Iowa spends 3rd most in Nation on Football

I am curious to know what is considered a football related expenditure.

Iowa might be up on that list because they are still making payments on loans taken out for the Kinnick rennovations. At least I thought I read something about them having some 5 and 10 year loans.

Jon, do you know anything on that?
 
Does this include the expense of the renovation of Kinnick? If so, that expense may skew the statistics a bit relative to historical spending.
 
Debt repayment is probably included, which greatly skews Iowa's numbers.

Iowa's athletic department is 100% self-sufficient, something very few athletic departments can claim. most schools don't charge athletics for infrastructure such as IT, telecommunications, etc.

its not apples to apples.
 
Over half of Iowa's football expenses are bond retirement cost. The football expenses per the 2008 budget are $ 13,434,545. The bonds for the improvement were to be retired over five years, and the total bonds were approximately $85 million.
 
and, pin was right, bowl trips aren't cheap, especially for us since there are no bowls anywhere near Iowa
 
Also remember that teams like Iowa which have to do alot of out of state recruiting adds cost. Not just recruiting cost, but paying out of state tuition.
 
If you get to the bottom both ISU and IOWA were rated most financially irresponsible in their respective conferences. I agree a deeper investigation of the numbers is in order but it doesn't look good for either university.
 
hawkinn3 said:
If you get to the bottom both ISU and IOWA were rated most financially irresponsible in their respective conferences. I agree a deeper investigation of the numbers is in order but it doesn't look good for either university.
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Doesnt look good? I guess I wouldnt be that dramatic...as some have pointed out, there is likely a significant amount of debt repayment there. ISU recently had some work done at Jack Trice, too.

But this is like a cold war arms race; you are either in it, or you are going to lose...and just being in it doesn't guarantee success, because there are other factors that can work against you.
 
hawkinn3 said:
If you get to the bottom both ISU and IOWA were rated most financially irresponsible in their respective conferences. I agree a deeper investigation of the numbers is in order but it doesn't look good for either university.
Click to expand...
What investigation? You have one writers opinion and he even states that when he says "MY TWO CENTS". So Iowa is 0-3 against teams that spend more, all that means is they lost to Ohio St. 3 times.

Here's my TWO CENTS it is money well spent, so there is no need for a investigation. :)
 
LG210 said:
Does this include the expense of the renovation of Kinnick? If so, that expense may skew the statistics a bit relative to historical spending.
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But then wouldn't they include the expenses Minnesota piled up to build the new stadium. I mean, they built a whole new stadium! But they're still near the bottom of the list.

Weird.
 
All I meant by investigation was how the "expenses" were measured. Not some kind of fraud investigation or anything.
 
imported_PawkHawk1 said:
But then wouldn't they include the expenses Minnesota piled up to build the new stadium. I mean, they built a whole new stadium! But they're still near the bottom of the list.

Weird.
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I doubt that would be included for Minnesota since that was a state legislature voted on project that came directly out of the state tax dollars. I'm betting that it is a state expense and not put on the university.
 
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