In reply to: Schools are bidding on other schools' players already. posted by MrE
why should the football players be concerned with that?
I'm not sure what transpiration is, but that's an interesting line item. 9 million dollars a year for that seems odd, you would have thought I might have heard of it.
And how exactly is paying them more insulting to the student body? How is it any business of the student body?
You seem to be very concerned about what amount of money other people make, which I find odd. Why would you begrudge someone the opportunity to make more money? Do you feel that their talents belong to the state or something? Would you be more comfortable with a socialist or communist economy?
not the athlete's problem. You can't and shouldn't ask labor to solve management's problems without giving labor something significant in return. The question then becomes, is what labor is getting significant enough to justify what they're giving up? Many argue that it isn't, especially for the top end guys at the highest revenue schools.
We aren't in the oil and gas industry. ND, and other schools, spend profligately because they aren't supposed to be turning a profit. That $30M equates to what, almost ~$1B of capital expenditures? There's also debt service on top of the depreciation, which further degrades profitability.
The number of athletic departments which have revenue equate to expenses is absurd.
the players.
In fact, they spend a ton on facilities to entice players because they aren't paying them. They also don't need a dozen analysts on staff but, again, there's a lot of money to spend.
The Big-10 is about to distribute $100M annually to each of its member schools. That is going to be $50-60M of incremental revenue at almost 100% profitability to those schools. SEC is in the same, enviable boat.
The Big-12 just signed a deal that will increase its TV revenue by an average of 75%.
Also, NFL teams spend about 4% on coaching staffs. CFB is closer to 12-15%.
Right-sizing that spend would free up millions per year
I Would like to see a wage report for the athletic departments of CFB programs. Probably could find another several million per year there too.
And then there's the arms race spending on facilities...the fault of the ADs and Presidents.