(09-23-2014 11:35 AM)adcorbett Wrote: (09-23-2014 11:03 AM)quo vadis Wrote: Now from the Rose Bowl perspective though, selling off the name would instantly destroy much of the value of the bowl game. They are worth more to TV, fans, etc because of the name and by selling it, they'd lose far more than they'd gain in the extra sponsorship value.
I see a basic contradiction between what I bolded in black and in red. If the latter is true (and I believe it is) that the name "Rose" gives the bowl more value to fans and TV, then it would also be true for the sponsor as well:
If so then why does the Rose Bowl, the biggest of them all, collect less from sponsorship deals than the other three BCS bowls? Despite being the bigger bowl? Here are the sponsor rates as of 2013:
Code:
2012-13 College Football Bowl Game Sponsorship
Game Date Bowl Location Title/Presenting Fee
12/15 Gildan New Mexico Bowl Albuquerque, N.M. $350,000
12/15 Famous Idaho Potato Bowl Boise, Idaho $350,000
12/20 San Diego County Credit Union Poinsettia Bowl San Diego $400,000
12/21 Beef 'O'Brady's Bowl St. Petersburg St. Petersburg, Fla. $375,000
12/22 R+L Carriers New Orleans Bowl New Orleans $400,000
12/22 MAACO Bowl Las Vegas Las Vegas $500,000
12/24 Sheraton Hawaii Bowl Honolulu, Hawaii $450,000
12/26 Little Caesars Pizza Bowl Detroit $500,000
12/27 Military Bowl presented by Northrop Grumman Washington, D.C. $350,000
12/27 Belk Bowl Charlotte, N.C. $400,000
12/27 Bridgepoint Education Holiday Bowl San Diego $500,000
12/27 AdvoCare V100 Independence Bowl Shreveport, La. $400,000
12/27 Russell Athletic Bowl Orlando $500,000
12/28 Meineke Car Care Bowl of Texas Houston $1 million
12/29 Bell Helicopter Armed Forces Bowl Fort Worth, Texas $750,000
12/29 New Era Pinstripe Bowl New York City $2 million
12/29 Kraft Fight Hunger Bowl San Francisco $1 million
12/29 Valero Alamo Bowl San Antonio $2 million
12/29 Buffalo Wild Wings Bowl Tempe, Ariz. $2 million
12/31 Franklin American Mortgage Music City Bowl Nashville, Tenn. $750,000
12/31 Hyundai Sun Bowl El Paso, Texas $1 million
12/31 AutoZone Liberty Bowl Memphis, Tenn. $1 million
12/31 Chick-fil-A Bowl Atlanta $2.5 million
1/1 Heart of Dallas Bowl presented by PlainsCapital Bank Dallas $350,000
1/1 TaxSlayer.com Gator Bowl Jacksonville, Fla. $2 million
1/1 Capital One Bowl Orlando, Fla. $2.5 million
1/1 Outback Bowl Tampa, Fla. $3 million
1/1 Rose Bowl Game presented by Vizio Pasadena, Calif. $15 million*
1/1 Discover Orange Bowl Miami $16 million*
1/2 Allstate Sugar Bowl New Orleans $17.5 million*
1/3 Tostitos Fiesta Bowl Glendale, Ariz. $17.5 million*
1/4 AT&T Cotton Bowl Classic Arlington, Texas $3 million
1/ 5 BBVA Compass Bowl Birmingham, Ala. $2 million
1/6 GoDaddy.com Bowl Mobile, Ala. $1 million
1/7 Discover BCS National Championship Game Miami See Discover Orange Bowl
*Includes season-long ad buy on ESPN and right to title national championship game every four years.
Also note how historically significant the Cotton Bowl, the Peach Bowl, and the Citrus Bowl are, and how much less money the bring in.
And two of them the sponsors chose to fully take over the name, as opposed to associate with the brand name of the bowl. The Chik Fil-A Peach bowl or the Capitol One Citrus Bowl bring a lot more brand awareness as then people know those are old school big bowls. Yet instead, they chose to remove that well known name to ensure that their name is what is always talked about. Same thing with the BCS bowls. Those bowls had the clout to say "we're keeping our name," but you can go over the top. They still get some of the awareness, while the bowl keeps it's identity. The Rose Bowl opted not to go that way, and as a result sells their title for $1.5 million less than three less valuable bowls. One thing to remember is the bowl names are ties to year long media sponsorship deals. I saw an article on it somewhere, but those deals include a lot of additional advertisement, but locally on the ground in terms of signage, and nationally, that go year round, especially for the BCS Bowls. The title sponsorship is almost an afterthought, but also shows why the other three make $1-$1.5 million more than the Rose, which should make MORE than them on standing alone.
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First, I don't think the Peach or Citrus bowls have anything near the old-school or any other type of brand value as the Cotton bowl, which explains why the Cotton has never changed its name - probably because sponsors want to be associated with the Cotton name, not wipe it out.
Second, you seem to miss the big point of your data, which is that despite having the weakest form of sponsor naming, the Rose still command WAY WAY more money than any of the minor bowls. That shows the value of the Rose name.
In contrast, the comparison between the Rose and the other three major bowls is far less important: Yes, we would expect the Rose to make slightly more than any other major bowl, as it is the "granddaddy of them all" but instead makes slightly less, because it doesn't put the sponsor's name in the spotlight as much as do the Sugar, Orange, and Fiesta bowls. That makes sense and doesn't contradict my view. The Rose is obviously willing to trade off a couple million dollars in order to maintain the primacy of its name in the title, while the other bowls value those couple of millions more.
But big picture, what isn't undermined by this data is my notion that the sponsors want their names affiliated with, mentioned in the same breath with, the iconic bowl names, but do not to kill their brand value by wiping those names out, whereas with the minor bowls, where the original name has no brand value, well, then it makes sense to wipe them out.
Don't get me wrong: I agree that IF the sponsors thought that changing the Rose Bowl name to say the ATT Bowl would be possible without the loss of substantial value due to the absence of the "Rose" name from the title, than of course they would want to do that.
But i just don't believe that they believe that.