Rupp is owned by Lexington Center Corp. so there is a cost there.
This is from Dec 2016:
▪ UK has agreed to an annual base lease payment of $1.9 million to Lexington Center. That payment will increase by 2.4 percent each year.
▪ UK will pay Lexington Center $4.75 million each year for media rights.
▪ Lexington Center will receive 15 percent of merchandise sales and will be paid a not-yet-decided amount for parking.
▪ Lexington Center has agreed to add four club suites to Rupp Arena and to change roughly 10,584 upper-level seats from benches to chair-back seats. The cost of those changes will not exceed $15 million.
Read more here: Kentucky basketball to stay at Rupp Arena under new deal | Lexington Herald Leader
My guess is that a lot of these schools that are "football" schools have a lot of costs that are covered by football and basketball avoids footing the bill.
Couple head-scratchers though. FSU and Texas. Are both those programs starting to pump more money into hoops than in years past? Is Rick Barnes buyout adding to Texas's numbers or something?
OK. I'm dense on this subject. It's basketball. We already have the biggest arena in the SEC. (don't we?) The players need new shoes? I'll betcha if we run deep in the tournament, Nike or somebody will be along with a nice fat contract and brand new shoes for everybody. New uniforms? New nets on the goals? Weight room? Sauna? Hookers and blow?Whatever everyone else is pissing away money at.
When our head coach is accidentally taking a violation to give bonuses to his assistants, we should be paying assistants more.OK. I'm dense on this subject. It's basketball. We already have the biggest arena in the SEC. (don't we?) The players need new shoes? I'll betcha if we run deep in the tournament, Nike or somebody will be along with a nice fat contract and brand new shoes for everybody. New uniforms? New nets on the goals? Weight room? Sauna? Hookers and blow?
Oh, I know. We could build a ski lodge like UK had years ago for the players dorm.
Or is it that you are just out of blue font?
Seriously. Help me out here. Spend money on what?
They need a private luxury jet that seats about 30.