See, while football and men's basketball often turns modest profits at D-I schools, every other varsity program typically loses money. It's simply the cost of doing business.
And schools like FGCU, which have neither football nor a rich history of alumni contributing booster bucks, the student fees make up an astonishing portion of the athletics budget. Sure, the school has been killing it in the school bookstore. And the Eagles can expect a bigger check from the NCAA. And recruiting is about to get a lot easier.
But check out these budget numbers from last year's annual NCAA filing:
MAJOR REVENUES ($11M total last year)
- $5.16M from student fees - 47% of the school's athletic budget comes directly from student subsidies, or $567 per student.
- $2.45M from direct institutional support - that's another $270 per student coming from general revenue
- $778,000 from royalties/licensing (merchandise)
- $571,000 from contributions (boosters)
- $379,000 from ticket sales
- $160,000 from endowment funds
- $137,000 from NCAA distributions
- $22,000 from program sales & concessions
- $2.13M for coaching salaries
- $1.85M for faculty/administrative salaries
- $1.12M for team travel
- $808,000 for facilities, support, & maintenance
- $619,000 for equipment
- $192,000 for recruiting
But it's astonishing to put FGCU's 2012 revenue numbers alongside those of their more established (football-playing) Sunshine State counterparts:
UF - $2.4M (2% of budget; $80/student/yr)
FSU - $7.8M (8% of budget; $244/student/yr)
USF - $15.5M (36% of budget; $444/student/yr)
FGCU - $5.2M (47% of budget; $567/student/yr)
UF - $8.9M
FSU - $18.2M
USF - $5.2M
FGCU - $778,000
UF - $46.1M
FSU - $31.0M
USF - $3.1M
FGCU - $571,000
UF - $23.6M
FSU - $20.4M
USF - $6.0M
FGCU - $379,000
UF - $22.2M
FSU - $16.9M
USF - $9.6M
FGCU - $137,000
UF - $1.6M
FSU - $1.3M
USF - $633,000
FGCU - $192,000
Other interesting takeaways from FGCU's 2012 budget report:
- The women's baseketball team accounted for 43% of the university's ticket sales, while the men's team only accounted for 40%.
- Zero of FGCU's teams broke even in 2012; it's unlikely the men's 2013 basketball run will be enough to change that this year.
- There are 5,061 female students at FGCU, compared to just 4,040 males. Not that the men's basketball team will have any trouble finding female fans upon their return to campus....