- Jun 12, 2014
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Founding Member
Yeah, the next round from ESPN will likely be smaller.Better hurry up before the TV contracts start to go in the toilet.
So I decided to go back and see what the budget looked like before all the SEC TV money started coming in to see if I could figure out what the heck we're doing with it. What I saw pretty much tells the story. Here goes.
2013
Football expenses - $21.6M
G&A and Support Services - $36M
2019
Football expenses - $22.1M
G&A and Support Services - $60M
So a 2.3% increase in the football budget, but a 66% increase in the G&A and support services budget.
If we took $10M of the the $24M we're spending on accountants, marketing, risk mgmt, etc. and instead put in into capital improvements for the football program we'd have $150M to spend if we only capitalize it over 15 years.
A complete no-brainer to anyone with a brain.
If I was on the board, the entire Management Team would be relieved of their duties immediately.That's obscene.
Doesn't it make sense to:
1 .Project income over a five year period recognizing that the Cable gravy train is in all probability going to slow down.
2. Make every penny spent count with well thought out development of facilities measured against what they will return
3. Prioritize what is needed right now vs what we'd "like" to have in the future.(The Taj Mahal is neither an absolute necessity nor affordable)
4. Recognize that while it's a bad idea to get into full facilities wars. It's not a bad idea to do the best we can within our means. (I say a full scale facilities war is a bad idea because when the gravy train dries up, they're are going to be some programs in a world of hurt. They're will be some with multi-billion dollar boosters who will escape the pain but not many..
So it's a typical management/strategic business problem. It's not simple but neither is it rocket science.
I just don't get it. We go for the Taj Mahal where it doesn't provide a bang for the buck. We act as if there's all the time in the world and put off other improvements even though funding may take a hit. And G&A goes through the roof. At least the crazy budget should buy us someone who could come up with and execute a decent plan. If this was a company and I was on the board of directors, I'd have a cow.
The baseball Taj Majal?That's obscene.
Doesn't it make sense to:
1 .Project income over a five year period recognizing that the Cable gravy train is in all probability going to slow down.
2. Make every penny spent count with well thought out development of facilities measured against what they will return
3. Prioritize what is needed right now vs what we'd "like" to have in the future.(The Taj Mahal is neither an absolute necessity nor affordable)
4. Recognize that while it's a bad idea to get into full facilities wars. It's not a bad idea to do the best we can within our means. (I say a full scale facilities war is a bad idea because when the gravy train dries up, they're are going to be some programs in a world of hurt. They're will be some with multi-billion dollar boosters who will escape the pain but not many..
So it's a typical management/strategic business problem. It's not simple but neither is it rocket science.
I just don't get it. We go for the Taj Mahal where it doesn't provide a bang for the buck. We act as if there's all the time in the world and put off other improvements even though funding may take a hit. And G&A goes through the roof. At least the crazy budget should buy us someone who could come up with and execute a decent plan. If this was a company and I was on the board of directors, I'd have a cow.
YUP!!!!So I decided to go back and see what the budget looked like before all the SEC TV money started coming in to see if I could figure out what the heck we're doing with it. What I saw pretty much tells the story. Here goes.
2013
Football expenses - $21.6M
G&A and Support Services - $36M
2019
Football expenses - $22.1M
G&A and Support Services - $60M
So a 2.3% increase in the football budget, but a 66% increase in the G&A and support services budget.
If we took $10M of the the $24M we're spending on accountants, marketing, risk mgmt, etc. and instead put in into capital improvements for the football program we'd have $150M to spend if we only capitalize it over 15 years.
A complete no-brainer to anyone with a brain.