That's because it was a Nineronline article, which is a totally different entity that the UTimes. Hence the unusual quality.....
Ahhh....that explains it. Thanks.
Lefty - I’m kinda curious about the student fees myself. From the ‘secret memo’:
If you want Football at Charlotte READ THIS!!!
Head Coach (salary/benefits): $345,102
Assistant Coaches (9) (s/b): $786,743
Team Travel: $400,000
Recruiting Travel: $125,000
Equipment Costs: $150,000
Stadium Costs (Charlotte): [COLOR=red]$6,500 per game x 5 games = $32,500[/COLOR]
Guarantees: $875,000 Assumes two non-conference @ $250,000 each / three conference games @ $125,000 each
Additional staffing (football-related): $335,000 Assumes two FT trainers @ $60,000 each / one SID @ $45,000 / three secretarial support @ $30,000 each
/ one FT Video Director @ $50,000 / one Asst Video Dir @ $30,000
Other operating expenses: $150,000 Printing / maintenance / phones / mailings / computers / courtesy cars / video
Preseason costs: $75,000 Housing / meals for two weeks prior to school opening for 85 student-athletes
Estimated Annual Cost for Football: [B]$3,346,345[/B]
Scholarships (Charlotte): [B]$935,000*[/B]
[COLOR=red]Based on 85 scholarships @ $11,000: $935,000[/COLOR]
[COLOR=#ff0000]*MUST be funded through donations, not by football revenue or student fees)[/COLOR]
3,346,345 + 935,000 = [B]$4,281,345[/B]
How would (could) the program be funded?
[COLOR=red]it might be reasonable to expect $750,000-$1 million in corporate (50%) / private donor support (50%).[/COLOR]
[COLOR=red]Edit - $[B]1,830,000[/B] MUST be donated for football/Title IX scholarship funds.[/COLOR]
Ticket buyers? The C-USA average is [B]$1.33 million[/B]. Assuming five home games, you would need about 20,000 paying customers @ $13.00+ to hit goal.
Game Guarantees? Assuming three conference road games @ $125,000, and two “buy” games at $350,000 each, you could generate [B]$1.075 million[/B].
Student fees? Given the above, an additional $1,500,000 would need to be generated. Given the projected student enrollment increases, it would take about $87 per student in additional student athletic fees to fund the football
portion of the equation.
What are we leaving out?
[COLOR=red]Playing / practice facility Costs: Unknown ($25-75 million?) - one-time[/COLOR]
[COLOR=red]Unlike many Conference USA teams, we do not have an existing on-campus facility OR municipal stadium that meets NCAA standards of 30,000 permanent seats. Memorial Stadium seats about 22,000 people. NCAA STANDARDS HAVE RECENTLY CHANGED. Memorial Stadium can work[/COLOR]
Office Space / Training Room expansion / Weight Room expansion Costs: Unknown [B]($5-7 million?)[/B] - one-time
Academic Support Staff / Strength Center Staff / Adminstrative Support Costs: [B]$300,000[/B] annual
Academic Counselor (2) $40,000 each w/benefits
Asst. Strength Coach (2) $35,000 each w/benefits
Asst. AD/Operations $50,000 w/benefits
Asst. Compliance Officer $35,000 w/benefits
Asst. Ticket Manager $30,000 w/benefits
Asst. Marketing Director $35,000 w/benefits
Gender Equity Concerns Costs: $0.5-1.5 million annually
The addition of 85 male student-athletes would need to be countered with the addition of about 100 female student-athletes in order to meet
the proportionality test. [COLOR=red]$[B]1.1 million*[/B] for 100 female scholarships[/COLOR]
$0.5-1.5 million + 1.1 = [B]$1.6-2.6 million[/B]
([COLOR=#ff0000]My personal adjustments are in red)[/COLOR]
So a ballpark calculation for football would be:
$3.4 million for football + 0.5-1.5 million for Title IX sport(s) = $3.9-4.9 million
Support Staff = $300,000
Total Annual Expenses: [B]$4.2-5.2 million[/B]
$1.33 million - tickets
$1.075 million - game guarantees
Total Annual Revenue: [B]$2.405 million[/B]
(The memo’s $1.5 million with the $87 increase in student fees is NOT included in my calcs.)
Scholarships = 935,000 (MEN)+ 1.1 million (WOMEN) = $2.035 million
Per NCAA requirements, 90% of scholarships must be funded to compete at the Division 1A level
Required Donations = $2.035 million x .9 = $[B]1,830,000***[/B]
(This does not include out-of-state partial scholarships)
[B]***[/B]Scholarships must be funded by donations. Scholarships CANNOT be funded by football revenue or with student fees.
Office Space / Training Room expansion / Weight Room expansion Costs: Unknown ($5-7 million?) - one-time
Revenue - Expenses = Difference
(4.2M to 5.2M) - 2.035M = Difference
-2.165M to -3.165M = Difference
[I]Using the $87/student = $1.5 million ratio, [/I]
-$2,165,000 = approximately $125/per student
-$3,165,000 = approximately $185/per student
[U]Therefore, football would require an increase of $125-185 in student fees.[/U]
[U]Football will require $1,830,000 in donations for scholarships in order to be Division 1A eligible[/U]
All that remains are the one-time fees for the Office Space / Training Room expansion / Weight Room expansion.
Am I reading the numbers right?