. -
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dnc said:
Top tier football pays for everything.
Water is wet. -
Since when is Jood ever right?Woof said:
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." -
That’s a massive increaseWoof said: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.
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