WVU athletic department income over the years
I have a reputation for being analytical about everything, including my market portfolio and WVU sports and during my two decades as a sportswriter.
After hours of research, I thought this might interest some of you. There are gaps, despite Googling through article after article, so if anyone can fill in the gaps, have at it. I would appreciate it. The main gaps are from 2008 through 2011.
Here goes:
$50 million in fixed costs a year whether games are played or tickets are sold or not.
That includes athletic scholarships, coaches and staff salaries, debt service and costs for facilities.
Ticket sales exceeded $19 million in 2019.
Distributions from the NCAA and Big 12 were down slightly from $38.8 million to $37.7 million in 2019-20.
In 2018 WVU spent $22,453,097. So Casazza wrote. Other sources pay for the $50 million in fixed costs a year.
In 2019 WVU Athletic Director Shane Lyons said WVU sports brought $302.7 million a year into the state’s economy – people eating in restaurants, lodging, etc. And supports 2,109 jobs. When they show up for WVU games. That includes $193.9 million for coming to football games, $28.3 million for coming to basketball games.
Despite intense Googling there’s a gap in my investigation for some years (2008, 2009, 2010).
But I did find these annual income figures:
1999-2000: $21,775,209 $3,124,750 in football & $813,642 in basketball from Big East
2000-2001: $25,967,059 $3,080,000 in football & $1,099,476 in basketball from Big East
2002-2003: $28,069,805 $3,064,484 in football & $1,390,623 in basketball from Big East
2003-2004: $37,770,254 $3,200,000 in football and $1,390,623 in basketball from Big East
2004-2005: $33,541,339 $2,675,000 in football and $1,964,743 in basketball from Big East
2005-2006: $49,917,536 $5,206,452 in football and $1,964,743 in basketball from Big East
2006-2007: $46,970,708 $4,238,854 in football and $1,590,380 in basketball from the Big East
2007-2008: ???? $5,856,095 in football and $3,591,003 in basketball from Big East
2008-2009: ????
2009-2010: ????
2010-2011: ????
2011-2012: ???? WVU received less than $7 million from Big East
West Virginia spent $5.1 million on travel for all sports that year. In the Big 12 WVU’s travel costs of all of its sports teams is $7.55 million. That’s an extra $2.45 million a year in travel costs to get $31 million more from its conference. More than $28 million profit, thank you, Oliver Luck. During its first three years in the Big 12, West Virginia’s average yearly revenue was $82.36 million dollars. During the previous three years in the Big East, West Virginia’s average yearly revenue was $67.51 million dollars. And that’s with less than 100% from the Big 12 for those 3 years!
2012-2013: $80,064,/869 WVU received more than $10 million for its 1st year in Big 12 (before WVU was phased in to full payments with other schools – 50% in 2012-13, 67% in 2013-14, 85% in 2014-15 and 100% in 2015-16; still almost 50% increase over its best Big East payout with the 50% Big 12 payout in 2012-2013). WVU’s expenses were $92,968,426.
2013-2014: ???? WVU received $14 million from Big 12 (67% of what other schools got)
2014-2015: ???? WVU received $23 million for its 3rd-year 85% payout from the Big 12
2016-2017: ???? $34.8 million for football and basketball from Big 12 in its 1st 100% equal pay to other members
2017-2018: ???? WVU received $36.5 million for football and basketball from the Big 12
2018-2019: ???? $38.8 million from Big 12
2019-2020: ???? $37.7 million from Big 12
WVU fans owe Oliver Luck a HUGE debt of gratitude for getting WVU into the Big 12. It's a conference with more respect and income than today's Big East or what's left of it and WVU would have been left out of the Power 5 conference realignment because the ACC, Big 10 and Southeast Conference weren't interested in adding WVU.
I have a reputation for being analytical about everything, including my market portfolio and WVU sports and during my two decades as a sportswriter.
After hours of research, I thought this might interest some of you. There are gaps, despite Googling through article after article, so if anyone can fill in the gaps, have at it. I would appreciate it. The main gaps are from 2008 through 2011.
Here goes:
$50 million in fixed costs a year whether games are played or tickets are sold or not.
That includes athletic scholarships, coaches and staff salaries, debt service and costs for facilities.
Ticket sales exceeded $19 million in 2019.
Distributions from the NCAA and Big 12 were down slightly from $38.8 million to $37.7 million in 2019-20.
In 2018 WVU spent $22,453,097. So Casazza wrote. Other sources pay for the $50 million in fixed costs a year.
In 2019 WVU Athletic Director Shane Lyons said WVU sports brought $302.7 million a year into the state’s economy – people eating in restaurants, lodging, etc. And supports 2,109 jobs. When they show up for WVU games. That includes $193.9 million for coming to football games, $28.3 million for coming to basketball games.
Despite intense Googling there’s a gap in my investigation for some years (2008, 2009, 2010).
But I did find these annual income figures:
1999-2000: $21,775,209 $3,124,750 in football & $813,642 in basketball from Big East
2000-2001: $25,967,059 $3,080,000 in football & $1,099,476 in basketball from Big East
2002-2003: $28,069,805 $3,064,484 in football & $1,390,623 in basketball from Big East
2003-2004: $37,770,254 $3,200,000 in football and $1,390,623 in basketball from Big East
2004-2005: $33,541,339 $2,675,000 in football and $1,964,743 in basketball from Big East
2005-2006: $49,917,536 $5,206,452 in football and $1,964,743 in basketball from Big East
2006-2007: $46,970,708 $4,238,854 in football and $1,590,380 in basketball from the Big East
2007-2008: ???? $5,856,095 in football and $3,591,003 in basketball from Big East
2008-2009: ????
2009-2010: ????
2010-2011: ????
2011-2012: ???? WVU received less than $7 million from Big East
West Virginia spent $5.1 million on travel for all sports that year. In the Big 12 WVU’s travel costs of all of its sports teams is $7.55 million. That’s an extra $2.45 million a year in travel costs to get $31 million more from its conference. More than $28 million profit, thank you, Oliver Luck. During its first three years in the Big 12, West Virginia’s average yearly revenue was $82.36 million dollars. During the previous three years in the Big East, West Virginia’s average yearly revenue was $67.51 million dollars. And that’s with less than 100% from the Big 12 for those 3 years!
2012-2013: $80,064,/869 WVU received more than $10 million for its 1st year in Big 12 (before WVU was phased in to full payments with other schools – 50% in 2012-13, 67% in 2013-14, 85% in 2014-15 and 100% in 2015-16; still almost 50% increase over its best Big East payout with the 50% Big 12 payout in 2012-2013). WVU’s expenses were $92,968,426.
2013-2014: ???? WVU received $14 million from Big 12 (67% of what other schools got)
2014-2015: ???? WVU received $23 million for its 3rd-year 85% payout from the Big 12
2016-2017: ???? $34.8 million for football and basketball from Big 12 in its 1st 100% equal pay to other members
2017-2018: ???? WVU received $36.5 million for football and basketball from the Big 12
2018-2019: ???? $38.8 million from Big 12
2019-2020: ???? $37.7 million from Big 12
WVU fans owe Oliver Luck a HUGE debt of gratitude for getting WVU into the Big 12. It's a conference with more respect and income than today's Big East or what's left of it and WVU would have been left out of the Power 5 conference realignment because the ACC, Big 10 and Southeast Conference weren't interested in adding WVU.