POLL: NIL $$$ Question

[megablue]

Can UK generate enough NIL $$$ to be regularly competitive and satisfactory in both football and basketball ??

 

[PopesReignOverCardinals]

Can UK generate enough NIL $$$ to be regularly competitive in both football and basketball ??

Not everybody defines "competitive" the same way in regards to their expectations. Do you have a minimum threshold on wins or some other metric?

I believe that UK can generate a significant amount of money, but it would probably only be around the middle of the SEC at best when it comes to football spending. The team would probably be considered competitive, especially when playing any other out of conference school, but we probably won't be winning 10+ games every year in football with an revamped SEC schedule.

 

[megablue]

Not everybody defines "competitive" the same way in regards to their expectations. Do you have a minimum threshold on wins or some other metric?

I believe that UK can generate a significant amount of money, but it would probably only be around the middle of the SEC at best when it comes to football spending. The team would probably be considered competitive, especially when playing any other out of conference school, but we probably won't be winning 10+ games every year in football with an revamped SEC schedule.

Regularly win at least half of our SEC games in football … would be “competitive” and not an unreasonable expectation … to go along with the usual high expectations for basketball.

 

[YardCat]

I agree, get the FB team to win 7-8 games a year and the money will go there, but right now the boosters love Pope a lot more and BB will get more because we are a basketball school again thanks to Stoops.

 

[Deeeefense]

The football roster is 7x larger than the basketball roster so that doesn't seem to be an issue. Plus starting next season teams will likely be able to pay players directly which will reduce the importance of NIL.

 

[megablue]

The football roster is 7x larger than the basketball roster so that doesn't seem to be an issue. Plus starting next season teams will likely be able to pay players directly which will reduce the importance of NIL.

Where does the money come from and does UK have enough of it ??

 

[Deeeefense]

Where does the money come from and does UK have enough of it ??

TV revenue. ticket sales, K-fund donations, registered merchandise sales, general donations from boosters.
I have no idea what UK's finances look like.

 

[megablue]

TV revenue. ticket sales, K-fund donations, registered merchandise sales, general donations from boosters.
I have no idea what UK's finances look like.

Gotcha … but what are they doing with that money now ?? If simply a redirection of funds, other uses will get short-changed.

 

[UKWildcats1987]

I voted yes because of course they so. Doesn't mean football will ever win anything that matters because the other big wig sec programs have more money.

 

[megablue]

According to this website, KY is #25 in football and #43 in basketball for 2024.
NOTE: There is a drop-down box to sort by year, by football/basketball and by conference, if interested.

2024 Team Ranking Football Breakdown

www.on3.com

 

[Glenn's take]

Gotcha … but what are they doing with that money now ?? If simply a redirection of funds, other uses will get short-changed.

Right now they are paying for the rest of the athletic department which all loses money except for men's basketball (which losses money just about everyplace else).

 

[bradyjames]

lol, UK football gets a ton of $.

You think Deone and the gang play for free?

We have all the resources we need to compete in the SEC. We just need a capable coach who is hungry to do it.

 

[bthaunert]

Where does the money come from and does UK have enough of it ??

Here is a little rundown of what it is:

The NCAA and conferences have agreed to amend their rules to permit a landmark compensation system that allows schools to share up to about $21 million in athletic revenues with their athletes annually, starting in 2025.

That number is derived from taking 22% of the average revenue generated through media rights contracts, tickets and other sources by power conference schools. The agreement will create an audit system that allows plaintiffs to monitor athletic revenue, which is expected to rise in the coming years as new media rights agreements kick in for conferences and the College Football Playoff.

All athletes will be eligible to receive the new financial benefits, but each school will be permitted to determine how they want to divvy up the money among sports.

I always use Trev Alberts (Texas A&M AD) quote from this year about what needs to happen. He said, "“I've said it 100 times, and I'll say it again: We don't have a revenue problem in college athletics, we have an expense problem."

College athletics is going to have to change. The current model is not sustainable. Track and Field, as an example, has 16 full-time people dedicated to that sport at UK. Swimming and diving has 9 full-time staff and many others who have a portion of their job that supports the program. Softball has 10 full-time staff and many others who have a portion of their job that support the program. Men's and women's soccer have 11 combined full-time staff. There are 26 assistant or associate AD's. You get where I am going. In the last 10 years, UK athletics has increased their spending by over $50 million per year.

 

[CaptainBoogerBuns]

According to this website, KY is #25 in football and #43 in basketball for 2024.
NOTE: There is a drop-down box to sort by year, by football/basketball and by conference, if interested.

2024 Team Ranking Football Breakdown

www.on3.com

This surprises me big time. How is UK 43rd in basketball support?

 

[bthaunert]

This surprises me big time. How is UK 43rd in basketball support?

Because it's not right.

 

[megablue]

This surprises me big time. How is UK 43rd in basketball support?

I was surprised bigtime, too.
It is difficult to know if the data is correct and accutate, of course. Sorting is available by NIL at far right, too. Fwiw …

 

[megablue]

Here is a little rundown of what it is:

The NCAA and conferences have agreed to amend their rules to permit a landmark compensation system that allows schools to share up to about $21 million in athletic revenues with their athletes annually, starting in 2025.

That number is derived from taking 22% of the average revenue generated through media rights contracts, tickets and other sources by power conference schools. The agreement will create an audit system that allows plaintiffs to monitor athletic revenue, which is expected to rise in the coming years as new media rights agreements kick in for conferences and the College Football Playoff.

All athletes will be eligible to receive the new financial benefits, but each school will be permitted to determine how they want to divvy up the money among sports.

I always use Trev Alberts (Texas A&M AD) quote from this year about what needs to happen. He said, "“I've said it 100 times, and I'll say it again: We don't have a revenue problem in college athletics, we have an expense problem."

College athletics is going to have to change. The current model is not sustainable. Track and Field, as an example, has 16 full-time people dedicated to that sport at UK. Swimming and diving has 9 full-time staff and many others who have a portion of their job that supports the program. Softball has 10 full-time staff and many others who have a portion of their job that support the program. Men's and women's soccer have 11 combined full-time staff. There are 26 assistant or associate AD's. You get where I am going. In the last 10 years, UK athletics has increased their spending by over $50 million per year.

Exactly … excellent post … Allocation of $$$ resources will be an ever-increasing problem. Thanks !!