gonna need to string together a few 12 win seasonsTemporary. Once the renovations are done, Penn State will turn that frown upside down.
FC: AD Financial Report for 2025
- Thread starter IBeBlockin
- Start date
opinions varyI really miss Art. We need him in this thread.
You can reminisce by going to Starbucks and buying the largest latte. Going to the nearest table sitting down getting ready to enjoy yourself and then dump it right in the middle of your lap.. Thatāll give you some flashbacks.I really miss Art. We need him in this thread.
Could cut 8-10 without the Big Ten blinking (fencing and men's volleyball are not Big Ten sports). Of the 14 men's sports, only three schools sponsor all, Michigan, Ohio State and Penn State. Of the 14 women's sports only Michigan, Ohio State and Rutgers field teams in all.
Barbour was a lousy AD, but how did she "create" the financial situation that Penn State Athletics finds itself in today.
She started it and it continues. She did the same thing where she came from almost Bankrupting the Athletic Dept. But that just me. Others can disagree.
It would be hard to be too complimentary wrt Barbour's tenure at PSU (or Cal).
That said, Barbour "inherited" a program just beginning to recover from sanctions to the football program - and the $48 million fine. A much more challenging position than PK did.
Kraft came in with PSU at a "relative" peak - particularly with the most impactful programs - especially football, and with regard to the much higher levels of Big Ten revenue share (something that a Big Ten AD inherits, doesn't create)
Despite that significant disadvantage (relative to PK), Barbour's tenure (fiscally, and in every other measure of AD responsibilities)- for better or worse - was more successful than PK's has been thus far.
No doubt.
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Looking at the $535 MM in debt and the $700 MM tabbed for the stadium renovations, I wonder, if you could look line by line at the stadium costs and descriptions of those costs, how much of the $700 MM would, objectively, be deemed absolutely necessary.
(Then there is the debate of whether the costs could be or should be less than what PSU has committed to.)
(Then there is the debate of whether the costs could be or should be less than what PSU has committed to.)
Need to call the Saudi PIF fund . No one else has a billion to drop. Couscous to replace the onion dip .Looking at the $535 MM in debt and the $700 MM tabbed for the stadium renovations, I wonder, if you could look line by line at the stadium costs and descriptions of those costs, how much of the $700 MM would, objectively, be deemed absolutely necessary.
(Then there is the debate of whether the costs could be or should be less than what PSU has committed to.)
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Wrestling losing money isnāt surprising. Traditional Olympic sports (Iām not including basketball and hockey) donāt make money and the investment required to sustain a program at Penn Stateās level is significant.
The question of whether and what sports to eliminate will be interesting when/if the time comes.
But the real question is if an AD like Penn State canāt remain solvent in this era of college sports, then what school can? And that is a very short list, raising obvious questions about the future of ICA.
Hammer meet nail.Looking at the $535 MM in debt and the $700 MM tabbed for the stadium renovations, I wonder, if you could look line by line at the stadium costs and descriptions of those costs, how much of the $700 MM would, objectively, be deemed absolutely necessary.
(Then there is the debate of whether the costs could be or should be less than what PSU has committed to.)
Believe that few would argue that Beaver Stadium didn't need renovation. But there was no analysis , at least none that was publicly presented, of the range of options and their financial ramifications. What was done, a comparison of doing nothing other than required maintenance versus the current plan, had the sophistication of a family doing its monthly household budget.
So we wake up to an Athletic Department that is more than a half billion dollars in debt with no explanation of how it got there. Doesn't take a rocket scientist to point to the stadium construction process, but that's a year or more to completion.
An explanation would be nice. But this is Penn State and that would require a 180. Where is Rod Erickson when he's needed?
No one, especially Penn State, ever needed Rod EricksonHammer meet nail.
Believe that few would argue that Beaver Stadium didn't need renovation. But there was no analysis , at least none that was publicly presented, of the range of options and their financial ramifications. What was done, a comparison of doing nothing other than required maintenance versus the current plan, had the sophistication of a family doing its monthly household budget.
So we wake up to an Athletic Department that is more than a half billion dollars in debt with no explanation of how it got there. Doesn't take a rocket scientist to point to the stadium construction process, but that's a year or more to completion.
An explanation would be nice. But this is Penn State and that would require a 180. Where is Rod Erickson when he's needed?
By looking at the table, only Men's Basketball and Football make a profit covering ALL other sports. Men's basketball I think goes back and forth on profitability. So we should get rid of everything but Football.
My biggest issue as it relates to the renovation is not just the price, but in the end, what little is being done to the stadium as a whole for that price. Comparing to other large renovations at stadiums once again it seems the littlest bang for the biggest buck.
Not so fast. For the most part, the sports that make money are those with TV contracts. Women's basketball is moving in that direction. NCAA recently sold the rights to the women's basketball tournament (previously it gave them away). Conferences may be able to do the same.
Men's BB makes money basically everywhere - even at PSU, until just the last couple years.
Definitely would NOT want to drop Men's BB - as PSU COULD make plenty of money off of it, even if they lost every single game they played and never sold a ticket in the BJC.
Just would have to sit back and collect the revenue share money, and STOP spending so much on it (which was more or less what they did for several years - and even then did have occasional competitive teams while reaping a rather nice "profit").
With the dismal ticket sales for womenās basketball, would Penn State be better off not even printing tickets, not advertising the games, and not paying anyone to be ticket takers at the turnstiles.
what d any of them have to do with a universities core mission?
that's right- nothing