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2012 revenue numbers out

Discussion in 'Colorado Football Message Board' started by sliderNcider, May 8, 2013.

  1. sliderNcider

    sliderNcider MacLovin Club Member

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    We rank 49th in AD revenue with $57,098,868 and expenses at $54,257,246. I wonder how much basketball contributed.

    bcs schools behind us are Iowa St, Ole Miss, Mizzou, Cinci, USF, Washington St, and Utah (also Boise St)

    http://www.usatoday.com/sports/college/schools/finances/
     
  2. Highlander

    Highlander Club Member Club Member

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    Local paper article this morning stating the football program will be reporting a sizable loss. $2M off ticket sales, $2M to payout old coaching staff, higher coaching salaries for HCMM and his group, plus lower revenue due to Directv not being on board yet.

    That type of pre-announcement typically means its going to bad - really bad.
     
  3. sliderNcider

    sliderNcider MacLovin Club Member

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    Revenue

    YearTicket SalesContributionsRights LicensingStudent FeesSchool FundsOtherTotal Revenue
    2012
    $13,826,171
    $12,512,545
    $10,915,345
    $1,554,720
    $14,360,676
    $3,929,411
    $57,098,868
    2011
    $13,515,287
    $13,537,986
    $15,975,108
    $1,561,472
    $13,956,677
    $2,376,723
    $60,923,253
    2010
    $13,438,344
    $11,024,787
    $14,973,276
    $1,579,971
    $5,749,619
    $2,755,520
    $49,521,517
    2009
    $14,196,471
    $10,278,509
    $15,208,197
    $1,555,065
    $5,759,695
    $2,861,756
    $49,859,693
    2008
    $14,807,635
    $12,674,561
    $14,292,494
    $1,516,559
    $6,320,000
    $3,020,647
    $52,631,896
    2007
    $11,043,754
    $10,609,323
    $11,973,390
    $1,509,076
    $4,755,638
    $2,463,476
    $42,354,657
    2006
    $11,516,892
    $8,099,789
    $13,880,972
    $1,499,487
    $9,853,931
    $2,020,725
    $46,871,796
    2005
    $10,830,764
    $1,325,064
    $13,086,642
    $1,520,071
    $1,642,497
    $7,446,753
    $35,851,791


    Expenses:

    YearCoaching StaffScholarshipsBuildings/GroundsOtherTotal Expenses
    2012
    $18,092,036
    $8,055,731
    $10,250,626
    $17,858,853
    $54,257,246
    2011
    $17,332,974
    $7,393,107
    $8,107,708
    $26,352,831
    $59,186,620
    2010
    $15,544,548
    $6,935,990
    $8,541,310
    $17,569,067
    $48,590,915
    2009
    $16,569,900
    $6,452,189
    $9,201,000
    $15,984,232
    $48,207,321
    2008
    $15,513,330
    $6,351,417
    $10,220,984
    $16,282,524
    $48,368,255
    2007
    $12,717,169
    $6,144,571
    $8,003,419
    $12,838,249
    $39,703,408
    2006
    $12,404,254
    $6,165,776
    $8,748,203
    $18,413,309
    $45,731,542
    2005
    $11,025,404
    $5,551,814
    $7,089,864
    $12,947,632
    $36,614,714
     
    Last edited: May 8, 2013
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  4. Gold

    Gold Well-Known Member

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    Thanks for posting. Moral of the story: losing = half empty stadiums = coaches getting fired.
     
  5. absinthe

    absinthe Ambitious but rubbish. Club Member Junta Member

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  6. SuperiorBuff

    SuperiorBuff Well-Known Member

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    fify
     
  7. BlackNGold

    BlackNGold Club Member Club Member

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    It would be interesting to know what school funds mean. Is that the money that CUAD is borrowing from the Foundation? Right now CUAD is $22 Million in the hole. Basketball will not make any money at the moment (and probably loses a lot). A major source of revenue for Basketball is the NCAA tournament distribution to the conferences, CU was getting about $2.5 million from the old Big 12 for Basketball with most of that being Tourney money (formula is really complex). CU received very little money from the PAC last year and was given a gift of $6 million from the School and the Foundation to cover the conference transition shortfall. ($9.5 million from the old Big 12 and only $3.5 million from the PAC 12 last year.)
     
  8. Quattro

    Quattro Banned BANNED Club Member

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    Well men's bball was profitable (again) and with the success of the women's I don't see a loss of money for basketball, or if there is its not much. The biggest is coming from the $2.5M loss in football ticket sales revenue b
     
  9. BlackNGold

    BlackNGold Club Member Club Member

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    CU lost money on Basketball - womens has never made a profit. The problem is no tourney share for basketball. Just because you want to claim it made a profit does not make it a fact. CU ticket revenues for Basketball is very small....
     
  10. absinthe

    absinthe Ambitious but rubbish. Club Member Junta Member

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    Your numbers don't quite match with my understanding of the basketball financing situation, and frankly even though JG and I have put a ton of time into figuring it out the number are clear as mud. There appears to be some sort of revenue diversion going on from our basketball numbers (perhaps to cover the practice facility). The men's program itself is profitable, you are correct that women are not, they are a huge cost that the men shoulder, add to that they also shoulder a portion of costs not just from their team but all sports that utilize Coors events and the practice facility. That said with our season tickets completely sold out last year and Coors drawing an average of 10k we were very much profitable last season.

    The tourney money formula while some what complex is understandable, it is a partial rev-share that you can break down into "game units" where one game played by 1 team equals a game unit, paid as an annuity over time. So if CU played Cal in the first round the conference would earn 2 game units. While it was especially bad for last year for the pac-12 it has returned to roughly average this year, being out earned by only: The A-10, Big east and Big-10. This season only two conferences to have a chance of distributing 2.5 million to their schools for 2013 (in which the game unit value was the highest ever) they are the Big East and and Big-10. It is possible for 2002 & 2003 that the big 12 earned the kind of money you are referencing as average but given how much things have ramped up in the past 5 years I think that is highly unlikely.

    Here are some good reads:
    http://winthropintelligence.com/201...all-tournament-this-years-unit-payouts-after/
    http://businessofcollegesports.com/2012/03/02/how-much-money-do-conferences-earn-from-march-madness/

    the annuity approach of the payouts:
    http://www.forbes.com/sites/chrissm...-trip-to-the-final-four-is-worth-9-5-million/

    Given their relative parity over the past 15 years (2 titles and 2 runner ups vs 1&2 for the big 12) and a combined total of 7 final fours respectively the conference earning powers should be similar with the annuities factored in.
     
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  11. Quattro

    Quattro Banned BANNED Club Member

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    I know the women's team didn't turn a profit, women's sports never do (or seldom do) but the women mitigated that loss some with ticket sales revenue (we were #2 in PAC 12 attendance iirc) and the tournament appearance. Men's was profitable and with all time high attendance and season ticket numbers so I have a tough time seeing the basketball program as a whole turn a profit.

    Speaking of the tournament for women, since we held a round in Boulder did the AD get any revenue sharing from it?
     
  12. BlackNGold

    BlackNGold Club Member Club Member

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    CU season tickets are about $15 per game at the high end of the scale and $4 per game at the low end of the scale. Attendance averaged about 10,400 per game. How many of those were students who basically get in for $35 for the whole season $2 per game. I would guess the average Ticket revenue for a CU home game is about $100,000 Max. so about $1.5 million - less than one FB game of revenue. CU's Men's Basketball expenses are about $4 million per year. Without the Tourney distribution of $2.8 million CU comes up about $2.5 million short.

    CU does not get paid directly for the tournament appearance. NCAA pays the conference for tourney shares earned over a 5 year time period - CU is getting none of that from the PAC 12 and lost out on that from the Big 12.
     
  13. Gold

    Gold Well-Known Member

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    On the bold, can you explain further? Are you saying (1) modest profits on mens bball were offset by significant losses on womens bball hence an overall bottomline loss on cu bball, or (2) there were no profits on mens bball and both programs produced a loss?
     
  14. Quattro

    Quattro Banned BANNED Club Member

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    Edit: Using real numbers, one sec.
     
    Last edited: May 8, 2013
  15. sliderNcider

    sliderNcider MacLovin Club Member

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    We still get revenue from concessions, advertisements etc
     
  16. Quattro

    Quattro Banned BANNED Club Member

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    Numbers are all ****ed
     
    Last edited: May 8, 2013
  17. sliderNcider

    sliderNcider MacLovin Club Member

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    There's no way
     
  18. Quattro

    Quattro Banned BANNED Club Member

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    I'm having issues
     
    Last edited: May 8, 2013
  19. wsp4820

    wsp4820 Sally Club Member Junta Member

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    Holy **** dude. I hope you're not about to graduate.
     
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  20. Quattro

    Quattro Banned BANNED Club Member

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    I'm trying to find the issues in the numbers I got but am having trouble...obviously :lol:. Those numbers would put us at a Texas level :lol:
     
  21. wsp4820

    wsp4820 Sally Club Member Junta Member

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    I'll give you a hint. Recheck how many games you get to attend for the single-game ticket price you're using. :nod:
     
  22. Quattro

    Quattro Banned BANNED Club Member

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    Yeah....there was a huge price difference :lol:

    MENSWOMENS
    AreaPriceAreaPrice
    Courtside $ 35.00Floor Seats $ 30.00
    Mid-Courtside $ 20.00Courtside $ 15.00
    Corners $ 15.00General Admission $ 8.00
    Reserved Bleachers $ 15.00Students $ -
    General Admission $ 10.00--
    Students ---
    Average Price $ 19.00Average Price $ 17.67
    Average Attendance8900.00Average Attendance3418
    Ticket Revenue/Game $ 169,100.00Ticket Revenue/Game $ 60,384.67
    Ticket Revenue/Season $ 2,536,500.00Ticket Revenue/Season $ 1,086,924.00
    Combined Revenue $ 3,623,424.00
     
    Last edited: May 8, 2013
  23. absinthe

    absinthe Ambitious but rubbish. Club Member Junta Member

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    you also dropped off the 100 or courtside seats that go for 2200 a season.

    In fairness to Qatty though BnG's numbers are also suspect.

    The Low end cost is indeed $4 a game but those GA seats represent very little of the seating in Coors Events and are often the last seats sold.

    Next cheapest are the reserved bleachers at about $6 a game although those two areas only roughly equal the mid-court seat numbers which cost 16.60 a game. CU sold every last-seat for ever game in these sections:

    Floor seats at $150 a game
    Courtside seats at $30 a game
    Mid court seats at $17 a game

    CU tickets cost more effective between 7-30 a game and not the $4 to $15 a game BnG quoted which over the course of a season and over 6700 season tickets makes quite a difference in the calculations.
     
  24. Quattro

    Quattro Banned BANNED Club Member

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  25. tante

    tante Club Member Club Member

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    Remember over 6k season tixs were sold.
     
  26. Quattro

    Quattro Banned BANNED Club Member

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    I really wish there was a detailed sheet with a breakdown of ticket sales by section, season ticket sales by section, etc.

    But looking at that very simple analysis, it seems likely that basketball made a profit.
     
  27. absinthe

    absinthe Ambitious but rubbish. Club Member Junta Member

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    Never mind.

    now the numbers look even funkier.
     
  28. wsp4820

    wsp4820 Sally Club Member Junta Member

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    Wouldn't that be 1.1 million for ticket/ticket dependent revenue in 2010 (assuming the 2.8 million conference distribution)?
     
  29. absinthe

    absinthe Ambitious but rubbish. Club Member Junta Member

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    Right it would which doesn't jive with any set of anything I've ever looked at, or been told. Due to these sheer year over year swings, and areas where costs should have changed but didnt JG and I came to the conclusion something funky goes on with how they report and we gave up trying to figure this out a few weeks ago.

    I should have just left it at that.
     
  30. CUFan

    CUFan Welcome back Club Member

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    I think it's safe to assume this type of financial performance is directly attributable to gross underinvestment for a decade or more (speaking to football here since it is the money maker). Why are "student fees" (and what are they) flat since 2005? The cost of nearly everything has skyrocketed since 2005, yet these fees are flat?
     

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