WEST VIRGINIA UNIVERSITY

July 11th, 2018 | by CollegeAD
WEST VIRGINIA UNIVERSITY
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West Virginia’s athletic department is working with big, black numbers. Revenue for media rights dispersed by the Big 12 and from IMG College should exceed $45 million. The Mountaineers’ federal accounting shows overall income at about twice that amount. But WVU is building, spending, paying and inking big, red numbers, too, and rarely if ever in college athletics do things cost less now than they will in the future. And the future is now. Athletic Director Shane Lyons told 247Sports budgeting practices now include setting money aside for a reserve. So, the Mountaineers don’t spend all the money they make. They stash some away, hoping that cache grows over time but knowing it’s there if and when it’s needed. Chances are, it’s going to be needed. There will be occasions when they need to spend more than they’d planned for something — or someone — or when they need to spend more than they were used to spending. Lyons said there isn’t a percentage or a figure they designate every year. WVU considers its budget and the revenue and finds a good number.  – MIKE CASAZZA, 247sports – Read More

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