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  1. #1
    PadrosWindup's Avatar
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    Great Article on finacial benefit of adding Syracuse and Pitt to the ACC

    The write takes a critique of the expansion and its financial benefit, and shows how important $1-2 million/year is for college athletic programs.

    Key point:
    "In all of college sports there are only 22 self-sustaining athletic departments. These athletic departments support themselves financially with no outside state funding, student fees (of which ACC schools are a major offender), or university subsidies. Of those 22 schools only one is an ACC member: Virginia Tech. The most current data available shows the Hokies clearing $968,000 in one fiscal year from athletics."

    Complain all you want about Jim Weaver, but this puts us in elite company. It is also the reason that non-football coaches are unlikely to be fired with years left on their contract. Want Seth Greenberg gone? Wait until his contract is up. Pay Seth Greenberg to not coach, and VT athletics are immediately in the red.


    http://businessofcollegesports.com/2...-in-expansion/

  2. #2

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    all of you naysayers, note: VT is 1 of only 22 self-sustaining programs! and the only one in the ACC!

  3. #3

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    The article is mistaken. VT students pay a hefty athletic fee that goes to the athletic department.

  4. #4

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    Not really, according to a Washington Post article a few months ago, VT students only pay around $200 as compared to a Longwood student who will pay a little over $2,000. The VT athletic fee is the cheapest in the state.

  5. #5

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    if you treat athletics as an advertising arm of the university, then why would you expect it to turn a profit?

  6. #6
    Hokies23's Avatar
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    Quote Originally Posted by kgevt1 View Post
    Not really, according to a Washington Post article a few months ago, VT students only pay around $200 as compared to a Longwood student who will pay a little over $2,000. The VT athletic fee is the cheapest in the state.
    it wouldn't be Jesse if he didn't mis-lead on the facts. yes, the students pay a fee just like at every other school in the state, and as you note VT students pay nearly the least in the state. Far less than UVA, GMU, and as you point out, Longwood.

  7. #7

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    Quote Originally Posted by gern View Post
    if you treat athletics as an advertising arm of the university, then why would you expect it to turn a profit?
    EXACTLY. They should be budgeting for a couple million dollar loss every year. Few schools can attest to a change in school profile as a result of athletics success more than VT. I wouldn't mind spending that million on an Offensive Coach. Clemson's stepping it up nowadays. Why shouldn't we?

  8. #8
    SWEETPEA 05's Avatar
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    Quote Originally Posted by SECJesse
    The article is mistaken. VT students pay a hefty athletic fee that goes to the athletic department.
    not sure i would call the fee hefty, and the fee is paid by the state to the private Athletic fund for services provided such as tickets and access to facilities. So while it is a 'subsidy' in essence it is actually payment for services provided.

  9. #9
    Quote Originally Posted by SECJesse View Post
    The article is mistaken. VT students pay a hefty athletic fee that goes to the athletic department.
    The athletic fee is about $150, I wouldn't exactly call that hefty...

  10. #10

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    Quote Originally Posted by kgevt1 View Post
    Not really, according to a Washington Post article a few months ago, VT students only pay around $200 as compared to a Longwood student who will pay a little over $2,000. The VT athletic fee is the cheapest in the state.
    True, however, Longwood and others cited lower overall tuition (+fees) than VT and UVa as a reason for the inflated athletic fees and their attempt to keep them separated from education expenses.

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