How Can Balance Athletic Expenses? Essay

How Can Balance Athletic Expenses? Essay

Length: 719 words (2.1 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

The economic well-being within the NJCAA easily explains its successful ways to balance athletic expenses in a way that does not affect the impact of the experience of the student-athlete. Finances within an organization help understand the sources of incomes and expense information. The NJCAA is an organization that takes part in a unique way of distributing/generating revenue which includes sourcing of income strategies and cost saving strategies. Hosting championship events is a way that the NJCAA allows its member institutions to gain revenue and exposure. Although this can be seen as a challenging endeavor for athletic programs and college administrators, the impact of the expenses/incomes highlight the many ways the institution can create balance. Over 78 years of operating under mandatory 8 employees for the “NJCAA which is estimated to generate $1.7 million in annual revenues, and employs approximately 8 people at this single location” (National Junior College Athletic Corporation, 2016).
Sources of Income:
The NJCAA has many different ways to generate revenue, which includes sponsorship packages/ partnerships, membership income, and tournament income. In the 2015-2016 budget the NJCAA had an estimated $900,000 from membership income, a sponsorship income of $255,357.00, and a tournament income which was $308,500.00 (NJCAA Budget, 1). Each source of income has a certain description that underlines each sources duty within the process. However, the NJCAA has many other ways of gaining revenue from “marketing income - AOL & Google ($35,000), NJCAA review - income ($8,975.00)” (NJCAA Budget, 1). When considering program attendance the total number of people at the games dictates the revenue being brought in during the games...


... middle of paper ...


...ng the 2010-11 and 2011-12 academic years to reduce travel costs” (Horton, 3). Despite taking a look into realigning of conferences, this can be seen as a benefit when lessening the travel distance which serves as a tool for cost reduction. The travel expense for the NJCAA is separated solely off of the person being provided travel expenses. The travel expenses will include Travel - Assistant Media ($2,500.00), Travel - Assistant ED/Media ($ 5,000.00, Travel-Assistant ED/Compliance 7,500.00 0.00, and Travel - IT Director $1,500.00 0.00 (NJCAA Budget, 2). However, cutting travel costs helps save thousands of dollars annually. Lastly, cutting or adjusting the budgets of the coaches is not something that is recommended as a main option in involving revenues. Each of the cost saving strategies is essential in the way the NJCAA handles the increase/decrease the expenses.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

New Balance Athletic Shoes Case Study Essay

- Problems In reviewing the case of New Balance Athletic Shoe, Inc. it is clear that there are a few major problems that the company is facing. First of all, New Balance falls behind its other major competitors, Nike, Adidas and Reebok, in the area of marketing. Unlike its competitors, New Balance does not undertake celebrity endorsements. This puts them at a disadvantage when it comes to brand building. This also causes the company to lose out somewhat on gaining awareness on a global scale as it lacks endorsements in major sporting events....   [tags: Business Analysis Strategy]

Free Essays
867 words (2.5 pages)

Financial Records Of Any College Athletic Department Essay

- When looking at the financial records of any college athletic department, one must always check to make sure that the department is financially successful. At first glance of the revenue coming into the University of Never Land, it would seem as though the Bells are financially successful. One of the most critical figures for examining a company’s success is to figure out its earnings (Fried, G, DeSchriver, T., Mondello, M. , 2013, p. 121). This means one must perform a financial analysis of the department, which focuses on the financial statements, as they are a disclosure of a financial performance of a business entity (Siddiqui, 2014)....   [tags: Financial statements, Income statement]

Better Essays
832 words (2.4 pages)

College Sports Dilemm College Athletes Essay

- “College Sports Dilemma” Over the years, college athletics has seem to become more of a “business”, instead of it being more about the student athlete`s. While the top sports universities continue to be successful and make money off of ticket sales, television revenue, merchandising and alumni support; not all schools can keep up. If a universities sports team is not winning enough, they will often have to rely on general funding from the university to help balance the budget for the athletics department....   [tags: National Collegiate Athletic Association]

Better Essays
1042 words (3 pages)

Athletic Fee At The University Of Central Arkansas Essay

- Many students on the UCA campus do not know that they are paying $18 per credit hour for the athletic fee alone. The athletic fee at the University of Central Arkansas goes towards funding travel, athletic scholarships, employee salaries, and the basic operations in the department. Students with no interest in sports or relations to the athletic programs believe they should not have to pay for something that they will not be using or benefiting from. The fact is, while the athletic program requires a lot of funding to run, it does a lot of good for the university....   [tags: National Collegiate Athletic Association]

Better Essays
1820 words (5.2 pages)

New Balance Athletic Shoe, Indonesia, and Globalization Essay

- With the constant quest for greater profitability, American companies are reaching further and further around the globe for opportunity. Factories are being built in third world countries, and sales efforts continue to increase in the world’s fastest growing economies like China and Brazil. Consumer products corporations, especially, are seeking out the cheapest and most efficient method of production, and many are beginning to look to Indonesia for answers. According to the Indonesian Footwear Association, “sports footwear produced in Indonesia is expected to soar roughly 25 percent to $1.6 billion since 2007,” (Abelson 1)....   [tags: Business Analysis]

Better Essays
1222 words (3.5 pages)

Athletic Training : Athletic Trainer Essay example

- Many organizations, schools, and businesses hire an athletic trainer to help their employees and team members. Athletic training encompasses the prevention, diagnosis, and intervention of emergency, acute, and chronic medical conditions involving impairment, functional limitations, and disabilities(99). Athletic trainers can work in a large number of organizations. High schools hire them to help with their athletics and injuries that may occur. Colleges hire them for the same reason. Businesses hire them for their gyms in case there is an emergency....   [tags: High school, College, Athletic trainer]

Better Essays
932 words (2.7 pages)

Human Assets On The Balance Sheet Essay

- Human assets and whether there should be a value on humans has been a controversial issue in the recent years. Some individuals have argued that humans could be classified as assets because humans are a valuable resource of a business and placing value will help indicate importance to managers in order to cultivate the asset. However, others may object to the idea that humans are assets as this could be seen as demeaning; being listed alongside other business assets including inventory, plant and machinery....   [tags: Balance sheet, Asset]

Better Essays
950 words (2.7 pages)

Women 's Athletic Teams Than The Men Essay

- Have you ever wondered why many schools have more women’s athletic teams than the men do. This is due to the fact that all universities must abide by the regulations put in place by Title IX. Title IX in many ways is responsible for the growth and success of women’s collegiate athletics. Even though it has contributed to the growth of Women’s athletics has, in turn, had a negative effect on the opportunities male students have to participate in sports. In order to understand how and why Title IX has a negative effect on men’s intercollegiate athletics, it is important to understand what the act is and what it hopes to accomplish....   [tags: National Collegiate Athletic Association]

Better Essays
1233 words (3.5 pages)

Essay about Sheet Sheets : Balance Sheet

- Balance Sheet Template [Type the document subtitle] [Pick the date] Comsdev www.aftemplates.com   Contents Balance Sheet Extract 2 Answer 1.1 4 Answer 1.2 4 Answer 2 7 Answer 3 8 Reference List 10 Balance Sheet Extract Extract of Accounts CO1 CO2 CO3 CO4 CO4 Indexed 2X16 2X16 2X16 2X16 2X16 Accounts Payable 4.67% 1.81% 14.65% 6.14% 7.32% Accounts Receivable (Net) 23.71% 6.95% 14.24% 3.56% 5.40% Accrued Expenses 1.80% 4.00% 4.97% 4.69% 2.93% Cash and Cash equivalents 1.68% 20.40% 1.63% 2.68% 0.69% Current Assets - Other 3.94% 1.61% 1.11% 3.74% 0.73% Debt (short term) 0.02% 0.05% 4.20% 5.14% 5.14% Deferred Tax Liability 0.00% 0.65% 2.72% 4.10% 6.75% Intangibles 17.53% 14...   [tags: Balance sheet, Financial statements, Asset]

Better Essays
1467 words (4.2 pages)

Essay on The Current Account Balance Of The United States

- In the past decade, the United States has invested enormous amounts of money internationally. The amount of money the United States has invested internationally would be in the trillion dollar range. Based on the charts from OECD, the estimated total international invest in the past ten years is roughly $1.657 trillion. The United States makes its largest investments in the Netherlands, Canada, and the Belgium-Luxembourg Economic Union (BLEU). The United States makes is smallest investments in Estonia, Iceland, and Slovenia....   [tags: Investment, Finance, Balance of payments]

Better Essays
702 words (2 pages)