by Aargh » March 26th, 2012, 10:30 pm
I've done financial projections for NYSE companies and have a great track record of nailing them.
30,000 attendance at $40 per seat = $1.2 mill. $1.2 mill times 6 home games = $7.2 mill. 2 OOC suicide games at $1 mill each = $2 mill. I'm assuming you're not buying any OOC home games,which is nearly impossible.
That gives you $9.2 mill to work with.
Head coach $2 mill. Asst coaches $1 mill - You want to compete - right? That leaves you $6.2 mill
200 scholarships (gotta cover the Title IX women's sports). I don't know all the school's tuitions, but let's say it's $25K. That's $5 mill. Now you've got $1.2 mill left.
Travel costs, facilities upgrades (you want to compete -right?), additional facilities for more women's sports, coaching staffs for additional women's sports, insurance for the athletes, then throw in the little stuff - like supplies for trainers. $1.2 mill will disappear so fast it will make your head spin.
To get an average attendance of 30K, you almost have to have a facility that will hold 40 - 50K. Then you have to actually be able to put those butts in seats. It's a huge struggle to raise attendance from 10 - 20K to 20 - 40K. You've got to be able to get an additional 10K to 20K people there, and that's unlikely for a school with minimal tradition and following.
Before I hear the "we've got great tradition", Kansas and Kansas State really struggle to put 40K in their places unless they're having a great year or their opponents buy 20K tickets. Those schools have been in the highest FB classification FOREVER and they're in a BCS conference. If Kansas State didn't get the big bucks from the B12's BCS appearances, their athletic department would be bankrupt.