MVC Men's Basketball budgets

jamminjamarsmiley

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So a couple things, all the Valley teams are spending within roughly 1.6 m of each other, if you take out Loyola who is way out in front. That really isn't a lot in the grand scheme of things and like someone said, probably should look at overall budgets. ISU has more than one sport, including football which takes a large chunk of the budget.

As far as naming rights, AD has said that it could be used to push the IPF over the finish line. The way it works is ISU has allocated the funds IF the AD can raise 70% of the cost through fundraising. (Illinois State AD: Selling naming rights to Redbird Arena could provide financial boost). He says in this article that naming rights could be used for that. Or, they could finish the fundraising without it and then use the naming rights for other things. So if people donate, then as @Birdfriend72 said, it can be used for something else.
Does a breakdown of budget by sport exist? I assume football is much larger. This is something that I struggle with. Even in the best year of ISU football history, when the team went to Frisco, to me, that still didn’t come close to the sort of excitement or pride (or national recognition) I would have for an ncaa tournament bid. I hope the admins do not prioritize football over basketball is what I am getting at. Also, whenever the day comes to hire a new coach, the most qualified candidates will likely want to ensure the university is providing the resources to be successful. Being 8th of 10 in budget may not convince them. I hope Brennan and the admins are ready to commit the resources to take ISU hoops to a different level.
 

Birdfriend72

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In football, 15,000 fans (amount of tickets bought needed to be admitted in to FBS which I assume they would if they went to 20,000 seats) x $25 (price per ticket) = $375,000 x 6 (games) = $2.25-million.

In basketball, there are usually 16 home games. 9,000 (number of fans if they get good again) x $25 (price per ticket) = $200,000 x 16 (games) = $3.6-million.

So, yes, at these numbers basketball wins by about 1.5-million. But, that's assuming Redbirds basketball gets good again. Why cant we assume the same thing for football if you can for basketball. That would move the mark up to $2.7-millions for football decreasing it to a $1-million different. And, a lot more if you're good and move up to the AAC. Short term basketball is the best. Long term it's football. $2.7-million + $3-million (estimated minimum AAC contract since the last one was $7-million) = $5.7-million. to $3.6-million. Let's push football forward. It's best for long term health of the university.

same could be said for basketball
Basketball isn't asking to rename Hancock Stadium to fund their toys. Instead, it's being told it can't make necessary changes because they don't have the funds. In fact- if you have a successful program you can make a solid revenue stream. Loyola made the valley 8.2 million. ISU receives $136,000 the next six years just for Loyola being successful. Sounds like a great gig to me.
 
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ISUBird

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Depends on what the facility is for. Why aren't basketball and football two separate entities? One shouldn't pay for the other unless you are Alabama or Oklahoma and have a solvent football program.
I partially agree. Rename it Hancock Field and put the football stadium's naming rights up.
 

ISUBird

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Does a breakdown of budget by sport exist? I assume football is much larger. This is something that I struggle with. Even in the best year of ISU football history, when the team went to Frisco, to me, that still didn’t come close to the sort of excitement or pride (or national recognition) I would have for an ncaa tournament bid. I hope the admins do not prioritize football over basketball is what I am getting at. Also, whenever the day comes to hire a new coach, the most qualified candidates will likely want to ensure the university is providing the resources to be successful. Being 8th of 10 in budget may not convince them. I hope Brennan and the admins are ready to commit the resources to take ISU hoops to a different level.

I don't know how accurate this is, but it has what you're looking for.

 

Birdfriend72

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I don't know how accurate this is, but it has what you're looking for.

Looks like they cook the books. It's hard to believe every program was self sufficient.
 

Birdfriend72

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I partially agree. Rename it Hancock Field and put the football stadium's naming rights up.
Maybe sell the rights to a big company that's willing to donate a percentage of the proceeds for the practice facility and give it their naming rights. I would be outraged as a baseball coach if the field naming rights were used to supplement the basketball program.
 

TBS_20

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You can all say what we want but football is where the real money is unless we catch lightning like VCU, WSU, LU, etc. id rather the university puts its efforts towards where the actual money is and start ladder stepping instead of hoping to become the next Gonzaga. It's never going to happen. And, because of the administration neither will ever happen. We'll stay mediocre in basketball and football. We'll claim to be the SEC of FCS. LOL. It's true but pathetic. And, one day we'll be in what's left over which will basically be D2.
 

Birdfriend72

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You can all say what we want but football is where the real money is unless we catch lightning like VCU, WSU, LU, etc. id rather the university puts its efforts towards where the actual money is and start ladder stepping instead of hoping to become the next Gonzaga. It's never going to happen. And, because of the administration neither will ever happen. We'll stay mediocre in basketball and football. We'll claim to be the SEC of FCS. LOL. It's true but pathetic. And, one day we'll be in what's left over which will basically be D2.
Only if you are Alabama or Oklahoma. ND State doesn't make hardly squat and they are the kings of FCS. I don't call Loyola lightning in the bottle. I call that investing in the program that makes sense. ISU doesn't need to be D1 in basketball- they have neglected the program for 12 years. In fact I am going to say it. You have the money to build a toy, but not make changes to make another program successful. Makes NO sense to me.


The football program at North Dakota State University made $6,048,728 in revenue and spend $6,048,728 in expenses. On the positive side, this means the program didn’t lose any money - and that’s not something every college sports program can claim.
 
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SgtHulka

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In football, 15,000 fans (amount of tickets bought needed to be admitted in to FBS which I assume they would if they went to 20,000 seats) x $25 (price per ticket) = $375,000 x 6 (games) = $2.25-million.

In basketball, there are usually 16 home games. 9,000 (number of fans if they get good again) x $25 (price per ticket) = $200,000 x 16 (games) = $3.6-million.

So, yes, at these numbers basketball wins by about 1.5-million. But, that's assuming Redbirds basketball gets good again. Why cant we assume the same thing for football if you can for basketball. That would move the mark up to $2.7-millions for football decreasing it to a $1-million different. And, a lot more if you're good and move up to the AAC. Short term basketball is the best. Long term it's football. $2.7-million + $3-million (estimated minimum AAC contract since the last one was $7-million) = $5.7-million. to $3.6-million. Let's push football forward. It's best for long term health of the university.
Your numbers reflect basically the current FB ticket price compared to a future inflated BB price. BB Tix are currently about at the 1990s FB price point
 

TBS_20

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Maybe sell the rights to a big company that's willing to donate a percentage of the proceeds for the practice facility and give it their naming rights. I would be outraged as a baseball coach if the field naming rights were used to supplement the basketball program.
All the shit I say about how bad this athletic department is the lowest is that they can't get the fortune 500 hometown corporation to help much.
 

Bird Friend

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Basketball isn't asking to rename Hancock Stadium to fund their toys. Instead, it's being told it can't make necessary changes because they don't have the funds. In fact- if you have a successful program you can make a solid revenue stream. Loyola made the valley 8.2 million. ISU receives $136,000 the next six years just for Loyola being successful. Sounds like a great gig to me.
Sounds to me like you’re saying we should be doing all we can to help the Valley’s next ‘Loyola’ succeed so we get money from their success. 🤪
 

Bird Friend

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All the shit I say about how bad this athletic department is the lowest is that they can't get the fortune 500 hometown corporation to help much.
State Farm helps out on the academic side a lot. 7- and 8-figure donations given every few years to the operating budget and/or capital campaigns have been fairly common from SF.

On the athletics side, the money they ‘donate’ always has a ’marketing’ link attached. The SF logo is all over Redbird and Hancock, especially where live camera feeds can capture it. The $ amount given is closely tied to the potential economic benefit SF might generate. Naming rights for the IPF, Redbird, or Hancock just aren’t going to generate enough economic benefit to SF to make it worth their while.
 

isuquinndog

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I assume we get income from TV deal with ESPN/Marquee/FSN/CBSSports, etc. So that's not nothing but I'm sure it's not per sport. Do we get shares for MVFC play off teams? Like NDSU? And of course concessions, donations are in there some where.
 

TBS_20

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State Farm helps out on the academic side a lot. 7- and 8-figure donations given every few years to the operating budget and/or capital campaigns have been fairly common from SF.

On the athletics side, the money they ‘donate’ always has a ’marketing’ link attached. The SF logo is all over Redbird and Hancock, especially where live camera feeds can capture it. The $ amount given is closely tied to the potential economic benefit SF might generate. Naming rights for the IPF, Redbird, or Hancock just aren’t going to generate enough economic benefit to SF to make it worth their while.
Welcome to State Farm Resident Hall. State Farm's Illinois State University. The first to sell naming rights to the university name might actually receive enough to renovate Hancock enough to join FBS and IPF lol. Would definitely get us in the national news. I could see a big brand doing it. Rivian's ISU. Samsung's I$U. Someone should really look into that. A 1-year marketing gimmick with a company that also gets extended naming rights with the IPF and Hancock should raise enough to get Hancock to 20,000 seats and a brick and morter IPF
 
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