The guy behind the Extra Points newsletter now has a website and all of his FOIA requests are posted online including one he made for details of the UVA sports budget and funding for FY19. For those of you that are like me and into these kind of financial details it’s pretty fascinating. Highlights below and documents here: UVA Sports Dept Budget Details (UVA's apparel contract and Bronco's contract are also included).
You can really see how important it is for the football program to be financially successful in order to support the other 24 sports. (This is also bias-confirming for me and supports comments I've made in the past about how many second/third tier universities will have to change their approach to sports in a post-covid college and financial environment).
Finally, some of this was quite surprising to me – the gap between what UVA pays and receives in football and men’s basketball guarantees; the cost of running the women’s basketball program; the financial significance of attending a second tier bowl game; and Track & Field contributions being higher than Lax, Soccer, and Rowing.
Ticket Revenue
Guaranteed Amounts Paid to Visiting Opponents vs Amount Received in Guarantees
Revenue from Contributions
Revenue from Media Rights and NCAA Distributions
Revenue and Expenses from Bowl Game
Student Aid Expenses
Recruiting Expenses
Travel Expenses
Equipment Expenses
Game Day Expenses
Medical and Insurance
Total Revenues vs Expenses
Net Income (Revenue – Expenses)
There’s lots of details on the coaching salaries for each sport too.
You can really see how important it is for the football program to be financially successful in order to support the other 24 sports. (This is also bias-confirming for me and supports comments I've made in the past about how many second/third tier universities will have to change their approach to sports in a post-covid college and financial environment).
Finally, some of this was quite surprising to me – the gap between what UVA pays and receives in football and men’s basketball guarantees; the cost of running the women’s basketball program; the financial significance of attending a second tier bowl game; and Track & Field contributions being higher than Lax, Soccer, and Rowing.
Ticket Revenue
Men’s basketball - $4.7M + $0.4M in Concession/Parking/Stadium Sales
Football - $5.9M + $0.5M in Concession/Parking/Stadium Sales
Baseball/Lax/Soccer - $0.6M
Women’s Sports - $0.2M
Guaranteed Amounts Paid to Visiting Opponents vs Amount Received in Guarantees
Football - $1.6M v $0.3M received
Basketball - $0.6M v $0.2M received
Revenue from Contributions
Football - $7.7M
Men’s Basketball - $3.4M
Rowing - $1.2M
Women’s Soccer - $1M
Track - $0.95M each (men’s and women’s)
Revenue from Media Rights and NCAA Distributions
Football - $16M
Men’s Basketball - $4M + $0.4M in NCAA Distributions
Revenue and Expenses from Bowl Game
$1.3M to Football (for Ticket Sales) vs $0.8M in expenses
$5M to the UVA Sports Department
Student Aid Expenses
Football - $5.6M
Rowing - $1.3M
Women’s Track - $1.15M
Women’s Soccer - $0.9M
Men’s Basketball - $0.9M
Women’s Swimming - $0.9M
Recruiting Expenses
Football - $745k
Men’s Basketball - $313k
Women’s Basketball - $176k
Rowing - $97k
Baseball - $67k
Travel Expenses
Football - $1.7M
Men’s Basketball - $1.7M
Women’s Basketball - $0.5M
Baseball - $0.3M
Equipment Expenses
Football - $0.97k
Men’s Tennis - $107k
Baseball - $102k
Men’s Basketball - $86k
Women’s Basketball - $75k
Game Day Expenses
Football - $1.9M
Men’s Basketball - $1M
Women’s Basketball - $0.5M
Baseball - $0.5M
Medical and Insurance
Football ($165k) is 11% of total (25 teams insured)
Total Revenues vs Expenses
Football -$32.4M v $25.9M
Men’s Basketball - $13.2M v $13.8M
Baseball - $1.9M x $3.7M
Men’s Lacrosse - $1.4M v $2.0M
Rowing - $1.35M v $2.3M
Women’s Soccer - $1M vs 1.9M
Track - $1M (each) v $3.75M (total)
Women’s Basketball - $1M v $4.25M
Net Income (Revenue – Expenses)
Football - $6.5M
Men’s Basketball – ($0.6M)
Women’s Basketball – ($3.3M)
All Other Sports – ($13.7M)
Non Program Specific - $8.6M
UVA Sports – ($2.4M)
There’s lots of details on the coaching salaries for each sport too.
