Interesting: ACC Men’s Basketball, Ranked by Expenditures

ACC & Other ACC Teams Miscellaneous & Fun Stuff NCS Basketball12

College sports these days is big business, and according the Basketball State, the ACC all of the team combined for nearly $100 Million in expenses last season.  Granted, Syracuse, Notre Dame and Pittsburgh were not yet members of the conference, but given that they are now members of what may be the best hoops conference in the country, I’ve included their numbers for comparison.

Beware that these are raw numbers — some schools may be ranked higher than others due to salaries, travel and arena expenses and the like, but it does illustrate how much money goes into the economy to provide a season of basketball.

Nat. Rank 2012 Expenses Team Nickname Location Arena Coach ACC Rank
1 $15,901,099   Duke Blue Devils Durham, NC Cameron Indoor Stadium Mike Krzyzewski (since 1980) 1
4 $14,214,993   Syracuse Orange Syracuse, NY Carrier Dome Jim Boeheim (since 1976) 2
24 $7,157,618   North Carolina Tar Heels Chapel Hill, NC Dean Smith Center Roy Williams (since 2003) 3
32 $6,334,927   Maryland Terrapins College Park, MD Comcast Center Mark Turgeon (since 2011) 4
40 $6,101,054   Florida State Seminoles Tallahassee, FL Donald L. Tucker Center Leonard Hamilton (since 2002) 5
47 $5,870,401   Virginia Cavaliers Charlottesville, VA John Paul Jones Arena Tony Bennett (since 2009) 6
49 $5,817,054   Georgia Tech Yellow Jackets Atlanta, GA McCamish Pavilion Brian Gregory (since 2011) 7
50 $5,795,451   Miami Hurricanes Coral Gables, FL BankUnited Center Jim Larranaga (since 2011) 8
53 $5,620,659   Boston College Eagles Chestnut Hill, MA Silvio O. Conte Forum Steve Donahue (since 2010) 9
55 $5,501,959   Virginia Tech Hokies Blacksburg, VA Cassell Coliseum James Johnson (since 2012) 10
56 $5,444,127   North Carolina State Wolfpack Raleigh, NC PNC Arena Mark Gottfried (since 2011) 11
58 $5,075,735   Clemson Tigers Clemson, SC Littlejohn Coliseum Brad Brownell (since 2010) 12
64 $4,850,811   Wake Forest Demon Deacons Winston Salem, NC Joel Memorial Coliseum Jeff Bzdelik (since 2010) 13
69 $4,622,255   Notre Dame Fighting Irish Notre Dame, IN Joyce Athletic Center Mike Brey (since 2000) 14
Total $98,308,143
Athletic budget data via Office of Postsecondary Education (based on most recent data available). 
ACC & Other ACC Teams Miscellaneous & Fun Stuff NCS Basketball

12 Responses to Interesting: ACC Men’s Basketball, Ranked by Expenditures

  1. redcanine 10/03/2013 at 10:23 AM #

    What the F does Clemson spend money on?

  2. tjfoose1 10/03/2013 at 10:26 AM #

    Are expenses like cupcakes, parking tickets, and rental cars included?

  3. Wufpacker 10/03/2013 at 10:57 AM #

    ^ LMAO

    And while granted, I haven’t stopped to digest the full meaning/implications here…

    My gut reaction is when you’re spending less than VT and BC, and barely more than Clemson, then you have no right to expect elite results.

  4. Alpha Wolf 10/03/2013 at 10:59 AM #

    We may have lower costs because we have an advantageous arena deal — we lease at a reduced rate and Gale Force Holdings has to keep the building up to snuff. I’m not sure if those numbers are included in that data, but it would make sense if they were and it would make more sense of the overall expenditures we make.

  5. El Scrotcho 10/03/2013 at 11:15 AM #

    I couldn’t find any methodology behind the numbers. My instinct is that there is no standard list of line items included in these budgets and the results are therefore almost meaningless. Large chunks of expense may reside in the booster club, or in an arena authority, while various levels of staff and expenditures may be classified as university vs athletic dept.

  6. PoppaJohn 10/03/2013 at 11:46 AM #

    Agree w/ Scrotch.
    We have the nicest arena in the conf, so that should lift us up there no matter how we actually pay for it. It is an expenditure to support the program.
    Clearly coaching salaries are blowing up the top end of the scale.

  7. BrickyardMayhem 10/03/2013 at 1:10 PM #

    Where is Pittsburgh’s numbers? That would put it above $100M.

  8. the_phisherman 10/03/2013 at 1:46 PM #

    Given the relative closeness of the numbers of Boston College and Miami to us, the difference may lie in the increased travel expenditures of those schools. We don’t have to travel far to play at UNC, Duke, Wake Forest, UVA, VT and Clemson.

  9. YogiNC 10/03/2013 at 2:22 PM #

    With ‘Cuse its the Carrier Dome which they only share with football and offsets are only due to special events. Boeheim also makes a big chunk of change.

  10. Texpack 10/03/2013 at 2:57 PM #

    I’ve spent all day crunching numbers for graphs and such so I’m more skeptical about the data than just about anybody on here. Until you know how the number was arrived at, you know zilch.

  11. packalum44 10/03/2013 at 4:10 PM #

    As a CFA/CPA, my expert opinion is these #’s are garbage. There is no transparency nor official and pervasive financial reporting guidance.

  12. Alpha Wolf 10/03/2013 at 4:13 PM #

    We’d probably be able to determine more about the methodology if the federal government website at the bottom weren’t offline thanks to the government shutdown.

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