NCAA FGCU Basketball

Florida Gulf Coast University collects “about $15,000” during first quarter of 2013

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The Florida Gulf Coast men’s basketball team put not just their program, but school on the map advancing to the Sweet 16 in the 2013 NCAA Tournament. It’s impossible to put a price on the kind of exposure and earned media the school from Fort Myers — established just over 20 years ago in 1991 — received due to their magical run beating Georgetown and San Diego State convincingly.

When the cash registers officially closed and numbers tallied, Florida Gulf Coast only cashed out on about $15,000 in royalties from sales of officially licensed merchandise in the first quarter of 2013.

$15,000 doesn’t seem like a whole lot, right? Here’s how FGCU’s payday shakes out:

FGCU receives an 8 percent royalty on the wholesale price — not retail price — of officially licensed merchandise, and splits that revenue with Licensing Resource Group. A T-shirt that sells for $20, for example, may only carry a wholesale price of $5, which would generate a royalty of 40 cents. LRG’s cut would be 14 cents, leaving just 26 cents for FGCU. For the period that ran Jan. 1 to March 31, royalties totaled $22,017 on $293,119 of wholesale sales, the vast majority coming from apparel sales.

When compared to the $5,298 in royalties from the first quarter in 2012, Loren Prive, FGCU’s director of business operations, commented: “It doesn’t look huge, but when you compare it to last year, it’s much better.”

While the increased royalties FGCU received is certainly a nice boost, it pales in comparison to larger schools and athletic programs around the country. The University of Florida, for instance, brought home $6.3 million in licensing royalties from July, 2011 to June, 2012.

Ultimately, the real money to be made from their NCAA Tournament success is from a stark increase in high school students applying to the school. From an ESPN article in late March:

From March 21 to March 25, unique visitors to the admissions page on FGCU’s website leaped from 2,280 to 42,793. Overall visits to the school’s website topped out on Monday at 230,985, not counting the 117,113 who went directly to the athletics page. In the month leading up to FGCU’s advancing to the Sweet 16, visitors to the website had seen a daily count as low as 18,863.

You can find Kevin on twitter @KLDoyle11

Bill Self on Cheick Diallo: ‘It may be a couple of more weeks’

2015 McDonald's All American Game
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Cheick Diallo is currently practicing with Kansas, but his eligibility still remains in question.

On Monday, Kansas head coach Bill Self appeared on “The Border Patrol” on WHB-AM 810 and was asked to update the status of his freshman big man.

“He’s been cleared to practice,” Self told hosts Steven St. John and Nate Bukaty. “(His status) is depending on what they find throughout from the information we submit to them whenever we get it all together.

“A lot of people think, ‘Well, why wouldn’t it all be together?’ Well there’s a lot of reasons why. It’s because they told us recently some things that they just wanted. Instead of just throwing it to them piece by piece, they requested we to just submit it all together, so it may be a couple of more weeks before we’re able to submit everything when you’re talking about getting information from schools in Mali and everything like that.

“But we hope in two weeks, maybe three weeks, before we have a definite answer. But right now, Cheick is like everybody else. He’s practicing.”

Diallo, a 6-foot-9 forward from Mali is allowed to practice with the Jayhawks, but has been waiting to be cleared by the NCAA Eligibility Center despite enrolling in classes over the summer and earning six credits. Self anticipated this would be a long process, but has remained confident Diallo, the top-5 recruit in Class of 2015, will eventually be cleared to play this season.

For three years, Diallo attended Our Savior New American School in Centereach, New York, which is currently under NCAA review. In September, Pitt freshman Damon Wilson, Diallo’s teammate at OSNA, was cleared to play.

Kansas opens the season on Nov. 13 against Northern Colorado.

Albany’s Peter Hooley accepts Inspiration Award

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Last week, Albany senior Peter Hooley accepted the Inspiration Award at the Coaches vs Cancer Basket Ball in Troy, New York. The Albany athletic department uploaded his entire speech on Monday afternoon.

Hooley had one of the most uplifting moments of March after months and months of heartache.

The junior guard missed three weeks of the season to travel back home to Australia to be with his mother, who was battling colon cancer. She passed away in January. Hooley returned to the team in February and the following month, the Great Danes had a shot at an NCAA tournament berth. In the America East Tournament championship, Hooley sunk a game-winning shot with 1.6 seconds to go.

Hooley, who graduated in May, was selected to give the commencement speech.