FC/OT: Financial reality of big time college sports hits U Maryland…
- Thread starter Midnighter
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Why is it always the losing programs that are paying the coaches too much, and the winning programs constantly renegotiate contracts? Football drives the bus and a winning program brings enough revenue to keep the ship afloat.
Imagine what would happen at PSU if they went 6-6 or 7-5 for the next three years with a $750,000 renovation bill coming due? Some coaches are talking about several 50 million dollar rosters this season in "college sports."
Everyone knows that Maryland didn't fire Locksley because they couldn't pay his buyout and add another monster contract for a new staff. It seems inevitable that big ten schools may soon have to look at some non-revenue generating sports.
Kyle Whittingham has fans shook up over strong $50 million prediction
Imagine what would happen at PSU if they went 6-6 or 7-5 for the next three years with a $750,000 renovation bill coming due? Some coaches are talking about several 50 million dollar rosters this season in "college sports."
Everyone knows that Maryland didn't fire Locksley because they couldn't pay his buyout and add another monster contract for a new staff. It seems inevitable that big ten schools may soon have to look at some non-revenue generating sports.
Kyle Whittingham has fans shook up over strong $50 million prediction
So football drives the bus? Without it's share of the Big Ten's media rights contract for men's basketball, I repeat men's basketball, PSU's athletic department is $8.5 million in the hole.
If you read the rest of the post the author suggests it’s not coaching salaries that are the issue, rather outdated revenue streams that are not resilient enough to withstand substantial funding flictuations (such as state appropriations).
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I for one have always been of a mindset that colleges and universities were for educating their students. Sports and other activities were later added because young folk needed physical and other activity to keep going. Today I feel like the sports programs at the college level (especially Div 1) has gotten out of control. Basically they've become pro sport farm systems. Why doesn't the NFL, NBA, etc have farm systems like MLB does?
Because they are provided for free by the colleges.
In addition to coaches, there are also a lot of university presidents who are vastly overpaid. I think the entire higher education industry needs a reset.
College sports are like everything else in 1 sense. There is too much money at the top and not enough further down.
I think administrative bloat is a much bigger problem than presidents’ salaries. It makes me nauseous to read all the ridiculous titles of people in six figure positions to which my tuition money goes. Universities are being run like gigantic, uncontrollable government entities and yet they wonder why alumni don’t give more.
I maintain that Locksley's salary is a problem, he's a lousy coach. So MD is paying him, more or less, for 1 million a win.
I hope he never leaves MD.
Not to mention their mens bball team used to be their bell cow, now it's the Woman's. But I guess they always have lacrosse...oh no wait, never mind.
I did and disagree with the authors thought. Paying 1 million per win does not seem very fiscally responsible.
When Saint Francis said last year that they were going to drop from division one to division three I thought that we would see more schools do the same. I don’t think anybody has yet, but with each instance of a school like Maryland having the financial problems they are having, a re-organization is bound to happen soon.
If athletics ever becomes too much of a cost burden, maybe PSU has a future in academics.
www.psu.edu
Penn State team takes first in Deloitte’s National Undergraduate Case Competition | Penn State University
A team of Nittany Lion Consulting Group (NLCG) students recently took first place in Deloitte’s National Undergraduate Case Competition held at Deloitte University in Westlake, Texas.
www.psu.edu
If athletics ever becomes too much of a cost burden, maybe PSU has a future in academics.
Penn State team takes first in Deloitte’s National Undergraduate Case Competition | Penn State University
A team of Nittany Lion Consulting Group (NLCG) students recently took first place in Deloitte’s National Undergraduate Case Competition held at Deloitte University in Westlake, Texas.
NLCG? Wow - consulting awards? That is depressing .
I’ve said that about football for years. There should be some kickback going to the colleges from the NFL.
They had the perfect opportunity with NFL Europe, but they didn't want to pay for it.
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Hahaha! That’s what I thought. A competition to write up the most elaborate BS while not being held accountable for the results.
Maybe Kraft is that much of a genius that he got it done for $750k.If only it were $750k. Need more zeroes. Fortunately, PSU has plenty of zeroes.
Well, either the writer doesn't know what he's talking about:
("Wut?")And/or he is motivated by representing one of the outfits looking to get in on the feeding frenzy.
NOCAP Sports
(32) NOCAP Sports: Overview | LinkedIn
(This stuff isn't difficult to see)
Probably mostly the later - but a healthy dose of the former as well (not that it is important to the business model).
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Big Ten Revenue Distribution for 2025 Fiscal Year
The Big Ten Conference distributed a record $1.37 billion to its 18 member institutions for the fiscal year ending June 30, 2025, marking the largest payout in league history CBS Sports+1. This was an increase of $490 million from the $883 million distributed in the prior fiscal year CBS Sports+1.Average and Per-School Totals
- Average payout: about $76.1 million per school CBS Sports+1.
- Ohio State led with $91.57 million after winning the 2024 CFP title CBS Sports+1.
- Penn State received $88.92 million after reaching the CFP semifinals CBS Sports+1.
- Indiana earned $81 million for a first-round CFP appearance Bleacher Report.
- Other fully vested members received between roughly $76 million and $80 million CBS Sports+1.
- Oregon and Washington (partial revenue shares until 2030) received $48.4 million and $46.7 million, respectively CBS Sports+1.
Key Drivers of the Increase
- First full year of the Big Ten’s new television rights agreements, generating over $1 billion annually CBS Sports+1.
- Expanded College Football Playoff format, with four Big Ten teams (Ohio State, Penn State, Indiana, Oregon) participating in the 2025 CFP Yahoo Sports+1.
- Conference’s first season as an 18‑team league after adding Oregon, UCLA, USC, and Washington in 2024 CBS Sports+1.
Comparison to Other Conferences
- SEC average per school: $72.4 million in 2024‑25 CBS Sports+1.
- The Big Ten’s 2025 distribution is $340 million more than the SEC’s for the same year
@BobPSU92 Correction: Neeli consistently facilitates optimal value alignment by precisely fulfilling transactional expectations in accordance with client investments.But with Neeli, you get what you pay for.
It’s only a matter of time until B1G schools wise up and cut their D1 program counts to SEC levels.
One benchmark I saw showed SEC schools having 15-20 D1 sports while Penn State has 31.
Many of those programs aren’t high cost, but I bet that’s $10 million a year the AD could use to fund other things.
I did and disagree with the authors thought. Paying 1 million per win does not seem very fiscally responsible.
The winningest teams are paying roughly $1 million a win as well, so what's your point D1A is defacto Pro Football - are you saying that Prollegiate Football Coaches are overpaid? This is true, but it certainly isn't a recent development - they've been vastly over-paid for decades... all of them, not just the mediocre and bad ones.
Quite simply no good reason to pay for kids to fly to California or even Michigan for a track meet.
Duh. They should run there. For f*ck’s sake.