CommuterBob
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Miami Beach Bowl generated $40M in economic impact to Miami
http://theamerican.org/news/2015/4/15/FB...54048.aspx
Quote:The inaugural Miami Beach Bowl generated quantifiable economic impacts to the Miami-Dade County economy. According to the Washington Economics Group the newest annual event on Miami's sports and tourism calendar generated a total economic impact of $20 million. Additionally, in total, 205 jobs were estimated to be created either directly or indirectly throughout Miami-Dade County by the 2014 Miami Beach Bowl. The report also stated that initial impacts are expected to grow as the new bowl becomes established.
Quote:The detailed executive summary report tallied an exposure value of $20,400,686.17 as a result from national television (ESPN), on-site impact, advertising promotions, television media, print media and internet news.
But no word on how much the AAC made off the bowl.
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04-15-2015 10:10 AM |
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Stookey57
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
(04-15-2015 10:10 AM)CommuterBob Wrote: http://theamerican.org/news/2015/4/15/FB...54048.aspx
Quote:The inaugural Miami Beach Bowl generated quantifiable economic impacts to the Miami-Dade County economy. According to the Washington Economics Group the newest annual event on Miami's sports and tourism calendar generated a total economic impact of $20 million. Additionally, in total, 205 jobs were estimated to be created either directly or indirectly throughout Miami-Dade County by the 2014 Miami Beach Bowl. The report also stated that initial impacts are expected to grow as the new bowl becomes established.
Quote:The detailed executive summary report tallied an exposure value of $20,400,686.17 as a result from national television (ESPN), on-site impact, advertising promotions, television media, print media and internet news.
But no word on how much the AAC made off the bowl.
this is really good, it clearly shows that the espin affiliation is paying off......
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04-15-2015 10:27 AM |
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TIGERCITY
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
(04-15-2015 10:10 AM)CommuterBob Wrote: http://theamerican.org/news/2015/4/15/FB...54048.aspx
Quote:The detailed executive summary report tallied an exposure value of $20,400,686.17 as a result from national television (ESPN), on-site impact, advertising promotions, television media, print media and internet news.
Wonder how much of that "exposure value" was related to our kicking BYU's arse *after* the game. Seemed to have gotten a lot of play ---
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04-15-2015 10:38 AM |
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KNIGHTTIME
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
Is this economic impact from local hospitals after the game?
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04-15-2015 10:41 AM |
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firmbizzle
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
(04-15-2015 10:41 AM)KNIGHTTIME Wrote: Is this economic impact from local hospitals after the game?
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04-15-2015 11:06 AM |
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Bull
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
Excellent. Good for the city, the conference, and bodes well for growing the bowl into something very meaningful.
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04-15-2015 11:34 AM |
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PT_american
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
(04-15-2015 11:34 AM)Bull Wrote: Excellent. Good for the city, the conference, and bodes well for growing the bowl into something very meaningful.
Yup just need to hopefully lock down some P5 opponents.
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04-15-2015 04:14 PM |
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carolinaknights
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
Any information on the pay out per team for this bowl. Nice to see it declared a success story for the Miami area and the AAC. Now that the bowl is up and running it needs to be over closer to NYE for further success as the AAC primary bowl after the G5 Access bowl slot. It also needs a P5 opponent rotating with BYU on a permanent basis.
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04-17-2015 02:04 AM |
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goodknightfl
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
40 mil really isn't surprising. If it had a direct impact of 6.5 mil and you apply the multiplier, usually aprox 6... 6.5 X 6 and you get 39 mil.
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04-17-2015 07:44 AM |
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Stookey57
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
It's nice that we're making everybody else money we Nd to make ourselves more money as a conference
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04-17-2015 09:15 AM |
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Attackcoog
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
(04-15-2015 10:10 AM)CommuterBob Wrote: http://theamerican.org/news/2015/4/15/FB...54048.aspx
Quote:The inaugural Miami Beach Bowl generated quantifiable economic impacts to the Miami-Dade County economy. According to the Washington Economics Group the newest annual event on Miami's sports and tourism calendar generated a total economic impact of $20 million. Additionally, in total, 205 jobs were estimated to be created either directly or indirectly throughout Miami-Dade County by the 2014 Miami Beach Bowl. The report also stated that initial impacts are expected to grow as the new bowl becomes established.
Quote:The detailed executive summary report tallied an exposure value of $20,400,686.17 as a result from national television (ESPN), on-site impact, advertising promotions, television media, print media and internet news.
But no word on how much the AAC made off the bowl.
That's really the bigger issue. My guess is they did as well as any other small lower tier bowl. But I would like to know what the payout was and if we have a plan for making he payout high enough to attract a P5 opponent in the next bowl cycle.
(This post was last modified: 04-17-2015 09:47 AM by Attackcoog.)
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04-17-2015 09:45 AM |
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Bull
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
What's the word on how the bowl was for fans? While I love a bowl in Miami, and the facility is new and beautiful, I always worry that these bowls in baseball stadiums suffer from the first row of fans being way back from the sidelines. never been to a basebowl though...
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04-17-2015 09:57 AM |
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Gray Avenger
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
(04-17-2015 09:57 AM)Bull Wrote: What's the word on how the bowl was for fans?
My group had a great time. I prefer football stadiums for football, but it is a very nice facility and most sightlines are fine. They need to figure out a way to avoid teams exiting the field thru the same tunnel at the same time, though and perhaps stop placing a band and student section directly over the tunnel. That practically ensured the post-game brawl.
To me, WHO you play is much more important than WHERE you play. We definitely enjoyed playing BYU, owing to their brand and tradition.
(This post was last modified: 04-17-2015 10:21 AM by Gray Avenger.)
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04-17-2015 10:16 AM |
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PT_american
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
(04-17-2015 09:45 AM)Attackcoog Wrote: (04-15-2015 10:10 AM)CommuterBob Wrote: http://theamerican.org/news/2015/4/15/FB...54048.aspx
Quote:The inaugural Miami Beach Bowl generated quantifiable economic impacts to the Miami-Dade County economy. According to the Washington Economics Group the newest annual event on Miami's sports and tourism calendar generated a total economic impact of $20 million. Additionally, in total, 205 jobs were estimated to be created either directly or indirectly throughout Miami-Dade County by the 2014 Miami Beach Bowl. The report also stated that initial impacts are expected to grow as the new bowl becomes established.
Quote:The detailed executive summary report tallied an exposure value of $20,400,686.17 as a result from national television (ESPN), on-site impact, advertising promotions, television media, print media and internet news.
But no word on how much the AAC made off the bowl.
That's really the bigger issue. My guess is they did as well as any other small lower tier bowl. But I would like to know what the payout was and if we have a plan for making he payout high enough to attract a P5 opponent in the next bowl cycle.
Since we own it is their even a payout or do we get what ever is left after we pay our opponent and all the expenses? Honestly no idea how it works when we own it.
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04-17-2015 11:08 AM |
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quo vadis
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Re: RE: Miami Beach Bowl generated $40M in economic impact to Miami
(04-17-2015 11:08 AM)PT_american Wrote: (04-17-2015 09:45 AM)Attackcoog Wrote: (04-15-2015 10:10 AM)CommuterBob Wrote: http://theamerican.org/news/2015/4/15/FB...54048.aspx
Quote:The inaugural Miami Beach Bowl generated quantifiable economic impacts to the Miami-Dade County economy. According to the Washington Economics Group the newest annual event on Miami's sports and tourism calendar generated a total economic impact of $20 million. Additionally, in total, 205 jobs were estimated to be created either directly or indirectly throughout Miami-Dade County by the 2014 Miami Beach Bowl. The report also stated that initial impacts are expected to grow as the new bowl becomes established.
Quote:The detailed executive summary report tallied an exposure value of $20,400,686.17 as a result from national television (ESPN), on-site impact, advertising promotions, television media, print media and internet news.
But no word on how much the AAC made off the bowl.
That's really the bigger issue. My guess is they did as well as any other small lower tier bowl. But I would like to know what the payout was and if we have a plan for making he payout high enough to attract a P5 opponent in the next bowl cycle.
Since we own it is their even a payout or do we get what ever is left after we pay our opponent and all the expenses? Honestly no idea how it works when we own it.
Good point, so key issue is what we paid BYU.
I bet there really was no payout.
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04-17-2015 11:30 AM |
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Attackcoog
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RE: Miami Beach Bowl generated $40M in economic impact to Miami
(04-17-2015 11:30 AM)quo vadis Wrote: (04-17-2015 11:08 AM)PT_american Wrote: (04-17-2015 09:45 AM)Attackcoog Wrote: (04-15-2015 10:10 AM)CommuterBob Wrote: http://theamerican.org/news/2015/4/15/FB...54048.aspx
Quote:The inaugural Miami Beach Bowl generated quantifiable economic impacts to the Miami-Dade County economy. According to the Washington Economics Group the newest annual event on Miami's sports and tourism calendar generated a total economic impact of $20 million. Additionally, in total, 205 jobs were estimated to be created either directly or indirectly throughout Miami-Dade County by the 2014 Miami Beach Bowl. The report also stated that initial impacts are expected to grow as the new bowl becomes established.
Quote:The detailed executive summary report tallied an exposure value of $20,400,686.17 as a result from national television (ESPN), on-site impact, advertising promotions, television media, print media and internet news.
But no word on how much the AAC made off the bowl.
That's really the bigger issue. My guess is they did as well as any other small lower tier bowl. But I would like to know what the payout was and if we have a plan for making he payout high enough to attract a P5 opponent in the next bowl cycle.
Since we own it is their even a payout or do we get what ever is left after we pay our opponent and all the expenses? Honestly no idea how it works when we own it.
Good point, so key issue is what we paid BYU.
I bet there really was no payout.
There likely is. We didn't require Memphis to go the bowl, pay all their own expenses, and receive no payout. At the very least, we paid the Tigers expenses. My guess is the bowl paid out about $300-400K each. It probably made a profit because virtually all these small bowls make their break even money on the TV contract. The other revenue streams are gravy. Theres not much support staff or overhead, so my guess is the bowl will do fine. Its not going to be rolling in cash, but it will likely be more financially healthy than most bowls precisely because it is conference owned and there is no middle man siphoning off cash. The key for success here is to reinvest any profits (and maybe siphon off 500K to 1 million a year in our share of CFP money) to build a Miami Beach Bowl Fund that would grow over the rest of this bowl cycle. That would give us somewhere around 5 million to upgrade the payout for the bowl enough to get a P5 opponent in the next bowl cycle.
(This post was last modified: 04-17-2015 12:07 PM by Attackcoog.)
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04-17-2015 12:01 PM |
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