Looks like VCU will start paying its student athletes directly next year through revenue sharing. I hope UR starts doing this too. Revenue not as high as VCU I’m sure but can still benefit us to do this.
Revenue sharing in A10?
- Thread starter spiderstudent17
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I would love if we could adopt this model. I feel like it would be easier to re-allocate a few million dollars from our university budget to the athletic department/NIL fund than to rely on weathly donors from a relatively small alumni base to continuously give to an independent collective. Would definitely allow us to have a more competitive NIL amount.
Where did VCU get that kind of money? It’s hard for me to believe that they have that much more available to them than UR. But, maybe it’s because they don’t have football.
If it is revenue sharing, that would be a percentage of the revenue the basketball team generates. Maybe something like 10% of ticket and merchandise sales, tv deals, NCAA payouts etc. not sure what a reasonable number would be. My guess is that UR basketball team generates a lot less revenue.
The article in the RTD has a number of facts in it that don’t all align, but the general gist is that VCU is going to opt in to the NCAA settlement and forego a payment of around 140k of NCAA tournament money. Then they have to abide by whatever the final settlement is, but the current belief is that teams would be limited to allocating $21 mil to all its athletes. The split of said money would be up to the school I guess and 15% was a figure floated for Men’s basketball for programs with P4 football (football taking 75%). So VCU is talking about spending more than that 15% on its program. The VCU AD did not say where the money was going to come from, but it sounds like it will be meshing a bunch of things together (a puzzle he called it), but they said they wouldn’t be adding to ticket costs like Tennessee announced it plans to do for football.
It will be interesting to see what comes out regarding the other schools “around the A10” that also are planning to spend high-major type money on hoops.
Maybe they can buy a few forwards with that money since they don't have any currently.
They will just raise student fees to pay for it. Sure JMU will do the same.
It's not based on VCU revenue or UR revenue, as I understand it. Take a look at what RichmondNative wrote I think he's got it. So don't look at revenue sharing per school. No doubt VCU has more bball revenue than us. Btw we had our opportunities to be in their position but were fine with mediocre, non consistent winning. That's our fault and a reason lot of us so frustrated.
all it means is vcu may be able to come up with the funds to pay easier bc they bring in more athletic revenue. But as we all know UR has $. really not an issue with our capital funds & endowment to move $ around to cover things. Heck pay a coach less to produce more than Moon if u wanted.
This 20.5 million figure came from average revenue of power conf schools. But vcu is opting in so they can participate and get same amount to spend. In theory vcu could spend all 20.5 mil on mens hoops. Schools can decide how to allocate. Until maybe title ix comes into the $ part again. But they don't have that $ to spend which is why u heard 4 or 5 mil. Someone like Texas well that 20.5 is a much smaller part of the budget. still according to article VCU is looking to spend top 35 nationally on hoops and I guess that's what 4-5 mil woudl be right now for mens hoops. If this is all wrong someone please correct me.
I'm not a big fan of paying "amateur" athletes who r playing for university teams. I've said before but we should now look at rescinding the tax exempt status of these schools and minimally the athletic depts. That said seems like a no brainer we'd opt in too. We have to right? The flagship of the REGATTA. Of course nobody will be shocked if we dick around & just do enough to compete at a lower level.
I mean if they are going to pay 250K per year per player that is a heck of a recruitment pitch. I have no idea what our NIL is paying our players but wouldn't think we are near that.
Would have to think Mooney gets asked this question by JOC soon what our plans are.
Would have to think Mooney gets asked this question by JOC soon what our plans are.
8legs1dream
Graduate Assistant
yeah right, John O'Charmin might ask that question in a few years after it is totally irrelevant
I believe that 4-5 mil is total for all VCU sports, but men's hoops will get most of it, almost all of it. baseball and womens hoops will get some though I expect. Also, I believe scholarship $ is included in the settlement and counts in the total pool of $. That is also where private schools like UR with our high dollar costs hurt us more (unless I'm mistaken). Now maybe it means VCU is paying 4-5 milly beyond scholarships. but idk article isn't clear. Remember if u can give scholarships to anyone on roster now, but those come with a cost and count. It did say they r not going above 13 ships for mens hoops right now. Probably so better players can get paid more. so more factors here but regardless they'll be doing quite well on average.
Also, I bet the school already told JOC....don't ask that question. He'll get to ask something very vague regarding the new era or something like that and get a philopsophical answer nothing to do with UR operations. & Hardt is unavailable.
Yep, will be all philosophical. Probably won't even mention VCU specifically.
A quick google search shows out of state cost of attendance for VCU is ~60k/year (including room and board), and ~80k/year for Richmond. Not as big of a difference as I expected.
Y'all are right on. Of course, it will be another philosophical question for Moonball to answer vaguely.
Basketball players. I was interested in looking at the difference in “scholarship cost” mentioned in the post I responded to between VCU and UR.
Several different thoughts on this.
1. To the in vs. out of state tuition. I imagine for athletes that there are work arounds and trying to get them in-state residency as quickly as the respective state laws allowed.
2. For NIL donors, I wonder if efforts have been made to reach the top top level of donors like the Weinsteins, Robins family, Ukrops, etc. Weinstein’s recently donated $25 million for an academic center extension at Boatwright library. I wonder how it would go if we discussed the benefits of a strong athletics program can have with helping the overall university reputation.
3. UR athletics does not generate enough of a profit to make a significance in revenue sharing. Still, it would send a message that we care about athletics at a high level.
4. If/when NIL collectives become tax deductible and when university athletic funds can donate to NIL directly is when UR can make an even bigger splash in the NIL game (if we choose to of course).
1. To the in vs. out of state tuition. I imagine for athletes that there are work arounds and trying to get them in-state residency as quickly as the respective state laws allowed.
2. For NIL donors, I wonder if efforts have been made to reach the top top level of donors like the Weinsteins, Robins family, Ukrops, etc. Weinstein’s recently donated $25 million for an academic center extension at Boatwright library. I wonder how it would go if we discussed the benefits of a strong athletics program can have with helping the overall university reputation.
3. UR athletics does not generate enough of a profit to make a significance in revenue sharing. Still, it would send a message that we care about athletics at a high level.
4. If/when NIL collectives become tax deductible and when university athletic funds can donate to NIL directly is when UR can make an even bigger splash in the NIL game (if we choose to of course).
This is new and I'm no expert but...
i doubt we make any profit at all. U think UR athletics is in the black? we have revenue we don't have profit. all revenue we get is eaten by expenses. this would be just another expense.
Not sure what u mean exactly by #3 above. I think there is some confusion here when u keep talking about our revenue vs. VCU revenue & paying thru revenue sharing etc. The "revenue sharing" settlement is what determined the amount. Nothing to do with your own revenue. They got those revenue numbers from the power schools. I have no idea if they even factored in expenses. I kinda doubt it even tho it makes no sense not to. but that roughly 20 mil...everyone can pay players the same amount if they opt in.
if this were based on paying a % of our own revenue we are already dead in the water. we didn't care enough about winning and thus revenue. but since it doesn't the fact that we are a rich school still gives us a chance. Maybe PQ wants to fund a lot of it. Great, hope so. Or rob peter to pay paul but we can do it the rich man way just reallocating from other UR sources. heck just pay 12 mens hoopers like UR professors and our accountants won't even notice the 3 million. also cut Mooney salary in half and now we're rolling.
Wonder how much would change if you just paid CM by the win, with bonuses for conference, espec vcu, Graduation rates, attendence, playoff wins, NCAA more for wins. etc.
I see, thanks for clarifying. I thought it was based off our own % of revenue, which in our case would not be much.
I wonder how much effort UR has put in targeting top donors to UR (not just athletics specifically) like Weinsteins to see if this can be funded very well. I am sure Queally has the connections to reach out to other big donors at UR that have heavily funded other non-athletic facilities/programs/scholarships.
I wouldn’t be surprised if his contract has stipulations where he gets bonuses for many of those things you mentioned already. A lot of schools have things like that. That’s why I mentioned about Mooney’s contract extension may have come automatically last year after UR won the A10 regular season championship.
I'd rather not get too sidetracked. But I have lol.
u never know it's possible. because if we give out bad extensions it's logical to assume what we put into contracts could be bad too. & we know there are reward mediocre performance type ppl out there - you've admitted to being 1 of them.
that said I don't think it was automatic at all. 1. we extended him 2 years. If he had a clause for 2 years for not even getting to the NCAA - then see above & our admin is monumentally bad at contracts. 2. why the trouble of signing & agreeing to a new deal, he wouldn't need to do that if automatic. 3. U of R would continue to be the least transparent possible. If this were an auto extension u would basically be admitting they are extremely deceptive, really lying to us all. lot of schools also announce those things. we announce nothing. never any terms for our highest paid employee in a billion dollar org.
I've said it b4 there was 1 core reason in my mind. It was all timing related. Not claiming to be an insider but I've followed UR for a long time, I've known ppl there & known ppl connected there. They had cover to extend him, even after a losing season followed by a NIT season where we folded end of year & were never in real running for NCAA. But the A10 reg season & COY stuff provided cover. So now we can extend him out to 5 years. If we hadn't then he's down to 2 if a bad season happens. Which is happening. U get down to 2 years now u r kinda in that shit or get off the pot mode. Little more external pressure. U of R HATES that. Went thru it with the billboard and Petition Guy. Wanted to preemptively minimize all that. Yes they also like Moon, he's a safe coach. But now he has 4 years left after another bad year & nobody questions it bc they know he's secure. With Moon history they had to know a season like this was possible, we know they're ok with it but they didn't want rumblings to start again (tho they still should). It was too risky to wait on contract (even with 3 years!) & see how this year ended up. & u can't extend after this kind of season of course. They saw the risk and extended him now rather than getting down to 2 years. Amazing anywhere else but not here. We ignore some of the worst metrics possible for a 20 year coach at a school like ours.
These r exact reasons I predicted he'd get another extension this summer. & he did.
it's all pretty stupid because ironically he has performed the best in past when he was getting short on the contract and maybe had some rumblings. we'd be better off that way. earn it with ncaas. It's also why he can now redshit McGlothin & JRob. If he had 3 years left going into this season he's not redshirting those 2 imo.
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After thinking about it more, I maintain that UR should absolutely have rewarded Mooney for winning COY/A10 regular season championship, but will also acknowledge that maybe a contract extension wasn’t the only or best way to reward him in this situation. Although I could understand why the extension was done and wouldn’t say it was a terrible idea either, unlike how Mooney’s 10 year extension was a terrible decision by Miller. A monetary bonus of (just spit balling here) $300-400K combined for achieving both COY and regular season championship would suffice. In the old era of college basketball, claiming 4 years of contract would be good for recruiting purposes but now with so many transfers, not so much.
It may be a better model in this new version of college sports to save $ on a big dollar head coach and use that money for GMs and analytics-type game managers as the coach and use the head coach money to get better players.
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