Sandy Barbour's contract will be up for extension at this month's BOT meeting (Feb 21/22)
- Thread starter stormingnorm
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Maybe she'll get another raise and an assistant foot washer.
A
anon_xdc8rmuek44eq
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She's going to state how much she wants and PSU is going to write the check. Overall, PSU sports has never been at a higher point. As of 2-8-2019 PSU was #3 in the Learfield Directors' Cup. At the same time, PSU football has made a bazillion dollars:
Winning pays, big time
According to Penn State athletics' financial report to the NCAA for the 2017-18 fiscal year, Penn State football brought in more than $100 million in revenue, dwarfing previous figures. The Nittany Lions brought in $34 million from ticket sales alone and $32.65 million for media rights.
The official total per the report sits at $100,240,568 million for the fiscal year ending June 30, 2018, which is up from 2016-17 when the program brought in $81.2 million and just $68 million in fiscal year 2013-14. Football costs were just over $45.2 million.
In total, Penn State athletics made a net profit of $10.18 million, thanks to a revenue stream of $165,373,274 against $155,184,697 in operating expenses
For a larger comparison Penn State athletics reported a total profit of $150,351 for the 2013-2014 fiscal year, coming on the heels of sanctions, fines and a bowl ban for the football team in the wake of the Sandusky scandal. By the 2017 fiscal year that number had grown to $5.29 million in profits, a figure that essentially doubled in the season following Penn State football's Big Ten title win.
The total athletic department figures continue to rise as Penn State continues to succeed on the field.
Total department revenues
Total department expenses
While Nittany Lion football continues to be the department's biggest money maker by a wide margin, the program is joined by men's basketball ($3.7 million) and men's ice hockey ($514,094) in the positive cash flow department. Men's basketball had $10,949,652 in revenue and $7,180,131 in expenses, while men's hockey had $4,370,331 in revenue and $3,856,237 in expenses.
And, in all clarity, she checks a ton of PC boxes.According to Penn State athletics' financial report to the NCAA for the 2017-18 fiscal year, Penn State football brought in more than $100 million in revenue, dwarfing previous figures. The Nittany Lions brought in $34 million from ticket sales alone and $32.65 million for media rights.
The official total per the report sits at $100,240,568 million for the fiscal year ending June 30, 2018, which is up from 2016-17 when the program brought in $81.2 million and just $68 million in fiscal year 2013-14. Football costs were just over $45.2 million.
In total, Penn State athletics made a net profit of $10.18 million, thanks to a revenue stream of $165,373,274 against $155,184,697 in operating expenses
For a larger comparison Penn State athletics reported a total profit of $150,351 for the 2013-2014 fiscal year, coming on the heels of sanctions, fines and a bowl ban for the football team in the wake of the Sandusky scandal. By the 2017 fiscal year that number had grown to $5.29 million in profits, a figure that essentially doubled in the season following Penn State football's Big Ten title win.
The total athletic department figures continue to rise as Penn State continues to succeed on the field.
Total department revenues
- FY 2018 $165,373,214
- FY 2017 $144,017,055
- FY 2014 $117,590,990
Total department expenses
- FY 2018 $155,184,697
- FY 2017 $138,724,055
- FY 2014 $117,440,639
- FY 2018 $10.18 million
- FY 2017 $5.29 million
- FY 2014 $150,351
While Nittany Lion football continues to be the department's biggest money maker by a wide margin, the program is joined by men's basketball ($3.7 million) and men's ice hockey ($514,094) in the positive cash flow department. Men's basketball had $10,949,652 in revenue and $7,180,131 in expenses, while men's hockey had $4,370,331 in revenue and $3,856,237 in expenses.
I don’t doubt for a minute that they will give her (and other administrators) a raise again.
Did you actually read the financial statements? Or did you read the ICA Press Release?
PSU's Federal Financial statements were linked in to the Blog.
Asking for a friend.
I just read this press release. I'd like to see that link.
Relative to PSU's financial statements, she is only in charge of athletic. If the university is wasting money or losing on other areas is not her issue. Again, saying this without seeing the numbers.
Wouldn't the 2010/11 donations include at least part of the massive gift from Pegula to fund hockey and build the arena? That might skew the numbers for that year relative to what would happen on an ongoing basis.
Also, would be curious as to what happened to the donations in the aftermath of Sandusky and how that has changed since. Have they been flat the entire time or did they dip and then go up?
Also, would be curious as to what happened to the donations in the aftermath of Sandusky and how that has changed since. Have they been flat the entire time or did they dip and then go up?
I was interested in your opinion because I don't want to do the work.
If they’re handling out raises, I’d start with Ja’Juan Seider.
Making boatloads of $ and lots of success on the fields/courts/etc. PSU isn’t letting her go at this time.
Even though she has played zero role in any of that success.
Because she hasn't put PSU into hock for 100 years. But give her time, she's working on it.
LSHIPM......
After you’ve gone over the financial statements..... why don’t you let us know what element of last year’s revenue statement you find most remarkable.
(Not that she won’t get a lengthy contract and huge $$$
Who does PSU take a 4960 hit for first?
a) Chambers (or his successor)
b) an assistant football coach
c) Barbour
My guess would be none of the above. I believe 4960 only applies to the top five earners that reach/exceed the threshold. Franklin, Baron, and Hillenmeir all earn more than $1m and I'd be willing to bet there are several more within the College of Medicine who already earn at least that much.
If she doesn't keep expenses up then Franklin isn't going to understand why he can't have more money for his staff.
I’d have to take a closer look at the specifics, but OTTOMH I think “medical” folks are exempted. (That, obviously
I did a little digging and discovered it exempts "remuneration paid to licensed medical professionals for the performance of medical or veterinary services by such professional". There could be a few highly compensated medical administrators who don't perform medical services that would qualify for 4960 treatment but not sure.
Not likely. All they need to do is devote a sufficient amount of time to medical services under the IRS definition (diagnosis, treatment, consultation, etc) to get under the $1mm threshold and they don't count. That might be difficult for Hillemeir. Brechbill is a slam dunk to be included in the five.
My post was TIC. The only PSU employee who earns enough for the 4960 excise tax to be considered serious money is Franklin. The Fatman is small potatoes.
