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So if you make $4 million dollars per home game against an OOC foe...
Posted on 1/27/15 at 10:06 am
Posted on 1/27/15 at 10:06 am
You'd rather play a tougher opponent and reduce the home schedule by one game in order to play a neutral site game that yields a financially neutral result in the name of marketing and branding?
Something doesn't seem to make sense. It's not just recruiting and marketing that compels us to make a decision that's revenue neutral. Is LSU not telling us the truth about what its pulling it for home games anymore?
Also, like it or not but the local economy is impacted by a smaller home slate.
I just don't understand how they can ask everyone from Season Ticket holders to suite owners to pay the same money-if not more-for less of a product. It's a defacto method of increasing ticket prices and lowering their own overhead when they hold a home game.
Just a fleecing by another means.
Something doesn't seem to make sense. It's not just recruiting and marketing that compels us to make a decision that's revenue neutral. Is LSU not telling us the truth about what its pulling it for home games anymore?
Also, like it or not but the local economy is impacted by a smaller home slate.
I just don't understand how they can ask everyone from Season Ticket holders to suite owners to pay the same money-if not more-for less of a product. It's a defacto method of increasing ticket prices and lowering their own overhead when they hold a home game.
Just a fleecing by another means.
11
Posted on 1/27/15 at 10:09 am to GFunk
They aren't having problems selling home tickets or season tickets so they aren't asking anything. It obviously makes the school more money to play these OOC games or they wouldn't do it.
Posted on 1/27/15 at 10:10 am to GFunk
The comparison is between two neutral site games and a home-and-home series.
2 neutral site games earns LSUAD $8-9Million.
Home-and-home earns LSUAD about $4.5 million. That is because LSUAD only gets $500K in the year we would play at the other campus.
2 neutral site games earns LSUAD $8-9Million.
Home-and-home earns LSUAD about $4.5 million. That is because LSUAD only gets $500K in the year we would play at the other campus.
Posted on 1/27/15 at 10:25 am to GFunk
quote:
Just a fleecing by another means.
Wake up it's called business! If there is a way to make more money, even if it comes at the expense of the fans, you can just about bet it is going to happen.
Posted on 1/27/15 at 10:39 am to GFunk
Posted on 1/27/15 at 10:44 am to GFunk
The problem is you have to schedule an away game to get a decent OOC opponent. The away game gets you around $500,000. So you get $4.5 million for 2 games as opposed to $8 million for 2 neutral site games. It is not a financially neutral outcome.
Posted on 1/27/15 at 10:51 am to GFunk
I would rather attend an LSU game in Houston or Dallas or some other neutral site against a tough opponent than see LSU pound some cupcake in Baton Rouge.
This post was edited on 1/27/15 at 1:18 pm
Posted on 1/27/15 at 10:58 am to GFunk
I agree with you gfunk. The one thing that they didn't tell you is that it cost about 2 million as well to travel the team, band, and it's entourage. So that's only a net income of about 2 million. It makes no sense to travel and impact someone else's economy (Houston or Dallas) when it's the state of Louisiana and mainly the Baton Rouge business that support LSU athletics. These local businesses are the ones who support the program and donate money to their causes (TAF), and give the Athletes summer jobs. I found it appalling that the university choses to dilute the at home schedule to travel away for a game. The economic impact of one home game has to be in the 10's of millions of dollars when you consider the food & beverages sold for tailgates, restaurants serving meals, hotel stays, fuel at gas stations for travel, etc. when you take this out of state you are stealing from the ones that support the program. LSU is not "dancing with the one that brought them to the dance." Not to mention the watered down schedule with 4 weak games is a joke. It draws no attendance for the university to up sell concessions and merchandise and hurts the local businesses as well. Sorry for the rant, but I'm shock to see that people don't see the effect of moving a game out of state!
Posted on 1/27/15 at 11:00 am to GFunk
I hated it when the neutral site trend began to take hold. College football games should be held on college campuses. They should be held in the local area of one of the competing schools so local merchants can benefit. It should be an opportunity for a school to showcase itself to visitors who would otherwise never visit the campus.
Posted on 1/27/15 at 2:06 pm to GFunk
quote:
You'd rather play a tougher opponent and reduce the home schedule by one game in order to play a neutral site game that yields a financially neutral result in the name of marketing and branding? Something doesn't seem to make sense. It's not just recruiting and marketing that compels us to make a decision that's revenue neutral. Is LSU not telling us the truth about what its pulling it for home games anymore? Also, like it or not but the local economy is impacted by a smaller home slate. I just don't understand how they can ask everyone from Season Ticket holders to suite owners to pay the same money-if not more-for less of a product. It's a defacto method of increasing ticket prices and lowering their own overhead when they hold a home game. Just a fleecing by another means.
The fact of the matter is that LSU is a business and should be run as such.
If LSU did not schedule these neutral site games, do you think the price of attending LSU sporting events would be the same as it is now?
Posted on 1/27/15 at 2:45 pm to GFunk
quote:
Also, like it or not but the local economy is impacted by a smaller home slate.
Like it or not, the LSU AD is not in the business of providing profit for the local BR economy--that is a by-product of LSU football. Nonetheless, one could argue that without LSU athletics many of these local businesses would not exist in the first place.
Bottom line: if 1 or 2 days of lost revenue per year has such a significant impact on one's business survival or profit than that business owner has bigger issues to worry about.
Posted on 1/27/15 at 4:00 pm to GFunk
4 million per OOC home game? that math just doesn't add up, imo.
there has to be some netting out to reach that low of a figure. LSU gets the ticket sales, concessions and parking and media revenue. I can see the media revenue being higher at a neutral site due to the national nature of the telecast and the quality opponent but still LSU has to make a lot more than 4 mil. for a home cupcake game.
I don't know the avg ticket price (no TAF) for a game but I would think it would be $75 at least.
100,000 at $75 equals 7 and a half million.
add luxury box revenue
add concession revenue
add parking revenue
looks reasonable to me that LSU could gross 8 to 10 million for each game in Tiger Stadium, not counting TV revenues which are split by the SEC anyway. I just don't see the expenses for a home game being 4 to 6 million.
so 4 million bucks (sans TV) seems real low.
there has to be some netting out to reach that low of a figure. LSU gets the ticket sales, concessions and parking and media revenue. I can see the media revenue being higher at a neutral site due to the national nature of the telecast and the quality opponent but still LSU has to make a lot more than 4 mil. for a home cupcake game.
I don't know the avg ticket price (no TAF) for a game but I would think it would be $75 at least.
100,000 at $75 equals 7 and a half million.
add luxury box revenue
add concession revenue
add parking revenue
looks reasonable to me that LSU could gross 8 to 10 million for each game in Tiger Stadium, not counting TV revenues which are split by the SEC anyway. I just don't see the expenses for a home game being 4 to 6 million.
so 4 million bucks (sans TV) seems real low.
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