Accounting is a beautiful thing when you want it to be. But without looking at how PSU does theirs versus how we do ours, we have spent money on coaches' buyouts, RAC improvements (new scoreboard, A/C, and whatever else we've done), and monies allocated for the new practice facility. We are in a growth-spend phase, so our expenses should look higher than most other schools that already have respectable facilities and haven't fired their coaches in the last few years.
I would normally agree with this but Iowa, Wisconsin, and sort of Purdue have amazing teams with tall, midwestern farm boys that can shoot the 3 lights out and play big man D
Exactly why they have to reinvent the RAC when new facilities are open.. They need to expand that open lobby end that seats like 75 people and expand to at least 1000-1500. They need to put permant seats in the student section and increase by another 500 at least. They can very easily turn that arena into a 10-12k arena. It would be absolutely INSANELY LOUD there
Yes and have the students be up to the court again. It’s shame they were shoved back for the dance team
Fine for expenses but what about revenue. I know their place holds 14K but their real attendance is no way near that.
Well let's say we average 6k/game and they average 10k. Over 16 home games that's a difference of 64k seats times $50/ticket, which nets out to $3.2m. Add in concessions and parking, and however they allocate donation, and there's probably at least a $5mm difference. Then the accounting split of the B1G revenue may be factored into their number, which is far greater than ours. PSU's scale is simply much larger than ours in every accounting metric.
I think between the fact that PA doesn't seem to produce as many of these that choose basketball, and the fact that they have a lot of other somewhat local options (sound familiar?), PSU is hard pressed to utilize this phenomenon
According to spreadsheet psu total bb ticket rev . was $930k...Total. No way the gap is even $500k on that line item.
I'm going to assume that their 10K per game is largely students. I can't see thousands of locals paying $50 a seat for a mid-week basketball game. They have a captive audience of their student body/faculty.
