https://x.com/tjaltimore/status/1932066078378623405?s=46&t=ZH1fFGwu8Q0191V3SgsUtQ
Kent and Akron at THE bottom. Other MAC teams as well.
Miami looking good.
If I read the fine print correctly, the revenue includes student fees and the per fan is by attendance? So basically we have high student fees and some poorly attended weekday games?
We are still pretty high on the per seat chart so it’s not just bad attendance
Just for perspective, UB (2nd in the MAC in these charts) has an athletics fees of 9.5m dollars. Miami is 18.7m. So our “revenue” numbers have to be taken in context.
Looking at football alone, our revenue was 10.6m. Of that, 7.1m came from student fees and direct institutional support. Not saying its bad, but this is not the norm for the MAC.
Does Miami have enough cache in the Ohio State house to add a rider onto this proposed bill to end home football games for Miami on Mondays, Tuesday, Wednesdays, Thursdays, and Sundays?
I add Sundays because the MAC is crazy enough to go against the NFL.
Another example, if you look at ticket sales revenue, things don’t look quite as rosy for Miami compared to our MAC peers:
This is from the same data source as above charts, which are the annual NCAA membership financial reports.
All sports student fees:
Just to provide a bit fuller picture as some may wonder how some universities in MAC are paying for things without fees, its mostly accounting differences as they do it through direct payments. There is a bit of a difference as thats not being shouldered directly by current students and comes from general funds (which does come current students in addition to other sources).
No…
Game attendance is still crappy.
Every post I’ve seen from this twitter account always seems to lacking important context to the point of being a useless analysis.
For the purposes of accounting and reporting financial data to the NCAA, listing student fees/direct subsidies from the larger university as revenue makes sense to offset the corresponding expenditures. For the purposes of reporting “revenue per seat/fan”, it’s absolutely useless.
Looking at this numbers begs the question as to where the money is going to come from for Miami and the MAC to fund direct payments to athletes under the House Settlement ($20.5 million).
Are we really going to increase student costs so that they. can provide a nice income to a few of their fellow student athletes?
Of course, a lot of those student costs are being paid for with federal student loans.
I love Miami and college athletics but we have reached peak insanity.
We have a 24,000 seat stadium. Both denominators are weak and the numerator includes fees (which I’m guessing is proportionally calculated)
Triple ticket costs, hold on to buyers…problem solved.
Sarcasm intended.
I am actually really confused about the house settlement vs NIL but while I believe Miami has opted in to revenue sharing I dont think it has to be at the $20M level
I think most of the non power 4 colleges that don’t have crazy tv deals for revenue will rely on donors to get them as close to the 20 million as they can. So if I want to give a NIL donation it goes to the university as revenue instead of the red brick legacy. That could be wrong but that is what some of the podcasts I heard said.
You’re right. Chuck mentioned $5 million as a number many G6 programs might negotiate as a comfort level.
Holy crap! Basically $300,000 in ticket sales plus whatever donations that are directly pointed to the football program to pay for what’s probably a 10 million $$$ football program expense? Any idea out there in HT land what the f/b program total expenses really are?
Kind of mind blowing isn’t it? Ohio State probably makes $900k a game on parking and concessions a game. Makes you feel pretty small in the whole scheme of things.
And to think we’re trying to get to the G5 sweet spot in the national playoffs against the likes of the G4 schools. They look at our numbers and laugh.
What year are these ticket sales from. 2023 or 2024. I find them hard to believe for last year since the UC tickets were $50 and we had a nice crowd and the Ohio game we had a nice crowd.
$300k at $50 is just 6,000 people.
2023-24 is the most recent report, so I assume that’s 2023 football season. Admittedly our 2022 report tickets sales were much better (~900k) but 2021 was back in the 200k range, so its pretty spikey.