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College Basketball Budgets

49r

By 49r
in The Haymarket Hardwood

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49r

49r

Posted
Posted

Third in the B1G.

 

Talk about renewed commitment.  It wasn't long ago we were near the bottom of that list, IIRC.

 

http://iusportsreport.com/2013/10/01/college-basketball-budgets/

 

If you ask me, being in the same neighborhood as UConn, Texas, Florida, Arkansas and Arizona isn't a terrible neighborhood to be in, hopefully the performance level of the team will soon reflect the financial commitment.

 

(also, FWIW, our hoops budget is about double what Creighton's is - see the whole list here)

Norm Peterson

Norm Peterson

Posted
Posted

I bet, if someone took the time to plot it, you'd see a very interesting distribution suggesting a strong correlation between hoops budget and Kenpom Ranking or RPI.  There'd be outliers like us but our budget from three years ago would be right in line with about where we were as a program.

 

In other words, you get what you pay for.  Want a better program?  Better be ready to spend the money.  Even little ol' Duke, which plays in a tiny, ancient arena, leads the nation in hoops budget.

TheKamdyMan

TheKamdyMan

Posted
Posted

I bet, if someone took the time to plot it, you'd see a very interesting distribution suggesting a strong correlation between hoops budget and Kenpom Ranking or RPI.  There'd be outliers like us but our budget from three years ago would be right in line with about where we were as a program.

 

In other words, you get what you pay for.  Want a better program?  Better be ready to spend the money.  Even little ol' Duke, which plays in a tiny, ancient arena, leads the nation in hoops budget.

 

one could say the only schools in the top 25 that "dont belong" for recent success would be Nebraska, Auburn, and maybe South Carolina but even they have been in the tournament as recent as 2004 and are back on the rise. Hopefully the correlation continues for NU.

throwback

throwback

Posted
Posted

That's an amazing number - I knew it was up but had no idea it was by that much.

 

It would've been easy for Coach Osborne to go through the motions as an AD, focus on football and just let the next guy deal with hoops, but he has put basketball on the right trajectory as far as a commitment from administration. Not only a new practice facility, but an expanded budget to go with it. I remember Barry Collier asking for a practice facility right after he was hired - hard to believe it took so long.

 

And just think about what Coach Iba could have done with a dedicated practice facility - he could've had as many illegal practices as he wanted with no fear of getting caught.  ;)  

49r

49r

Posted
  • Author
Posted

Well, we now have a top 15 budget.  Hope that translates into top 15 performance.  Or better.

 

Go over to the bluejay underground place.  DoubleJay will be quick to remind you that number is an anomaly.  We're paying off Doc's (slingblade - they still use that over there...huh) salary and Miles' (Revenge of the Nerds - clever) CSU buyout.

 

Well be back to our "normal" budget in a year or two and be back at the bottom of the pack...which is our rightful place in the world order.  So, no threat to knock Creighton of their lofty perch.  Whew!  Crisis averted!

Norm Peterson

Norm Peterson

Posted
Posted

 

Well, we now have a top 15 budget.  Hope that translates into top 15 performance.  Or better.

 

Go over to the bluejay underground place.  DoubleJay will be quick to remind you that number is an anomaly.  We're paying off Doc's (slingblade - they still use that over there...huh) salary and Miles' (Revenge of the Nerds - clever) CSU buyout.

 

Well be back to our "normal" budget in a year or two and be back at the bottom of the pack...which is our rightful place in the world order.  So, no threat to knock Creighton of their lofty perch.  Whew!  Crisis averted!

 

Speaking of nicknames, I thought his nickname of Double Douche was particularly fitting.

49r

49r

Posted
  • Author
Posted

 

 

Well, we now have a top 15 budget.  Hope that translates into top 15 performance.  Or better.

 

Go over to the bluejay underground place.  DoubleJay will be quick to remind you that number is an anomaly.  We're paying off Doc's (slingblade - they still use that over there...huh) salary and Miles' (Revenge of the Nerds - clever) CSU buyout.

 

Well be back to our "normal" budget in a year or two and be back at the bottom of the pack...which is our rightful place in the world order.  So, no threat to knock Creighton of their lofty perch.  Whew!  Crisis averted!

 

Speaking of nicknames, I thought his nickname of Double Douche was particularly fitting.

 

 

So, let's just pretend for a moment that his assertion is true (which it's not, and here's why).

 

  • Tim Miles' buyout was in FY 2011-2012, and these numbers reflect last year's expenses, so that's not even a part of the equation.
  • Doc's buyout was reduced by about 1/5th (as far as I can tell) by his employment with KU - it will be reduced by even more now that he's at ISU.

 

But lets just ignore both of these facts and pretend that what he says isn't complete nonsense.

 

Doc's buyout (without consideration for the reduction due to his continued employment elsewhere) is $800,000 annually.  Miles' buyout from CSU was $350,000.  Assuming we can directly deduct these amounts from the AD budget - and if IN FACT they are a part of the AD's basketball expenses, that's $1.15 million off the top there to give us our "true amount".

 

Because, you know, Nebraska is the only basketball program currently or in the history of mankind that has ever had to pay a buyout on their coaches contracts, and that every one else's expenses on that list are a true indicator of investing in excellence, while Nebraska is only interested in investing in futility, obviously.  But I digress.

 

So...where would we stand if we weren't the only school in the country to ever have had to eat a contract?  Well, let's see.

 

$8.36 million minus $1.15 million.  Well, let me take my shoes off here

 

 

 

...carry the one, divide by three...

 

 

 

Looks like we've got a number of $7.21 million.  Good enough for 22nd place.  And still third in the B1G.  And still ahead of teams like UCLA, Baylor, North Carolina, and STILL about $3 million ahead of Creighton.  But the thing is, as I pointed out above that's such a ridiculous fallacy I can't even begin to....

 

 

Yeah Norm, Double Douche sounds about right.

49r

49r

Posted
  • Author
Posted

Somebody plus 49 r please.

God do I hate my iPad with my fat fingers sometimes.

 

 

49r, that was beautiful.

 

Heh.  Thanks guys.  :D

 

How a fan base that gets their jollies off on calling us "Delusional" can be so persistently ignorant, I just don't think I'll ever understand.

hhcmatt

hhcmatt

Posted
Posted

Talk about renewed commitment.  It wasn't long ago we were near the bottom of that list, IIRC.

 

Seems everyone is surprised to see Nebraska so high on the list.  I guess it's good to be turning heads.

 

I wouldn't expect fans of other teams to real understand what we have done or what we have been doing: Putting an emphasis on growing our basketball program.

 

We're putting money into coaches and recruiting and doing it the right way.

The flippant fan is going to look at the number and dismiss it; fine by me.

This is the same flippant fan who will look at us in two years and wonder where the hell we came from.

Tony

Tony

Posted
Posted

I know we shouldn't take the time to do this but what clever name could we come up for McDermott?

I say Herman you know from the Munsters.

Okay we can now move this part to the other thread. :)

Thanks Norm.

When he coached at Northern Iowa and then, the weaker Iowa State, we called him Chewbacca. But not when he coached in Nebraska (Wayne State and Creighton). But you guys probably should come up with an original one.

Tony

Tony

Posted
Posted

 

Somebody plus 49 r please.

God do I hate my iPad with my fat fingers sometimes.

 

 

49r, that was beautiful.

 

Heh.  Thanks guys.   :D

 

How a fan base that gets their jollies off on calling us "Delusional" can be so persistently ignorant, I just don't think I'll ever understand.

 

Yeah, they probably should have named that thread Husker Klitter Klatter or something like that.

hhcmatt

hhcmatt

Posted
Posted

 

 

Somebody plus 49 r please.

God do I hate my iPad with my fat fingers sometimes.

 

You did plus him.  Your fat fingers failed to fail.

 

No, he accidentally down-arrowed one of 49r's earlier posts but, don't worry Silver, I gotcha covered.  I plussed it for you.

 

 

Ah, I was looking at the wrong post!

Norm Peterson

Norm Peterson

Posted
Posted

 

 

Somebody plus 49 r please.

God do I hate my iPad with my fat fingers sometimes.

 

 

49r, that was beautiful.

 

Heh.  Thanks guys.   :D

 

How a fan base that gets their jollies off on calling us "Delusional" can be so persistently ignorant, I just don't think I'll ever understand.

 

Yeah, they probably should have named that thread Husker Klitter Klatter or something like that.

 

Nice one, Tony.  Nice one.

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