From On3 article dated 09/21/2021
A nice payday and a win over a ranked team? Montana feeling pretty good
Eric Prisbell
Last spring, six Big Sky teams opted out of playing in the spring altogether; others, like Montana, played limited schedules. While Wistrcill said the financial impact was “pretty strong,” it still didn’t compare with the loss of tens of millions of dollars in ticket revenue some Power 5 schools suffered.
“It was painful, but I think we rebounded pretty quickly,” Wistrcill said, adding that season ticket numbers are up at nearly every school in the Big Sky.
The league usually distributes between $500,000 and $600,000 annually to each of its schools.
“Our financial model is the same at almost every one of our schools,” he said. “About 75 to 80 percent of our funding comes from the university. We always need to find ways to validate what we’re doing, and we look at athletics as the marketing arm of the university. More people come in touch with the university the first time through athletics than any other medium. We are very proud of that. Anytime we get a chance to have success and media attention that comes to us through the athletic department, that’s a really big thing for our schools.”
The oft-used cliché is that sports is the front porch of the university. To that end, the spotlight on Montana certainly is welcomed after a trying financial year.
“The payday is great,” Haslam said. “The win and the payday is even better.”
According to Collegefactual.com
https://www.collegefactual.com/colleges/the-university-of-montana/student-life/sports/
UM annual budget for athletics is about $23.5M
FB is only sport not losing money. Bringing in a surplus of $2.6M.
From a capitalist point of view if UM with support of private donors, beer sales, clothing sales, some of the QB club money, some of the $2.6M profit were to invest up to $5M into scholarship money, stipend, NIL money above and and beyond what is being spent currently. Giving the full scholarship FB players an additional $20,000.00 per semester, would that be enough to lure the quality recruits needed to compete with NDSU?
RTD would get UM deep in playoffs and more probable to contend for national championships and get more exposure for UM and thus go further in advertising the university than any other source. The money return to UM would be much greater than the $5M investment.
Are there steps being taken in this direction?
The Jimmy and Joes seem to be more important than the Xs and Os or hope the coaches can develop lesser level players.
Wins equal money.
A nice payday and a win over a ranked team? Montana feeling pretty good
Eric Prisbell
Last spring, six Big Sky teams opted out of playing in the spring altogether; others, like Montana, played limited schedules. While Wistrcill said the financial impact was “pretty strong,” it still didn’t compare with the loss of tens of millions of dollars in ticket revenue some Power 5 schools suffered.
“It was painful, but I think we rebounded pretty quickly,” Wistrcill said, adding that season ticket numbers are up at nearly every school in the Big Sky.
The league usually distributes between $500,000 and $600,000 annually to each of its schools.
“Our financial model is the same at almost every one of our schools,” he said. “About 75 to 80 percent of our funding comes from the university. We always need to find ways to validate what we’re doing, and we look at athletics as the marketing arm of the university. More people come in touch with the university the first time through athletics than any other medium. We are very proud of that. Anytime we get a chance to have success and media attention that comes to us through the athletic department, that’s a really big thing for our schools.”
The oft-used cliché is that sports is the front porch of the university. To that end, the spotlight on Montana certainly is welcomed after a trying financial year.
“The payday is great,” Haslam said. “The win and the payday is even better.”
According to Collegefactual.com
https://www.collegefactual.com/colleges/the-university-of-montana/student-life/sports/
UM annual budget for athletics is about $23.5M
FB is only sport not losing money. Bringing in a surplus of $2.6M.
From a capitalist point of view if UM with support of private donors, beer sales, clothing sales, some of the QB club money, some of the $2.6M profit were to invest up to $5M into scholarship money, stipend, NIL money above and and beyond what is being spent currently. Giving the full scholarship FB players an additional $20,000.00 per semester, would that be enough to lure the quality recruits needed to compete with NDSU?
RTD would get UM deep in playoffs and more probable to contend for national championships and get more exposure for UM and thus go further in advertising the university than any other source. The money return to UM would be much greater than the $5M investment.
Are there steps being taken in this direction?
The Jimmy and Joes seem to be more important than the Xs and Os or hope the coaches can develop lesser level players.
Wins equal money.
