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Empty Seats - aka Lost Revenue - will force the AD's hand
Posted on 9/24/17 at 10:12 am
Posted on 9/24/17 at 10:12 am
The thing that will force our AD (or whoever fires the AD a la Nebraska) to make a change at head coach is not wins and losses. It's lost revenue. There were a lot of empty seats to begin with at the game last night. It must not have been a sellout, because the top corners of the upper deck were vacant. That, and folks leaving early will reduce the concession revenue.
At some point, they will be able to project out a revenue shortfall that is in line with Orgeron's buyout. According to this NCAA Athletics Revenue LSU brought in about $142 Million in 2015-16. The $12 Million represents less than 10% of that, and surely it is spread out over a number of years, so that it would be more along the lines of $3 or $4 Million per year.
It does not take that many empty seats and short lines at concessions to reach $4 million per year, you know.
At some point, they will be able to project out a revenue shortfall that is in line with Orgeron's buyout. According to this NCAA Athletics Revenue LSU brought in about $142 Million in 2015-16. The $12 Million represents less than 10% of that, and surely it is spread out over a number of years, so that it would be more along the lines of $3 or $4 Million per year.
It does not take that many empty seats and short lines at concessions to reach $4 million per year, you know.
13
Posted on 9/24/17 at 10:16 am to Tiger Phil
Then we will be paying TWO chuckleheads to sit at home and not coach.
Just how many zombies you think LSU can fund on the payroll??
Just how many zombies you think LSU can fund on the payroll??
Posted on 9/24/17 at 10:17 am to Tiger Phil
Fresh topic. Thanks for a new perspective, guy.
Posted on 9/24/17 at 10:17 am to Tiger Phil
Outside of what Syracuse returned, the vast majority of those empty seats are bought and paid for as season tickets. As far as the concession goes, I don't believe LSU makes more or less on a per game basis, they have a fixed contract with Aramark or whoever it is that does the concessions now.
Until season ticket and suite/club sales drop, nothing will be done
Until season ticket and suite/club sales drop, nothing will be done
Posted on 9/24/17 at 10:18 am to Tiger Phil
You can stop buying LSU merchandise, as well.
Posted on 9/24/17 at 10:21 am to BEATIGER
You can't look at is as "we are paying two people to not coach LSU". You have to look at it as we have two choices:
1) Allow the current regime to continue, predicting the on-field and financial ramifications
2) Terminate their contracts and seek different leadership for the football program, with different (certainly better) on-field and financial ramifications
Everyone has said, OMG, $12 Million! But if it is spread out over even 3 years, then it is only 3% of our revenue ($425 million) going towards it. Will the current regime cost us 3% of overall revenue? If the answer is yes, then they *should* make the change.
1) Allow the current regime to continue, predicting the on-field and financial ramifications
2) Terminate their contracts and seek different leadership for the football program, with different (certainly better) on-field and financial ramifications
Everyone has said, OMG, $12 Million! But if it is spread out over even 3 years, then it is only 3% of our revenue ($425 million) going towards it. Will the current regime cost us 3% of overall revenue? If the answer is yes, then they *should* make the change.
Posted on 9/24/17 at 10:23 am to OldManRiver
quote:
Outside of what Syracuse returned, the vast majority of those empty seats are bought and paid for as season tickets.
I saw whole corners of the upper deck vacant. I figured those were unsold tickets. I could be wrong.
Posted on 9/24/17 at 10:24 am to iluvlsusports
quote:
You can stop buying LSU merchandise, as well.
Just fricking stop. Yeah, don't buy a $20 t-shirt.
Posted on 9/24/17 at 10:24 am to Tiger Phil
I'm not 100% sure either. I sit in the EU, and outside of true "big time" SEC games, the corners are always empty. I don't know if that's where we block off for visitors, and the crap arse OOC teams we play at home never use them, or if they are single game tickets LSU fans never buy.
Posted on 9/24/17 at 10:25 am to Tiger Phil
All of those empty seats are mostly paid for.
The true telling will be next years season ticket new sales/renewals.
The true telling will be next years season ticket new sales/renewals.
Posted on 9/24/17 at 10:25 am to Tiger Phil
Like it or not, you have this head coach and his staff for this season and next.
The buyout was idiotic Alleva at his finest.
O would have licked the highway from Larose to Baton Rouge to coach at LSU for $400K/ year and a case of Red Bull. I can't fathom why Jumpin Joe gave him a buyout in his contract.
The buyout was idiotic Alleva at his finest.
O would have licked the highway from Larose to Baton Rouge to coach at LSU for $400K/ year and a case of Red Bull. I can't fathom why Jumpin Joe gave him a buyout in his contract.
Posted on 9/24/17 at 10:30 am to BEATIGER
quote:
The buyout was idiotic Alleva at his finest.
I read in another thread that argued that the buyout was protection for Alleva as well. He reasoned that 1 poor year from Orgeron could force both O and Alleva out. But a hefty buyout after only 1 year gives them both job security.
I am sure, however, that the thinking behind that was "if we sink to 8-4, I can't be forced to fire him and admit my mistake". If we sink lower than that, at some point it will be inevitable to release him.
PLUS, no buyout in today's coaching climate could be used against any coach in recruiting.
Posted on 9/24/17 at 10:31 am to pellietigersaint
quote:
Just fricking stop. Yeah, don't buy a $20 t-shirt.
wait so tee shirt sales or lack thereof would not add up like loss of concessions? really? This is teh same mentality of voters who say i am only one vote my vote won't matter!
Posted on 9/24/17 at 10:34 am to Tiger Phil
quote:
I saw whole corners of the upper deck vacant. I figured those were unsold tickets. I could be wrong.
there are very few seats in TS that are not sold annually to long time season ticket holders. There is a waiting list for season tickets for most sections.
The amount of seats not owned by season ticket holders is in significant relative to the total
Posted on 9/24/17 at 10:35 am to Tiger Phil
Ok. Thanks for the revelation.
So Joe is totally self-interested. . . I get it.
Poor results are going to be waaay more detrimental to recruiting than someone worried about whether HC has a buyout clause or not. . . Just sayin
So Joe is totally self-interested. . . I get it.
Poor results are going to be waaay more detrimental to recruiting than someone worried about whether HC has a buyout clause or not. . . Just sayin
Posted on 9/24/17 at 10:37 am to anne
money talks
Posted on 9/24/17 at 10:37 am to Tiger Phil
It's good to see empty seats. LSU fans should not be supporting this shite show administration. It sucks because it hurts the players but it's a necessary evil to get change to happen. However, I doubt they lost revenue from empty seats. It was probably a lot of season ticket holders who did not even go. I haven't been to an LSU game in a few years now and don't plan to until Orgeron is gone and so is Alleva with the admin cleaned out. They get no more of my money and I'm only one person but I'd rather sit in front of the TV drinking beer. I did the same to Saints. I'm not supporting either until changes are made. Neither team is entertaining and it just boggles my mind a top 5 revenue athletic program like LSU hires O as their coach.
Bleeding has been happening for years at LSU and due to the terrible Coach O hire we are probably set back for many years now maybe a decade. Recruiting right now is already mediocre so miles well stop the bleeding ASAP rather than let this inevitable shite show keep going. If recruiting has to suffer more now so be it at least it will not bleed for 5 consecutive years.
Bleeding has been happening for years at LSU and due to the terrible Coach O hire we are probably set back for many years now maybe a decade. Recruiting right now is already mediocre so miles well stop the bleeding ASAP rather than let this inevitable shite show keep going. If recruiting has to suffer more now so be it at least it will not bleed for 5 consecutive years.
This post was edited on 9/24/17 at 10:39 am
Posted on 9/24/17 at 10:48 am to anne
quote:
There is a waiting list for season tickets for most sections
I don't believe this for 1 second
This is not a good look
Posted on 9/24/17 at 11:24 am to Tiger Phil
quote:
Empty Seats - aka Lost Revenue - will force the AD's hand
Based on the AD's record, why would you want that? Force the AD's resignation instead.
Posted on 9/24/17 at 11:32 am to Tiger Phil
Not with Les' buyout and the potential O buyout. Not for at least two more years. A huge number of those empty seats are pre-sold and with the inflated cost of the tickets and the "voluntary" donation to TAF, they don't give a shite if people show up or not, at least not for a while. When DiNardo was fired, Dr. Loren Scott, a well known and respected economist did a study of the financial impact of a losing LSU season on the Baton Rouge economy. It was an impressive loss and finally forced the University's hand.
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