I agree that getting the team better during these practice games should be most important but I think you guys are underestimating the money these games bring in.
How many season tickets are sold?
What Is the average cost per game?
Are these games part of the season ticket packages?
I think these answers will tell us more money is lost than most on here are assuming.
I answer that with this...
Is what we lose by not having this exhibition more than paid for if this scrimmage makes us an elite 8 team?
The revenue the program generates from making an elite 8 run would far outweigh te profit from an exhibition vs little sister of the blind, this I'm fairly certain of.
So yes, we initially lose some money, but by doing so, you're putting the program in better position to make a hell of a lot more money than what you lost initially.
I agree that getting the team better during these practice games should be most important but I think you guys are underestimating the money these games bring in.
How many season tickets are sold?
What Is the average cost per game?
Are these games part of the season ticket packages?
I think these answers will tell us more money is lost than most on here are assuming.
I answer that with this...
Is what we lose by not having this exhibition more than paid for if this scrimmage makes us an elite 8 team?
The revenue the program generates from making an elite 8 run would far outweigh te profit from an exhibition vs little sister of the blind, this I'm fairly certain of.
So yes, we initially lose some money, but by doing so, you're putting the program in better position to make a hell of a lot more money than what you lost initially.
I agree that getting the team better during these practice games should be most important but I think you guys are underestimating the money these games bring in.
How many season tickets are sold?
What Is the average cost per game?
Are these games part of the season ticket packages?
I think these answers will tell us more money is lost than most on here are assuming.
I agree with that statement but if you put on your administrator hat you might look at it differently. A practice game at home puts money in the bank without question. Does a scrimmage always equal to higher success?? One is a sure thing and if we are talking about a 6 figure amount like I think we are if I am the AD I wouldnt allow this.
I would be shocked if a practice game vs GA Tech as opposed to a full-on exhibition against Carson-Newman would be the difference in a Sweet Sixteen and Elite Eight. There are too many other variables involved over the course of a season to be able to point directly at that one tiny detail.
I would be shocked if a practice game vs GA Tech as opposed to a full-on exhibition against Carson-Newman would be the difference in a Sweet Sixteen and Elite Eight. There are too many other variables involved over the course of a season to be able to point directly at that one tiny detail.
I think it's definitely more of a benefit than playing all star Italy again. Everything you do has an effect, there's no guarantees, but by playing this you put yourself in better shape than you were previously.
Yes these are included in season ticket packages. A shot in the dark, but I'll guess 13-15,000 season ticket packages on average are sold. Add in concessions, souvenirs, programs, etc, and I agree, the financial impact is being understated.
Hamilton had great success at UT as a a fund-raiser and financial leader. It was his forte. He was very much a CEO running the show as opposed to Dickey. His lack of athletic experience resulted in some questionable coaching hires and personnel decIsIons, but he was definitely a successful AD from a financial standpoint.
I'm not seeing 6 figured first off, and second, sometimes you have to not be ultra conservative. The benefit of improving and being an elite 8 tean far outweighs the benefit of making a little money and playing an exhibition.
If it was that big of a deal don't you think we'd have scheduled a few more games instead of just 30 this year? It's usually 31 or 32, we could add 2 OOC games to make money if the AD was that concerned. We just dropped $42 million on a facility for a .500 football team hoping it makes the program better, I don't think losing around 50k for the chance to get better is too big of a deal.
Again, I think we all agree playing GA Tech prepares you better than playing Carson-Newman, but to look back at an entire season and point to that one decision over a season of 30+ games as the tipping point between Elite Eight and Sweet Sixteen is a little naive. Agree to disagree if you like.
Once again I feel certain you are underestimating the amount of money we are talking about. I feel like the amount in question here is high enough to fund one of the lesser non revenue sports for an entire yearly budget. I agree that it could benefit the success of the team but it doesnt mean that for certain.
Average ticket when you break down a season ticket package is what, $10? Single tickets are sold for $10 also for the exhibition, so say 15k attendance, that's 150k. Plus concession, probably $1 a head, that's another $15k, so now you're taking 165-170k income off the game. Pay the school, I'm guessing around 20k. There's atleast 500 staff working at an average of what, $10/ hr for 6 hours? That's $30k to staffing. Plus officials, I really don't have a clue, I'll say $1k for the crew. Then adding in what it costs to run the building and everything, I'd be surprised if the school makes more than 50-75k off an exhibition. Sure a lot of money, but not really in the realm of things here.
From a financial standpoint, this makes a lot of sense though, and Hamilton was a financial guy.
Also, $1 a head from concessions??? You can't be serious. I'd put it at much closer to $5 a head. That's roughly the cost of 2 drinks. In this case, your talking about doubling your overall profit using your numbers.
I'd have to check on my dad's tickets, but I think they are priced at regular season prices in the season ticket package, as opposed to the $10 general admission price. Not sure on that though.
From a financial standpoint, this makes a lot of sense though, and Hamilton was a financial guy.
Also, $1 a head from concessions??? You can't be serious. I'd put it at much closer to $5 a head. That's roughly the cost of 2 drinks. In this case, your talking about doubling your overall profit using your numbers.
I'd have to check on my dad's tickets, but I think they are priced at regular season prices in the season ticket package, as opposed to the $10 general admission price. Not sure on that though.