Sunday, May 29, 2016
BC's ACC revenue continues to grow
As a private institution BC keeps most of its financial matters close to the vest. However, the ACC needs to file public tax documents and they are very revealing. For the 2014-15 school year, BC's ACC revenue share was $26.8 million. That is the money the league pays us for media rights and other shared ticket revenues. In just the ten years we've been in the ACC the annual number has grown by nearly $16 million. This also doesn't include any additional money BC takes in via Hockey East, our own fundraising and our on game day revenues and sponsorship. Being in the ACC has been good business for BC.
Now because of other league members' revenue streams and larger fanbases, BC is probably still one of the lower revenue teams in the conference. Because of the mix of private schools and BC's conservative nature of reporting, we will probably never get a true picture of where BC stands among its peers.
What frustrates me about this number is that even with the healthy and growing revenues, BC remains so conservative. How has the indoor practice facility taken so long, when some of this revenue could have off set up-front costs? Also, why do we still nickle and dime so many coaches and balk at paying players? I don't want to spend money to just to spend, but it is clear that BC could do more.