Morning Five: 10.11.12 Edition
Posted by rtmsf on October 11th, 2012
- The NCAA this week released its annual financial report on on the spending patterns of its member institutions’ athletic departments, and the results, while not groundbreaking, are certainly interesting. The report (found in its entirety here) deals in aggregate numbers — meaning individual schools are not named — but the data from 2011 is still valuable. For example, among FBS (I-A) schools, the median revenue for a basketball program approached $5 million with profits of $812,000. By comparison, football programs created over $15 million of revenue with profits of around $3.5 million each. Because every other collegiate program from rifle (-$26,000) to women’s basketball (-$1.26 million) operates at a significant loss, only 23 of 120 FBS schools had a net positive revenue stream in 2011 (one more than 2010, but nine more than 2009). You don’t have to see their names on a report to more or less guess who the lucky ones are.
- ESPNU’s Recruiting Nation may end up with its highest rated October ever if it keeps this up. According to the Detroit News, elite Class of 2013 wing James Young will announce his college decision on the 5 PM episode this evening, and his choice will once again make for a very happy weekend in the Commonwealth of Kentucky. Young has been considered a UK lock for some time, especially after his home state Michigan State program discontinued his recruitment when a trip to East Lansing never materialized. Young is in everybody’s top 10 and is rated as the overall #7 player in his class, according to RSCIHoops. Along with the top five Harrison twins, John Calipari is well on his way to grabbing an entirely new starting five quite possibly filled with only top 10 prospects (Julius Randle, Aaron Gordon, and Andrew Wiggins if he reclassifies are still possibilities). Like him or not, the man has quite simply redefined college basketball recruiting.
- Down the road an hour in Louisville, the Cardinals’ head coach Rick Pitino would be wise to push his loaded squad to the Final Four in Atlanta and cut the nets down this year. But even if Louisville falters along the way, it appears that the 60-year old Pitino will have several more opportunities as he is now backing off his previous statements that he expects to retire in 2017. On a SiriusXM radio show with Jeff Goodman on Wednesday night, Pitino said that he expects to sign a contract extension and plans on staying on board as a head coach “for as long as [he's] healthy.” We’ll say this, from personal experience — the Pitino we saw during last year’s Final Four run was as light-hearted and as happy as we’ve ever seen from the guy. He seemed to actually enjoy what he was doing again.
- From the top of the heap to the bottom… only two days before the start of practice, UMBC head coach Randy Monroe resigned his position, effective immediately. It was no secret that Monroe had struggled there in recent years — going a disastrous 13-77 in his last three seasons — but the timing of his resignation is incredibly odd. Monroe was the head coach at UMBC for eight seasons, taking the Retrievers to the NCAA Tournament in the 2007-08 season. His top assistant coach, 33-year old Aki Thomas, will take over this season on an interim basis. We’ll not speculate further as to the precipitating cause for such a weirdly-timed resignation, but we figure that if there’s a story here it’ll come out eventually.
- Finally, we have fresh news of an NCAA investigation of a player and it doesn’t involve an incoming recruit! CBSSports.com reported on Wednesday night that Texas point guard Myck Kabongo may have accepted impermissible benefits while working out in Ohio over the summer. You may be wondering what Kabongo, a Canadian who goes to school in Austin, Texas, was doing in the Buckeye State, but the answer relates to his former teammate (and countryman) Tristan Thompson, a current employee of the Cleveland Cavaliers. The question is whether Kabongo paid his own way for his travel and stay there, or if Thompson’s agent, someone by the name of Rich Paul (also LeBron’s agent) may have chipped in on his expenses. It’s probably not a huge problem even if Kabongo dipped into the pool a bit, as the preseason all-Big 12 selection likely would have to pay the money back and miss a handful of games as a result. But we’ll have to wait to see where this goes.
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