Tue., Nov. 25, 2014
Mon., Nov. 24, 2014
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Fri., Nov. 21, 2014
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.
How many games will IU basketball win in 2014-15
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