Is the State of Texas changing from Burnt Orange to maroon?

[UT1983]

If someone were to take a snap shot of the state of college football today, they would see an undefeated sixth ranked a&m football team combined with state of the art facilities and whose athletic department took in total revenues of $192,608,876 with expenditures of $109,313,651 to rank number one in the nation in wealth for 2015; compared to the University of Texas at Austin that has a currently unranked team, with a fan base hoping for maybe 6 to 7 wins, with total revenues of $183,521,028 with expenditures of $173,248,133 ranking second in the nation in wealth. 

(Data taken from an article by Jason Alsher titled "College Sports: 7 Schools That Bring in the Most Money)

The other five are:

3. Ohio State Buckeyes  Revenue of $167,166,065 with expenses of $154,033,208

4. Michigan Wolverines  Revenue of $152,477,026 with expenses of $151,144,964

5. Alabama Crimson Tide  Revenue of $148,911,674 and expenses of $132,354,913

6. Florida Gators Revenue of $147,105,242 and expenses of $125,384,443

7. LSU Tigers Revenue of $138,642,237 and expenses of $121,947,775

Should be noted LSU has an opening for a new head coach.

To say UT is underperforming is the understatement of the year, if not decade.  We should be EXPECTING runs at the conference title every year and a shot at a Natty every two to three years. 

And somehow saying "We're Texas!" is supposed to mean something anymore? Who really is "running this state"?

 

[MBHORNSFAN]

The reason aggie made this much money was due to the capital campaign they had to raise funds for the new stadium. Once all these one time donations fall off the books their financial number will go down drastically. 

 

[bevo38]

No.

 

[java]

No, it's red, white, & blue.

 

[Randolph Duke]

The data is taken from here: http://ope.ed.gov/athletics/#/

This is the Dept of Education database that will be updated any day, once the Aug 31 reports are processed.

If you want the operating revenues from men's sports, here are the operating numbers. Take a wild guess which column is aggy and which is UT Austin:

To finish their stadium, aggy borrowed an additional $350 million. That puts their total athletics debt at over $400 million. Their debt service is at roughly 23% of revenues. For UT, the debt service is 8%. aggy had a blip in fundraising involved with the Kyle Field project. That project was necessary because aggy only has money to invest in facilities in those rare years when they have a decent football team. The Big House was built in the same year as Kyle. Michigan was a continuously successful program that invested in facilities on a regular basis. Michigan has a great, classic facility. aggy had a shithole that was not ADA compliant and was deemed a fire danger by the local fire marshall.

Moving forward, aggy is now building a new track facility with a capacity of 3,500 spectators. Both the Texas Relays and the state UIL championship draw 20,000 spectators on the Saturday of the meet. aggy is building a new track facility that is so wholly insignificant, it is meaningless when it comes to holding important meets in the state of Texas. Seriously. try holding the UIL meet at the new aggy track facility. lol.

As far as revenue vs expenditures, aggy is a public university. Its existence is a government function. Assuming aggy actually generated the profit you say, as opposed to raising the $100 million to pay part of their stadium rebuild, what level of "profit" is proper for any function of government? Governments receive money from taking from the people. Government is supposed to break even, not seize public money far above the level necessary to perform its functions. Government isn't supposed to be flush with cash. They are supposed to match revenues with expenditures and let the people keep the money they worked for.

If aggy really pulls in so much in excess athletics revenues, when is aggy going to start sending millions from the athletics side to the academic side to support the core mission of the school?  Instead, aggy athletics still owes the academic side almost $20 million from the "interest free loans" they were given for the 2006, 2007, 2008, 2009 and 2012 years when aggy athletics couldn't pay their bills. UT ran in the red one year and had a $40 million reserve to handle the shortfall. aggy went five years in a ten year span on the verge of bankruptcy.

Wait a week for when the 2015-2016 fiscal year numbers are released in the DOE database and then I will bump this thread and mock you for being such an idiot.

 

[Bear19]

RD

I appreciate the info you bring to this board regarding those matters. However you are an asshole for calling UT1983 an idiot. Just because not all of us have your insight doesn't mean we're idiots. Well maybe I am.

 

[Randolph Duke]

RD

I appreciate the info you bring to this board regarding those matters. However you are an asshole for calling UT1983 an idiot. Just because not all of us have your insight doesn't mean we're idiots. Well maybe I am.

I am an asshole for a number of reasons.

How anyone can fall for the aggy "we redneck rick" bullshit escapes me.

aggy's operating revenues are about half of what UT's are. aggy is a pimple on the ass of college athletics when it comes to revenues. Here is the listing of revenues as reported to the DOE for the 2014-2015 fiscal year (ending Aug 31). :

The bump in revenues for aggy was the "donations" held by the 12th Man foundation, waiting for the Kyle Field project to finish, when they transferred the final slug of money over to the athletic department. That is what skewed their numbers higher. And, for the record, the bump in donations for the aggy stadium project didn't even come close to the bump for Oregon or Okie Lite for their facilities projects. if aggy is rich, they aren't even "Okie Lite rich."

The new numbers will be out in about a week. Just be patient.

 

[streettopeschel]

The ags had a better football program than Texas in the mid 50s. It happened again in the mid 80s. And they do today.

So every 30 years or so, they have their moment. This too shall pass and around 2045 or so, it'll likely happen again.

 

[UT1983]

RD,

I actually appreciated your addition to this discussion. Good information.

Drop the name calling however, makes you seem "aggyish".

 

[J.B. TexasEx]

The new numbers will be out in about a week. Just be patient.

My hope is that we don't have to wait as long for this as we do for the 12th Man trademark challenge and lawsuit.....

 

[Randolph Duke]

I just get amazed at the number of people who fall for the aggy bullshit.

Like I said, even when aggy had outsized revenues to pay the $100 million for their stadium they didn't borrow (out of the $450 million total), aggy still raised less money than Okie Lite. Who in their right mind believes Okie Lite is a wealthier school in academics or athletics than UT Austin? No one.

With the opening of the med school on campus, UT Austin's operating budget will go from greater than the combined budgets of aggy and OU to greater than the entire TAMU System. That will make the Austin campus the second component of the UT System to have a larger economic footprint than the entire aggy system (M.D. Anderson being the other).

The UT System's annual operating budget is more than four times that of the TAMU system. The average cost of educating a student is roughly $50,000. At aggy, it is less than $30,000. Take out the $9,000 tuition and you can see over twice as much public money is dedicated to educating a UT student as opposed to a student at aggy. And the public's money isn't being spent without good reason.

The non-PUF endowments in the UT System are greater then the entire PUF. The privately funded endowments of the entire TAMU system are $1.5 Billion. The privately funded, non-PUF endowments, of the UT System are over $17 billion (with most of the latest UT Austin capital campaign still not fully funded). aggy gets 1/3 of the AUF distributions to support their system of 140,000 students. UT Austin alone gets 1/3 of the AUF distribution for its 50,000 students. And another equivalent amount to support the other 180,000 students in the other UT System schools.

With the new Nike contract (and a number of other contracts) kicking in, the athletics budget of UT Austin will probably break $200 million this year. Even with aggy's new stadium, UT still pulls in 150% of the ticket revenue aggy athletics generates. No aspect of the financial operations of aggy even comes close to that of UT Austin.

The schools, in both academics and athletics are so fundamentally different, I can't understand how anyone would think for a minute that aggy is eclipsing UT Austin.

The problem is one of perception, not reality. Bellmont is just a mess these days and there is no urgency to correct the problem. But to think aggy is about to overtake UT Austin in any way is just absurd. Give UT Austin a schedule with Prairie View, SMU, South Savannah State, and the other cupcakes, and UT Austin would have a much better football record, also.

We just need to fire Charlie Strong and hire a real football coach.

 

[RickyFlair]

The actual amount of stadium donations was $58 mill. It can only be spent on the stadium.

To put things in perspective, Texas Football had a 2015 revenue of $121 million. The program broke the $100 million mark for the fourth straight year and is the only program to ever break the $100 million mark. When OK St had their fundraiser for the stadium they had $240 million in revenue. This is all happening while UT is at it's historic worse and A&M at its best since A&M, USC, Tennessee 1939 National champion season.

 

[mctmatt]

All I know is that if Aggy beats those boys in Bama this weekend and we lose to K-State ....well, those numbers want mean Sh#% to recruits! 

 

[North Texas Golfer]

My hope is that we don't have to wait as long for this as we do for the 12th Man trademark challenge and lawsuit.....

Yea, I'm waiting on that as well. But....I am not holding my breath while doing so. 

 

[North Texas Golfer]

The data is taken from here: http://ope.ed.gov/athletics/#/

This is the Dept of Education database that will be updated any day, once the Aug 31 reports are processed.

If you want the operating revenues from men's sports, here are the operating numbers. Take a wild guess which column is aggy and which is UT Austin:

To finish their stadium, aggy borrowed an additional $350 million. That puts their total athletics debt at over $400 million. Their debt service is at roughly 23% of revenues. For UT, the debt service is 8%. aggy had a blip in fundraising involved with the Kyle Field project. That project was necessary because aggy only has money to invest in facilities in those rare years when they have a decent football team. The Big House was built in the same year as Kyle. Michigan was a continuously successful program that invested in facilities on a regular basis. Michigan has a great, classic facility. aggy had a shithole that was not ADA compliant and was deemed a fire danger by the local fire marshall.

Moving forward, aggy is now building a new track facility with a capacity of 3,500 spectators. Both the Texas Relays and the state UIL championship draw 20,000 spectators on the Saturday of the meet. aggy is building a new track facility that is so wholly insignificant, it is meaningless when it comes to holding important meets in the state of Texas. Seriously. try holding the UIL meet at the new aggy track facility. lol.

As far as revenue vs expenditures, aggy is a public university. Its existence is a government function. Assuming aggy actually generated the profit you say, as opposed to raising the $100 million to pay part of their stadium rebuild, what level of "profit" is proper for any function of government? Governments receive money from taking from the people. Government is supposed to break even, not seize public money far above the level necessary to perform its functions. Government isn't supposed to be flush with cash. They are supposed to match revenues with expenditures and let the people keep the money they worked for.

If aggy really pulls in so much in excess athletics revenues, when is aggy going to start sending millions from the athletics side to the academic side to support the core mission of the school?  Instead, aggy athletics still owes the academic side almost $20 million from the "interest free loans" they were given for the 2006, 2007, 2008, 2009 and 2012 years when aggy athletics couldn't pay their bills. UT ran in the red one year and had a $40 million reserve to handle the shortfall. aggy went five years in a ten year span on the verge of bankruptcy.

Wait a week for when the 2015-2016 fiscal year numbers are released in the DOE database and then I will bump this thread and mock you for being such an idiot.

So the person who has spewed so much bullshit about the a&m trademark infringement is really going to mock someone for being such an idiot. Good one, RD. 

 

[North Texas Golfer]

Look on the bright side. 

We are #1 in expenditures 

The aggies better step it up if want to catch Texas as they are only $64,000,000 behind. 

 

[J.B. TexasEx]

Advantage, aggy?  :huh:

— Twitter API (@twitterapi) November 7, 2011

 

[tejasrulz]