UH Athletics might turn a profit this year

About how they may have turned a profit this year, JD told the Aloha Stadium Authority this week that:
"my staff is reporting to me that we have a very good chance to be in the black, although we won't have the exact numbers for two or three weeks and the (independent) audit for another four months." (HSA)

"in my experience, the audit and the internal numbers are usually pretty close." (HSA)


HSA Note: "The 2007 Sugar Bowl year and the resulting $4.4 million Bowl Championship Series payment gave the athletic department its only year out of the red since 2001."


JD credited the good financial performance on better-than-projected revenue from:
"baseball, men's basketball and football and some other sources." (HSA)


About how they have cut costs in their Athletic Department, JD said:
"We've really tried hard to hold the line on costs." (HSA)


HSA Note: "Baseball attendance reached a 15-year high and crowds were up an average of 38 percent for men's basketball. Revenue improved an average of $11,000 per game in men's basketball, UH said. Football attendance was up an average of more than 1,300 per game in a 10-4 season. In addition, UH received its first installment on the student athletic fees, expected to be approximately $740,000, and earned its second-highest Western Athletic Conference revenue check, $1.7 million, of which $137,256 was from money Boise State left on the table with its departure from the conference."


About UHAD's $10 mil deficit, an independent auditor told the UH Board of Regents that:
"the athletic department is, in effect, borrowing cash from other university units." (HSA)


HSA Note: "Donovan said if UH ends in the black, proceeds will go toward beginning to pay down the accumulated net deficit, which the department has been paying interest on."

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