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Blog: UConn remains highest-revenue athletic department outside of Power Five
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[QUOTE="Drew, post: 2255154, member: 3723"] From a recent article regarding ways UConn can create alternate revenue streams post Big East money drying up: [URL]http://www.courant.com/sports/UConn-huskies/hc-aac-UConn-money-0527-20170526-story.html[/URL] [I]The major moneymaking opportunity right now is football ticket sales. The season ticket base was about 16,000 each of the past two seasons, down from an all-time high of 32,500 in 2005. Season ticket renewals and new sales are up from last year at this time, though only slightly. In 2016, UConn averaged 26,796 for home games, about 16,000 less than the average among FBS schools. Michigan averaged more than 110,000 fans. Each year since 2010, when the Huskies averaged 38,248, there has been a dropoff. The last time UConn averaged at least 30,000 fans for home games was 2013. Men's basketball also has taken a hit. Last season the Huskies averaged 10,413 for home games, 40th in the country, but still far below the more than 13,000 fans it averaged from 2004-2007. Ticket revenues were $10,362,040 in fiscal year 2016. "We've got to sell more tickets, we've got to raise more money, and we've got to be really good with how we manage our budget," Benedict said. "We have a big upside with tickets. If we can start to fill up our venues again, that will eliminate [some deficit]. There is a lot of work to be done there. It's not going to happen just because we hired Randy. He's going to have to show that he's making progress, which he will." -------------------------------------------------------------------------------------------------------------------------------[/I] If you can afford them and don't have them, and are encouraged by what you've seen and heard since UConn hired HCRE in December, it is incredibly important to hop back on the bandwagon and get season tickets. Getting UConn back to 20k+ season tickets (and eventually 25k+) would be absolutely enormous, first from a perception standpoint but second from a revenue standpoint. Obviously basketball tickets are an important revenue stream as well. Same as above, if you can afford them and are exited for the upcoming season, its highly encouraged to hop on board. I know we sit here and complain about TV revenues from the AAC (rightfully so), but when AD David Benedict directly states the importance of selling tickets to the bottom line its pretty hard to ignore the significance of it. I'm not here to call into question anyones fandom or anything like that but its worth noting the importance AD David Benedict seems to be placing on selling tickets going forward, from both quotes like the ones above and through hiring Aspire to help boost sales. Even if/when the TV contract revenues increase, its not going to be enough on its own to make up for the massive subsidy that UConn students currently provide for athletics. [/QUOTE]
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UConn Athletics
UConn Men's Basketball Forum
Blog: UConn remains highest-revenue athletic department outside of Power Five
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