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RE: What's a realistic estimate for kU's annual player payroll?
Posted on: October 4, 2018 at 16:38:04 CT
FIJItiger MU
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http://www2.kusports.com/news/2018/apr/29/look-finances-kansas-athletics-rising-revenues-soa/
The review found that Kansas Athletics lost money in 2017, and donors had to cover a more than $19 million operating deficit the department posted for the year.
What may be less understood is that donors pay for a lot of day-to-day operating expenses too. The ticket sales and TV money don’t even come very close to paying for Kansas Athletics’ operating expenses.
In 2017, Kansas Athletics had a $19 million operating deficit. In other words, that’s how much KU had to raise from donors to cover basic operating expenses. In 2016, the deficit checked in at $14 million. These numbers aren’t new. KU has been running such deficits for years, and the truckloads of television money haven't done much to change the situation.
The review found that Kansas Athletics lost money in 2017, and donors had to cover a more than $19 million operating deficit the department posted for the year.
What may be less understood is that donors pay for a lot of day-to-day operating expenses too. The ticket sales and TV money don’t even come very close to paying for Kansas Athletics’ operating expenses.
In 2017, Kansas Athletics had a $19 million operating deficit. In other words, that’s how much KU had to raise from donors to cover basic operating expenses. In 2016, the deficit checked in at $14 million. These numbers aren’t new. KU has been running such deficits for years, and the truckloads of television money haven't done much to change the situation.
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RE: What's a realistic estimate for kU's annual player payroll? - FIJItiger MU - 10/4 16:38:04