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TNET: USA TODAY releases finances chart for Clemson, peers in recent fiscal year
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Editor [∞]
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TNET: USA TODAY releases finances chart for Clemson, peers in recent fiscal year
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Jun 14, 2023, 3:11 PM
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CU Medallion [57960]
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Math
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Jun 14, 2023, 3:39 PM
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Revenue - Expenses
Football: 15.7 million
M Basketball: 0.7 million
W Basketball: -3.4 million
LOL.
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110%er [5777]
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Re: Math
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Jun 14, 2023, 3:54 PM
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All other sports were -$12 million. Wonder what numbers for baseball and softball are.
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All-In [40130]
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As far as CEOs go looks like we are getting more bang for our
Jun 14, 2023, 8:44 PM
[ in reply to Math ] |
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Buck from Dabo.
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110%er [5777]
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Re: TNET: USA TODAY releases finances chart for Clemson, peers in recent fiscal year
Jun 14, 2023, 3:46 PM
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Good news that we bring in $15 million more in revenue than our expenses. Is the money we receive from the ACC part of the $56,800,540 in Rights and Licensing?
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110%er [8623]
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Re: TNET: USA TODAY releases finances chart for Clemson, peers in recent fiscal year
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Jun 14, 2023, 3:59 PM
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Math is not my strong suit but what I read says our income exceeded our expenses by $15 million. A $15 million net income is pretty good for a school that according to the TigerNet rank and file has no chance to succeed.
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All-In [26703]
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Re: TNET: USA TODAY releases finances chart for Clemson, peers in recent fiscal year
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Jun 14, 2023, 4:22 PM
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15 mil. is a long ways from 60 mil. That is what we would have made in the SEC. 15 plus 45 sec=60m. I would not want you as my CFO if I'm trying to grow my net income. You would be telling me how great 15 mil is when I could be netting 60m.
Your'e FIRED!!!!!!
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110%er [7575]
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You’re working off of projections - SEC avg payouts for 21-22
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Jun 14, 2023, 4:34 PM
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were $49.9 and ACC avg was $39.5.
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All-In [26703]
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Re: You’re working off of projections - SEC avg payouts for 21-22
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Jun 14, 2023, 4:44 PM
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Yes. Thank you. I appreciate your response.
Even with your figures we would net 25 mil. vs 15 mil. That is a 66.2% increase. Quite significant.
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Hall of Famer [21648]
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How many more wins would we have with $10,000,000?
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Jun 14, 2023, 5:10 PM
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Hopefully not as many as Texas A&M.
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Orange Blooded [3328]
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All-TigerNet [10833]
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Re: TNET: USA TODAY releases finances chart for Clemson, peers in recent fiscal year
Jun 14, 2023, 6:01 PM
[ in reply to Re: TNET: USA TODAY releases finances chart for Clemson, peers in recent fiscal year ] |
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If there is a way in which Clemson can join the SEC or Big10, I'm pretty sure we would do it. However, there seem to be some roadblocks right now. But, I agree with you. $60 million looks a lot nicer than what we are currently getting.
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Oculus Spirit [77525]
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Freshman [-95]
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110%er [7318]
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If I am reading this correctly
Jun 14, 2023, 9:22 PM
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Clemson has accomplished more in sports with less money than the competition. Not only in the ACC, but across the entire spectrum of Collegiate Sports. CONGRATS CLEMSON! WAY TO SHOW THE NATION HOW IT IS DONE!
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Scout Team [194]
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Re: If I am reading this correctly
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Jun 15, 2023, 9:02 AM
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We've never had Texas money. I wouldn't trade the last 15 years with them unless I personally got some of the difference.
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110%er [5777]
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Re: If I am reading this correctly
Jun 15, 2023, 11:25 AM
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The reason I asked if the $56 mill in Rights & Licensing includes the ACC payouts is because USuK received $67,594,220 in Rights & Licensing but pulled in $16 million less in total revenue than we did and lost $2 million versus us making a $15 million profit. So if their $67 mill includes SEC money I feel much better about our financial position that I did before.
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Freshman [-95]
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Wait, so is this showing that money equals wins, or that
Jun 15, 2023, 11:29 AM
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we have enough money to win national championships and will continue to do so.
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