Thursday, January 7, 2010

UH projects a $2 million deficit despite its sponsor program growing to $3.1 million

HA Note: "The Rainbow Wahine, who led the nation in attendance for the 16th consecutive year, averaging 6,423 per game, took in $795,388 in ticket revenue, according to Jim Donovan, UH athletic director."


About the women's volleyball team reaching their revenue projection, JD said:
"They hit their (revenue) projections in spite of the economy." (HA)


HA Note: "Donovan said the department is projected to come in at
"about a $2 million" deficit in the fiscal year that closes June 30 pending the result of basketball, baseball and men's volleyball revenues. The football team, which is the biggest bread-winner in the 19-team athletic department, was projected to produce $5 million in ticket revenue in 2009 but managed $4.27 million."


About the football team not reaching their revenue projection, JD said:
"The final (football) numbers were not as good as we had hoped." (HA)


About the ticket shortfall, JD said that Hawaii's economy and the team's 2-6 start:
"were both factors." (HA)


HA Note: "Football and women's volleyball season ticket sales dropped off. Football slipped from 27,705 in 2008 to 23,940 in 2009 while volleyball shrunk from 3,854 to 3,563. But while volleyball individual game sales helped pick up some slack by going from 17,089 to 28,152, football went from 49,098 to 49,067."


JD said that the volleyball team's 32-3 record and Final Four finish has led to his:
"plans to submit (to the Mānoa administration) a request for bonuses for Dave Shoji and the coaching staff." (HA)


HA Note: "Donovan declined to disclose the amounts of the bonuses he is seeking. Reportedly Shoji's contract is worth upward of $175,000 per season."


HA Note: "Even in a down economy the University of Hawai'i athletic department managed to grow the overall worth of its corporate partner program to a record $3.1 million in the current fiscal year, a spokesman said. UH has received $2,190,000 in cash and $916,031 from the 64 members of its decade-old corporate partner program, according to associate athletic director John McNamara, who oversees the project. Sponsorships range from $5,000 to more than $100,000. Athletic director Jim Donovan said it was one of the few areas of revenue growth for the department in 2009."


Crediting John McNamara and his staff for the increase in the sponsorship program, JD said:
"I think that's a testament to the job of John and his hard-working staff. I think our sponsors response, even in this economy, says that UH athletics is a partnership they still highly value." (HA)


HA Note: "The actual cash amount for 2009-10, while above 2008-09 ($2,129,156) was slightly below the record of $2,205,993 of 2007-08 as some donors shifted contributions to trade."


McNamara said about some of their sponsors shifting some contributions to trade:
"that still works for us because those are goods and services we would have to otherwise purchase." (HA)


HA Note: "UH has 16 sponsors at its highest level, platinum, which requires a donation of $100,000 or more per year. Donovan said the program has set a target of "eight to 10 percent growth" for next year. UH said it plans to off a new "diamond" level of sponsorship to clients whose donations hit $150,000 or more per year."

http://sports.honoluluadvertiser.com/apps/pbcs.dll/article?AID=/20100107/SPORTS02/1070351&template=UHsports

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