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Old 06-05-2014, 12:00 PM   #1
MWard
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Default USC Ath Dept sets Record Revenue!!

USC RIIIICCHHHHH, clemson POOOOOORRR.

http://www.postandcourier.com/articl...nue-in-2012-13

From the article:

COLUMBIA - South Carolina's athletics department reported $90,484,422 in revenue for the 2012-13 fiscal year, the 25th-highest total among Division 1 public universities but 10th among SEC peers, according to USA TODAY Sports.

The revenue is more than South Carolina has ever reported, a bump above the $87,608,352 from the previous year. Its revenue has almost doubled since 2005, when the athletics department reported $46,280,330.


http://www.usatoday.com/sports/colle...ools/finances/

Rank 25
South Carolina
Revenue $90,484,422 Expenses $89,097,412 Subsidy $2,537,697 % of Subsidy 2.80%

Rank 41
Clemson
Revenue $69,061,398 Expenses $67,091,087 Subsidy $3,756,657 % of Subsidy 5.44%
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Old 06-05-2014, 12:15 PM   #2
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Default Re: USC Ath Dept sets Record Revenue!!

10th in the SEC? Geez.
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Old 06-05-2014, 12:59 PM   #3
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Default Re: USC Ath Dept sets Record Revenue!!

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Originally Posted by CoverTwo View Post
10th in the SEC? Geez.

That's what I was thinking. WTH?
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Old 06-05-2014, 01:05 PM   #4
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Default Re: USC Ath Dept sets Record Revenue!!

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Originally Posted by CoverTwo View Post
10th in the SEC? Geez.
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Originally Posted by Big-Cock View Post
That's what I was thinking. WTH?
Great room for growth!! Looking forward to moving up the board!!
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Old 06-07-2014, 09:59 AM   #5
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Default Re: USC Ath Dept sets Record Revenue!!

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Originally Posted by CoverTwo View Post
10th in the SEC? Geez.

You can't tell?
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Old 06-05-2014, 01:24 PM   #6
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Default Re: USC Ath Dept sets Record Revenue!!

The gulf between us and Clemson will continue to grow. Those of you that are complaining about our place in the SEC won't like the answer of how to close that gap.
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Old 06-05-2014, 03:41 PM   #7
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Default Re: USC Ath Dept sets Record Revenue!!

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Originally Posted by Acockolypse Now View Post
The gulf between us and Clemson will continue to grow. Those of you that are complaining about our place in the SEC won't like the answer of how to close that gap.
I can tell you one way. Build more skyboxes at The Brice. All of the people who've been to places like The Swamp know exactly what I mean.
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Old 06-05-2014, 03:47 PM   #8
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Default Re: USC Ath Dept sets Record Revenue!!

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Originally Posted by conwaycock2 View Post
I can tell you one way. Build more skyboxes at The Brice. All of the people who've been to places like The Swamp know exactly what I mean.
Isn't this going to be part of Phase 2? I thought we were going to add more boxes when we did the Plaza.
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Old 06-05-2014, 04:48 PM   #9
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Default Re: USC Ath Dept sets Record Revenue!!

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Originally Posted by CoverTwo View Post
Isn't this going to be part of Phase 2? I thought we were going to add more boxes when we did the Plaza.
That sounds about right. I believe Tanner is pushing in that direction because they are money makers. It will require taking out some of the current seats. I don't know how many UF has, but it is an ungodly number. They are glassed in & every single time I've attempted to count them I've been distracted by something. Once you take your eyes off them it is difficult to pick up where you left off & I wasn't interested enough to keep trying.
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Old 06-08-2014, 06:03 PM   #10
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Default Re: USC Ath Dept sets Record Revenue!!

Quote:
Originally Posted by CoverTwo View Post
Isn't this going to be part of Phase 2? I thought we were going to add more boxes when we did the Plaza.
this is going to happen in the next 2-4 years.....
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Old 06-08-2014, 02:36 PM   #11
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Default Re: USC Ath Dept sets Record Revenue!!

Quote:
Originally Posted by Acockolypse Now View Post
The gulf between us and Clemson will continue to grow. Those of you that are complaining about our place in the SEC won't like the answer of how to close that gap.
Exactly; remember how many people complained when the YES fees were instituted?
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Old 06-05-2014, 01:27 PM   #12
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Default Re: USC Ath Dept sets Record Revenue!!

Looks like they are higher after revenue - expense...


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Old 06-05-2014, 01:37 PM   #13
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Default Re: USC Ath Dept sets Record Revenue!!

The actual financial statements can be found here, FYI....

http://web.admin.sc.edu/fr/files/USC...ent-FY1213.pdf

It's interesting that men's bball made a profit. That wasn't the case last year, when the last of Darrin Horn's severance was paid (over $2 mill)
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Old 06-05-2014, 01:38 PM   #14
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Default Re: USC Ath Dept sets Record Revenue!!

Tennessee where you make 111.5 Million but spend 110.2 Million.

10th in Revenue, 7th in spending...the Volunteer way!

Lol.

But I guess spending more is an advantage as you are reinvesting in your programs more than the competition (in theory).
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Old 06-05-2014, 02:05 PM   #15
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Default Re: USC Ath Dept sets Record Revenue!!

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Originally Posted by Ericvol2096 View Post
Tennessee where you make 111.5 Million but spend 110.2 Million.

10th in Revenue, 7th in spending...the Volunteer way!

Lol.

But I guess spending more is an advantage as you are reinvesting in your programs more than the competition (in theory).
Eric, does "contract buyout" fall into the realm of program reinvestments?!?


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Old 06-05-2014, 02:47 PM   #16
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Default Re: USC Ath Dept sets Record Revenue!!

Quote:
Originally Posted by Ericvol2096 View Post
Tennessee where you make 111.5 Million but spend 110.2 Million.

10th in Revenue, 7th in spending...the Volunteer way!

Lol.

But I guess spending more is an advantage as you are reinvesting in your programs more than the competition (in theory).
Typically reinvestment is done by way of facilities which use bonds to finance. USC for example took out these bonds for athletics recently:

2008 - $27mill for baseball stadium
2010 - $65 mill for athletics village infrastructure, coach's building, academic enrichment center, tennis venue, farmer's market purchase and a parking garage for athletics.
2012 - farmer's market property renovation, softball stadium.


I'd say the extra was just a matter of making slightly more $ than they budgeted....not something to look at as an indicator of doing really really well.
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Old 06-05-2014, 02:57 PM   #17
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Default Re: USC Ath Dept sets Record Revenue!!

Quote:
Originally Posted by thekob View Post
Typically reinvestment takes the place of facilities which use bonds to finance. USC for example took out these bonds for athletics recently:

2008 - $27mill for baseball stadium
2010 - $65 mill for athletics village infrastructure, coach's building, academic enrichment center, tennis venue, farmer's market purchase and a parking garage for athletics.
2012 - farmer's market property renovation, softball stadium.


I'd say the extra was just a matter of making slightly more $ than they budgeted....not something to look at as an indicator of doing really really well.
I think it is...it means that USC will be better positioned to compete with the elite programs in the nation when it comes to facilities. And keep USC a step or two ahead of Clemson in this regard, which should be always important. And this doesn't even add the additional revenues that are projected from the forthcoming SEC Network...
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Old 06-05-2014, 03:06 PM   #18
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Default Re: USC Ath Dept sets Record Revenue!!

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I think it is...it means that USC will be better positioned to compete with the elite programs in the nation when it comes to facilities. And keep USC a step or two ahead of Clemson in this regard, which should be always important. And this doesn't even add the additional revenues that are projected from the forthcoming SEC Network...
I was referring to how much more CU "made" vs. USC in revenues over expenses.
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Old 06-05-2014, 02:06 PM   #19
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Default Re: USC Ath Dept sets Record Revenue!!

Coach Staley and Spurrier deserve another pay raise.
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Old 06-05-2014, 02:40 PM   #20
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Default Re: USC Ath Dept sets Record Revenue!!

Wow. SC had a revenue of $21 million more than Clemson. To put that in context, USC's revenue was 130% of Clemsons. If I was a clemson fan, i'd be a lot more nervous about that difference than anything else.
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