Post by highincascadia on Apr 19, 2024 10:28:03 GMT -8
Still flying under the radar, but Cougfan reported on it so must have some worthiness. WSU Board of Regents will vote on new budget next week. Here are some quick facts about the reported budget.
-$85M athletic budget dropped to $74M
-WSU is decreasing scholarships by $0.7 million, without cutting any sports. No rumors on where those scholarship decreases are.
-Compensation will drop $5.1 million next year. All athletic coaches took a 10% pay cut next year, then we’ve also had to replace some coaches (Volleyball, Men’s Basketball) at a lower payroll. Rumor is the new Men’s basketball coach is making half of his predecessor.
-Team Travel costs will decrease $1.3 million, likely a reflection of WCC membership in affiliate sports.
-Ultimately WSU is projecting a $0.5 million drop in ticket sales revenue, $0.9 million in Student sports pass revenue (this one might be a bit aggressive prediction), $1.7 million in contributions, $0.5 million in concessions, and $2.9 million drop in “Other Revenue” and “Guarantee Revenue”. (This reads as if they’re projecting low attendance at games in Pullman this season or are at least budgeting for that scenario. Also worth noting is that WSU only has six home games this season, with four of them being Mountain West teams. Also half the tickets from the Apple Cup in Seattle.)
Finally, WSU is taking a roughly equivalent share of a conference distribution next season as they would have otherwise gotten. FY24 was projected at $36.6 million last year (extra distribution this year of $9 million eventually developed). FY25 will be $38.4 million. Double that and that’s how much of the war chest will be gone after next year. Obviously not ideal, but cutting that much of the budget and not losing any sports is pretty impressive. Wonder how much of this is reflective on OSU.
-$85M athletic budget dropped to $74M
-WSU is decreasing scholarships by $0.7 million, without cutting any sports. No rumors on where those scholarship decreases are.
-Compensation will drop $5.1 million next year. All athletic coaches took a 10% pay cut next year, then we’ve also had to replace some coaches (Volleyball, Men’s Basketball) at a lower payroll. Rumor is the new Men’s basketball coach is making half of his predecessor.
-Team Travel costs will decrease $1.3 million, likely a reflection of WCC membership in affiliate sports.
-Ultimately WSU is projecting a $0.5 million drop in ticket sales revenue, $0.9 million in Student sports pass revenue (this one might be a bit aggressive prediction), $1.7 million in contributions, $0.5 million in concessions, and $2.9 million drop in “Other Revenue” and “Guarantee Revenue”. (This reads as if they’re projecting low attendance at games in Pullman this season or are at least budgeting for that scenario. Also worth noting is that WSU only has six home games this season, with four of them being Mountain West teams. Also half the tickets from the Apple Cup in Seattle.)
Finally, WSU is taking a roughly equivalent share of a conference distribution next season as they would have otherwise gotten. FY24 was projected at $36.6 million last year (extra distribution this year of $9 million eventually developed). FY25 will be $38.4 million. Double that and that’s how much of the war chest will be gone after next year. Obviously not ideal, but cutting that much of the budget and not losing any sports is pretty impressive. Wonder how much of this is reflective on OSU.
