Notes on disconnected topics from conversations with Fred Glass

9 comments by   |   Monday, May 13, 2013 - 4:08 pm EDT

Been in touch with Fred Glass several times in recent weeks over a handful of mostly unrelated topics, mostly just for clarifications on some things. A few of them, I believe are important enough to note.

– In order to host a regional in the NCAA Baseball Tournament, Indiana will have to submit its bid by Friday. IU has been evaluating the prospect for several weeks now and NCAA officials were in town this weekend to inspect IU’s ability to host the event, evaluating Bart Kaufman Field as well as Indiana’s support personnel. All indications are that those evaluations went well.

In order to host a regional, schools have to make a minimum cash payment of $50,000 to the NCAA. Evaluating the feasibility of hosting a regional effectively means deciding if there is enough potential revenue to be made from gate receipts and concessions to cover the cost or turn a small profit. Glass said he might not be confident in that if there were no way to expand on Bart Kaufman Field’s 2,700 seating capacity, but the standing room space on the concourse, in the picnic area near the right field foul pole and the space beyond the right field wall make it possible to increase that significantly. The NCAA requires that schools charge at least $8 for reserved seats and $6 for general admission. Glass said Indiana is likely to charge slightly above that number if it hosts a regional.

– Glass said that the report that surfaced last week in the St. Louis Dispatch saying that Big Ten schools would receive $25.7 million in payouts from the conference this year was close to accurate if it wasn’t right on the dot.

– Glass said he was pleased to see the report from USA Today that included Indiana among the 23 Division I athletic departments that produced enough revenue in 2012 to cover its expenses. Though Indiana has operated generally in the black throughout Glass’s tenure, the criteria USA Today used said that Indiana did not produce enough revue to cover its expenses in 2011. IU did not actually run a deficit, earning approximately $71 million in revenue compared to $69.3 million in expenses.  However, by USA Today’s criterion, IU also received approximately $2.7 million in subsidies from the university, a number greater than the difference between revenues and expenditures, so USA Today did not consider IU self-sustaining. Glass debated that point last summer, pointing out that the athletic department did not receive any funding from the university directly and that the $2.7 million came only through very by the book accounting. Of the $2.7 million, $1.8 million came from the fact that the university pays IU’s entire electric bill directly without regard to department. That $1.8 million is what IU athletics’ bill was estimated to be if it were broken down by department. The other subsidy money comes from the university’s payment of all academic advisers regardless of a department and also the lack of interest on a loan taken from the university by the athletic department.

This year, according to USA Today, Indiana made $72,973,954 in revenue and $69,915,060 while taking in $2,782,080 in subsidies, coming from the same channels as last year. That still leaves IU totally in the black by $276,814.

“We’re glad to be in the black,” Glass said. “If you look at those subsidy payments, those are things that are taken care of for all units on campus so I believe we belong in the company of schools that don’t get any subsidy. But we’re still in a select group. And if you look at that list, they’re all pretty big football schools that make a ton of money by filling their stadium. We don’t have a big stadium and we’re not filling it yet. I think it takes extra effort to make it work in those circumstances.”

Indiana ranked 31st nationally in total revenue, but that figure ranked 10th among Big Ten public schools with only Purdue making less.

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9 comments:
#1
slojoe
Monday, May 13, 2013 - 5:37 PM EDT

The good news is that our football revenue is so low that we have a high upside should Coach Wilson turn things around and we start filling up the stands more often.

 
#2
Keith
Monday, May 13, 2013 - 6:45 PM EDT

Freddie G making it happen again. It’s great to see the turn around in the Athletic Department trickle down to more success and visibility for IU athletics since the McRobbie fiasco. I should also mentions he does it all rockin’ a Candy Striped blazer, red socks and Fred MacMurray’s loafers. Just kiddin’ about the loafers AD glass :)
Keep up the good work.

 
#3
Docdave
Monday, May 13, 2013 - 9:49 PM EDT

What is the Mcrobbie fiasco?

 
#4
Keith
Tuesday, May 14, 2013 - 7:10 AM EDT

Apologies Docdave. And a mega mea culpa to President McRobbie. I intended write a bit more on the matter but decided against it. As I edited I removed all references to former AD Rick Greenspan, who the fiasco reference fits like a 2nd skin.

 
#5
Hoosier Clarion
Tuesday, May 14, 2013 - 9:20 AM EDT

I am sorry Keith but Greenspan cleaned up much of the financial disaster that was created by the Miles Brand hire of Michael NcNeely as AD(you remember him the AD who fired 4 coaches in his 16 month tenure after spending much$$$$ to remodel his AD office suite?). Greenspan achieved the financial stabilization w/o much $ benefit from BTN. Under his watch the Memorial Stadium addition and upgrade was instituted. He also hired baseball coach Tracy Smith BB coach Crean and the late Terry Hoeppner. Yes you can blame him for KS but Adam Herbert was also lurking around Bloomington at the time. I have great respect for AD Glass and his results achieved proving he is the right man at the right time. He is a much better promoter than RG and that is from his years of doing the same in the civil sports world in Indy. But Greenspan started righting the AD’s ship 1st. As far as McRobbie I like his leadership style he hires capable managers and lets them do their job. As far as athletics I suspect we both agree IU is in the best position ever involving that department.

 
#6
docdave
Tuesday, May 14, 2013 - 11:56 AM EDT

Clarion- I agree with what you said. I was thinking the same about McRobbie. He is a solid leader who delegates well, and lets those people prove their talents. Poor leaders tend to meddle too much and don’t let subordinates achieve their max. Mcneely was a real turd. I think Greenspan was OK, but he was in over his head, for the most part.

 
#7
Keith
Tuesday, May 14, 2013 - 4:23 PM EDT

Well stated Clarion. Greenspan did set the wheels in motion for the current iteration of athletic programs we currently enjoy.

 
#8
Podunker
Tuesday, May 14, 2013 - 7:08 PM EDT

When the Hoosier Nation decides that IU football is worth watching, and they put their butts in the Memorial Stadium seats through more than two quarters, IU’s revenue line will go way up. That will make IU athletics much, much more secure in hiring/retaining the best coaches, recruiting and etc. Football is the key.

Glass is doing a wonderful job in spite the disadvantage of having too many apathetic football fans.

 
#9
Chet
Tuesday, May 14, 2013 - 10:14 PM EDT

At the end of the day we won’t be a top flight athletic department until we have real football money. The BTN keeps us in the game but even top flight basketball programs only bring in 10 to 17 million a season.

A successful football program will generate 45 to 70 million per season.

That’s why Texas and OSU are money machines.

 


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