TARGET 8: Records show increase in MU athletic department spending

2 years 3 months 3 weeks ago Thursday, June 02 2016 Jun 2, 2016 Thursday, June 02, 2016 6:48:00 PM CDT June 02, 2016 in Target 8
By: Nick Komisar, KOMU 8 Reporter
loading

COLUMBIA - Through an open records request, KOMU 8's Target 8 investigative team acquired the MU athletic department's financial records from the years 2004 and 2014 to see how spending has changed over a 10-year period.

The reports show that MU is similar to many major universities nationwide, in the sense that athletic spending has increased across the board. 

In 2014, the athletic department spent a little more than $1.2 million on recruiting for its teams. That is good for a more than half-a-million dollar increase from 2004, when the department spent a little over $500 thousand. 

The reports also show an increase in total operating expenses. In 2004, the department incurred around $38 million in expenses. In 2014, that number jumps by more than $40 million to about $82 million.

However, it is worth noting that the department did see an increase in revenue of about $40 million as well.

When looking at individual team spending, the football, men's basketball, women's basketball and softball teams all increased.

The football team's spending more than tripled, the men's basketball team's spending increased 85 percent, the women's basketball team's spending increased 87 percent and the softball team's spending more than doubled. 

Athletic department officials said the switch to the SEC can account for a lot of this because the conference increased the department's revenue substantially. 

Since being introduced as the new head football coach, Barry Odom has emphasized multiple times the importance of recruiting.

KOMU 8 asked Odom if he believed that spending on recruiting would continue to rise.

Odom said recruiting is more about building relationships with players and their families.

He then added, "I don't know that necessarily increases the spending of it, but I think as year to year goes by prices of things go up." 

In the months following unrest on the MU campus, the university announced a large drop in freshman enrollment for the upcoming year resulting in a hiring freeze and a multi-million dollar budget shortfall. 

KOMU 8 wanted to know if this would have an effect on the athletic department's finances. 

Associate athletic director Tim Hickman explained that the athletic department's budget and the university's budget are not the same. 

"The majority of our revenue comes from sources that we have such as conference revenue, ticket sales, or contributions to our department, things like that," Hickman said. 

However, Hickman was sure to add that the department is not unaffected by happenings on campus. 

"There's not so much of a direct correlation. However, when the institutions struggling, everyone in the community is struggling including us. So it impacts us all." 

One aspect of Mizzou's financial records that are different than a lot of other universities is student fees. A few years back, MU elected to cut out all fees to the student body and chose instead to charge students for student tickets. 

Hickman said this was a conscientious choice made by the department because it puts the choice of whether to contribute to athletic programs in the hands of the individual students. 

If you would like to pick through the financial records from 2004 and 2014 on your own they are included below. 

 

 

More News

Grid
List
KANSAS CITY - The FBI released its annual Crime in the United States report Monday, and the numbers showed violent... More >>
22 hours ago Monday, September 24 2018 Sep 24, 2018 Monday, September 24, 2018 3:32:00 PM CDT September 24, 2018 in News
KANSAS CITY, Kan. (AP) — A former Kansas priest still holds medical licenses in Kansas and Missouri despite being defrocked... More >>
22 hours ago Monday, September 24 2018 Sep 24, 2018 Monday, September 24, 2018 3:29:15 PM CDT September 24, 2018 in News
JEFFERSON CITY - A law requiring a photo ID to vote is at the center of a lawsuit beginning Monday... More >>
23 hours ago Monday, September 24 2018 Sep 24, 2018 Monday, September 24, 2018 2:53:00 PM CDT September 24, 2018 in News
JEFFERSON CITY - A child sex investigation that started in Boone County has led to a man pleading guilty to... More >>
23 hours ago Monday, September 24 2018 Sep 24, 2018 Monday, September 24, 2018 2:51:00 PM CDT September 24, 2018 in News
JEFFERSON CITY - A federal grand jury added charges in the case against a Columbia man accused of trying to... More >>
1 day ago Monday, September 24 2018 Sep 24, 2018 Monday, September 24, 2018 2:21:00 PM CDT September 24, 2018 in News
WASHINGTON (AP) — Deputy Attorney General Rod Rosenstein headed to the White House on Monday expecting to be fired by... More >>
1 day ago Monday, September 24 2018 Sep 24, 2018 Monday, September 24, 2018 10:30:53 AM CDT September 24, 2018 in News
ST. LOUIS (AP) — St. Louis police are investigating a rash of six killings over a two-day period, with five... More >>
1 day ago Monday, September 24 2018 Sep 24, 2018 Monday, September 24, 2018 8:17:00 AM CDT September 24, 2018 in News
CASSVILLE (AP) — A $1.9 million renovation of a southwestern Missouri trout hatchery won't interfere with the tens of thousands... More >>
1 day ago Monday, September 24 2018 Sep 24, 2018 Monday, September 24, 2018 6:19:00 AM CDT September 24, 2018 in News
JEFFERSON CITY - Ameren Missouri announced a rate decrease for electric starting Monday. The Missouri Public Service Commission approved... More >>
1 day ago Monday, September 24 2018 Sep 24, 2018 Monday, September 24, 2018 2:28:00 AM CDT September 24, 2018 in News
COLUMBIA - Missouri Task Force 1 is in Kinston, North Carolina waiting for its next mission. The task force's... More >>
1 day ago Sunday, September 23 2018 Sep 23, 2018 Sunday, September 23, 2018 9:58:00 PM CDT September 23, 2018 in News
(CNN) -- Lawyers for Christine Blasey Ford said in a statement on Sunday that she has committed to testifying in... More >>
1 day ago Sunday, September 23 2018 Sep 23, 2018 Sunday, September 23, 2018 6:31:00 PM CDT September 23, 2018 in News
WASHINGTON (AP) — Farmers across the United States will soon begin receiving government checks as part of a billion-dollar bailout... More >>
1 day ago Sunday, September 23 2018 Sep 23, 2018 Sunday, September 23, 2018 6:27:00 PM CDT September 23, 2018 in News
ATLANTA (AP) — The Latest on the Tour Championship (all times local): 5:58 p.m. Tiger Woods is a... More >>
1 day ago Sunday, September 23 2018 Sep 23, 2018 Sunday, September 23, 2018 5:12:00 PM CDT September 23, 2018 in News
COLUMBIA - According to Missouri state law, all children over the age of eight do not have to ride in... More >>
1 day ago Sunday, September 23 2018 Sep 23, 2018 Sunday, September 23, 2018 4:51:00 PM CDT September 23, 2018 in News
COLUMBIA - Columbia police are searching for a person who ran away from a traffic stop in south Columbia around... More >>
1 day ago Sunday, September 23 2018 Sep 23, 2018 Sunday, September 23, 2018 4:22:00 PM CDT September 23, 2018 in News
COLUMBIA - Both China and the United States' newest round of tariffs go into effect on Monday. The US' tariffs... More >>
1 day ago Sunday, September 23 2018 Sep 23, 2018 Sunday, September 23, 2018 2:51:00 PM CDT September 23, 2018 in News
COLUMBIA - Over 100 activists walked around Stephens Lake Park on Sunday to raise money and awareness to end hunger... More >>
2 days ago Sunday, September 23 2018 Sep 23, 2018 Sunday, September 23, 2018 11:58:00 AM CDT September 23, 2018 in News
COLUMBIA - One person died and another was hurt in a one-vehicle crash Sunday morning. Police said Perri A.... More >>
2 days ago Sunday, September 23 2018 Sep 23, 2018 Sunday, September 23, 2018 9:57:00 AM CDT September 23, 2018 in News
Columbia, MO
Broken Clouds 83°
3pm 80°
4pm 80°
5pm 78°
6pm 76°