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Husky Football Blog

The latest news and analysis on the Montlake Dawgs.

July 13, 2010 at 1:54 PM

UW athletic department expects to be in black for 2009-10 fiscal year

With the 2009-10 fiscal year having passed on July 1, University of Washington athletic department officials say they expect they will be back in the black.
Not all of the numbers are in (some July and August transactions will be posted to the 09-10 fiscal year, for instance), but UW officials said today that an initial estimate shows that the department should make about $645,000.
That’s based on operating revenues of $61.5 million compared to operating expenses of $60.9 million.
That marks a return to the plus side of the ledger after UW reported a net deficit for the 08-09 fiscal year of about $5.5 million based on revenues of $54.019 million against $60.575 million in expenses.
The two biggest reasons for the uptick this year, UW officials said, are the return to profitablity of the school’s athletic endowment fund (which took a $3.4 million hit in 08-09 due to the drop in the stock market) and not having the extra expenses incurred the previous year in the change in football coaches from Tyrone Willingham to Steve Sarkisian (which cost roughly $2 million in payouts and one-time expenses).
UW said that there were other factors, as well, but that the endowment and the lack of a football coaching change “were the most signficant” in returning to profitability this year.
None of this is a surprise as UW AD Scott Woodward had said last spring he expected the department to rebound financially this year and said he thinks the long-term outlook is good with the football program appearing on the verge of a turnaround, as well.
“The good news is that we expect the endowment to be up significantly this year because the marked has performed well and season ticket sales are up and football is on the upswing,” he said.
UW reported in the spring it had sold about 1,800 new season tickets for this year.
When more definite numbers become available later I will pass those on, as well.

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