SIGforum
Many many millions income for Iowa football

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September 12, 2019, 09:01 AM
bendable
Many many millions income for Iowa football
Story here.

https://wqad.com/2019/09/11/io...ofit-for-the-school/

I knew the the highest paid state employees were in the sports coaching jobs.

but I did not know that The Hawkeyes brought in this much dough.

Any one know what the Texas teams do ?
they must be quadruple the amounts , down there




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September 12, 2019, 09:08 AM
slabsides45
College fooseball is big business. Mississippi State brings in over $100,000,000 per year from being in the SEC and the rich associations that carries with it. And they are perennially in the bottom half of rankings in the SEC West (Alabama, Auburn, LSU, Arkansas, Ole Miss, Texas A&M...).


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"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving."
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September 12, 2019, 09:30 AM
Scuba Steve Sig
When there are no major sports leagues in the state you gotta revert to Iowa and Iowa State and sometimes UNI and Drake.
September 12, 2019, 09:43 AM
BamaJeepster
https://sports.usatoday.com/ncaa/finances/




“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence.”
- John Adams
September 12, 2019, 09:47 AM
RogueJSK
quote:
Originally posted by Scuba Steve Sig:
When there are no major sports leagues in the state you gotta revert to Iowa and Iowa State


Arkansas is in the same boat. No pro sports teams, so the University of Arkansas gets all the fans/money.
September 12, 2019, 09:47 AM
BBMW
And they're all nonprofit corporations that pay no taxes. Hmmmm.....?????
September 12, 2019, 10:45 AM
YellowJacket
quote:
Originally posted by BBMW:
And they're all nonprofit corporations that pay no taxes. Hmmmm.....?????

revenue /= profit


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September 12, 2019, 11:38 AM
ZSMICHAEL
Reference Total Revenue

Are the private schools omittted? It seems they are from a note I saw. Did not see Notre Dame, Stanford or USC.
September 12, 2019, 12:09 PM
BBMW
Yes, there are lot of non-profits that bring in a lot of revenue. And by current tax law, this is perfectly legal.

I think there's a question of what the qualifications of a non-profit should be. If they're paying executives and other employees (thinking coaches in the college sports paradign) seven+ digit salaries, a strong argument can be made that the executives are pulling profits out of the ostensibly non-profit corporations in the form of salaries.

quote:
Originally posted by YellowJacket:
quote:
Originally posted by BBMW:
And they're all nonprofit corporations that pay no taxes. Hmmmm.....?????

revenue /= profit

September 12, 2019, 06:08 PM
ibanda
quote:
Originally posted by ZSMICHAEL:
Reference Total Revenue

Are the private schools omittted? It seems they are from a note I saw. Did not see Notre Dame, Stanford or USC.


The private schools do not have to report their numbers, like the state schools do.



"The left can't applaud me because their hands are in other people's pockets." - Javier Milei
September 12, 2019, 06:09 PM
1s1k
Pretty shocking that no matter how much they bring in they all spend it. Well not really shocking I suppose.