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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
Posted: 08/26/2024 at 09:09 AM ET
(In response to this post by HokieBoy)

Thread Replies (31)

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A recent report shows VT is #19 in baseball spending
VTChip 08/16/24 07:55 AM ET
Well, Whit is a baseball guy, from his time at JMU.
saret 08/16/24 09:01 AM ET
Since he's a baseball guy, why isn't he demanding better ...
Atlee Hokie 08/16/24 09:16 AM ET
That’s the question!!!**
Slider!22 08/19/24 12:09 PM ET
Excellent question!
Hockeydad 08/16/24 12:12 PM ET
His preferences don't include that dynamic. **
saret 08/16/24 09:17 AM ET
Seems VT isn't quite getting its money's worth then.**
Atlee Hokie 08/16/24 08:25 AM ET
Didn't we host a super regional in 2022?**
EvDogHokie 08/16/24 03:16 PM ET
Yes we did, but the previous NCAA BID was back in 2013
VTChip 08/17/24 09:35 AM ET
This is tricky, tricky topic and don't think we are a Top 20 spending
VTScoop 08/17/24 03:10 PM ET
To this layman, it definitely is not.
Atlee Hokie 08/17/24 12:43 PM ET
We did win the 2022 regular season. There is another post I just posted to
VTScoop 08/17/24 03:11 PM ET
Of course, some of those expenditures are offset by ticket sales.
saret 08/17/24 10:06 AM ET
:-). Yes baseball brings in a decent amount of revenue. Four suites and
VTScoop 08/17/24 03:22 PM ET
I don't think they bring in anything close to $1.5M
HokieBoy 08/25/24 10:02 PM ET
Yes, my post was not about profitability at all. Baseball is not a profit
VTScoop 08/26/24 09:09 AM ET
Thanks for the info!
HokieBoy 08/26/24 12:37 PM ET
What is NC State doing to dwarf everybody else? Also have a question on CR
Stech 08/26/24 09:28 AM ET
I don’t believe so either.
RJHokie 08/25/24 10:08 PM ET
Thanks for making the arguments for @VTChip, myself and others
saret 08/17/24 06:02 PM ET
Well, baseball does sell tickets but only to ACC games.
RJHokie 08/17/24 12:53 PM ET
I agree. @2hhoop3 talks about maximizing revenue opportunities
saret 08/17/24 01:17 PM ET
My point is and always has been.......
2hhoop3 08/17/24 01:34 PM ET
BINGO!**
NokieHokie 08/17/24 01:46 PM ET
If the new CFO is a “yes” man, you won’t see any changes.**
RJHokie 08/17/24 01:31 PM ET
Yeah, we all said that. i haven't seen anything to ascertain if he's
saret 08/17/24 01:42 PM ET
Haven’t heard anything.
RJHokie 08/17/24 01:53 PM ET
Yeah, NSA does more outreach than our AthDept.**
saret 08/17/24 02:13 PM ET
But there is really no such agency...**
astrohokiebob 08/18/24 07:09 AM ET
Good one!**
saret 08/18/24 09:54 AM ET
I didn't work there I should know.**
astrohokiebob 08/18/24 12:56 PM ET
LOL nice! :)**
NokieHokie 08/17/24 02:37 PM ET