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3 maj 2022 · Money Monsters. Changing gears a bit, here’s a quick look at the Money Monsters - aka the teams spending far above their league median. The top 16 are higher than 70% above the median:
In the doldrums of the offseason, we pivoted off the basketball court to open up the accounting ledger. Using the most recent Department of Higher Education numbers, here’s a quick look at each team’s spending situation.
11 mar 2020 · Follow the timeless rules of money management for financial wellness: pay yourself first, invest early to leverage compound interest, spend less than you earn and increase your earning potential by investing in yourself.
With March Madness right around the corner, here are some surprising lessons basketball can teach you about money management. Lesson 1: Discipline breeds success Kevin Durant once said, "Control of your destiny begins with control of yourself ."
Managing basketball financial obligations starts with crafting a savvy budget. Start by itemizing all anticipated costs—think registration fees, uniforms, travel, and equipment. Differentiate between fixed expenses like those pesky registration fees and variable ones such as travel costs, which might spike depending on game locations.
It’s better to set smaller, manageable goals for your money, such as saving up a targeted amount of money, putting away a specific percentage of your monthly income for the future or bringing your monthly discretionary spending down by 10 percent.
With hundreds of millions of dollars invested into college basketball programs across the nation every year, and COVID-19 causing a financial crush for many institutions, maximizing return on investment can be vital information for coaches and administrators.
