Tennessee ranked most profitable SEC football program

#3
#3
This is a little confusing. If true, why are our reserves still so incredibly low? Are we reinvesting those profits back into capital improvements/projects? Would like to see the list of where that $43m profit has been disbursed.
 
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#4
#4
And people wonder why Jones would get a raise.

He has made this athletic department more money. Selling out more games, going to bowl games. Sometimes it's more than wins and losses.
 
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#6
#6
KBVol said:
This is a little confusing. If true, why are our reserves still so incredibly low? Are we reinvesting those profits back into capital improvements/projects? Would like to see the list of where that $43m profit has been disbursed.
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As a public university the accounting should be public record.
 
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#7
#7
underpants-gnomes.jpg
 
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#9
#9
KBVol said:
This is a little confusing. If true, why are our reserves still so incredibly low? Are we reinvesting those profits back into capital improvements/projects? Would like to see the list of where that $43m profit has been disbursed.
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We were losing a lot of money before. Now we can finally start saving some again
 
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#11
#11
Common sense tells me this is gross profit, you know before expenses. Net profit only a tiny percentage of that.
 
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#12
#12
I would like to see some profit go into getting UT more competitive in some of the other sports like track and field and baseball.
 
#14
#14
GlockVol said:
Common sense tells me this is gross profit, you know before expenses. Net profit only a tiny percentage of that.
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According to the article:

"To measure 2014 profits, we calculated the difference in expenses from total revenue for each program."
 
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#15
#15
GlockVol said:
Common sense tells me this is gross profit, you know before expenses. Net profit only a tiny percentage of that.
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The article says they subtract out "expenses", but they are very vague about what expenses. There are several types of expenses for running a large sports program. Sounds good regardless, but I wish they'd show some more details, because it feels like something is missing.
 
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#16
#16
Aerie Vol said:
???

Did I fail economics, or did you?

I didn't know there was such thing as gross profits.

AV
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Not sure how you did in Econ... but you must've failed accounting. Gross profit is absolutely a thing. It's also known as "sales profit".

Cost of goods subtracted from revenue from goods sold. Overhead is then subtracted to get net profit.

Source: studied accounting at UTK
 
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#17
#17
Well, remember that it's just talking about football. Here's the info from the ope.ed.gov site.
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#19
#19
GoBigOrangeUT said:
And people wonder why Jones would get a raise.

He has made this athletic department more money. Selling out more games, going to bowl games. Sometimes it's more than wins and losses.
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Most, if not all people arent questioning his potential raise based on revenues. They're asking the questions about his potential raise based on merit and what he's accomplished to date in terms of record, which is ultimately the final arbiter. We all see the important, ancillary improvements going on, they're outstanding.....but the record is ultimately what will tell the story of Jones' time at Tennessee
 
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#20
#20
emzeeee said:
We were losing a lot of money before. Now we can finally start saving some again
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I believe at one point UT was paying multiple head coaches, and numerous assistants. They aren't doing that now, so they should be banking more money.
 
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#21
#21
gunner said:
I believe at one point UT was paying multiple head coaches, and numerous assistants. They aren't doing that now, so they should be banking more money.
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I remember reading an article that the cost of firing Dooley and buying out CBJ's contract at Cinci and moving everyone here was around $10 million, not counting other buyouts and the etcetera.
 
#22
#22
emzeeee said:
Well, remember that it's just talking about football. Here's the info from the ope.ed.gov site.
LMDzPkL.png

Vp3Qeg7.png

khQQxwv.png
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This looks more plausible - I think our reserves were at one time the lowest in the SEC. I also think there is a moratorium on the AD giving back to the University in order to increase the reserves. Who is going to help me get from 13 M in profits in this example to 69 M in the article? Anyone.
 
#23
#23
Fullfillmer said:
This looks more plausible - I think our reserves were at one time the lowest in the SEC. I also think there is a moratorium on the AD giving back to the University in order to increase the reserves. Who is going to help me get from 13 M in profits in this example to 69 M in the article? Anyone.
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Because the article was football only, not the entire Athletic Department which the data above shows.

The article references $94,377,857 revenue and $24,511,032 expenses. = $69,866,825

Our reserves are still the lowest, according to Hart. They were at $2 million for a few years and now up to $10 million.
 
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#24
#24
emzeeee said:
Because the article was football only, not the entire Athletic Department which the data above shows.

The article references $94,377,857 revenue and $24,511,032 expenses. = $69,866,825

Our reserves are still the lowest, according to Hart. They were at $2 million for a few years and now up to $10 million.
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:hi: So am I correct in my assumption that in the case of UT they still hadn't deducted minor expenses like the head coach salary, the salary of the assistants, recruiting costs, etc, etc. etc.,? It is still misleading and somewhat irresponsible to infer that Tennessee Football had profits of $69 m. don't you think?
 
#25
#25
Did notice that Title 9 -- with 6 million in revenue and 16
million in expense -- works out to be a 10 million dollar drain, loss, hole, loser, loss.

Sorry ladies.
 
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