...you really can't afford NOT to!

Regarding the "Battle of Bristol" football game between Tennessee and Virginia Tech:

Quote:Virginia Tech will receive... a minimum of $4.3 million.

http://accfootballrx.blogspot.com/2016/0...bucks.html

how much economic impact on blacksburg metro for 1 football game? think its a lot more than $4.3 M

(04-27-2016 10:14 AM)Hokie Mark Wrote:  ...you really can't afford NOT to!

Regarding the "Battle of Bristol" football game between Tennessee and Virginia Tech:

Quote:Virginia Tech will receive... a minimum of $4.3 million.

http://accfootballrx.blogspot.com/2016/0...bucks.html

Not disagreeing with you, but not certain on if the math is simple.


I have heard figures as high as $7 Million for what financial impact an FSU game has in Tally.

So it's decision time... $7 million into the local economy with only $1M of that going to the school
OR $4.3 million going to the school (but none to the rest of the local community).

I know, it totally stinks for the local restaurants and hotels, but it is what it is.

http://www.cnbcprime.com/the-profit/

The ink is drying on the contract. It’s happening.

However you want to say it, Miami and Florida will renew their rivalry — for one more game, at least.

The game, televised by ESPN, will be held at the place formerly known as Orlando's Citrus Bowl. It is now known as Camping World Stadium.

Camping World Chairman and CEO Marcus Lemonis, a UM fan
-- palmbeachpost

THE PROFIT

Louisville got 3.5 for playing Auburn last year in Atlanta. We will 2.75 to play Alabama in Orlando to open the 2018 season. The Va Tech vs. UT match-up in Bristol is a whole other animal. That will be an event. One that should be played every season, in my opinion, much like the cocktail party down in Jacksonville.

I want tickets to this one myself. My daughter played college basketball at Milligan in nearby Johnson City. I already have her scouring contacts looking for me some seats.
CJ

(04-27-2016 10:47 AM)Hokie Mark Wrote:  So it's decision time... $7 million into the local economy with only $1M of that going to the school
OR $4.3 million going to the school (but none to the rest of the local community).

I know, it totally stinks for the local restaurants and hotels, but it is what it is.

I agree in a sense...I care only about what the school pockets, but it gets more complicated for FSU.

Much of the development around FSU's stadium is now owned by FSU Boosters (College Town Phase 1 & 2, etc), not to mention new luxury boxes. These are recent attempts by FSU to diversify revenue.....but they are directly tied to having games in Tally.

Also, if you look at FSU's numbers just off of tickets and did some basic math....75K tickets times and average of $40.....your are at around $3 Million...not $1 Million.

Again, not disagreeing with you at all.......FSU is definitely going the neutral site route......just think the math is more complicated.

(04-27-2016 10:47 AM)Hokie Mark Wrote:  So it's decision time... $7 million into the local economy with only $1M of that going to the school
OR $4.3 million going to the school (but none to the rest of the local community).

I know, it totally stinks for the local restaurants and hotels, but it is what it is.

Is it VT's responsibility to keep BB and Christiansburg in the black?. VT's duty is to VT. Beside if not for the univeristy, BB would be Floyd Va.

(04-27-2016 12:13 PM)nole Wrote:  

(04-27-2016 10:47 AM)Hokie Mark Wrote:  So it's decision time... $7 million into the local economy with only $1M of that going to the school
OR $4.3 million going to the school (but none to the rest of the local community).

I know, it totally stinks for the local restaurants and hotels, but it is what it is.

I agree in a sense...I care only about what the school pockets, but it gets more complicated for FSU.

Much of the development around FSU's stadium is now owned by FSU Boosters (College Town Phase 1 & 2, etc), not to mention new luxury boxes. These are recent attempts by FSU to diversify revenue.....but they are directly tied to having games in Tally.

Also, if you look at FSU's numbers just off of tickets and did some basic math....75K tickets times and average of $40.....your are at around $3 Million...not $1 Million.

Again, not disagreeing with you at all.......FSU is definitely going the neutral site route......just think the math is more complicated.

When I wrote $1 Million I was thinking NET, not GROSS. If FSU grosses $3M, what are the expenses associated with a home game?

Again, nothing wrong with supporting the local community - in fact, it's admirable. Just have to acknowledge that neutral site games are often much more profitable.

When SU was in the BE, they used to play one neutral site game a year at the Meadowlands, with SU being the home team. SU had to do this because of the paltry BE tv contract. ESPN guaranteed SU $5 million per year for those games. That is a lot more money than SU would have cleared playing those same games at the Dome. The AD wasn't too worried about the local economy, as long as SU was getting that kind of paper. Besides, they had five to six other games for the local economy to benefit from.

(04-27-2016 02:01 PM)cuseroc Wrote:  When SU was in the BE, they used to play one neutral site game a year at the Meadowlands, with SU being the home team. SU had to do this because of the paltry BE tv contract. ESPN guaranteed SU $5 million per year for those games. That is a lot more money than SU would have cleared playing those same games at the Dome. The AD wasn't too worried about the local economy, as long as SU was getting that kind of paper. Besides, they had five to six other games for the local economy to benefit from.

Yep. Also, keep in mind where the bulk of that extra money will be spent, too.

Neutral site games are cool, but it can't be an "Every Year" kinda thing.
FLossY Out...

Granted we are at a different point in our program building from programs like FSU and VaTech that have played for and won national titles but neutral site games offer more than big paydays.

Louisville looks at these games as an opportunity to grow our fan base. Recently we have played regular season games in Nashville (MTSU) and Atlanta (Auburn). We have a game scheduled in Indianapolis (Purdue) and Orlando (Alabama). There has been talk of a game in Cincinnati against Ohio State but that has not happened yet.
CJ

(04-27-2016 12:51 PM)Hokie Mark Wrote:  

(04-27-2016 12:13 PM)nole Wrote:  

(04-27-2016 10:47 AM)Hokie Mark Wrote:  So it's decision time... $7 million into the local economy with only $1M of that going to the school
OR $4.3 million going to the school (but none to the rest of the local community).

I know, it totally stinks for the local restaurants and hotels, but it is what it is.

I agree in a sense...I care only about what the school pockets, but it gets more complicated for FSU.

Much of the development around FSU's stadium is now owned by FSU Boosters (College Town Phase 1 & 2, etc), not to mention new luxury boxes. These are recent attempts by FSU to diversify revenue.....but they are directly tied to having games in Tally.

Also, if you look at FSU's numbers just off of tickets and did some basic math....75K tickets times and average of $40.....your are at around $3 Million...not $1 Million.

Again, not disagreeing with you at all.......FSU is definitely going the neutral site route......just think the math is more complicated.

When I wrote $1 Million I was thinking NET, not GROSS. If FSU grosses $3M, what are the expenses associated with a home game?

Again, nothing wrong with supporting the local community - in fact, it's admirable. Just have to acknowledge that neutral site games are often much more profitable.

Why are you only considering the net on home games and not the net on neutral site games? It costs a ton of money to take a team on the road.

(04-27-2016 10:47 AM)Hokie Mark Wrote:  So it's decision time... $7 million into the local economy with only $1M of that going to the school
OR $4.3 million going to the school (but none to the rest of the local community).

I know, it totally stinks for the local restaurants and hotels, but it is what it is.

Why would a school care about the economic effect on local businesses? I'm sure any school is happy to see local businesses prosper but that's not a school's responsibility.

(04-27-2016 03:21 PM)Kaplony Wrote:  

(04-27-2016 12:51 PM)Hokie Mark Wrote:  

(04-27-2016 12:13 PM)nole Wrote:  

(04-27-2016 10:47 AM)Hokie Mark Wrote:  So it's decision time... $7 million into the local economy with only $1M of that going to the school
OR $4.3 million going to the school (but none to the rest of the local community).

I know, it totally stinks for the local restaurants and hotels, but it is what it is.

I agree in a sense...I care only about what the school pockets, but it gets more complicated for FSU.

Much of the development around FSU's stadium is now owned by FSU Boosters (College Town Phase 1 & 2, etc), not to mention new luxury boxes. These are recent attempts by FSU to diversify revenue.....but they are directly tied to having games in Tally.

Also, if you look at FSU's numbers just off of tickets and did some basic math....75K tickets times and average of $40.....your are at around $3 Million...not $1 Million.

Again, not disagreeing with you at all.......FSU is definitely going the neutral site route......just think the math is more complicated.

When I wrote $1 Million I was thinking NET, not GROSS. If FSU grosses $3M, what are the expenses associated with a home game?

Again, nothing wrong with supporting the local community - in fact, it's admirable. Just have to acknowledge that neutral site games are often much more profitable.

Why are you only considering the net on home games and not the net on neutral site games? It costs a ton of money to take a team on the road.

I would guess it's MUCH cheaper to travel (especially if you can drive rather than fly). Putting on a home game must cost a small fortune... but if you have numbers, I'd love to see them!