JMU is the most subsidized athletics department in the country. Go Dukes!
http://sports.usatoday.com/ncaa/finances/
http://sports.usatoday.com/ncaa/finances/
NCAA Finances
- Thread starter MolivaManiac
- Start date
Plenty there for a JOC article pointing out scale and subsidy by certain Virginia schools of "higher learning".
bottom line is, their revenues from athletics are far, far, less than their expenditures meaning they are having to pony up mucho dinero to try and break even. as dirty harry indicated, a man or institution, has to know its limitations. probably means they are attempting to show fbs conferences that they are willing to spend $$$$ thus should be an attractive candidate to play with all those high powered football schools like louisiana monroe or arkansas state or even odu.
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Yea, in layman's terms, they needed $35m that they didn't earn from their own operations to run their athletic department.
Not that we don't operate in a deficit, as well. We just aren't a state university doing it through student activity fees (higher tuition).
If i were to guess, our AD generates in the neighborhood of $7m-$8m and has a budget of roughly $25m or slightly more. But again, we're not a public.
Not that we don't operate in a deficit, as well. We just aren't a state university doing it through student activity fees (higher tuition).
If i were to guess, our AD generates in the neighborhood of $7m-$8m and has a budget of roughly $25m or slightly more. But again, we're not a public.
And we have a significant athletic endowment which helps, which madison college doesn't have. They don't even have an endowment to speak of for the whole school. Champagne taste with beer budget!
"We just aren't a state university doing it through student activity fees (higher tuition)."
And taxes??!! Complete BS.
The principal on JMU's endowment is $80 million.It likely generates $4 million in annual income.Spread over 20,000 students or $200 per student.
The annual income from UR's endowment is over $125 million.This is spread
over 4,200 students or $30,000 per student.
Therein lies the rub for the Purple folk needing a hefty subsidy to play in a big pond.JMU's needed subsidy is $1,800 per student per year.
https://www.jmu.edu/ubo/rates/2016-17.shtml
The annual income from UR's endowment is over $125 million.This is spread
over 4,200 students or $30,000 per student.
Therein lies the rub for the Purple folk needing a hefty subsidy to play in a big pond.JMU's needed subsidy is $1,800 per student per year.
https://www.jmu.edu/ubo/rates/2016-17.shtml
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the subsidy is probably accounted for as part of the revenue. College athletics math always contains a lot of wiggle room for interpretation.
would suggest that anytime one looks at any financial situation, there is hocus pocus, sleight of hand, a wizard behind the curtain, going on and that is not even considering how one interprets said numbers. vdu's endowment is a prime example
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