Ditto that. The history of this series is in a relatively short timeframe. For it to continue on a long term basis, it needs to follow a scheduling formula of:I get it, I don't blame AD Dave, and I'll probably go, but I still don't like it. We have to get them at the Rent at least once in the near future.
35,000 * $25 average seat price = $875,000 less some expense I assume we have to "pay" to use the Rent on a per game basis. The math works on this.
Remember - the donations per seat are for the season, and aren't actually per game. So I pay $100/seat/season for my tickets no matter if there are 6 or 7 home games. So the only thing the school loses is the variable cost of the tickets, which they charge $25 for season ticket holders, but some tickets are less.
A sellout at $25/seat = $1M (again, less expenses).
So when people beg and scream for coaches to be bought out, that costs money. The school wins here.
Oh, the horror!
The downside for me is it hurts our negotiating position for future home and home series with established programs.
...and there are the facts. It is a reasonable decision.
All this is true, but there is also the chance that we sell fewer season tickets due to the game not being included in the package. Still, I think the numbers make sense if the justification for moving the game was purely economic.
Using the original poster's scenario -- if we got 35,000 for the game at home it's $875k minus the rent for the Rent (I think the $170k number is accurate) = roughly $600k. Let's say we get an extra 300 season ticket holders if the game is in East Hartford. That's 300 x $25 x 6 additional games = $45,000, plus $30,000 in seat deposits if all the season tickets are in those areas. The comparison is $675,000 vs. $1.12 Million -- a difference of just under $450,000. And that's a comparison vs. the "best-case" scenario of keeping the game in East Hartford.
The downside for me is it hurts our negotiating position for future home and home series with established programs.
Not that I saw, but I could have missed them. Link to post?The facts were posted on page 4? maybe. People choose to ignore them and argue for 6 more pages based purely on emotion its the Yard, can't expect anything different.
BCU didn't offer them to us; Fenway did. To me, at least that distinction is important.But even in this case I think that this is a very unique situation that only BC (or very few others) could offer us. A stadium site that is a historical landmark, in the middle of a major city which is only an hour and a half from campus. We will never have negotiating leverage with the "major" programs, but for the second tier they would not be able to position a case like this for us. This type of deal doesn't happen for a site like Gillette Stadium. It is Fenway in downtown Boston.
So after ticket sales, we stand to make about $1.5 million. that's almost half of the buyout. Schedule Army at Yankee stadium in 2019 if we can, and that should nearly take care of the buyout. Or maybe a third game with Cuse at Yankee Stadium (home, away, neutral) and split the pot 50/50?
Edit: My rough guess at our revenue is based on assuming we sell 16k tickets at $25 average.
Probably a bit ambitious.
I haven't seen it reported anywhere who gets the money from the gate.I don't think we get the ticket sales. I think that's the trade-off, but I may be misinterpreting the deal.
Usually a guarantee means that the floor or minimum is guaranteed. So if we sell tickets and receive more than that we keep the cash and Fenway doesn't need to pay us anything. Hard to say though unless you are reading the actual contract language.The money is guaranteed which to me means that no matter the amoun of tickets UConn sells, + or -, that is the amount UConn will receive. Is this correct?
@Excalibur It's reported that we're getting $1.125 million, and the rights to 22,000 tickets. I don't think we're giving those tickets away, so I think it's safe to assume we're selling them and keeping the revenues, but I could be wrong.
It would make no sense for Fenway to pay us $1.25M and only retain for itself the right to sell 17,000 tickets. I think the rational working assumption is that Fenway bought the revenue from the sale by UConn of its tickets (maybe with some sweetener if we do a good job selling all of ours).
There's that... or the folks at the Red Sox have heard about our propensity to purchase $10 beers at a precipitously high volume.
At this point in our journey, it's not a bad move. I am all for improving our profile in the Boston market.
I would prefer play BCU in the Rent, but if this is a money move by Benedict, I can live with it for a season.