When is the last 7 words of your post going to happen?If I were to guess, it would be that a good chunk of that is for the assistant coaches and support staff that is required to be a Power 5 Football Team.
When is the last 7 words of your post going to happen?If I were to guess, it would be that a good chunk of that is for the assistant coaches and support staff that is required to be a Power 5 Football Team.
If I were to guess, it would be that a good chunk of that is for the assistant coaches and support staff that is required to be a Power 5 Football Team.
We have some actual financial data now on this. Turns out our estimates of total revenue were probably very close and the losses appear to be almost dead on.
Actual figures, which include all ticket sales (not just football) are:
Ticket sales
FY2018 [2017 football season]: $10,764,623
FY2017 [2016 football season]: $12,824,201
FY2016 [2015 football season]: $13,757,852
https://expo.nj.com/sports/g66l-201...1718-a-look-at-the-100m-athletics-budget.html
More data on NJ.com today:
https://www.nj.com/rutgersfootball/...ason-in-depth-look-at-a-record-shortfall.html
"In 2017, Rutgers average attendance was announced at 39,749 fans per game. But an NJ Advance Media review of how many fans actually entered the HighPoint.com Stadium gates for the seven home games showed that number to be considerably higher than the actual attendance."
Rutgers sold 28,478 season tickets in 2016 and 31,168 season tickets in 2015.
Here’s how much money Rutgers produced in football ticket-sales revenue during that span:
2015: $11,824,520
2016: $11,129,587
2017: $8,387,569"
"Rutgers’ ticket sales have fallen to American Athletic Conference levels. In 2013 — Rutgers’ first and only season in the American — Rutgers produced $8.7 million in ticket sales.
That total soared to $11.6 million in its first Big Ten campaign in 2014 and to a record $11.8 million in 2015.
The Rutgers football team’s drop to roughly $8.4 million is why the athletic program’s overall ticket-sales total decreased 16.1 percent to $10.76 million in FY2018 after a $12.8 million tally in FY2017."
^^There seems to be something wrong with Sarge's numbers as they internally conflict. If he is correct, that is a $3.5 M revenue drop from 2015 to 2017.
That is in line with my numbers below of a loss of $3.5-4 Million in football ticket revenue since 2015. That is nearly twice Ash's salary.
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My original post in this thread:
In 2015, Rutgers sold 31,168 season tickets.
In 2016, Rutgers sold 28,478 season ticket. -8.6%
In 2017, Rutgers sold 23,812 season tickets. -16.4%
In 2018, Rutgers sold 22,337 season tickets. -6.2% (-28.3% from 2015)
2019 Projection- sell 16,752 season tickets. -25% (-46.3% from 2015)
Calculation:
2015: 31,168 * $400 = $12,467,200
2016: 28,478 * $400 = $11,391,200 (loss of $1.08 million)
2017: 23,812 * $400 = $9,524,800 (loss of $2.94 million from baseline 2015 number; cumulative loss of $4.02 million)
2018: 22,337 * $400 = $8,934,800 (loss of $3.66 million from baseline 2015; cumulative loss of $7.68 million)
2019: projected 16,752 * $400 = $6,700,800 (loss of $5.77 million from baseline 2015; cumulative loss of $13.45 million)
Assistant coaches would be included in the coaching salary line. But non-coach sport-specific roles who are not official coaches, like S&C, trainers, etc, would be included in the support staff line.If I were to guess, it would be that a good chunk of that is for the assistant coaches and support staff that is required to be a Power 5 Football Team.
well to answer that question I must put my standard reply when the question of what year is involved:When is the last 7 words of your post going to happen?
Why so optimistic?well to answer that question I must put my standard reply when the question of what year is involved:
Quoting myself! One other tidbit from Sarge:
"Severance payments
After spending nearly $3.5 million in severance payments to its deposed football coaches in FY2017, Rutgers didn’t spent a dime in buyouts in FY2018."
Rutgers is essentially losing money by saving money by keeping Ash around. Ponder that. No buyout money spent compared to 2017, but we are losing $3.5M-4M in ticket revenue to pay the lowest paid HC in the B1G $2.5 million/year.
In other words, Rutgers just moved the line item for payouts to lost ticket sales. Why not move that line item back to payouts and increase ticket sales? It's not a given ticket sales would increase, but if RU made an exciting hire, ticket sales would likely stabilize or tick up a bit.
Quoting myself! One other tidbit from Sarge:
"Severance payments
After spending nearly $3.5 million in severance payments to its deposed football coaches in FY2017, Rutgers didn’t spent a dime in buyouts in FY2018."
Rutgers is essentially losing money by saving money by keeping Ash around. Ponder that. No buyout money spent compared to 2017, but we are losing $3.5M-4M in ticket revenue to pay the lowest paid HC in the B1G $2.5 million/year.
In other words, Rutgers just moved the line item for payouts to lost ticket sales. Why not move that line item back to payouts and increase ticket sales? It's not a given ticket sales would increase, but if RU made an exciting hire, ticket sales would likely stabilize or tick up a bit.
Rutgers sold 28,478 season tickets in 2016 and 31,168 season tickets in 2015.
Here’s how much money Rutgers produced in football ticket-sales revenue during that span:
2015: $11,824,520
2016: $11,129,587
2017: $8,387,569"
"Rutgers’ ticket sales have fallen to American Athletic Conference levels. In 2013 — Rutgers’ first and only season in the American — Rutgers produced $8.7 million in ticket sales.
That total soared to $11.6 million in its first Big Ten campaign in 2014 and to a record $11.8 million in 2015.
The Rutgers football team’s drop to roughly $8.4 million is why the athletic program’s overall ticket-sales total decreased 16.1 percent to $10.76 million in FY2018 after a $12.8 million tally in FY2017."