How are Missouri State basketball financials impacted by its attendance dip?

Missouri State men’s basketball has seen a downward trend in ticket sales when it was previously relied upon heavily in the university’s athletics budget.

It’s been said to be a point of emphasis for several years by Missouri State’s outgoing administration but has yet to be fixed. Kyle Moats, the university’s former athletics director, said he’s conservative when he budgets, lowering his expectations for what the program expects to receive via ticket sales annually.

The university has around a $31 million athletics budget that’s expected to increase by $6 million in what the school said will be a “budget neutral move” when Missouri State joins Conference USA for the 2025-26 athletics season.

According to the school’s NCAA financial report for fiscal year 2023, men’s basketball ticket sales were nearly 2.3% of the athletics program’s generated revenue. As recently as 2012, Bears basketball ticket sales were about 12.3% of the athletics program’s generated revenue.

About 49.2% of Missouri State athletics’ total operating revenues from fiscal year 2023 was the subsidy the department receives from the university.

More: Missouri State basketball attendance was worse than what you thought. Here’s why

Scenes from a Missouri State men’s basketball crowd when the Bears played Indiana State on Feb. 10, 2024. The announced attendance was 3,517 which ranked among the top crowds of the 2023-24 season.

Missouri State’s 2023-24 season ticket sales detailed

Via open records request, the News-Leader obtained Missouri State’s ticket sales data from the 2023-24 men’s basketball season. The numbers won’t appear on the school’s annual NCAA financial report until early 2025.

Type of ticket

Total

Revenue

Lower Level ($300)

745

$223,500

Lower Level ($150)

79

$11,850

Upper Level ($150)

104

$15,600

Upper Level ($75)

36

$2,700

Family Plan ($115)

71

$8,165

Subtotal

1493

$261,815

Single game

4686

$77,384

Total

6179

$339,199

Suite Sales

458

$106,800

Total after suite sales

—

$445,999

Compared to previous NCAA reports, it appears Missouri…

Source link : https://finance.yahoo.com/news/missouri-state-basketball-financials-impacted-081528655.html

Author : Springfield News-Leader

Publish date : 2024-06-25 08:15:28

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