Worth every penny

Why Kim Mulkey is worth far more than the bottom line

Worth every penny
Kim Mulkey and the LSU Tigers take on Duke tonight in the Sweet 16. (LSU Sports)

Kim Mulkey's Tigers tip off against Duke tonight at 9 p.m. in the Sweet 16—and the run to San Antonio is doing what Mulkey's program has done since she arrived in 2021: making everyone remember that Baton Rouge exists.

The program carries an $8 million annual operating deficit, a number that surfaces every time someone wants to pick a fight about women's sports spending. The deficit argument misses the point entirely.

Why it matters: A city with a perception problem can't afford to undersell its wins.

What the numbers actually show: Ticket revenue has grown eightfold under Mulkey. Donor contributions quadrupled before the Tigers even won the 2023 national championship. Corporate sponsorships are running 25% above budget department-wide. The title game drew 9.9 million viewers—the most-watched women's college basketball game in history.

What the balance sheet can't capture: Angel Reese landed a Mercedes. Flau'jae Johnson signed with Roc Nation and holds a $1.5 million NIL valuation. Amazon cut its first-ever college athlete commercial featuring two Tigers. Shaquille O'Neal executive-produced a Prime Video docuseries set in Baton Rouge.

The bottom line: AD Verge Ausberry said it plainly: "Ticket sales drop off a cliff if she's not here. Corporate partners lose visibility. Broadcast interest wanes."

Tonight they won't. The Tigers are dancing, the brand is bigger than it's ever been, and an $8 million line item has never looked more like a bargain.