Texas A&M Kingsville - time to move up to D1-FCS

[ASUPops]

Re: Texas A&M Kingsville - time to move up to D1-FCS

Was that with cash accounting or accrual accounting? It sounds like cash accounting. If they had $237,013 in accounts payable at the end of their fiscal year, they would have a $100,000 loss.

ABSOLUTELY cash basis. Accrual basis does not fit the model for college athletics in general.

[ASUPops]

Re: Texas A&M Kingsville - time to move up to D1-FCS

They figured out the right formula.

The "haves" have forgotten the "eye of the tiger"......the hard work it takes. They just have a sense of "entitlement". They just "expect" to be champions and/or the best......not the arse kicking EFFORTS it takes to be #1.

[JavsFan]

Re: Texas A&M Kingsville - time to move up to D1-FCS

Your accounting standards are WRONG......based on that logic every credit card company/bank that charges a FEE to card holders isn't making a profit. FYI - According to the last Louisiana Legislative Audit, Nichols Athletic Excess Revenues Over Expenses was $137,013 for ALL athletic program. It would have been much, much higher, but Non-Athletic Support/Admin salaries were very high ($833,000). The football program actually made $190,00+ profit.

It depends on how you define revenue. The colleges count student fees as revenue, both specific athletic fees and transfers from unrestricted funds. Without those, athletics would show losses that would make the old dotcom companies 20 years ago blush. Accrual or cash basis does not matter.

[ASUPops]

Re: Texas A&M Kingsville - time to move up to D1-FCS

It depends on how you define revenue. The colleges count student fees as revenue, both specific athletic fees and transfers from unrestricted funds. Without those, athletics would show losses that would make the old dotcom companies 20 years ago blush. Accrual or cash basis does not matter.

True.

And this can be argued for an eternity with 5 different opinions on how, what, why, etc... because there is no absolute, just opinions on which way, what should or should not be counted. Its as exact as College football published attendance #'s. 707070

However, based on the accounting used in the Louisiana Legislative Audit, Nichols shows a profit.

Therefore, Techster was accurate in his post.

[Herb Street]

Re: Texas A&M Kingsville - time to move up to D1-FCS

Student fees are a tax, imposed on students as part of their tuition and fee bundle to attend a school. Most students do not attend these sporting events. Your next basketball game, I am guessing you can count the number of students in attendance in less than a minute. These programs are mostly cheap entertainment for silver haired folks that have more time on their hands than they do dollars. The people enjoying the events are not the same people that are paying for them. It is one of the great ironies of the college athletics finance model.

There is a difference between a subsidy and earnings. Most college sports programs are on welfare, dependent mostly on what sorts of fees they can squeeze out of people who have no choice in the matter, often who are borrowing large amounts themselves to help pay for the athletics programs through student loans and will be repaying these loans, with interest, for perhaps decades. So at your next ball game, grab yourself a plug of ice cream for 2 dollars and enjoy the event that is being paid for mostly by some random 19-year old's student loan!



P.S. There are athletic programs in the U.S. that do operate at a profit, with no subsidies, but they are very few.

[ASUPops]

Re: Texas A&M Kingsville - time to move up to D1-FCS

Student fees are a tax, imposed on students as part of their tuition and fee bundle to attend a school. Most students do not attend these sporting events. Your next basketball game, I am guessing you can count the number of students in attendance in less than a minute. These programs are mostly cheap entertainment for silver haired folks that have more time on their hands than they do dollars. The people enjoying the events are not the same people that are paying for them. It is one of the great ironies of the college athletics finance model.

There is a difference between a subsidy and earnings. Most college sports programs are on welfare, dependent mostly on what sorts of fees they can squeeze out of people who have no choice in the matter, often who are borrowing large amounts themselves to help pay for the athletics programs through student loans and will be repaying these loans, with interest, for perhaps decades. So at your next ball game, grab yourself a plug of ice cream for 2 dollars and enjoy the event that is being paid for mostly by some random 19-year old's student loan!



P.S. There are athletic programs in the U.S. that do operate at a profit, with no subsidies, but they are very few.

*YAWN*

Smoke 'em if you got 'em.