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Coastal Carolina's Troubles with New Stadium
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Niner National Offline
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Post: #141
RE: Coastal Carolina's Troubles with New Stadium
(07-13-2016 09:17 AM)THUNDERGround Wrote:  
(07-12-2016 08:31 PM)banker Wrote:  
(07-12-2016 04:17 PM)ODU Oldtimer Wrote:  
(07-12-2016 01:28 PM)banker Wrote:  
(07-12-2016 12:30 PM)Georgia_Power_Company Wrote:  School/2015 student athletic fee/2014 student athletic fee/% change

The Citadel/$2,486/$2,392/+3.9%

S.C. State/$2,128/$2,192/-2.9%

Winthrop/$1,520/$1,450/+4.8%

C of C/$1,246/$1,210/+2.9%

USC Upstate/$1,020/$950/+7.3%

Coastal Carolina/$530/$350/+51.4%

South Carolina/$104/$104/0

Clemson/$0/$0/0

Student athletic fees in South Carolina per an article in the Charleston paper: http://www.postandcourier.com/20160419/1...h-carolina

How many CUSA schools only charge $530 a year to your students?

Coastal reported $4,257,660 in student fees in 2015. So your number looks right if they have around 8,000 students.

Marshall reported $4,100,749 in student fees. Marshall has an undergrad enrollment of 9,536, which equates to fees of $430. So there's one CUSA school. Southern Miss has 12,005 undergrads and reported $6,083,000 in student fees, so that's $507 per student making it two CUSA schools.

Those are the only 2 I looked at, if others want to check their school they can.

Coastal's issue is that they have only broken a half million in ticket sales once and have never broken $1.2MM in contributions. As an athletic program you can completely control two sources of revenue, selling tickets and getting donations. From those two sources Coastal's best year has been a total of $1.8MM. Charlotte is in the $7MM range for those two items annually, ODU is in the $8MM-$9MM range. App State is over $5MM. That's where you should at least be. GSU is around that $2MM mark, which is also too low and needs to be focused on.

FYI
ODU actually had income of over $14 million in 2015

year .....School........ticket sales ........Donations .....rights/licensing....Total
2015....Old Dominion.......$3,856,010 ..... $5,310,592....$4,924,241......$14,090,843
2015.....Marshall............$3,484,027...... $3,669,735..... $5,834,799 ....$12,988,561
2015......Charlotte..........$1,573,256..... $4,393,765.... $4,169,596.......$10,136,607
2015......Appalachian State ....$1,604,339 ....$3,792,320 ....$2,941,880 ...$8,338,539
2015.....Georgia Southern.... $1,057,398 ....$1,263,820 ....$2,349,561....$4,670,779
2015....Coastal Carolina.....$624,752.... $1,160,206.... $1,949,354.........$3,750,310

Link.... http://sports.usatoday.com/ncaa/finances/

Now,don't go getting defensive. I clearly stated the two revenue sources are fully within your control and those are the two I was looking at. Rights/Licensing are only partially within your school's control, as evidenced by our TV contract. That's why I didn't include it. It would have been advantageous as a Marshall fan to include it since our IMG deal and merchandising dollars are higher (the part we control), but I was interested in seeing how the recent move-ups compared based solely on the donations and ticket sales.

What I find interesting is that ODU brought in more revenue from ticket sales even though we averaged almost 4000 more per game. How much are their tickets???

Not sure how many suites Marshall has, but ODU has 26 luxury suites, and I'm pretty sure I read in the past that those are $50,000/yr. If accurate, that alone is $1.3 million in ticket sales.

Throw in their very good basketball attendance and suites at The TED, and they probably pull in more basketball ticket sales than anyone in the conference.

The small stadium size and waiting list for tickets has allowed ODU to raise ticket prices and require donations to prevent loss of the right to purchase season tickets.

A large stadium that you can't sell out can actually be detrimental to ticket revenue because some people will just opt to forgo donations because they know they can get a season ticket or single game tickets without any problems. At ODU, if you want to go to the game, you pretty much need to buy a season ticket (unless you buy on the secondary market) and if you want to buy a season ticket, you better make your donations.

Parking is also all controlled by ODU I believe. I don't know if that goes into ticket sales or not, but parking can generate a fair amount of revenue. At Charlotte, one of the premier lots requires a minimum annual donation of $500. If you want the lot closest to the stadium, you must donate a minimum of $2,500. There are then parking pass fees on top of that.

With Marshall just sorta being in the middle of Huntington, I suspect most of the lots around the stadium are privately owned and Marshall isn't getting revenue from that.
07-13-2016 09:32 AM
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mturn017 Offline
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Post: #142
RE: Coastal Carolina's Troubles with New Stadium
Yeah basketball and suite sales are my best guesses. Ticket demand has waned in recent years so that there's no waiting list and you can buy season tickets without donations, granted they're not good seats, but the luxury suite demand has stayed high by my understanding.
07-13-2016 09:58 AM
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ODU Oldtimer Offline
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Post: #143
RE: Coastal Carolina's Troubles with New Stadium
(07-13-2016 09:32 AM)Niner National Wrote:  
(07-13-2016 09:17 AM)THUNDERGround Wrote:  
(07-12-2016 08:31 PM)banker Wrote:  
(07-12-2016 04:17 PM)ODU Oldtimer Wrote:  
(07-12-2016 01:28 PM)banker Wrote:  Coastal reported $4,257,660 in student fees in 2015. So your number looks right if they have around 8,000 students.

Marshall reported $4,100,749 in student fees. Marshall has an undergrad enrollment of 9,536, which equates to fees of $430. So there's one CUSA school. Southern Miss has 12,005 undergrads and reported $6,083,000 in student fees, so that's $507 per student making it two CUSA schools.

Those are the only 2 I looked at, if others want to check their school they can.

Coastal's issue is that they have only broken a half million in ticket sales once and have never broken $1.2MM in contributions. As an athletic program you can completely control two sources of revenue, selling tickets and getting donations. From those two sources Coastal's best year has been a total of $1.8MM. Charlotte is in the $7MM range for those two items annually, ODU is in the $8MM-$9MM range. App State is over $5MM. That's where you should at least be. GSU is around that $2MM mark, which is also too low and needs to be focused on.

FYI
ODU actually had income of over $14 million in 2015

year .....School........ticket sales ........Donations .....rights/licensing....Total
2015....Old Dominion.......$3,856,010 ..... $5,310,592....$4,924,241......$14,090,843
2015.....Marshall............$3,484,027...... $3,669,735..... $5,834,799 ....$12,988,561
2015......Charlotte..........$1,573,256..... $4,393,765.... $4,169,596.......$10,136,607
2015......Appalachian State ....$1,604,339 ....$3,792,320 ....$2,941,880 ...$8,338,539
2015.....Georgia Southern.... $1,057,398 ....$1,263,820 ....$2,349,561....$4,670,779
2015....Coastal Carolina.....$624,752.... $1,160,206.... $1,949,354.........$3,750,310

Link.... http://sports.usatoday.com/ncaa/finances/

Now,don't go getting defensive. I clearly stated the two revenue sources are fully within your control and those are the two I was looking at. Rights/Licensing are only partially within your school's control, as evidenced by our TV contract. That's why I didn't include it. It would have been advantageous as a Marshall fan to include it since our IMG deal and merchandising dollars are higher (the part we control), but I was interested in seeing how the recent move-ups compared based solely on the donations and ticket sales.

What I find interesting is that ODU brought in more revenue from ticket sales even though we averaged almost 4000 more per game. How much are their tickets???

Not sure how many suites Marshall has, but ODU has 26 luxury suites, and I'm pretty sure I read in the past that those are $50,000/yr. If accurate, that alone is $1.3 million in ticket sales.

Throw in their very good basketball attendance and suites at The TED, and they probably pull in more basketball ticket sales than anyone in the conference.

The small stadium size and waiting list for tickets has allowed ODU to raise ticket prices and require donations to prevent loss of the right to purchase season tickets.

A large stadium that you can't sell out can actually be detrimental to ticket revenue because some people will just opt to forgo donations because they know they can get a season ticket or single game tickets without any problems. At ODU, if you want to go to the game, you pretty much need to buy a season ticket (unless you buy on the secondary market) and if you want to buy a season ticket, you better make your donations.

Parking is also all controlled by ODU I believe. I don't know if that goes into ticket sales or not, but parking can generate a fair amount of revenue. At Charlotte, one of the premier lots requires a minimum annual donation of $500. If you want the lot closest to the stadium, you must donate a minimum of $2,500. There are then parking pass fees on top of that.

With Marshall just sorta being in the middle of Huntington, I suspect most of the lots around the stadium are privately owned and Marshall isn't getting revenue from that.

ODU's ticket prices have always been able to get premium amounts. In addition to our Luxury suites....26 ($50,000), the 475 loge seats, located underneath the luxury suites, increased to $3,000 per seat. Premium seats are available for $1,200 apiece.

In spite of the price increases, there are waiting lists for luxury suites and loge seating.
(This post was last modified: 07-13-2016 10:14 AM by ODU Oldtimer.)
07-13-2016 10:12 AM
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THUNDERStruck73 Offline
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Post: #144
RE: Coastal Carolina's Troubles with New Stadium
Well, that makes sense... I wasn't even considering basketball.

And Marshall's lot at the stadium is pretty big, and I believe the other places on any Marshall property is controlled by Marshall (East and West lots, Dot Hicks, Henderson Center, etc...) But yes, there are quite a few private entities as well.
07-13-2016 10:22 AM
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Niner National Offline
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Post: #145
RE: Coastal Carolina's Troubles with New Stadium
(07-13-2016 10:22 AM)THUNDERGround Wrote:  Well, that makes sense... I wasn't even considering basketball.

And Marshall's lot at the stadium is pretty big, and I believe the other places on any Marshall property is controlled by Marshall (East and West lots, Dot Hicks, Henderson Center, etc...) But yes, there are quite a few private entities as well.
Ah okay, I am a little surprised Marshall owns lots around the stadium. I figured it'd be more like the Carolina Panthers set up where the team gets no parking revenue since it is just in the middle of the city surrounded by privately owned parcels.
07-13-2016 10:26 AM
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THUNDERStruck73 Offline
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Post: #146
RE: Coastal Carolina's Troubles with New Stadium
They own the lots of Marshall facilities adjacent or across from the stadium... Don't get me wrong, on certain sides of the stadium there are private lots... But there are University facilities/properties sprinkled in.
07-13-2016 11:36 AM
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banker Offline
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Post: #147
RE: Coastal Carolina's Troubles with New Stadium
I think you guys are mixing ticket sales and required donations together. For example, a west lot pass (the one right in front of the stadium) is only $150 for the year, but it requires a minimum $1,000 donation. So the $150 would be in ticket sales and the $1,000 would be in donations. Same with the chairbacks the $300 per seat donation part goes to donations, the actual ticket price is $326.

I'm not sure how they count the box revenue. Our smaller boxes are $25,000 plus ticket price for the box capacity. Larger boxes are $50,000 + tickets, not sure what the new third level boxes go for, never asked.

My guess is ODU pulls a lot more than Marshall from the basketball suites, ours aren't that great.
07-13-2016 03:55 PM
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aac4life Offline
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Post: #148
RE: Coastal Carolina's Troubles with New Stadium
(07-09-2016 09:49 PM)ODU AGGIE Wrote:  It looks more and more like we have some pretty smart people making decisions at ODU. Here is a new article from Harry Minium on the troubles that Coastal is having in moving forward with their stadium. There seems to even be concern that the move to the Sun Belt could be short lived if things don't get sorted out. In the mean time, they will be moving into the FBS with a 9,000 seat stadium. It may be awhile before we see Phase II of our stadium, but the fact that we are moving forward with Phase I with no problems anticipated from the legislature speaks volumes.

http://pilotonline.com/sports/college/ol...ed1f2.html


Since your link is dead: http://pilotonline.com/sports/college/ol...ed1f2.html
07-14-2016 11:16 AM
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