KHSAA Financial Position

  1. #1
    Tigerpride94's Avatar
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    KHSAA Financial Position

    With Sweet 16 tournaments potentially not played, will KHSAA survive the large financial hit? Will member schools bear the brunt to keep them a float or will a new entity be created?

    Will financial hit from no state basketball tournaments shut doors at KHSAA? – Vaughts Views
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    Jumper_Dad's Avatar
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    What does the KHSAA actually spend money on, besides a few salaries?
    I'd think there budget wasn't very much to begin with.

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    Tigerpride94's Avatar
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    Quote Originally Posted by Jumper_Dad View Post
    What does the KHSAA actually spend money on, besides a few salaries?
    I'd think there budget wasn't very much to begin with.
    Their budget is around 3 million so a million dollar hit would be big.

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    Quote Originally Posted by Tigerpride94 View Post
    Their budget is around 3 million so a million dollar hit would be big.
    That has to be nearly all administrative, right.

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    Quote Originally Posted by Jumper_Dad View Post
    What does the KHSAA actually spend money on, besides a few salaries?
    I'd think there budget wasn't very much to begin with.
    Who pays the refs?

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    Quote Originally Posted by Tigerpride94 View Post
    Their budget is around 3 million so a million dollar hit would be big.
    $3.2 million in 2015. Probably has gone up since then. Roughly 1/2 their total expenses are Admin Costs. I found an annual report from 2007/2008 which gives a little insight into what their revenues look like vs expenses.

    https://khsaa.org/annualmeeting/2008...report2008.pdf

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    Quote Originally Posted by 4 Quarters View Post
    Who pays the refs?
    Host schools normally pay for the officials. I'd imagine the KHSAA pays for the tournament/Championship officials.

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    The Scribe's Avatar
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    Insurance is a biggie. Rental of college facilities for state tournaments is another.

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    PurplePride92's Avatar
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    They can’t get a loan?

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    Isn't KHSAA a legal state administrative agency--like the real estate commission? Don't know if you just do away wth them.

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    JDEaston's Avatar
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    They will be fine financially.

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    PurplePride92's Avatar
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    Quote Originally Posted by JDEaston View Post
    They will be fine financially.
    Agreed. I don’t see money as an issue at all. Makes for a convenient excuse for them to ask for donations but deep down we all know they’ll be fine.

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    jahearme's Avatar
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    I can see them taking a portion of postseason events for a few years to help out. Currently, Kentucky is the ONLY state where the state association does not dip into the postseason proceeds. In Kentucky that money is currently divided up in accordance to each districts/regions agreed terms. The only postseason events where the KHSAA pockets any money are state championships.
    Other states take a portion from all postseason events. Each state varies on this.

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    gchs_uk9's Avatar
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    Quote Originally Posted by PurplePride92 View Post
    Agreed. I don’t see money as an issue at all. Makes for a convenient excuse for them to ask for donations but deep down we all know they’ll be fine.
    Agreed. I think they'll be fine, but I also didn't have a problem with them asking for a donation. I do hope that the crowds are big at every state championship event during the 2020-21 season. Hopefully people will realize what they've missed and won't take it for granted.

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    I see ticket prices increasing for future post season tournaments.

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