DC gets contract extended through 2014 season.

[calpoke25]

Here's what I don't understand. The State of Wyoming is in better shape financially than just about every other state and we only have one 4 year university. Why is it that we are paying our coaches at a level that is 8th in the MWC and our athletic budget is also 8th in the MWC?
If the MWC would become an AQ conference, that would help our athletic budget tremendously. That may never happen and I sure wouldn't want to bet on it happening. :brick:

I would guess it is primarily due to the fact that we have been around the bottom of the league in most sports for the majority of the past dozen years. State legislatures more likely have the mindset, "we will give them more money when they actually start producing," as a "reward," as opposed to the thought of investing to make it better. Its hard to justify spending a lot of money on a losing program.

Another reason is probably because some legislators feel there is a better use of our state's monetary resources.

 

[WyoBrandX]

University Athletics Budget: $11.6 million [1]

War Memorial Capacity: 30,514 (I think this is correct after the Wildcatter expansion) [2]
30,514 Capacity * $28 Ticket Price * 6 home games = $5,130,888
19,000 2009 Average * $28 Ticket Price * 6 home games = $3,192,000

Rough numbers, and i'm only addressing this at a high level (and its probably wrong), but the incentives to keep attendance up are obvious. By filling to capacity, it adds nearly 20% to the athletics budget.

There used to be a site that listed out the contract details for coaches of public schools. I can't find it now. At least with Joe Glenn's contract, for every seat sold greater than X, $Y was awarded to the coach per seat. Same with the number of season tickets sold.

With an extra $2 million at capacity, or an extra $1 million selling 25,000 tickets per game, one could guess we are more successful and probably could afford to pay more.

[1] Capacity http://www.wyomingathletics.com/facilities/warmemorial.html
[2] Budget http://uwadmnweb.uwyo.edu/AcadAffairs/policystatements/budget_primer.pdf

Obviously, there are tv contracts; contracts between the teams, increased costs based on attendance, and many other figures that i haven't calculated in. I get the feeling there is quite a bit of cash with more success.

 

[calpoke25]

University Athletics Budget: $11.6 million [1]

War Memorial Capacity: 30,514 (I think this is correct after the Wildcatter expansion) [2]
30,514 Capacity * $28 Ticket Price * 6 home games = $5,130,888
19,000 2009 Average * $28 Ticket Price * 6 home games = $3,192,000

Rough numbers, and i'm only addressing this at a high level (and its probably wrong), but the incentives to keep attendance up are obvious. By filling to capacity, it adds nearly 20% to the athletics budget.

There used to be a site that listed out the contract details for coaches of public schools. I can't find it now. At least with Joe Glenn's contract, for every seat sold greater than X, $Y was awarded to the coach per seat. Same with the number of season tickets sold.

With an extra $2 million at capacity, or an extra $1 million selling 25,000 tickets per game, one could guess we are more successful and probably could afford to pay more.

[1] Capacity http://www.wyomingathletics.com/facilities/warmemorial.html
[2] Budget http://uwadmnweb.uwyo.edu/AcadAffairs/policystatements/budget_primer.pdf

Obviously, there are tv contracts; contracts between the teams, increased costs based on attendance, and many other figures that i haven't calculated in. I get the feeling there is quite a bit of cash with more success.

I'm not sure where that figure of 11 million is coming from, but the overall UW athletics budget is somewhere around 24 million. This figure isn't taking all of it into account.

Hopefully the Wildcatter suites will provide a noticeable bump in revenue. Even if we only sold 100 out of a possible 250 seats at $2,500 a pop that is an extra 250K. Sell 200 of them and thats an extra 500K. Sell all of them and you're looking at around 600K in extra cash. Add that on top of the 10, 40K per year suites and you have the POTENTIAL to generate 1 million a year total revenue from those things, and you see it is no wonder they were built.

I am very interested to see exactly how many of them will be, or have been sold and how that will affect the budget.

 

[mrtnt3x]

From what I have heard, they have sold about half of the suites for next year. I cannot remember where I heard this but...not a bad start.

 

[zappinpoke]

My 2 cents on the extension, the main reason these kind of extensions are given to coaches is for recruiting. DC can now go into a recruits home and tell the kid and his parents that he has a contract with the school that will take them through their senior season, doesn't necessarily mean he will still be their but that he is contracted through that period. With this extension was a added one time bonus of between $60,000 to $90,000, ( I forget the exact amount) if he is still here after the 2011 season. I see nothing wrong with this deal at all.

 

[WyoBrandX]

University Athletics Budget: $11.6 million [1]

War Memorial Capacity: 30,514 (I think this is correct after the Wildcatter expansion) [2]
30,514 Capacity * $28 Ticket Price * 6 home games = $5,130,888
19,000 2009 Average * $28 Ticket Price * 6 home games = $3,192,000

Rough numbers, and i'm only addressing this at a high level (and its probably wrong), but the incentives to keep attendance up are obvious. By filling to capacity, it adds nearly 20% to the athletics budget.

There used to be a site that listed out the contract details for coaches of public schools. I can't find it now. At least with Joe Glenn's contract, for every seat sold greater than X, $Y was awarded to the coach per seat. Same with the number of season tickets sold.

With an extra $2 million at capacity, or an extra $1 million selling 25,000 tickets per game, one could guess we are more successful and probably could afford to pay more.

[1] Capacity http://www.wyomingathletics.com/facilities/warmemorial.html
[2] Budget http://uwadmnweb.uwyo.edu/AcadAffairs/policystatements/budget_primer.pdf

Obviously, there are tv contracts; contracts between the teams, increased costs based on attendance, and many other figures that i haven't calculated in. I get the feeling there is quite a bit of cash with more success.

I'm not sure where that figure of 11 million is coming from, but the overall UW athletics budget is somewhere around 24 million. This figure isn't taking all of it into account.

Hopefully the Wildcatter suites will provide a noticeable bump in revenue. Even if we only sold 100 out of a possible 250 seats at $2,500 a pop that is an extra 250K. Sell 200 of them and thats an extra 500K. Sell all of them and you're looking at around 600K in extra cash. Add that on top of the 10, 40K per year suites and you have the POTENTIAL to generate 1 million a year total revenue from those things, and you see it is no wonder they were built.

I am very interested to see exactly how many of them will be, or have been sold and how that will affect the budget.

Your right - the numbers are wrong. I should sit down and research the cash flow closer. Could be an interesting project.

It will be interesting to see how popular the Wildcatter suites are this year.

 

[McPeachy]

From what I have heard, they have sold about half of the suites for next year. I cannot remember where I heard this but...not a bad start.

The suites themselves, 10 of them, I believe, have been sold out for quite some time. $40K per year, minimum 5 year committment, plus you have to purchase actual "game tickets".

There are still some Wildcatter club seats available though.

http://grfx.cstv.com/photos/schools/wyo/sports/m-footbl/auto_pdf/2009WildcatterSuites.pdf

 

[Brew_Poke]

Here's what I don't understand. The State of Wyoming is in better shape financially than just about every other state and we only have one 4 year university. Why is it that we are paying our coaches at a level that is 8th in the MWC and our athletic budget is also 8th in the MWC?
If the MWC would become an AQ conference, that would help our athletic budget tremendously. That may never happen and I sure wouldn't want to bet on it happening. :brick:

Because we don't sell enough tickets. Our fan base is tepid. I myself have many friends that live in the Denver metro who I used to party hard with and they never used to miss a game when they lived in Laramie, but they haven't been to a game (football or basketball) in a decade.