What would it be? My guess is $3M.
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I was gonna say $4 so I guess we now have a range.
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I kicked in $5 so it’s at least that
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I would guess half of that number that started this thread.
$1.78 million.
To break even, the Miami AD is funded through 18.7m dollars in student fees and 7m dollars in direct institutional support. That’s 65% of the budget.
What “revenue” is being shared? This whole concept is absurd at Miami where athletics isn’t anywhere close to a revenue driver. Total contributions (donations) to the department totaled 1.5m. Very curious to see what the financials look like once we start officially “sharing revenue” to see who is paying it.
Just doesn’t seem sustainable.
Basically, it’s this:
https://x.com/moosesfelix/status/1998460495003521303?s=46&t=Ry6smEDGYjFubmgi-1Cn6g
HoosierHawk….those are amazing numbers and put the mess that’s “major” college athletics at schools like Miami into perspective.
Now we’re going to add NIL support on top of everyting else to support “major” college sports?
How would like to be the Miami student who’s taking out student loans and working part time in the cafateria to pay for school? So now the school ups your student activity fees another $75/semester so the athletic department could contribute $5 million to football & basketball NIL funds? That’s on top of the full scholarship and the NCAA stipend they already get while you’re slaving away with dirty dishes and hoping you can pay off your loans when you graduate. And you, like most Miami students, never go to a football or basketball game and probably don’t even know if they’re home or away this coming Saturday.
If/when some day the G6 drops out of the rat race and the SEC/BIG take over where does college sports for the rest of us wind up? What do we cut to get things more sustainable? Is all/most of the TV $ gone?. Do pay games for $millions$ become a thing of the past? We’ve got a D3 budget based on our revenues don’t we? What’s the limit as to how low we can go? Where does the school support stop and athletic department revenues kick in to float the boat?
What a mess.
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I think the SEC/Big10 cartel will still pay two G6 teams to play them each season. Their other OOC game will be against a team in the other league or B12 or ACC. They probably won’t play any more FCS teams.The conferences are so large that many schools in them risk not being 6-6 if they don’t play these games - if that continues to matter.
The problem is financially being in FBS is better than FCS - all the other sports are also money losers. I have no answers but I am not sure it gets better when we are kicked out of FBS
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FCS and FBS is an outdated lens. Whatever comes next must come with sane financial parameters.
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