ROUGH estimate is that FSU makes about $500K NET more than it does for a home game. But of course, it isn't a comparison of revenue against neutral and home games because FSU always wants 7 home games regardless.
My thoughts are FSU always wants 7 home games....without fail and every 1-3 years a neutral site game on top of that to add revenue.
Cowboys Classic Payout
DotCom
9/3/2014
"Payouts for regular season games are not shared with the conference. FSU will keep all of the payout from the Cowboy Classic.
If I remember correctly the average take on a home game is 2.1-2.2 million so last Saturday's game was a nice bump for FSU."
"The contract says $3.5 million, like I mentioned yesterday. But that doesn't account for expenses, like traveling the team and equipment all the way out there. Not sure how much all that costs."
Money Matters: Chick-Fil-A Kickoff Game
"From CBS Sports:
CHICK-FIL-A KICKOFF BUDGET
This was a portion of the Chick-fil-A Kickoff's proposed budget for the Alabama vs. West Virginia game, according to 2012 contracts with the teams.
| REVENUES | |
| CATEGORY | MONEY |
| Game tickets sold by teams | $7,200,900 |
| Title sponsorships | $510,457 |
| TV spot revenue | $60,000 |
| Non title net sponsorship revenue | $50,000 |
| Parking (775 spots, $20 each) | $15,500 |
| Game program revenue | $15,000 |
| Merchandise % owed to Georgia Dome | $12,000 |
| Merchandise guarantee | $10,000 |
| Handling fees | $7,000 |
| TOTAL REVENUES | $7,880,857 |
| EXPENSES | |
| CATEGORY | MONEY |
| Team payouts | $6,330,560 |
| Sales tax (8% of game ticket sales) | $533,400 |
| Administration | $300,000 |
| Bowl commission (25% title/20% other) | $149,614 |
| Georgia Dome stadium rental | $145,000 |
| Georgia Dome staffing | $130,000 |
| Scholarship donations to teams | $100,000 |
| Comp ticket expense | $84,500 |
| Comp hotel rooms to teams | $40,000 |
| Game officials/stats crew | $27,000 |
| Game insurance | $22,000 |
| TOTAL EXPENSES | $7,862,074 |
| NET PROFIT TO ORGANIZERS | $18,783 |
SOURCE: Why Neutral Site Games Help - and Hurt - College Football
OBSERVATIONS:
The folks putting on the show don't make a lot of money
The teams take home over $3 million each, or about what an 80,000 seat stadium would generate from a typical ACC conference game (assuming $40 per ticket)."
One question: was the Cowboy Classic included in FSU season tickets or was it sold separately?
ReplyDeleteFSU made $3.5 million gross for the neutral game and then the revenue for 7 homes games. THAT is what FSU needs to compete with SEC teams.
ReplyDeleteNo about of debate will change that football schools that REALLY compete with SEC teams need 7 home games. The smart ones will also add an occasional neutral game ON TOP OF THAT (not in place of).