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Ohio Basketball Topic
Topic: Akron athletics revenue and expenses
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giacomo
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Posted: 3/10/2019 10:50 PM
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https://www.cleveland.com/datacentral/2019/03/how-univers...

Eye opening article and shows where MAC athletics have no business spending money.
cbus cat fan
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Posted: 3/11/2019 9:53 AM
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Yes Giacomo, Akron continues to make head scratching decisions. It would appear the old saying; "If you build it they will come," doesn't apply here. First you had the massive building boom which only seemed to accomplish more debt with little result for which to show, and now this. Not a lot of positive headlines coming out of Zipland these days.
SBH
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Posted: 3/11/2019 10:46 AM
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Not that our numbers are appreciably better...
Alan Swank
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Posted: 3/11/2019 11:25 AM
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SBH wrote:expand_more
Not that our numbers are appreciably better...
To that end, I'm holding comment until all 11 Ohio schools data is reported. Looks like the series is going in alphabetical order.
Last Edited: 3/11/2019 11:26:31 AM by Alan Swank
giacomo
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Posted: 3/11/2019 2:26 PM
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The MAC is on life support and if wasn't for the student fees athletics wouldn't exist. I'm okay with student fees, as the whole university operation doesn't make a profit. The problem I have is the coaches salaries are way out of whack. They shouldn't make any more than a college dean. By the way, does anyone know what the dean of the college of business, etc. makes?
Recovering Journalist
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Posted: 3/11/2019 2:29 PM
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giacomo wrote:expand_more
The MAC is on life support and if wasn't for the student fees athletics wouldn't exist. I'm okay with student fees, as the whole university operation doesn't make a profit. The problem I have is the coaches salaries are way out of whack. They shouldn't make any more than a college dean. By the way, does anyone know what the dean of the college of business, etc. makes?
Just shy of $300,000.

https://www.athensnews.com/news/campus/ou-releases-most-r...
OhioCatFan
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Posted: 3/11/2019 4:48 PM
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Recovering Journalist wrote:expand_more
The MAC is on life support and if wasn't for the student fees athletics wouldn't exist. I'm okay with student fees, as the whole university operation doesn't make a profit. The problem I have is the coaches salaries are way out of whack. They shouldn't make any more than a college dean. By the way, does anyone know what the dean of the college of business, etc. makes?
Just shy of $300,000.

https://www.athensnews.com/news/campus/ou-releases-most-r...
Engineering dean: $258,096.00
Medical School dean: $414,842.00

Both of these figures are for 2014, which were the latest I could find. You can probably add 10 to 15 percent to get somewhere near their current salaries.
Mark Lembright '85
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Posted: 3/11/2019 7:57 PM
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giacomo wrote:expand_more
The MAC is on life support and if wasn't for the student fees athletics wouldn't exist. I'm okay with student fees, as the whole university operation doesn't make a profit. The problem I have is the coaches salaries are way out of whack. They shouldn't make any more than a college dean. By the way, does anyone know what the dean of the college of business, etc. makes?
Is the MAC in any worse position than it’s ever been? I have to imagine most if not all of the MAC school athletic programs have always existed predominantly on student fees. Ohio had no business building a 13,000 seat arena 50 years ago but it did, and has managed to survive. Ohio and the MAC will keep chugging along as they always have.

But totally totally agree that coaching salaries are way out of whack, but in connection to college, what isn’t? Tuition is obscenely out of whack.
giacomo
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Posted: 3/11/2019 9:54 PM
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I think the problem with programs like ours is the thinking that if we just pay our coach more money we can elevate our program. Not true. Even bottom of the barrel power 5 have no business entering the arms race. We have no business paying our coaches more than 250-300k unless we had a Phil
Knight type of benefactor ponying up.
OU_Country
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Posted: 3/12/2019 12:33 PM
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giacomo wrote:expand_more
I think the problem with programs like ours is the thinking that if we just pay our coach more money we can elevate our program. Not true. Even bottom of the barrel power 5 have no business entering the arms race. We have no business paying our coaches more than 250-300k unless we had a Phil
Knight type of benefactor ponying up.
I'm not sure the mindset is as simple as that. The mindset might related to spending across the board maybe, but not solely paying coaches more.
Ohio69
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Posted: 3/12/2019 4:54 PM
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Hmmm. Seems like the PD is missing some revenue sources in the Akron breakdown. Where are concessions and marketing revenue and etc.?
cbus cat fan
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Posted: 3/12/2019 8:01 PM
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Yikes, according to Rob Cornelius' Twitter account, (via Lucy Bryan an Akron athlete) the Zips can't even have any home track and field events due to the state of disrepair of their track.
https://twitter.com/robcwv?lang=en
https://twitter.com/_LucyBryan?lang=en
Last Edited: 3/12/2019 8:03:41 PM by cbus cat fan
cbus cat fan
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Posted: 3/12/2019 8:20 PM
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Now the story shifts to Toledo. I didn't read the fine print when Giacomo first posted this story. It seems Cleveland.com will do a story on every Ohio school. Now it's Toledo's turn. Doing a cursory glance of these charts, am I correct in that the Cincy Bearcats have the biggest deficit?
https://www.cleveland.com/datacentral/2019/03/how-univers...
Last Edited: 3/12/2019 8:26:48 PM by cbus cat fan
Alan Swank
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Posted: 3/12/2019 8:40 PM
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Looks like we had a $2.5 million deficit. First I've heard that. We also had the second highest costs of the 6 Ohio MAC schools behind Miami.
IceCat76
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Posted: 3/12/2019 9:16 PM
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I don’t see a deficit for us. How did you come up with that? But it is interesting that we have the lowest per student university subsidy. $718 per student
OU_Country
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Posted: 3/12/2019 9:17 PM
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cbus cat fan wrote:expand_more
Now the story shifts to Toledo. I didn't read the fine print when Giacomo first posted this story. It seems Cleveland.com will do a story on every Ohio school. Now it's Toledo's turn. Doing a cursory glance of these charts, am I correct in that the Cincy Bearcats have the biggest deficit?
https://www.cleveland.com/datacentral/2019/03/how-univers...
While I can't see it as a line item in the link, it's worth considering that UC spent a lot of money upgrading several facilities in the last 3-5 years.
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