Athletic Department Report

[dunkej01]

released earlier....here is link to pennlive article.
http://www.pennlive.com/pennstatefootball/index.ssf/2017/03/from_penn_state_footballs_reve.html

Im posting here because of item 15 where it notes the wrestling team brought in $1.7M last year.

 

[Tom McAndrew]

From the actual report that PSU Athletics filed (CLICK HERE):

All of the below data is just for wrestling:

Ticket Sales - $639,917
Contributions - $370,384*
Program, Novelty, Parking & Concessions - $45,188
Restricted Endowment & Investments Income - $596,267
(only football and men's ice hockey were higher)
Other operating income - $81,682
Total Operating Income - $1,730,438
(only football, men's BB, and men's ice hockey were higher)

Scholarship Info:
Athletic Aid Equivalency - 9.66
Number of Students Receiving Athletic Aid - 32
Total Dollar Amount - $397,006

Guarantees (amounts paid to visiting participating institutions, including per diems and/or travel and meal expenses)
$5,000

Head Coach - 1
Assistant Coaches - 2

Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities:
$104,347

Recruiting Expenses - $45,532
(higher than all but, in order, football, men's BB, women's BB, men's ice hockey, women's VB)

Team Travel - $294,267

Equipment, Uniforms and Supplies - $88,112

Game Expenses - $72,845

Fund Raising, Marketing and Promotion Expenses - $22,180

Athletic Facilities Debt Service, Leases and Rental Fee - $311,282
(only women's BB and men's BB are higher)

Direct Overhead Administrative Expenses - $5,164

Membership & Dues - $2,001

Student-Athlete Meals (non-travel) - $18,904

Other Operating Expenses - $260,711
(only football is higher)

Total Operating Expenses - $2,432,567
(exceeded by football, men's BB, women's BB, men's ice hockey, women's VB)

# of participants - 32
# of participants on a 2nd team - 1

Coaching:
Head Coach - 1
Full Time Assistant - 2
Part Time Assistant - 1

Operating Expenses - $455,224
Per Capita Expenses - $14,226

Revenues - $1,730,438
Expenses - $2,121,285

I provided the same info a year ago, or two years ago (can't remember). Would be interesting to compare that data against the above data.





* defined as:
1. Amounts received from individuals, corporations, associations, foundations, clubs or other organizations designated for the operations of the athletics program.
2. Funds contributed by outside contributors for the payment of debt service, lease payments or rental fee expenses for athletic facilities in the reporting year.
3. Amounts received above face value for tickets.

 

[diggerpup]

I assume the AD omitted the Slush Fund or PSU would be overall about +$2.0m

 

[Dogwelder]

...
Revenues - $1,730,438
Expenses - $2,121,285

If those are bottom-line numbers, then we see that the best, most entertaining wrestling team that sells lots of tickets still costs the school about $400K a year to run. I'm assuming that less-successful teams would cost even more. Thanks for the info!

 

[Pennstate1985]

If those are bottom-line numbers, then we see that the best, most entertaining wrestling team that sells lots of tickets still costs the school about $400K a year to run. I'm assuming that less-successful teams would cost even more. Thanks for the info!

One should not assume that. Every situation is different.

 

[ac98]

Interesting that they didn't use the full 9.9 scholarships

 

[SetonHallPirate]

Would be very surprised if Penn State wasn't the only school in the country that paid out a guarantee, rather than participated in a home-and-home deal.

Also, by the looks of things, the guarantee was paid out to Binghamton, as they are the only non-conference school that Penn State hosted this year, but did not visit last year.

 

[Tom McAndrew]

Would be very surprised if Penn State wasn't the only school in the country that paid out a guarantee, rather than participated in a home-and-home deal.

Also, by the looks of things, the guarantee was paid out to Binghamton, as they are the only non-conference school that Penn State hosted this year, but did not visit last year.

I was wondering who received the guarantee. Your analysis seems plausible. I didn't think too hard about it, but though it might have had to do with a match at the BJC, or if the guarantee was given to Ok. St. or to the NWCA for PSU hosting the National Dual.

 

[JDale83]

If they were interested in maximizing revenue all duals meets would be at BJC averaging an extra 7,000 per dual meet or another 600k which would put them in the black. If marketed right the program could make significantly more revenues.

 

[Dogwelder]

If they were interested in maximizing revenue all duals meets would be at BJC averaging an extra 7,000 per dual meet or another 600k which would put them in the black. If marketed right the program could make significantly more revenues.

I remember that someone said the cost to rent the BJC is not low. Did you include the rental cost in your calculations?

 

[JDale83]

I remember that someone said the cost to rent the BJC is not low. Did you include the rental cost in your calculations?

How do you charge "rent" to your own wrestling team. Do they charge rent to men's and women's hoops? I could see charging for outside groups and concerts. My $600k figure was just doubling current gate receipts. Now if you sold beer in the BJC........

 

[Tom McAndrew]

Athletic Facilities Debt Service, Leases and Rental Fee - $311,282
(only women's BB and men's BB are higher)

If they were interested in maximizing revenue all duals meets would be at BJC averaging an extra 7,000 per dual meet or another 600k which would put them in the black. If marketed right the program could make significantly more revenues.

We're all somewhat grasping here, as we don't know all the details of the income and the expenses. That said, take note of the line from the report that I quoted. The only sports that have higher athletic facility costs are women's BB and men's BB. They also happen to be the only teams that exclusively use the BJC. My suspicion is that wrestling being 3rd in terms of this expense is because they used the BJC twice in 2016 (I think that's how many times they used the BJC -- too tired to look it up).

PSU might increase their revenue by using the BJC, but might also explode their expenses. And that doesn't even factor in that wrestling would have a lot less flexibility with their schedule if they put all their duals at the BJC, as it's also used by men's and women's BB, THON, concerts, etc.

 

[NoVa Lion]

released earlier....here is link to pennlive article.
http://www.pennlive.com/pennstatefootball/index.ssf/2017/03/from_penn_state_footballs_reve.html

Im posting here because of item 15 where it notes the wrestling team brought in $1.7M last year.

One very interesting item in that is that 32 different athletes are receiving athletic aide. I would have guessed the number to be much lower than that.

Also, the contributions number includes the donation from the PSUWC, which was $105,000 this year (or last, not sure which). So well done PSUWC and all of the members.

 

[manatree]

Would be very surprised if Penn State wasn't the only school in the country that paid out a guarantee, rather than participated in a home-and-home deal.

Also, by the looks of things, the guarantee was paid out to Binghamton, as they are the only non-conference school that Penn State hosted this year, but did not visit last year.

This report is for the Fiscal Year 2016, which was from July 1, 2015 - June 30, 2016. The guarantee money mentioned was paid to someone(s) on last year's schedule.

 

[manatree]

How do you charge "rent" to your own wrestling team. Do they charge rent to men's and women's hoops? I could see charging for outside groups and concerts. My $600k figure was just doubling current gate receipts. Now if you sold beer in the BJC........

This is not a difficult concept. If your department does not control/own the facility, you have to pay to use it. If my department wants to hold a staff retreat at the Penn Stater, would you be shocked that we have to pay for it?

 

[El-Jefe]

How do you charge "rent" to your own wrestling team. Do they charge rent to men's and women's hoops? I could see charging for outside groups and concerts. My $600k figure was just doubling current gate receipts. Now if you sold beer in the BJC........

Penn State Athletics does not own the BJC. Part of the devil's deal made with Harrisburg to get construction funding in the 1990s.

We did the math a few years ago and determined that the break-even point for PSU Wrestling was about 11k attendance per match. Of course that number could drop a little with higher ticket prices ... but there's a real good chance of fewer butts in the seats for an icy February match against Michigan State.

Tom hit on anther key point: BJC was constructed specifically for basketball -- meaning that PSU's admission to the Big Ten was conditional upon building a new basketball arena. So both basketball teams get scheduling priority.

 

[manatree]

Tom hit on anther key point: BJC was constructed specifically for basketball -- meaning that PSU's admission to the Big Ten was conditional upon building a new basketball arena. So both basketball teams get scheduling priority.

The BJC was constructed specifically for concerts and trade shows, not basketball. Even though basketball are the most frequent tenents of the BJC, schedulng priority is by no means guaranteed to the basketball programs.

 

[Big Blue12]

From the actual report that PSU Athletics filed (CLICK HERE):

All of the below data is just for wrestling:

Ticket Sales - $639,917
Contributions - $370,384*
Program, Novelty, Parking & Concessions - $45,188
Restricted Endowment & Investments Income - $596,267
(only football and men's ice hockey were higher)
Other operating income - $81,682
Total Operating Income - $1,730,438
(only football, men's BB, and men's ice hockey were higher)

Scholarship Info:
Athletic Aid Equivalency - 9.66
Number of Students Receiving Athletic Aid - 32
Total Dollar Amount - $397,006

Guarantees (amounts paid to visiting participating institutions, including per diems and/or travel and meal expenses)
$5,000

Head Coach - 1
Assistant Coaches - 2

Support Staff/Administrative Compensation, Benefits and Bonuses paid by the University and Related Entities:
$104,347

Recruiting Expenses - $45,532
(higher than all but, in order, football, men's BB, women's BB, men's ice hockey, women's VB)

Team Travel - $294,267

Equipment, Uniforms and Supplies - $88,112

Game Expenses - $72,845

Fund Raising, Marketing and Promotion Expenses - $22,180

Athletic Facilities Debt Service, Leases and Rental Fee - $311,282
(only women's BB and men's BB are higher)

Direct Overhead Administrative Expenses - $5,164

Membership & Dues - $2,001

Student-Athlete Meals (non-travel) - $18,904

Other Operating Expenses - $260,711
(only football is higher)

Total Operating Expenses - $2,432,567
(exceeded by football, men's BB, women's BB, men's ice hockey, women's VB)

# of participants - 32
# of participants on a 2nd team - 1

Coaching:
Head Coach - 1
Full Time Assistant - 2
Part Time Assistant - 1

Operating Expenses - $455,224
Per Capita Expenses - $14,226

Revenues - $1,730,438
Expenses - $2,121,285

I provided the same info a year ago, or two years ago (can't remember). Would be interesting to compare that data against the above data.





* defined as:
1. Amounts received from individuals, corporations, associations, foundations, clubs or other organizations designated for the operations of the athletics program.
2. Funds contributed by outside contributors for the payment of debt service, lease payments or rental fee expenses for athletic facilities in the reporting year.
3. Amounts received above face value for tickets.

I believe we are $18M for the Rose Bowl this year right Tom? Gonna see a big jump in some of these numbers (expenses)!

 

[SetonHallPirate]

This report is for the Fiscal Year 2016, which was from July 1, 2015 - June 30, 2016. The guarantee money mentioned was paid to someone(s) on last year's schedule.

That someone would be Lock Haven then.

Edit to add: Just noticed I revived a two-week-old topic! Sorry guys...carry on! (this is what happens when you post at 2:30 in the morning)

 

[NoVa Lion]

I believe we are $18M for the Rose Bowl this year right Tom? Gonna see a big jump in some of these numbers (expenses)!

Pretty sure the BIG shares bowl revenues so we get the same amount of bowl revenue no matter which bowl we play in.

 

[HOCKEYGOD11]

How do you charge "rent" to your own wrestling team. Do they charge rent to men's and women's hoops? I could see charging for outside groups and concerts. My $600k figure was just doubling current gate receipts. Now if you sold beer in the BJC........

Penn state athletics does not own BJC so they rent it out for all events.

 

[Tom McAndrew]

I believe we are $18M for the Rose Bowl this year right Tom? Gonna see a big jump in some of these numbers (expenses)!

As NoVa pointed out, bowl revenue is shared in the B1G. Teams that go to a bowl get a certain amount for expenses, and the rest is shared with the other conference teams.

I'm not exactly sure what that has to do with Wrestling income and expenses, which is the data that I extracted from the report.

 

[PSUcup1]

Penn State Athletics does not own the BJC. Part of the devil's deal made with Harrisburg to get construction funding in the 1990s.

We did the math a few years ago and determined that the break-even point for PSU Wrestling was about 11k attendance per match. Of course that number could drop a little with higher ticket prices ... but there's a real good chance of fewer butts in the seats for an icy February match against Michigan State.

Tom hit on anther key point: BJC was constructed specifically for basketball -- meaning that PSU's admission to the Big Ten was conditional upon building a new basketball arena. So both basketball teams get scheduling priority.

the BJC was NOT built specifically for hoops. it was built as a multi purpose facility

 

[Pennstate1985]

Penn state athletics does not own BJC so they rent it out for all events.

and even if PSU athletics did own it, there would have to be an internal cost applied against each event, otherwise how would one know that the investment into building it was a wise one, or that holding a wrestling match there versus Rec Hall was a wise one? The BJC cost $52.8M to build back in 1995, and I'm sure it was financed based on a projected revenue stream. Not to mention the millions they likely spend each year on maintenance. An asset that large and costly must have a revenue stream in order for future projects to be judged against for financing or viability.

 

[El-Jefe]

the BJC was NOT built specifically for hoops. it was built as a multi purpose facility

Physically that is true.

However, the BJC would not have been built if the B10 did not require a new basketball arena.

B10 did not care where we held concerts.

 

[dunkej01]

Physically that is true.

However, the BJC would not have been built if the B10 did not require a new basketball arena.

B10 did not care where we held concerts.

Im thinking the football stadium is testing the theory of the big concert this summer which will impact the stadium up grades and master planning numbers.

Which Im on board with by the way. Need to do more with these stadiums in my opinion.

 

[RoarLions1]

The BJC is part of the Arena Network, that also manages nearly 40 other arenas around the country. When they contract an event, from monster trucks, to concerts, to whatever, they sign for many (or only some) of the arenas...and the act hits the road for however many venues are contracted. Men's and Women's Basketball are the only permanent tenants of the BJC, and after the B1G schedules are set, those BJC dates are locked for the teams. I believe Thon has the same weekend each year too.

 

[El-Jefe]

Im thinking the football stadium is testing the theory of the big concert this summer which will impact the stadium up grades and master planning numbers.

Which Im on board with by the way. Need to do more with these stadiums in my opinion.

Amen. I get player safety, but using Beaver Stadium 8-9x per year max is still kinda silly. One of the state's greatest assets, and it goes unused 40+ weeks of the year by choice. (Excepting some receptions in the Mt Nittany Club.)

 

[SW Fla Lion]

Somewhere in the numbers should be the revenues from BTN. I realize the wrestling piece is a small percentage of air play, but there is some of that. BTN has to fill in all those hours with some kind of programming and wrestling is a part of that. It is a shame that the most prolific wrestling conference plays second fiddle to MBB and WBB for air time.

 

[Real-Lion]

If those are bottom-line numbers, then we see that the best, most entertaining wrestling team that sells lots of tickets still costs the school about $400K a year to run. I'm assuming that less-successful teams would cost even more. Thanks for the info!

Bottom line is we need our BIG TIME DONORS to really step up right now !!!! More then every for PSU !!!!

 

[dunkej01]

Bottom line is we need our BIG TIME DONORS to really step up right now !!!! More then every for PSU !!!!

Convince me of what you mean? Im not trolling you I genuinenly am interested in why the giving need to give more?

 

[PSUcup1]

Physically that is true.

However, the BJC would not have been built if the B10 did not require a new basketball arena.

B10 did not care where we held concerts.

agreed!

 

[dunkej01]

 

[Tom McAndrew]

View embedded media

That may be accurate, but it's not one of Ben's better answers.

Two of the five items in the initial part of the Master Plan released earlier this week are:

1. a new indoor tennis facility (going from 4 courts to 10 courts)
2. a new natatorium (going from 25 meters to 50 meters, and I believe from 6 lanes to 10, plus an improved diving area)

in terms of income generated, neither of these sports are anywhere near the top of the list. The reason they are in the initial part of the Master Plan is because the current facilities are so inferior it's absurd.

As for Jeffrey Field, it also is in need of some major upgrades. It has a seating capacity for 5,000, but I believe the only rest room options are port-a-potties. In addition, while the men's and women's soccer teams play there, and practice in the fields adjacent to Jeffrey Field, there are only small rooms that PSU and the visitors use to change in. The men's and women's teams locker rooms are, I believe, in the East Area Locker Room, which is a good hike from their practice and game areas. The Master Plan indicates that locker rooms will be added to the complex. Lastly, I'm pretty sure the concessions are inadequate. If I recall correctly (I'm not certain of this), there are no concession stands on the visitors side -- fans have to walk outside the field, and purchase food at a table set up by the port-a-potties, and also can't take the food back into the facility. (I don't recall what the concession situation is like on the home side, as even though I'm rooting for PSU, I usually sit on the visitor's side.)

I seriously doubt if revenue generated by a sport/by a team was even considered when deciding what facilities would be included in the first phase of the Master Plan.

 

[gymdad]

That may be accurate, but it's not one of Ben's better answers.

Two of the five items in the initial part of the Master Plan released earlier this week are:

1. a new indoor tennis facility (going from 4 courts to 10 courts)
2. a new natatorium (going from 25 meters to 50 meters, and I believe from 6 lanes to 10, plus an improved diving area)

in terms of income generated, neither of these sports are anywhere near the top of the list. The reason they are in the initial part of the Master Plan is because the current facilities are so inferior it's absurd.

As for Jeffrey Field, it also is in need of some major upgrades. It has a seating capacity for 5,000, but I believe the only rest room options are port-a-potties. In addition, while the men's and women's soccer teams play there, and practice in the fields adjacent to Jeffrey Field, there are only small rooms that PSU and the visitors use to change in. The men's and women's teams locker rooms are, I believe, in the East Area Locker Room, which is a good hike from their practice and game areas. The Master Plan indicates that locker rooms will be added to the complex. Lastly, I'm pretty sure the concessions are inadequate. If I recall correctly (I'm not certain of this), there are no concession stands on the visitors side -- fans have to walk outside the field, and purchase food at a table set up by the port-a-potties, and also can't take the food back into the facility. (I don't recall what the concession situation is like on the home side, as even though I'm rooting for PSU, I usually sit on the visitor's side.)

I seriously doubt if revenue generated by a sport/by a team was even considered when deciding what facilities would be included in the first phase of the Master Plan.

I have visited a number of college soccer venues and am embarrassed to say that Jeffery Field while having one of the best playing surfaces has the worse fan and team comfort accommodations I have seen. No restrooms, port a potties only. Concessions on the home side is a small wooden shed. with NO running hot water. I seriously question how this facility passes health codes. The visiting team half time facilities is a tent erected under the west side bleachers. No restrooms for players, no heat, no running water. A high school would not tolerate this. Upgrade at Jeffery is long overdue... especially considering Penn State has one of the nations best women's soccer programs.

 

[dunkej01]

Our facilities in some sports appear to be sub par yet we recruit well and win.

Yet our poor Bball teams flounder annually. #13thwonderoftheworld

Do our Bball teams only "make money" because of the conference teams making the NCAAs and sharing in that? I cant believe we are ahead due to ticket sales.

 

[Bob_Anderson]

Bottom line is we need our BIG TIME DONORS to really step up right now !!!! More then every for PSU !!!!

once again, feel free to actually join the Nittany Lion Club. Every donation counts.

 

[CowboyUp61]

Bottom line is we need our BIG TIME DONORS to really step up right now !!!! More then every for PSU !!!!

Spyker, you know I just cant pass up on your fundraisers, so if you will send it to me I will give your phone number to T Boone the next time I see him, and you can hit him up.