Some data from what Valpo reported to the US Dept of Education for 2021-2022 academic year
-Men's Basketball: Revenue: $2.576M; Expenses: $2.599M; Gain (Loss): ($23K)
-Football: Revenue: $1.272M; Expenses: $1.221M; Gain(Loss): $51K
-Baseball: Revenue: $1.076M; Expenses: $1.226M; Gain(Loss): ($150K)
From what I understand, tuition paid by any student-athletes on the team counts as revenue and costs include a pro-rated cost for delivering classes to the student, housing, etc. Obviously, the numbers also include revenues and costs directly associated with the programs. Capital spending is not included in expenses.
Quote from: vu84v2 on April 05, 2023, 11:06:05 PM
Some data from what Valpo reported to the US Dept of Education for 2021-2022 academic year
-Men's Basketball: Revenue: $2.576M; Expenses: $2.599M; Gain (Loss): ($23K)
-Football: Revenue: $1.272M; Expenses: $1.221M; Gain(Loss): $51K
-Baseball: Revenue: $1.076M; Expenses: $1.226M; Gain(Loss): ($150K)
From what I understand, tuition paid by any student-athletes on the team counts as revenue and costs include a pro-rated cost for delivering classes to the student, housing, etc. Obviously, the numbers also include revenues and costs directly associated with the programs. Capital spending is not included in expenses.
Does the football revenue include the large $ buy game at New Mexico State on December 3, 2022?
Quote from: historyman on April 06, 2023, 05:55:51 AM
Quote from: vu84v2 on April 05, 2023, 11:06:05 PM
Some data from what Valpo reported to the US Dept of Education for 2021-2022 academic year
-Men's Basketball: Revenue: $2.576M; Expenses: $2.599M; Gain (Loss): ($23K)
-Football: Revenue: $1.272M; Expenses: $1.221M; Gain(Loss): $51K
-Baseball: Revenue: $1.076M; Expenses: $1.226M; Gain(Loss): ($150K)
From what I understand, tuition paid by any student-athletes on the team counts as revenue and costs include a pro-rated cost for delivering classes to the student, housing, etc. Obviously, the numbers also include revenues and costs directly associated with the programs. Capital spending is not included in expenses.
Does the football revenue include the large $ buy game at New Mexico State on December 3, 2022?
That game occurred in the 2022-2023 academic year so it would not be reported.
Data for an academic year typically gets reported on the US Dept. of Education's website 6-9 months after the end of an academic year. I would expect the revenue from "buy games" to be included.
That football number just seems off though the revenue is roughly that in a normal year let alone and extra buy game at 350k
The buy game happened this fall, not last fall so it wouldn't be reflected in those numbers. I'd also imagine there's some lingering COVID impact in things as well.
Quote from: NotBryceDrew on April 06, 2023, 08:37:36 AM
That football number just seems off though the revenue is roughly that in a normal year let alone and extra buy game at 350k
The NMSU buy game is in the following year, which will not be reported until the first part of next year.
But it would include the North Dakota State body bag game pay day.
Quote from: FWalum on April 06, 2023, 06:22:47 AMThat game occurred in the 2022-2023 academic year so it would not be reported.
yes, that academic year (22-23) should include two buy games. Illinois State and New Mexico State.
Wonder what the men's soccer data was in its last years........
There was a bunch of posts on another thread that examined all Valpo sports a year or two earlier than these recent figures, and as I recall MSO was something like ($15k). Also, Mens Tennis, which was also axed at the same time, showed a net profit that balanced the MSO loss. Two sports that had a net zero impact on the athletic budget were cut.
Quote from: oklahomamick on April 06, 2023, 11:57:09 AM
Wonder what the men's soccer data was in its last years........
I gooda think men's soccer would be a bigger loss primarily because of recruiting costs. many of those guys were from all over the world. The tennis players is a bigger question as to why they were cut. Though there clearly is a pattern as only 6 of 12 Valley schools offer men's soccer and zero offer men's tennis.
Quote from: vu72 on April 06, 2023, 02:55:06 PM
Quote from: oklahomamick on April 06, 2023, 11:57:09 AM
Wonder what the men's soccer data was in its last years........
I gooda think men's soccer would be a bigger loss primarily because of recruiting costs. many of those guys were from all over the world. The tennis players is a bigger question as to why they were cut. Though there clearly is a pattern as only 6 of 12 Valley schools offer men's soccer and zero offer men's tennis.
Mike told me he was constantly under pressure from the administration to carry a big roster. He usually carried 24+ players and had, maybe, 2, 3 at the most, full scholly equivalents divided among mostly the Jamaican kids I'm thinking. The rest of the players were "revenue sources." Road trips were always within bus range with an occasional (maybe every other or third year) to one of the coasts. So costs were actually pretty low. The MT roster, I believe, was 100% comprised of "revenue sources." But the roster was small. The main reasons for the great players MT attracted was a) academics, b) facilities, c) D-I competition, in no particular order. Many of these players came from affluent communities, were tennis club members, and high tuition was not a barrier.
Quote from: VULB#62 on April 06, 2023, 04:29:37 PMRoad trips were always within bus range with an occasional (maybe every other or third year) to one of the coasts. So costs were actually pretty low.
OK, 62, I'll believe you but...looking back, and true, further back the squad was mostly mid-westerners, but, to compete, which certainly was the case with soccer, the international component was critical. The 19-20 tennis team included players from Serbia, Germany and Ecuador. The 19-20 soccer team included players from the Netherlands, France, Brazil, Japan, Jamaica, Germany, Sweden, England and Italy!!!! Did they all come over based on the academic reputation of Valpo? There had to be at least some international travel. (and we still finished 4-13-1 and 3-7 in conference)
Most Valpo non-revenue sports have little money for coach recruiting travel expenses. Most rely on video, club coach recommendations and remote communication. I know of a couple of trips to Jamaica early on, but that created sort of a pipeline that was more electronic and networking afterward. Mike had some great contacts in the soccer community and that included Europe, so I don't think every international player received an in-person coach visit. IDK, but some recruits over time might have been brought across for a visit, however that would not be the norm. A D-I US college soccer program/schedule is highly prized over there as is a Valpo degree. And soccer was not a gate-dependent sport, so it was kinda remarkable that they only went $15K in the hole given that MSO usually had to have a heavier OOC away schedule than home because good opponents wouldn't come to Brown Field.
Some additional data on spending for Valpo's men's basketball program
Of the 352 D1 programs who reported expenses for the 2021-2022 academic year, Valpo ranked 180th in spending.
Of the 145 teams in the 12 major conferences who reported expenses for the 2021-2022 academic year, Valpo ranked 141st in spending. Only UTSA, Florida International, Southern Illinois, and Southern Mississippi spent less. Obviously, Valpo ranked 9th in spending for the 10 MVC teams. In the prior academic year, 10 teams from the 12 major conferences spent less than Valpo, including Indiana State, Evansville, Southern Illinois and Illinois State.
Another thing to note is that any costs from buyouts are expenses in the year(s) in which they were paid.