catfishboy wrote:

Ole Miss athletics saw a revenue uptick, but operated at $5.2M deficit in 2022. Here's why 

OXFORD — Ole Miss athletics operated at a deficit of $5,239,053 during the 2022 fiscal year (July 1, 2021 through June 30, 2022) according to an NCAA Financial Report posted by the athletic department this week. 

Ole Miss' total revenues are up over $6 million from the 2021 fiscal year, when it finished with a surplus of over $17.6 million. But the athletic department's expenses rose by roughly $29 million in this reporting period. 

Below are the expense categories with the largest year-over-year increases that have led to the increase in athletic department spending: 

Expense Category                                    Spending FY 2021   Spending FY 2022
Coaching compensation                                       $21,537,187    $28,144,913
"Other" operating expenses                                    $2,231,180    $6,201,275
Direct overhead & administrative expenses         $10,830,897    $16,068,063
Support and administrative staff compensation    $18,340,020    $21,143,600
Guarantees to visiting institutions                              $592,289    $3,074,450
Recruiting                                                                   $339,608    $2,506,402
Team travel                                                             $5,006,343     $7,273,294
Athletic student aid                                               $10,937,684   $12,299,989

Despite the deficit, the 2022 report paints a healthier financial picture for Ole Miss athletics. In 2021, the athletic department profited because of $37,825,399 in non-media SEC distributions, with a large chunk of that coming from COVID-19 relief payments provided by the conference to its member institutions. Those payments were financed by future TV rights, according to previous reporting from USA Today.

 SOURCE: Eckert, David. "Ole Miss athletics saw a revenue uptick, but operated at $5.2M deficit in 2022. Here's why." Mississippi Clarion Ledger, 3 February 2023, https://www.tennessean.com/story/sports/college/ole-miss/2023/02/02/ole-miss-athletics-saw-a-revenue-growth-but-operated-at-deficit-in-2022/69867371007/
Mississippi Clarion Ledger 

And Biden proudly proclaims, "I did that!"
 

To be fair, I'd say Trump knows a good bit more about economics than Slow Joe. 

Amazing The first fiscal year this is what they had in the budget and spent on recruiting. 340K

I am speechless.  La Tech spent more.




Recruiting         

2021.            2022
                                                         
$339,608    $2,506,402

Last edited by Rock1Aggie (2/08/2023 7:37 am)

https://localtoday.news/tx/check-out-where-texas-ranks-among-the-highest-recruiting-budgets-165732.html

Top 5 in 2022

Georgia 4.5
A&M 2.98 mil
Tennessee 2.92
Texas 2.44
Alabama 2.32

OM says they had 2.55 in 2022, not sure what they add in that those top 5 teams didn’t to get their numbers.    But I am guessing that OM is in the top 10 now.


But with NIL I am not sure this budgeted amount in the yearly budget matters as much as it used to.

The money in the NIL collective by boosters, to actually pay the players is the most important now.

Athetic departments need to find a way to cut half that recruiting budget and funnel it to the NIL Collectives.  It would be better used there for results.

But cuts won’t happen because the athetic department’s are used to so much fat nowadays and like the Government will fight to death not to give up anything

Last edited by Rock1Aggie (2/09/2023 2:22 pm)