UPDATE:
Florida State Football Loves to Lose: Team Lost Quarter Million Dollars in ACC Title Game Win Over Duke
Q&A with FSU AD Stan Wilcox, Part II
"Q. In 2012, Florida State lost money by playing in the ACC title game. The ticket allotment was lowered this year so that wouldn't happen again, but financially, is there a concern about the cost-benefit balance following what was such a successful season on the field?
A. We were able to make sure we don’t lose money in the end. This year, I don’t know the final numbers, but we’re definitely not going to lose money. What you’re probably getting to is the [national] championship, and that’s a different animal.
Again, we’re not losing money in the long run, because as a conference, we’re making a lot more money and those dollars are filtered down to the institutions. The issue has to do with the amount of expense allotted to go participate and what your expenses end up being. In that case, because -- if the championship game was at the Orange Bowl, not an issue, but when it’s on the opposite coast, and you have to charter flights for your band, for your team, for the VIPs of the university, that’s where your expenses can outpace the actual allocation dollars that you’re given.
So this year, we didn’t lose very much but when you compare that to what we’re going to get from revenue sharing, it’s really a no-brainer. We’re going to make out well this year. "
FSU loses money on ACC Championship game - again (PAID SITE)
I can't quote this article directly because it is a paid site (I recommend paying for it, one of the only sites that actually reports on the ACC as actual reporters and not just parrots for John Swofford), but here is the general summation.
*FSU lost $478,000.00 on the 2012 ACC Championship Game
*FSU lost $213,812.22 on the 2013 ACC Championship Game
*The ACC 'has been adamant' that teams bring their bands (Cost for FSU $155,000.00 a year)
*FSU has lost approximately $700,000.00 the last two years for going to the ACC Title game
What can you say, this is beyond idiotic and the ACC is just a failed conference. They don't care though and FSU is stuck footing the bill so the ACC can 'share revenue' with ACC schools sitting on BILLION DOLLAR endowments they don't share.
FSU has a puppet AD (hired by militant pro ACC ex president Dr. Barron) in Stan Wilcox (hired from Tobacco Road school, Duke) who has no issue with this. This stance says everything about Stan Wilcox.
This isn't hard for the ACC to fix and doesn't take years. The fact they are dragging their feet tells everything about what kind of conference the ACC is.
I don't have a subscription to Rivals so I haven't read the article, but assuming it's true this is totally unacceptable. Reducing the required tickets each school must guarantee to sell for the ACC Championship Game is a good first step - but that doesn't excuse the league from making sure that the teams make a little profit (much less don't lose money!). Personally, even without Va Tech in the ACC CG, I'd be in favor of double-shares to the 2 participating teams (i.e. 2/16ths or 1/8th to FSU and Duke and 1/16th each to the other 12 teams - no reason HQ needs to get a cut at all, IMO). If that STILL doesn't fix this, someone needs to take a hard look at the expenses and figure out why FSU is losing money...
ReplyDeleteAgreed. In the ACC's defense....they did reduce the number of required tix (10K in 2012 to 5K in 2013). Keep in mind, Miami and UNC (I think it was them) due to NCAA probations backed out of the 2012 game and that left FSU playing Ga Tech (3rd in their division)......so in essence, FSU had to pay $$$$ for UNC and Miami's NCAA probation because the game wasn't as interesting to fans.....so FSU had to pay $$$.
ReplyDeleteReally a HORRIBLE incentive setup in the ACC when you think about it. Football is completely deincentivized in this conference and you actually get punished for producing. Truly messed up.