This must have been the last season. I saw where they were losing big money for a lot of seasons.
No WBB program turns a profit, none. Why? Because to date their Television package has been garbage and does not financially reward teams for the March NCAA tourney like the men’s teams. They just renegotiated the deal, but WBB is still lumped in with all non revenue sports and not a separate package as it should be. The viewership for WBB has been on a meteoric rise, and if they were compensated on viewership for their sport alone it would be a windfall. But they have to share their deal with every sport except FB and MBB.This must have been the last season. I saw where they were losing big money for a lot of seasons.
The three seasons before 2023 were impacted by the Covid years and almost every school in the country went through the same issues, in almost all sports. And yes, WBB at SC has historically lost money just like EVERY WBB program in the country due to the TV package which I explained above. But SC WBB never lost $8 million. With revenue of over $9.5m that would imply they spend over $17m a year on WBB operations… PME on.
- Revenue:
- The total operational revenue for the South Carolina athletic department was nearly $160.5 million.
- Among the public schools that earned top-four seeds, South Carolina spent more than any other school on women’s basketball, with expenses totaling over $9.5 million. This amount includes coaching and support staff salaries, which accounted for more than $5.3 million of the total expenses1.
- Losses:
- In terms of deficits, the athletic department faced the following challenges in recent years:
- 2020: A deficit of $765,306.
- 2021: A deficit of $11 million.
- 2022: A deficit of $3.7 million2.
- The three seasons before 2023 were in total losses for the Athletic Department. I saw at least one year where the womens program lost big money I will find it eventually.
Well it was good to break even this season that is all you could hope for. Especially with the Athletic Department operating at such a low revenue 160 million.The three seasons before 2023 were impacted by the Covid years and almost every school in the country went through the same issues. And yes, WBB at SC has historically lost money just like EVERY WBB program in the country due to the TV package which I explained above. But SC WBB never lost $8 million.
Look at these numbers for basketball in 2023…..SC WBB had revenues in excess of $9.5 million, UT is listed at about $2.4 million in revenue for LV’s. Uconn WBB was second at around $8.4 million. Nobody else was close.
- Revenue:
- The total operational revenue for the South Carolina athletic department was nearly $160.5 million.
- Among the public schools that earned top-four seeds, South Carolina spent more than any other school on women’s basketball, with expenses totaling over $9.5 million. This amount includes coaching and support staff salaries, which accounted for more than $5.3 million of the total expenses1.
- Losses:
- In terms of deficits, the athletic department faced the following challenges in recent years:
- 2020: A deficit of $765,306.
- 2021: A deficit of $11 million.
- 2022: A deficit of $3.7 million2.
- The three seasons before 2023 were all total losses for the Athletic Department. I saw at least one year where the womens program lost big money I will find it eventually.
Look at these numbers for basketball in 2023…..SC WBB had revenues in excess of $9.5 million, UT is listed at about $2.4 million in revenue for LV’s. Uconn WBB was second at around $8.4 million. Nobody else was close.
Schools That Make the Most Money Off College Basketball
Find out which school brings in the most cash.www.gobankingrates.com
So who is losing all the money football?South Carolina Athletics reports budget loss
COLUMBIA, S.C. — University of South Carolina Athletics will conclude the 2020-21 academic year with a budget deficit of approximately $27 million, due to the impacts of the pandemic. Prior to…www.wbtw.com
This may be the year I was looking for but I can't find the article I was reading when Sc women basketball lost big money.
I think the only thing that hasn't changed or been dropped is the part where the schools can't actually supply the NIL money or talk about it to the athletes. I think it still has to be the "collective" offering.Tennessee can make NIL deals legally with high school and portal transfers. Whether this helps Lady Vol basketball remains to be seen. There was a lot of talk about a lot of other schools making deals regardless of NCAA rules before while Tennessee under those rules could not or would not because it was illegal. That is no longer true and if there was cheating going on the playing field has now been leveled for at least the next several months.
We're 9-5 in SEC, Bama is 8-6 but has the tie break over us. We'll be 5th seed in the SEC unless we win out, or we go 1-1 and Bama loses another game. Since their remaining games are Fla and TAM, and ours are TAM and SC, we're probably going in 5th. Which means in the SEC tourney on Thurday we'll play a bottom feeder who won a Wednesday playin game. Win that and then play Alabama, who has a bye, on Friday. Whoever wins the Friday game btw us and Bama will then play SC (assuming they win their first bottomfeeder game on Fri) in the semis on Saturday. Would be our 3rd game in 3 days, and our 3rd time playing the undefeated best team in the country in a month's time. Brutal.Might be out the tourney by the second round. If we stay 4th we run into Bama in the 2nd round. If we lose one of the last 2 we end up behind Bama we run into SC 2nd round.
It has to be the collective but NCAA said they couldn't before. The coaches can sit in on the meetings but the collective has to do the negotiating. LOL I'm sure that will happen.I think the only thing that hasn't changed or been dropped is the part where the schools can't actually supply the NIL money or talk about it to the athletes. I think it still has to be the "collective" offering.
We're 9-5 in SEC, Bama is 8-6 but has the tie break over us. We'll be 5th seed in the SEC unless we win out, or we go 1-1 and Bama loses another game. Since their remaining games are Fla and TAM, and ours are TAM and SC, we're probably going in 5th. Which means we'll play a bottom feeder who won a Wednesday playin game on Thursday, then Alabama, who has a bye, on Friday. 4th and 5th seeds always play each other. Whoever wins the Friday game btw us and Bama will then play SC (assuming they win their first bottomfeeder game on Fri) in the semis on Saturday. Would be our 3rd game in 3 days, and our 3rd time playing the undefeated best team in the country in a month's time.
So who is losing Sc made a 69 thousand surplus last season of their 160 million so some of the sports aren't faring to well.Look at these numbers for basketball in 2023…..SC WBB had revenues in excess of $9.5 million, UT is listed at about $2.4 million in revenue for LV’s. Uconn WBB was second at around $8.4 million. Nobody else was close.
Schools That Make the Most Money Off College Basketball
Find out which school brings in the most cash.www.gobankingrates.com
I see you broke even in womens basketball so who is losing the money? 69 grand was your take last year out of 160 million. Seems that is your best sport or at least the one doing the best moneywise.In 2020 and 2021 every AD in the country faced financial hardships due to Covid and UT was not excluded. Look it up. But SC WBB leads the nation in revenue by a wide margin and they are one of the few programs in WBB that are near break even at this point.
We haven't ever lost 27 million in any year.In 2020 and 2021 every AD in the country faced financial hardships due to Covid and UT was not excluded. Look it up. But SC WBB leads the nation in revenue by a wide margin and they are one of the few programs in WBB that are near break even at this point.
No sports except MBB and FB make a profit. Those sports pay for the tennis teams, volleyball teams, swim teams, gymnastics teams etc etc etc. You already know this stuff, don’t back yourself into a corner anymore, you are better than this 2012. And yes, SC WBB does better financially than the LV program, so we can stop with that avenue of attack on their program as well.So who is losing Sc made a 69 thousand surplus last season of their 160 million so some of the sports aren't faring to well.
Well Tennessee made over 13 million even with low revenue womens basketball. So what corner I just said womens basketball seems to be the University savior at ScNo sports except MBB and FB make a profit. Those sports pay for the tennis teams, volleyball teams, swim teams, gymnastics teams etc etc etc. You already know this stuff, don’t back yourself into a corner anymore.
Ima gonna let this one go, in a good sportsmanship gesture, because I could pile on here but it wouldn’t be friendly. But the data is there if you would like to dig. It’s not rocket science.Well Tennessee made over 13 million even with low revenue womens basketball. So what corner I just said womens basketball seems to be the University savior at Sc
Pile on how just agreed with you about womens basketball you showed the proof. Then I asked why just 69 grand as overall profit. I did not even suggest that the year Sc lost 27 million that womens basketball still broke even. Plus how could you pile on after womens basketball the Sc sports program is virtually a zero.Ima gonna let this one go, in a good sportsmanship gesture, because I could pile on here but it wouldn’t be friendly.
SC does NOT lose $8 million a year on WBB.
“On the money side of things, the UofSC women’s basketball program brought home $9,537,698 in revenue and paid out $9,537,698 in total expenses. On the positive side, this means the program didn’t lose any money - and that’s not something every college sports program can claim.”
Because every year each and every AD across the country has a final financial report reporting gross revenues and expenditures. Every school is not alike each year in expenditures, some do new stadiums, stadium renovations, new Arenas, etc etc etc. You cherry pick a few years during Covid no less, and don’t look at the expenditures of each school. It wasn’t too long ago UT reported losses but there were reasons, and a smaller profit at SC in any given year is directly related to the expenditures. Now look up what the money was spent on, that will answer your questions, but yes, the SC WBB pulls their own weight and that was what this was all about to begin with when you half hazardously stated they lost $8m.Pile on how just agreed with you about womens basketball you showed the proof. Then I asked why just 69 grand as overall profit. I did not even suggest that the year Sc lost 27 million that womens basketball still broke even. Plus how could you pile on after womens basketball the Sc sports program is virtually a zero.
No problem you proved that year and if they have done that every year congrats to them.Because every year each and every AD across the country has a final financial report reporting gross revenues and expenditures. Every school is not alike each year in expenditures, some do new stadiums, stadium renovations, new Arenas, etc etc etc. You cherry pick a few years during Covid no less, and don’t look at the expenditures of each school. It wasn’t too long ago UT reported losses but there were reasons, and a smaller profit at SC in any given year is directly related to the expenditures. Now look up what the money was spent on, that will answer your questions, but yes, the SC WBB pulls their own weight and that was what this was all about to begin with when you hazardously stated they lost $8m.
Since that is not what she said, you should not have put quotes around it. She would never say what you wrote.Kellie said, “don’t look at all the times we’ve played terrible this season, just look at the 1st half of the South Carolina game”. That’s the pitch that’ll get us in the tourney? What are we up to now 0-7 vs the top 25 this year.
At their very worse time financially under DS I think they lost close to $4m which at the time was kinda par for the course for aggressive programs.Then I could've saw another year when they lost 8 million. I don't want to say that now. I just want to assume they have never had a losing year of any amount. Looks like SC womens basketball is doing their share for sure.