Yes, my post was not about profitability at all. Baseball is not a profit
center at VT and never indicated it was. My post was only indicating there is revenue associated with the sport. The College Factual website that you link is older and has several data points that aren't accurate. We don't spend $109M on athletics now and don't earn $109M on athletics and have a net zero wash. Again, baseball has approx. $100K in premium seating revenue from the jump before any ticketing and/or concessions. They also have a $350K yearly sponsor from Atlantic Union Bank. That is $450K before the first regular ticket/concessions. Then there is sport specific giving that is considered revenue when going to operating costs. We also have to consider a turn style/gate of 42,000 plus during the season (mostly weekends) and what an average consumer spends at a 3 hour plus baseball game. Most are purchasing some sort of food item/beverage (many purchase several items) in addition to their individual ticket. Here is the Sportico Baseball ACC revenues from the FY 23 season:
Choose a Category
Revenues
Choose a Sport
Baseball
Choose a Year
2022-23
Choose a Conference
ACC
Rank School Baseball Revenues 2022-23
1 NC State $9,759,915
2 Florida State $4,826,297
3 Clemson $2,887,635
4 North Carolina $1,860,380
5 Virginia $1,722,286
6 Virginia Tech $1,594,073
7 Georgia Tech $1,122,756
8 Louisville $403,324
Total $24,176,666
Average $3,022,083
Thread Replies (31)
A recent report shows VT is #19 in baseball spending
-- VTChip
Aug 16, 2024 at 07:55 AM ET
VTChip
•
08/16/24 07:55 AM ET
Well, Whit is a baseball guy, from his time at JMU.
-- saret
Aug 16, 2024 at 09:01 AM ET
saret
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08/16/24 09:01 AM ET
Since he's a baseball guy, why isn't he demanding better ...
-- Atlee Hokie
Aug 16, 2024 at 09:16 AM ET
Atlee Hokie
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08/16/24 09:16 AM ET
His preferences don't include that dynamic. **
-- saret
Aug 16, 2024 at 09:17 AM ET
saret
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08/16/24 09:17 AM ET
Seems VT isn't quite getting its money's worth then.**
-- Atlee Hokie
Aug 16, 2024 at 08:25 AM ET
Atlee Hokie
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08/16/24 08:25 AM ET
Didn't we host a super regional in 2022?**
-- EvDogHokie
Aug 16, 2024 at 03:16 PM ET
EvDogHokie
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08/16/24 03:16 PM ET
Yes we did, but the previous NCAA BID was back in 2013
-- VTChip
Aug 17, 2024 at 09:35 AM ET
VTChip
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08/17/24 09:35 AM ET
This is tricky, tricky topic and don't think we are a Top 20 spending
-- VTScoop
Aug 17, 2024 at 03:10 PM ET
VTScoop
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08/17/24 03:10 PM ET
To this layman, it definitely is not.
-- Atlee Hokie
Aug 17, 2024 at 12:43 PM ET
Atlee Hokie
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08/17/24 12:43 PM ET
We did win the 2022 regular season. There is another post I just posted to
-- VTScoop
Aug 17, 2024 at 03:11 PM ET
VTScoop
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08/17/24 03:11 PM ET
Of course, some of those expenditures are offset by ticket sales.
-- saret
Aug 17, 2024 at 10:06 AM ET
saret
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08/17/24 10:06 AM ET
:-). Yes baseball brings in a decent amount of revenue. Four suites and
-- VTScoop
Aug 17, 2024 at 03:22 PM ET
VTScoop
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08/17/24 03:22 PM ET
I don't think they bring in anything close to $1.5M
-- HokieBoy
Aug 25, 2024 at 10:02 PM ET
HokieBoy
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08/25/24 10:02 PM ET
Yes, my post was not about profitability at all. Baseball is not a profit
◄
-- VTScoop
Aug 26, 2024 at 09:09 AM ET
VTScoop
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08/26/24 09:09 AM ET
What is NC State doing to dwarf everybody else? Also have a question on CR
-- Stech
Aug 26, 2024 at 09:28 AM ET
Stech
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08/26/24 09:28 AM ET
Thanks for making the arguments for @VTChip, myself and others
-- saret
Aug 17, 2024 at 06:02 PM ET
saret
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08/17/24 06:02 PM ET
Well, baseball does sell tickets but only to ACC games.
-- RJHokie
Aug 17, 2024 at 12:53 PM ET
RJHokie
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08/17/24 12:53 PM ET
I agree. @2hhoop3 talks about maximizing revenue opportunities
-- saret
Aug 17, 2024 at 01:17 PM ET
saret
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08/17/24 01:17 PM ET
My point is and always has been.......
-- 2hhoop3
Aug 17, 2024 at 01:34 PM ET
2hhoop3
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08/17/24 01:34 PM ET
If the new CFO is a “yes” man, you won’t see any changes.**
-- RJHokie
Aug 17, 2024 at 01:31 PM ET
RJHokie
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08/17/24 01:31 PM ET
Yeah, we all said that. i haven't seen anything to ascertain if he's
-- saret
Aug 17, 2024 at 01:42 PM ET
saret
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08/17/24 01:42 PM ET
Yeah, NSA does more outreach than our AthDept.**
-- saret
Aug 17, 2024 at 02:13 PM ET
saret
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08/17/24 02:13 PM ET
But there is really no such agency...**
-- astrohokiebob
Aug 18, 2024 at 07:09 AM ET
astrohokiebob
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08/18/24 07:09 AM ET
I didn't work there I should know.**
-- astrohokiebob
Aug 18, 2024 at 12:56 PM ET
astrohokiebob
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08/18/24 12:56 PM ET