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Ladies and gentlemen, the Prime effect

After looking at the actual reports and comparing FY22 and FY23 a few things of note...

Revenues
- FY22 actually had more revenue from Ticket Sales - $19.1m vs $15.7m in FY23 - but I assume FY22 covered from the time Prime was hired to the time most season tickets were sold?
- "Contributions" (Donations) - FY22 = $12.7m vs FY23 = $29.3m (+130%)
- Total Operating Revenues - FY22 = $94.8m vs FY23 = $127m (+25%)

Expenses
- Coaching Salaries - FY22 = $16.5m vs FY23 = $19.2m
- Support Staff/Admin - FY22 = $18.2m vs FY23 = $22.6m
- Recruiting - FY22 = $1.2m vs FY23 = $1.5m
- Athletic Facilities Debt Service - FY22 = $7.2m vs FY23 = $28.7m
- Total Operating Expenses - FY22 = $95.9m vs FY23 = $136.1m (+29%)

Other Notes
- Football only donations were essentially equal, but general AD donations increased from $5.3m in FY22 to $21.3m in FY23
- Football Only Recruiting - FY22 = $770k vs FY23 = 983k
- Total FOOTBALL Operating Revenue - FY22 = $49.1m vs FY23 = $50.0m
- Total FOOTBALL Operating Expenses - FY22 = $25.5m vs FY23 = $34.9m
- Total FOOTBALL Operating Profit - FY22 = $23.5m vs FY23 = $15m

Obviously, some things are a little misleading because FY22 has to cover a good portion of "Prime Effect" revenue in ticket sales. There is also a $6m difference in "Severance" payments (fired coaches I assume) expense from 22 to 23, football coaching salaries increased by $2m, and football support staff increase by $1.3m.

cubuffs.com

NCAA Financial Reports - University of Colorado Athletics

University of Colorado Athletics NCAA Financial Reports 2023 NCAA Financial Report 2022 NCAA Financial Report 2021 NCAA Financial ...
cubuffs.com cubuffs.com
 
The Alabaster Yak said:
After looking at the actual reports and comparing FY22 and FY23 a few things of note...

Revenues
- FY22 actually had more revenue from Ticket Sales - $19.1m vs $15.7m in FY23 - but I assume FY22 covered from the time Prime was hired to the time most season tickets were sold?
- "Contributions" (Donations) - FY22 = $12.7m vs FY23 = $29.3m (+130%)
- Total Operating Revenues - FY22 = $94.8m vs FY23 = $127m (+25%)

Expenses
- Coaching Salaries - FY22 = $16.5m vs FY23 = $19.2m
- Support Staff/Admin - FY22 = $18.2m vs FY23 = $22.6m
- Recruiting - FY22 = $1.2m vs FY23 = $1.5m
- Athletic Facilities Debt Service - FY22 = $7.2m vs FY23 = $28.7m
- Total Operating Expenses - FY22 = $95.9m vs FY23 = $136.1m (+29%)

Other Notes
- Football only donations were essentially equal, but general AD donations increased from $5.3m in FY22 to $21.3m in FY23
- Football Only Recruiting - FY22 = $770k vs FY23 = 983k
- Total FOOTBALL Operating Revenue - FY22 = $49.1m vs FY23 = $50.0m
- Total FOOTBALL Operating Expenses - FY22 = $25.5m vs FY23 = $34.9m
- Total FOOTBALL Operating Profit - FY22 = $23.5m vs FY23 = $15m

Obviously, some things are a little misleading because FY22 has to cover a good portion of "Prime Effect" revenue in ticket sales. There is also a $6m difference in "Severance" payments (fired coaches I assume) expense from 22 to 23, football coaching salaries increased by $2m, and football support staff increase by $1.3m.

cubuffs.com

NCAA Financial Reports - University of Colorado Athletics

University of Colorado Athletics NCAA Financial Reports 2023 NCAA Financial Report 2022 NCAA Financial Report 2021 NCAA Financial ...
cubuffs.com cubuffs.com
Click to expand...
Impressed by how much time you have on your hands.
 
SIAP





Colorado has been hit with 11 violations since hiring Sanders, according to USA Today. All of the violations are considered minor and were self-reported by the school. Violations of this nature are relatively common among top college football programs and rarely lead to significant disciplinary action by the NCAA.

A number of the violations relate to recruiting activity, both on campus and on social media. A summary of all 11:

  • In December ’22, Sanders’s social team posted an image depicting a spreadsheet of unsigned recruits. The post was deleted after 10 minutes.
  • That same month, a high school coach sent Colorado’s staff a transcript for a player that had not yet entered the transfer portal. Colorado quickly stopped recruiting the player, per the report.
  • Sanders reposted an Instagram video depicting voluntary team workouts in January ’23. The short clip was live for about 20 minutes before being pulled.
  • That same month, a recruit identified by USA Today as cornerback Cormani McClain was featured in a picture “while wearing a uniform on the field, lined up across a coaching staff member (Sanders),” a violation of the ban on “gameday simulations.
  • A website posted the McClain picture to social media, a second violation stemming from the moment. The corner would wind up committing and played as a freshman for CU in ’23.
  • Players that were not active members of the transfer portal attended a Colorado camp open to high school and transfer recruits last May. The violation led to a two-week recruiting ban in June.
  • A Sanders Instagram Live session held in May added a recruit, identified by USA Today as Aaron Butler as a featured participant. Butler would commit to Colorado and later flip to Texas.
  • That month, linebackers coach Andre’ Hart took a picture with a recruit, who posted it to social media “prior to the first permissible date to have in-person contact.”
  • In August, Colorado held a team-wide yoga session led by an intern that was not one of the team’s five declared strength and conditioning coaches, violating NCAA staffing limits.
  • A recruit gained impermissible access to a premium seating area at the Buffaloes’ Sept. 30 game against USC during an unofficial visit.
  • Former Colorado player Matt McChesney and his son, a 2028 recruit, were present for a pregame locker room speech, and the recruit ran onto the field with the team at its October game against Stanford, violating a ban on “gameday situations.”
Click to expand...
 
The Alabaster Yak said:
After looking at the actual reports and comparing FY22 and FY23 a few things of note...

Revenues
- FY22 actually had more revenue from Ticket Sales - $19.1m vs $15.7m in FY23 - but I assume FY22 covered from the time Prime was hired to the time most season tickets were sold?
- "Contributions" (Donations) - FY22 = $12.7m vs FY23 = $29.3m (+130%)
- Total Operating Revenues - FY22 = $94.8m vs FY23 = $127m (+25%)

Expenses
- Coaching Salaries - FY22 = $16.5m vs FY23 = $19.2m
- Support Staff/Admin - FY22 = $18.2m vs FY23 = $22.6m
- Recruiting - FY22 = $1.2m vs FY23 = $1.5m
- Athletic Facilities Debt Service - FY22 = $7.2m vs FY23 = $28.7m
- Total Operating Expenses - FY22 = $95.9m vs FY23 = $136.1m (+29%)

Other Notes
- Football only donations were essentially equal, but general AD donations increased from $5.3m in FY22 to $21.3m in FY23
- Football Only Recruiting - FY22 = $770k vs FY23 = 983k
- Total FOOTBALL Operating Revenue - FY22 = $49.1m vs FY23 = $50.0m
- Total FOOTBALL Operating Expenses - FY22 = $25.5m vs FY23 = $34.9m
- Total FOOTBALL Operating Profit - FY22 = $23.5m vs FY23 = $15m

Obviously, some things are a little misleading because FY22 has to cover a good portion of "Prime Effect" revenue in ticket sales. There is also a $6m difference in "Severance" payments (fired coaches I assume) expense from 22 to 23, football coaching salaries increased by $2m, and football support staff increase by $1.3m.

cubuffs.com

NCAA Financial Reports - University of Colorado Athletics

University of Colorado Athletics NCAA Financial Reports 2023 NCAA Financial Report 2022 NCAA Financial Report 2021 NCAA Financial ...
cubuffs.com cubuffs.com
Click to expand...
Are you talking calendar year or fiscal years here?
If calendar, I track what you're saying for ticket sales as Prime was hired December 2022.
But if you're talking fiscal years, then FY22 was pre-Prime since most FYs run October to October (some states are July-July).
 
I'm preaching -- as Captain Obvious -- to the choir here, but Football is a money maker for the school. The "outside" world, including some Regents, complains that football is too expensive and is a financial drag on the university. Football is what pays for all of the other athletics and "marketing" for the school. And look at at all the financial benefits for the commuity.
 
HotRack said:
Are you talking calendar year or fiscal years here?
If calendar, I track what you're saying for ticket sales as Prime was hired December 2022.
But if you're talking fiscal years, then FY22 was pre-Prime since most FYs run October to October (some states are July-July).
Click to expand...
Their documents say Fiscal Year. I just don't know why there would be $3.5m more in ticket sales in 2022 than 2023. That doesn't make sense to me.
 
Bread said:
Genuinely curious about the % of AB'ers that would be fired if their employers saw how much time was spent on AB during work hours. I know I'd be gone immediately.
Click to expand...
Salaried. Just as long as I am not behind on any project or required task. Conversely I am expected to also set aside life and work the hours necessary to get the job done. But the FAA also has rules against that when I am performing certain delegated functions which is my primary job.

bored office space GIF

1*PiMPO6hX-6GRCFayt-uPZQ.gif
 
The Alabaster Yak said:
After looking at the actual reports and comparing FY22 and FY23 a few things of note...

Revenues
- FY22 actually had more revenue from Ticket Sales - $19.1m vs $15.7m in FY23 - but I assume FY22 covered from the time Prime was hired to the time most season tickets were sold?
- "Contributions" (Donations) - FY22 = $12.7m vs FY23 = $29.3m (+130%)
- Total Operating Revenues - FY22 = $94.8m vs FY23 = $127m (+25%)
Click to expand...

The 2023 fiscal year seems to cover the period from July 1, 2022 to June 30, 2023 and not the 2023 calendar year.
 
Could it be that the ticket revenue gets attributed to the time when the game is played and not when the money is received? Because otherwise I'd be at a loss to explain how the revenue generated from July 2021 to June 2022 could possibly be higher than the revenue generated from ticket sales between July 2022 and June 2023? We had the same amount of home games for the 2022 and 2023 seasons, but the higher average attendance for 2023 pretty much amounts to an extra home game + we increased prices.

I would also figure that we generated the ticket money for the 2022 football season later than we did for 2023 as for 2023 season tickets were sold out before June plus the Nebraska sales, with premium pricing, were done before July.
 
Jens1893 said:
Could it be that the ticket revenue gets attributed to the time when the game is played and not when the money is received? Because otherwise I'd be at a loss to explain how the revenue generated from July 2021 to June 2022 could possibly be higher than the revenue generated from ticket sales between July 2022 and June 2023? We had the same amount of home games for the 2022 and 2023 seasons, but the higher average attendance for 2023 pretty much amounts to an extra home game + we increased prices.

I would also figure that we generated the ticket money for the 2022 football season later than we did for 2023 as for 2023 season tickets were sold out before June plus the Nebraska sales, with premium pricing, were done before July.
Click to expand...
Yes. It would be under deferred revenue until the "service" is provided which would've been subsequent to the fiscal year-end. There is and should be zero ticket sales revenue from this past fall in that report.
 
The Alabaster Yak said:
After looking at the actual reports and comparing FY22 and FY23 a few things of note...

Revenues
- FY22 actually had more revenue from Ticket Sales - $19.1m vs $15.7m in FY23 - but I assume FY22 covered from the time Prime was hired to the time most season tickets were sold?
- "Contributions" (Donations) - FY22 = $12.7m vs FY23 = $29.3m (+130%)
- Total Operating Revenues - FY22 = $94.8m vs FY23 = $127m (+25%)

Expenses
- Coaching Salaries - FY22 = $16.5m vs FY23 = $19.2m
- Support Staff/Admin - FY22 = $18.2m vs FY23 = $22.6m
- Recruiting - FY22 = $1.2m vs FY23 = $1.5m
- Athletic Facilities Debt Service - FY22 = $7.2m vs FY23 = $28.7m
- Total Operating Expenses - FY22 = $95.9m vs FY23 = $136.1m (+29%)

Other Notes
- Football only donations were essentially equal, but general AD donations increased from $5.3m in FY22 to $21.3m in FY23
- Football Only Recruiting - FY22 = $770k vs FY23 = 983k
- Total FOOTBALL Operating Revenue - FY22 = $49.1m vs FY23 = $50.0m
- Total FOOTBALL Operating Expenses - FY22 = $25.5m vs FY23 = $34.9m
- Total FOOTBALL Operating Profit - FY22 = $23.5m vs FY23 = $15m

Obviously, some things are a little misleading because FY22 has to cover a good portion of "Prime Effect" revenue in ticket sales. There is also a $6m difference in "Severance" payments (fired coaches I assume) expense from 22 to 23, football coaching salaries increased by $2m, and football support staff increase by $1.3m.

cubuffs.com

NCAA Financial Reports - University of Colorado Athletics

University of Colorado Athletics NCAA Financial Reports 2023 NCAA Financial Report 2022 NCAA Financial Report 2021 NCAA Financial ...
cubuffs.com cubuffs.com
Click to expand...
Just for clarification on this- FY22 is from July 1, 2021 through June 30, 2022. FY23 is from July 1, 2022 through June 30, 2023. There would be zero "Prime effect" in the fiscal year 22 numbers. As I stated above all of the ticket revenue from this fall will be on the FY24 report.
 
FightCu1414 said:
Just for clarification on this- FY22 is from July 1, 2021 through June 30, 2022. FY23 is from July 1, 2022 through June 30, 2023. There would be zero "Prime effect" in the fiscal year 22 numbers. As I stated above all of the ticket revenue from this fall will be on the FY24 report.
Click to expand...
So how is FY22 ticket sales revenue higher than FY23?
 
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