Football
By Jessica Murray
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October 30, 2008
The Richmond football team's $450,000 operating budget for 2008 remains the largest allocated to the university's varsity athletics programs.
The men's basketball team has the second largest budget with $350,000 for operations, said David Walsh, the university's deputy athletics director.
The football program also allocated about 63 full scholarships this year, Walsh said, which amounted to about $2.8 million, Walsh said.
There are no fundraising efforts for the football program specifically, Athletics Director Jim Miller said, but the athletics department raises money through a number of venues, such as the Spider Club and athletics endowment.
"All of our sports are funded by the athletics department endowment," Walsh said, "university's supplement and other revenue that the athletics department produces."
Some of these revenues include corporate sponsorship, NCAA revenue distribution and ticket sales, he said.
Annual proceeds from home ticket sales are generally around $300,000, Miller said.
One reason it is important to bring the stadium on campus is because football attracts crowds and Miller said he hoped that this would increase ticket sales and the number of season-ticket holders.
The football team also brings in revenue is when it plays in "guarantee games." A guarantee game is one where a Division1-A program will pay Richmond to go to its school and play its football team.