Opening up one of those roster spots that would have been taken by a walk-on. Thank you for your four years, Liam!
Weaver into the portal
- Thread starter SFspidur
- Start date
Maybe I'm just getting old, but it's weird to me to see a 4 year walk-on and graduate "entering the transfer portal".
It's not just you. As soon as I saw the Kentucky kid and his girlfriend had "luxury cars" stolen from them, and then seeing Kentucky players advertising TurboTax in a commercial, I realized that college sports as we knew it is dead. There's still bits and pieces of the days of old but they're usually in the lower levels of the sport.
I think at this point the portal is just the "vehicle" in essence if he wants to attempt to play anywhere else his final grad year. Hope Liam ends up getting some minutes for some lower end D1 school ...
Does seem odd but maybe same thinking as Oddo to Louisville having desire to get into coaching? Weaver time here was like learning at a community college.
Historians are going to look back at this time and be absolutely amazed that this multi-billion dollar college sports industry had relatively free labor for as long as it did.
Except for the hundreds of thousands of dollars spent on the schools for free education.
I hold both of these stances:
Im all for students being able to make money just like anyone else is able to. Just because they are athletes shouldn't mean they can't capitalize on their talents.
AND
Nobody was forcing these pre-NIL students to play for free. They knew what they were signing up for.
the ncaa had rules in place to forbid any payments to players. heck, if the team bus got back late and the cafeteria was closed, a booster couldn't buy a pizza for the team without the school being charged with providing improper benefits.
I may have the legal term wrong, but it's basically collusion ... making a rule for all the schools that nobody can pay players, so all the schools benefit.
players are now getting paid what they're "worth".
you can certainly feel they aren't worth the money they get, but the market decides that. nobody forced Duke to pay Cooper Flagg $5M or whatever he's getting. but to them he's worth it.
Last edited:
I may have missed this, but is there an active market for players like Liam? Walkons who barely played feel like a low demand profile but perhaps I’m missing something.
He might be able to find a home at a D-II or D-III school if he can find a good fit. But he has to enter the portal to find out.
4 or 5 years all expenses paid at UR is a great deal. I guess $ on top of that is even better. Wish my kid a very high academic achiever would have had free years at UR.
Try millions a year. At Richmond 63 football players x 60,000 per year = 3.78M per year + 15 men's BB players = 4.8M per year in free education.
Now these schools just cheat in the open.
and UR sports brings in $47M+ in revenue per year.
Consider this heading... Weaver into Portal.... One must wonder what portal Kass Weaver has entered.
realradio804.com
Former University of Richmond basketball star sentenced for killing son, hiding body in freezer - RealRadio804
Aformer University of Richmond basketball star was sentenced Thursday to 20 years in prison after he was convicted of killing his 3-year-old son and hiding the boy’s remains in a freezer for more than two years. A Chesterfield County jury in July found Kassceen “Kass” Weaver, 51, guilty on...
Most of that athletics "revenue" comes from the university's general pocket into athletics' pocket. Notice how expenses and revenues for each sport are exactly equal? It's just shifting money around the university's books, it's not real revenue generated by athletics coming into the university.
not sure where in that you see that most of the revenue comes from the school.
point is college athletes generate revenue. certainly men's basketball revenue greatly exceeds the mens basketball players' scholarships.
Gate receipts may equal 750,000 per year. That is 5000 (fans) x 25 (price per ticket) x 6 (home games = 750,000.
Concessions may generate 200,000 in revenue.
The rest has to come from donations. Does our football team generate $9M in donations?
Concessions may generate 200,000 in revenue.
The rest has to come from donations. Does our football team generate $9M in donations?
It's not explicitly broken down, but I can guarantee you that "institutional support" (ie. shifting money from one pocket to the other) is the lion's share of athletics "revenue" at UR.
At the most obvious, there's no way swimming, women's soccer, field hockey, women's lax, and track and field are each generating real revenue of $1m–$1.5m each.
Football ain't generating anywhere near $8m in revenue. The only one with a snowball's chance of coming close to expenses is men's hoops.
$47m in total athletics revenue is complete fiction if you don't count pocket-shifting.
"These revenues include appearance guarantees, concessions, contributions from alumni and others, institutional support, program advertising and sales, radio and television, royalties, signage and other sponsorships, sports camps, ticket andluxury box sales, and any other revenues attributable to intercollegiate athletic activities."
Agree - no chance, with our attendance at both football and basketball games, and low ticket prices - that revenue is $47 million. I just don't see it - that is some fishy accounting. Example - total attendance at UR basketball games was 82,335 this year. Even if every one of those people paid $100 per ticket (which is extremely high) - that would be 8.2 million. Then assume every single person spent $50 on concessions. Thats another 4 million. That is a total of $12 million for mens basketball. You do same math for Football 100 ticket and 50 concenssions - you get 5.5 million. So mens hoops and football get you to 17.5 million in a fantasy world of $100 ticket prices and spending $50 concessions for every single person. It doesn't add up.
???
report says total revenue for men's basketball is $7M. why are you trying to get to $12M?
The report isn't counting just tickets and concessions for revenue. They include donations. Plus appearance guarantees, program advertising and sales, radio and television, royalties, signage and other sponsorships, sports camps, ticket and luxury box sales, etc ...
Plus institutional support as SF pointed out ... but I'm betting that's much more for non-rev sports than men's baskletball. and I agree that institutional support for non-rev sports makes makes up the bulk of the $47M.
Wait, I went to 1.5 basketball games this year and spent $12,650 on tickets and food. Are you saying that's not what you guys paid?
Where do expenses of providing athletics fall off in all of this? Can't count concessions without counting cost of food, preparation, sales/serving staff. Same for game day. Anything from coaches salaries to security to depreciation on facilities. Is it revenue sharing or net income sharing? It's all hocus pocus to me. Greed will wind up shutting the whole thing down.
You're entitled to your opinion, but do know that all of this screws our beloved Spiders. We are likely to remain about as successful as we've been because we can outbid many many schools with $, but now upside is tremendously limited because someone will always pay more if they like our player.
But more importantly, the loyalty and pride in being Spiders is lost when $$ are dangled in front of them. We had a nice advantage there with Roussell and surprisingly Mooney which is now limited or lost.
Last edited:
8legs1dream
Graduate Assistant
Ah yes, I'll get 2 bottled waters and 1800 boxes of popcorn thanks.
Concession reply to that request - we only have 1 water left, and we are all out of popcorn.
yes, pretty much every ruling has been anti-establishment and pro-labor. from the NIL to the apparent unlimited transferring.
it will be very hard to retain any good player. probably should take whatever money we're spending on players and concentrate in on a year to year basis. if the number is $3M, maybe that's 8 older established guys getting $300k each and a bunch of young lottery tickets at $100k each.
NCAA program math is a fools errand to make sense of, the P&L is just whatever the school says it is. The biggest racket is the programs that prop up their athletic departments on the backs on student fees - like our old friends next to the highway up in the valley https://sports.yahoo.com/james-madison-record-53m-student-004812524.html
it doesn't greatly exceed ships and expenses. can't see how we're even profitable w mens hoops tho closest one. we can be, but it takes a much more succesful program. again there is a reason why they r calling it "revenue" sharing and not profit sharing. they got the revenue #'s for settlement from the P5 schools but I bet it also included subsidized revenue from school or students fees.
I'd love to be bringing in 47M in revenue not sure how u bought that # from UR. regardless the school can add pay for play into the athletic budget if they wanted. rob peter to pay Paul. Tho with our endowment it's there why not use it well.
Unless their admission goes from free to $100 I don’t see how they’re making that.
I was counting sport specific donations to field hockey. I assume they get some from a few family/friends of the program but it can't be too much.
No, we only have one water left, but will have to get your popcorn from storage. I believe we have that much left from last month.
Okay this probably wouldn't happen today but more than once when our children were young and the game was over we were gifted a huge plastic bag full of the popcorn not sold as we headed to the exits. That was nice but the "oreo dunk" reward of anyone could reach into the huge container of unwrapped oreos that were free after a dunk lacked in sanitation.
It was extremely frustrating this year to attend a women's game and they constantly ran out of concessions game after game. I mean - was there no communication between tickets sold and concessions to have ready? Or I would understand it happening 1-2 games early in the year because they are not used to womens hoops games being well attended - but after that they should realize, more people are showing up - we probably need more concessions.
8legs1dream
Graduate Assistant
Seriously. It's leaving easy money on the table as the margins are sky high on stadium/arena food like that.
Similar threads
