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Net Effect of the Florida deal
Posted on 10/14/16 at 12:57 am
Posted on 10/14/16 at 12:57 am
Let me get this straight.
You guys traded locations on two games: an away game with Florida next year for a home game with Florida this year. This part should be a wash for both university dollars and local economy dollars.
You guys lost the home game with S. Alabama. This hurts university dollars and local economy dollars.
You guys have to pay S. Alabama to buy out the date. This hurts university dollars.
Florida gets to use their insurance for this year's game. Are they reimbursing you with that money or is LSU and Baton Rouge just getting screwed here?
Edit: The net effect over this season and next is LSU and Baton Rouge lose one (home) game and LSU also pays to buy out the S. Alabama game.
Edit #2: roger79 said: "LSU traded a night home game for a day home game in 2016" and Jeff Goldblum said: "You forgot to mention another downside. Without the South Alabama game (win we assume) we will have a tougher time qualifying for a bowl game."
Both good points.
I think the crux of it is what I posted in a reply further down:
You guys traded locations on two games: an away game with Florida next year for a home game with Florida this year. This part should be a wash for both university dollars and local economy dollars.
You guys lost the home game with S. Alabama. This hurts university dollars and local economy dollars.
You guys have to pay S. Alabama to buy out the date. This hurts university dollars.
Florida gets to use their insurance for this year's game. Are they reimbursing you with that money or is LSU and Baton Rouge just getting screwed here?
Edit: The net effect over this season and next is LSU and Baton Rouge lose one (home) game and LSU also pays to buy out the S. Alabama game.
Edit #2: roger79 said: "LSU traded a night home game for a day home game in 2016" and Jeff Goldblum said: "You forgot to mention another downside. Without the South Alabama game (win we assume) we will have a tougher time qualifying for a bowl game."
Both good points.
I think the crux of it is what I posted in a reply further down:
quote:
If you guys are getting a home with Florida this year but having to give up your home with Florida next year-- net effect on that point is zero. Some may argue this is actually a loss because you're giving up a night home game in exhange for a day home game.
Then on top of that you're losing ANOTHER home game vs. S Alabama. Then on top of that you're having to pay $1.5 million to buy out the S. Alabama game. I just don't see how this is a good deal for LSU at all.
If you guys had said no then you'd have kept the home game vs S. Alabama, kept the $1.5 million you're now paying them, kept the night home game vs. Florida next year, had one extra home game for the businesses in Baton Rouge (over this season and next), and lost only an away game vs. Florida this year.
This post was edited on 10/14/16 at 9:10 am
28
Posted on 10/14/16 at 12:59 am to fiercey
I don't know
Posted on 10/14/16 at 1:01 am to fiercey
We would have played a home game on Nov. 19 either way. Its true we don't get them at home next year, but that's why they call it concessions. Both teams had to give up something to make it fair, even though this wouldn't have been an issue if they would have made contingency plans in the first place. It is what it is.
Posted on 10/14/16 at 1:01 am to fiercey
quote:
LSU and Baton Rouge just getting screwed here
This. People are all excited we get Florida at home this year, but aren't thinking about next year. We were already short one home game, since we open in Houston against BYU, now we lost an SEC home game.
Posted on 10/14/16 at 1:03 am to fiercey
Lost a home game with USA, but gained one in UF. It's a wash for this season.
Posted on 10/14/16 at 1:03 am to GeauxLSUGeaux
quote:
this wouldn't have been an issue if they would have made contingency plans in the first place.
Also this. The SEC needed to step in a lot sooner than they did.
Posted on 10/14/16 at 1:04 am to fiercey
quote:
Florida gets to use their insurance for this year's game.
Can they use that insurance for a game that takes place? Specifically an away game, for them?
It's my understanding that it must remain a home game for them for them to collect that insurance.
Sounds like that is now null and void.
Just from what I've been led to understand about the loss insurance. It goes back to Foley's flat out refusal to play the game anywhere but Gainesville.
This post was edited on 10/14/16 at 1:08 am
Posted on 10/14/16 at 1:14 am to fiercey
Just a guess, but LSU's reasoning is probably this...
This year, we are whole....Lost USA home game, but picked up Florida home game. Florida home game generates more total revenue and probably pays off USA.
Worry about next year tomorrow, and there will likely be adjustments, but LSU is financially whole for this season, this seasons SECCG hopes stay afloat, and LSU-Florida drama is over.
This year, we are whole....Lost USA home game, but picked up Florida home game. Florida home game generates more total revenue and probably pays off USA.
Worry about next year tomorrow, and there will likely be adjustments, but LSU is financially whole for this season, this seasons SECCG hopes stay afloat, and LSU-Florida drama is over.
This post was edited on 10/14/16 at 1:16 am
Posted on 10/14/16 at 1:18 am to fiercey
It's a wash for both. LSU lost a home game, then gained another home game this year so they didn't really lose anything, but they did gain a much bigger home game if anything. They will lose a home game next year. Net effect: -1. Florida lost two home games this year, but gain one next year. Net effect: -1. Both teams had to buyout their canceled opponents (or maybe the SEC did, idk) so that's also a wash.
This was probably the best solution looking at it long term. Both teams had to give up equal amounts. LSU retained the much needed home game for the Baton Rouge economy that needs any immediate injections of life it can get, with a fanbase that will bring more people to the town and a much more important and intriguing game, so that's where LSU gains. Florida gains because they will probably be better next year and will have a more favorable schedule to complement it.
Pretty equal gains and losses. Situation still should have never come about in the first place, Sankey should be fired for his ineptitude. But no use crying over spilled milk. I ain't scared of playing Florida on the road two years in a row and I know whoever puts on the pads and the LSU jersey isn't either. Move forward, baby.
This was probably the best solution looking at it long term. Both teams had to give up equal amounts. LSU retained the much needed home game for the Baton Rouge economy that needs any immediate injections of life it can get, with a fanbase that will bring more people to the town and a much more important and intriguing game, so that's where LSU gains. Florida gains because they will probably be better next year and will have a more favorable schedule to complement it.
Pretty equal gains and losses. Situation still should have never come about in the first place, Sankey should be fired for his ineptitude. But no use crying over spilled milk. I ain't scared of playing Florida on the road two years in a row and I know whoever puts on the pads and the LSU jersey isn't either. Move forward, baby.
Posted on 10/14/16 at 1:23 am to fiercey
quote:
You guys lost the home game with S. Alabama. This hurts university dollars and local economy dollars.
Correction, LSU traded a home game with South Alabama for one with Florida... which will result in more people coming to the game and being more interested.
Which brings the university and local economy dollars.
But don't let this interrupt your stupidity...
Posted on 10/14/16 at 1:27 am to fiercey
I think you get the gist of it. I'm ecstatic we are playing this game. However, I don't like the spin that the media and Florida are putting on it by acting like we gained something out of this and did so unfairly.
Florida and the SEC messed up by not figuring out a way to play this game last week. And once the SEC decided they weren't going to move the championship game back, LSU was backed into a corner. The options were lose an away game this year and play at Florida or lose an away game next year and play at home. Either way, LSU gets screwed because of someone else's incompetence.
Florida and the SEC messed up by not figuring out a way to play this game last week. And once the SEC decided they weren't going to move the championship game back, LSU was backed into a corner. The options were lose an away game this year and play at Florida or lose an away game next year and play at home. Either way, LSU gets screwed because of someone else's incompetence.
Posted on 10/14/16 at 4:39 am to BayouBengals18
quote:
we open in Houston against BYU
Interesting that Dave Aranda's first game as DC was back in Wisconsin, and Tom Herman's first game as HC will be back in Houston at Reliant.
Posted on 10/14/16 at 4:51 am to timlan2057
Just switch home games with Tennesse next year.
Posted on 10/14/16 at 5:15 am to fiercey
It's a lot more revenue loss for LSU. The face value of the South Alabama ticket is $30, the face value of the Ole Miss ticket is $95. The Fla ticket would have been at least the same face value as the OM ticket. So $65 difference per ticket x100,000 equals $6.5 million lost revenue for LSU. Add to that the $9.5 million in lost revenue next year + parking revenue, plus advertising revenue, consessions revenue, motel & restaurant revenue etc and you talking major impact to Baton Rouge for 2017. We play 3 SEC home and 5 away games where every body else plays 4 & 4. Of course Fla gets 5 & 3. Plus and additional 9.5 million in tickets next year.
So tell me again how Fla comes out on the short end of this stick this year or next year since they get to file a claim on lost revenue this year and recoup their losses?
So tell me again how Fla comes out on the short end of this stick this year or next year since they get to file a claim on lost revenue this year and recoup their losses?
Posted on 10/14/16 at 5:17 am to fiercey
Yes, Net over 2 years is LSU loses a home game and UF does not plus is receiving insurance money for one of those.
Posted on 10/14/16 at 5:29 am to I20goon
quote:
Yes, Net over 2 years is LSU loses a home game and UF does not plus is receiving insurance money for one of those.
Florida will lose 2 home games this year. They get one back next year.
Posted on 10/14/16 at 5:34 am to WaterLink
quote:
Both teams had to buyout their canceled opponents (or maybe the SEC did, idk) so that's also a wash.
As far as I know, each school had to fund their own buyouts. Florida owed Presbyterian $500k whereas LSU owed USA $1.5M. Doesn't sound like a wash to me.
Posted on 10/14/16 at 5:51 am to fiercey
And don't forget that Florida got to dictate what time we play OUR home game as well, so tell me again how Florida lost in this whole deal. LSU got screwed plain and simple.
Posted on 10/14/16 at 6:24 am to OU812
quote:
Just switch home games with Tennesse next year.
Why is this thrown out so short-sightedly???
Do you think Tenn willingly wants one less home game because of this mess?
We get 5 home SEC games THIS season. 5 away SEC games NEXT season. We also already received a "freebie" LAST season.
Posted on 10/14/16 at 6:52 am to fiercey
Sure, but if a meteor destroys the earth the week before the FLorida game next year, we'll be net winners. 
I'm just glad we get the game in.
It is what it is. Once UF refused to play last weekend there was no perfect solution. Couple of minor points:
1- The time value of money has to be worth something here. Present value discount or some such thing. I think X millions of dollars this year is worth a bit more than X millions of dollars next year.
2- Has it been definitively established that 1) UF gets insurance for the loss; and 2) that LSU gets no help from the SEC for the S. Alabama buyout?
3- My son, who is a student, is glad to get another SEC home game this season. Of course he'll miss one next year. This year's graduates come out ahead.
4- Is an away game a net plus or a net loss in revenue? We saved a little jet fuel, diesel, and I guess a few salaries for not going to UF this year. Speaking of which, I wonder if the TV contract is affected in any way by the re-scheduling of the game and the loss of the S. Ala. game?
5- I guess S. Ala. and the team that UF was supposed to play are not going to play each other as was bandied about early in the process?
I'm just glad we get the game in. It is what it is. Once UF refused to play last weekend there was no perfect solution. Couple of minor points:
1- The time value of money has to be worth something here. Present value discount or some such thing. I think X millions of dollars this year is worth a bit more than X millions of dollars next year.
2- Has it been definitively established that 1) UF gets insurance for the loss; and 2) that LSU gets no help from the SEC for the S. Alabama buyout?
3- My son, who is a student, is glad to get another SEC home game this season. Of course he'll miss one next year. This year's graduates come out ahead.
4- Is an away game a net plus or a net loss in revenue? We saved a little jet fuel, diesel, and I guess a few salaries for not going to UF this year. Speaking of which, I wonder if the TV contract is affected in any way by the re-scheduling of the game and the loss of the S. Ala. game?
5- I guess S. Ala. and the team that UF was supposed to play are not going to play each other as was bandied about early in the process?
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