So they are worth something. How does that factor into your net loss calculation (which you still haven't provided)?
In the future, can we stop calling them "student" athletes?
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Pitt's reporting of revenue and athletic expenses makes it extremely difficult to determine how far any program is in the red because they show every program breaking even. However, you can get some idea by looking at other schools; Florida State reports losing $1 million, PSU reports losing $1.5 million, and Texas reports losing $1.4 million on women's volleyball.
WVB has $691k in operating expenses
Revenue is only disclosed for football and revenue -
The revenue is inclusive for all other sports (not broken down by team)
To put it in perspective :
Football $54.7mil
Basketball just under $20mil
All other sports combined $24.5m
Dude, please stop it. You are embarrassing yourself. You are seriously trying to argue the technicality that volleyball generates revenue because they sell tickets. No crap. Middle School Volleyball also generates revenue then because it costs $1 to get in. Should MS volleyball players be paid since they are generating revenue? Of course not, because the expenses of paying the volleyball coach, bussing the kids to away games, and buying uniforms far exceeds ticket revenue. How do you not understand that volleyball expenses far exceed revenue? The net result is the team loses money.
And now you want to talk about TV revenue? Volleyball is worth $0 for the ESPN ACC contract. The ACC has literally said its 80% football/20% men's basketball. If the ACC was able to carve out their women's volleyball and sell it as a separate package, what do you think they could seriously get for that? $1 million per year for the entire league? And that seems AWFULLY generous. That would be $55,000 per school.
The last sentence pisses me off. ND should be forced to join a conference or be excluded from the CFP.
They are excluded from getting a bye, which is a pretty huge deal. That in and of itself could make them join a conference.
Kind of incredible that the lawsuits used to be about trying to leave early and now, if this were to happen , athletes would be suing to stay. In each case, it’s about being compensated. Interesting times.
and worth every penny. These women are solid athletes and great ambassadors for Pitt. Wish I could see them in person - good luck ladies in the tournament
WVB has $800k in operating expenses, that only covers game-day expenses.
Their total expenses are nearly $3.5 million and that's likely not even covering facilities for training, medical, practice, etc. Those expenses are part of the $50+ million "general expenses*.
The $54.7 million ($49.5 million in 2023) in revenue is absolutely not the revenue generated by the football team. That's just the revenue they are directly responsible for bringing in that the University has decided to attribute to the team. This doesn't include the majority of the television revenue, merchandise purchased outside of gameday at the stadium, the donations not directly attributed to the football team, etc. The real revenue generated by Pitt football is well over $100,000,000.
Yea. I am fine losing a couple million per year on a non-revenue sport if it gives you a chance to win a Natty. Not sure how much men's soccer loses but those expenses are worth it to. I sort of like the plan to pick 1 or 2 non-revenue sports to try to win a Natty and then fund the others like its D3.
It’s how it’s always been reported
You can argue with Pitt reports to the federal government
There is zero chance is over $100mil
Post your data and source
I said the real revenue, not reported. I don’t know who prepares their EADA anymore or advises their financial reporting, but I can’t imagine the school's accounting practices have changed a ton recently considering their reporting seems to be the same. So I can’t definitively say for sure.
Even just looking at reported revenue, it's pretty clear that football is insanely profitable for the school. Athletic revenue last year was $138 million, how much of that do you think of is the result of the football team? Do you really think the other teams are responsible for more than $38 million in reported revenue? What percentage of the ACC revenue do you think only exists because of the football team? Donations? If the football disappeared tomorrow, would Pitt generate $40 million in athletic revenue? I'm sure Pitt Women's track generates $2+ million per year in revenue as reported.
There are also other tricks that are used to keep athletic departments budget neutral. Most notably licensing and facilities. How much money do you think Pitt generates from merchandising? $0 of that used to be attributed to the football team except product sold on gameday at the stadium. Much of that wasn’t even reported to the Athletic Department except certain licensing deals. I can't say if Pitt was one of the schools that charge/charged their athletic department a licensing fee during years with a budget surplus, but it was a known practice.
Other schools aren't Pitt. Is Pitt the same as those 3 schools wrt FB net earnings?
You’re over $100mil is nonsense
Acc tv revenue is $30mil per team .
Are you suggesting we are generating over $70mil in ticket and donation revenue annually ?!?
That’s not attached to reality at all
I could be wrong, they could be cooking their numbers in the opposite direction to look good for a potential out from the ACC now. I only know some of the tricks that had been used in the past. It was never $100 million then, but it was far more profitable than the financial reporting claimed.
But tell me where you think the $138 million in revenue is coming from? Wrestling?
University of Pittsburgh - Pittsburgh Campus Athletics Programs
Take a look and see what sports programs are available at University of Pittsburgh - Pittsburgh Campus. Find out how much in aid student athletes receive, how Pitt ranks for each sport, how much revenue the school makes for each sport, and more.
Not sure which year they are using, but you can get that info directly from Pitt or the EADA database. But Pitt, like every school, uses very creative accounting.University of Pittsburgh - Pittsburgh Campus Athletics Programs
Take a look and see what sports programs are available at University of Pittsburgh - Pittsburgh Campus. Find out how much in aid student athletes receive, how Pitt ranks for each sport, how much revenue the school makes for each sport, and more.www.collegefactual.com
Final EADA Report 2024 (PDF) - Pitt Panthers #H2P
Final EADA Report 2024 (PDF)
pittsburghpanthers.com
Equity in Athletics
ACC payout was $45 million.
Other revenue source guesstimates
Football tickets: $8 million
MBB tickets: $3 million
Volleyball tickets: $500K
Licensing revenue: ?
Corporate sponsorships: ?
Radio deal: ?
Concessions: ?
Parking: ?
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