Yow: NCSU Can't Become A Top-25 Athletic Program Without Better Funding
by Akula Wolf on Apr 22, 2011 3:29 PM EDT
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PrintIn a presentation to the Board of Trustees on Thursday, Debbie Yow outlined the athletic department's financial situation:
"We do not have the funding to achieve a top-25 athletic program today," she said. "We don't."
[snip]
Using financial figures supplied to the federal government as part of the Equity in Athletics Disclosure Act in 2008-09 and other data, N.C. State athletics officials recently studied where they stand in the ACC. Their research showed that N.C. State ranked 11th among the 12 ACC schools in funding when the budget numbers were adjusted to reflect identical components.
| Revenues | Expenses | |
| Virginia | 81,841,632 | 70,870,413 |
| FSU | 75,209,179 | 75,209,179 |
| Duke | 68,536,289 | 68,094,063 |
| UNC | 67,613,805 | 67,375,161 |
| BC | 64,502,395 | 63,291,198 |
| VT | 58,115,929 | 50,241,096 |
| Clemson | 57,562,999 | 56,120,942 |
| Miami | 56,084,064 | 50,836,569 |
| Maryland | 51,641,771 | 51,418,347 |
| NC State | 50,335,991 | 47,180,081 |
| GT | 46,983,216 | 46,983,216 |
| Wake | 42,253,156 | 41,364,196 |
One of the ways Yow mentioned that NC State could improve financially is through an increase student fees. We lag behind every school in the ACC in this area, more than $9 million behind Boston College, which collects the most from student fees. (Update: It's been brought to my attention that I have confused student fees with scholarship aid, so disregard my comments about fees. Sorry about that.)
| Student Aid | |
| BC | 14,107,165 |
| Duke | 13,993,369 |
| Miami | 12253520 |
| Virginia | 11231866 |
| Wake | 10,828,671 |
| Maryland | 9,185,766 |
| Clemson | 9,045,630 |
| VT | 7,690,542 |
| GT | 7,447,346 |
| FSU | 6,960,132 |
| UNC | 6,666,305 |
| NCSU | 5,084,724 |
The overall numbers underscore why it's so important that we start winning in basketball again. There's huge potential for financial growth there, several thousand more season tickets the school could be selling, but we haven't been good enough in the RBC Center era to realize all of it.
On a lighter note, some folks on Twitter offered some ideas for how we can increase revenue. I think these would be real winners:
Debbie's Little Debbie Bake Sale
I have an additional idea that I feel could prove beneficial:
Introduce the "Stick 'Em Up For The Pack" campaign. Basically, you just encourage people to rob their local banks and forward the profits to the athletic department--after taking a small fee off the top for their troubles, of course. Now I know what you're wondering. Is this legal? What do I do if I can't afford a gun? And to answer those questions: I'll check on it but I'm pretty sure, yeah; rob a damned gun store, sheesh. This may seem extreme but look, Texas has its own freaking television network now. To keep up with the insane revenues at these big time schools, we're going to have to get creative.
If you think of any good money-making opportunities, leave them in the comments.
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Hit 'em while they're on campus.
The most succesfull alumni go into Computer Engineering and can be seen on the daily commute driving a POS Corrolla. We just need to bring back AD Casey, who would flog any coach who came in looking for more funding. Had V been a cheap skate tight wad, I’m sure to this day more people that mattered at the school would have stood behind him. He had an ambitious plan that called for deeper investments and yup, thank you. Good luck Dr. Yow.
by Sportin'L.A.Gear on Apr 22, 2011 3:52 PM EDT reply actions
Vaughn Towers And Casino!
Smithers, I’ve designed a new plane. I call it the “Spruce Moose,” and it will carry two hundred passengers from New York’s Idyllwild Airport to the Belgian Congo in seventeen minutes!
"Profiles of a Possible Savior: The Book" for only $39.95
All profits go to the athletic department.
we could start a consulting firm
Guys What Can Use The Internet Search Firm. We’ll undercut Parker and deliver the same results basically, then donate a chunk of the profits to State.
Student breakdowns
Curious how these number breakdown on a per student basis… But I also don’t get how so many teams that are so poor at revenue sports are raking it in. UVA and BC in the top half of revenue and expenses? Something just doesn’t mix here.
She states we can’t be a top-25 program with the money, but it appears the money won’t guarantee any sort of top-25 wonder-world. And where the hell is UVA making that money? I’ve seen their football/basketball games, there is no one there. I’m all sorts of confused.
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