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Thu Dec 27, 2012, 01:06 PM

Financial Madness Behind The College Bowl Schedule

By Brad Flory | brad@lifeinplaid.com

Published: Thursday, December 27, 2012,

JACKSON, MI – Football is one of my great loves, but lately it is a love tainted by harsh questions.

Have American colleges gone crazy over all these bowl games? Or are they merely gullible when spending money? It’s a tough call.

--CLIP--

The overload of games would be fine except colleges, which are usually public institutions supported by taxpayers, abandon financial sanity for the dubious honor of making the watered-down field. Universities invited to bowl games agree to buy thousands of tickets, guaranteeing income for promoters.

Colleges often – not always, but often – cannot sell their “allotment” of tickets because few people want them. They pay full price for empty seats.

Michigan State University reportedly (and predictably) sold about 3,000 of its 11,000 tickets to the Buffalo Wild Wings Bowl on Saturday in Arizona.
Face value of those tickets is $25 to $125. If the average price is $50, MSU will lose about $400,000 by purchasing 8,000 empty seats.

MORE...

http://blog.mlive.com/bradosphere/2012/12/financial_insanity_props_up_ou.html#incart_river_default

6 replies, 1247 views

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Arrow 6 replies Author Time Post
Reply Financial Madness Behind The College Bowl Schedule (Original post)
Purveyor Dec 2012 OP
wilt the stilt Dec 2012 #1
truebrit71 Dec 2012 #2
Purveyor Dec 2012 #5
exboyfil Dec 2012 #3
Purveyor Dec 2012 #4
Angleae Dec 2012 #6

Response to Purveyor (Original post)

Thu Dec 27, 2012, 01:20 PM

1. silly me

I thought college was for education

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Response to wilt the stilt (Reply #1)

Thu Dec 27, 2012, 01:29 PM

2. Me too...

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Response to wilt the stilt (Reply #1)

Thu Dec 27, 2012, 05:49 PM

5. Or rather building billion dollar 'endowment funds'. That is another issue I can't wrap my mind

around.

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Response to Purveyor (Original post)

Thu Dec 27, 2012, 01:30 PM

3. Great article

Thanks.

Our local university bundles up $3 to $5 million of general revenue to keep our sports programs going (at a cost of about $500/yr per student). I hate the practice.

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Response to exboyfil (Reply #3)

Thu Dec 27, 2012, 05:48 PM

4. I had no idea the colleges where taking such a hit to go to the bowl games. I always thought

TV rights covered most expenses. Silly me!

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Response to Purveyor (Original post)

Thu Dec 27, 2012, 06:08 PM

6. The article doesn't take into consideration the payout the school gets by going in the first place.

Last year the minimum payout was $320,000 going up to $22,300,000

http://www.huffingtonpost.com/2011/12/29/bowl-game-payouts-map-2011-2012-bcs_n_1174808.html

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