Key tweets, and it's all gone to Hell. | Page 800 | The Boneyard

Key tweets, and it's all gone to Hell.

Husky25 said:
Unless something has changed, The UCDA is hamstrung by the deal they have with UConn. So long as the stadium operates at a net loss UConn pays the first $250,000, but only if 100% of the non-UConn events make a profit. Also the UCDA and/or operator must know this in advance. Otherwise they could take more chances on what is booked at the venue.

This article is from 2020, but this has been the case for years.
"Rentschler’s heavy dependence on UConn football — the reason why the $92 million stadium was built in the first place — constrains the ability to book the field for other events. Rentschler’s lease with UConn prohibits the stadium from taking a loss on a concert or athletic event because essentially that would mean asking UConn to pay for other events with its $250,000 operating subsidy."

While international friendly soccer matches dot the schedule, there hasn't been a notable concert since The Police reunion in 2007. Besides most big acts book the Meadows in the summer.
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I don't see why it should be the school's responsibility to subsidize losses from non-UConn events held at a facility the school does not own.
 
FfldCntyFan said:
I don't see why it should be the school's responsibility to subsidize losses from non-UConn events held at a facility the school does not own.
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That is what is in the agreement.
 
CTFAN4LIFE said:
Isn't it more the neighborhood having noise concerns the biggest reason for no concerts?
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Urban myth. There was a lot of belly aching after the first Springsteen concert. It died down after some adjusments for the second one. They had two big concerts subsequently with minimal bitching. I think the issue is that there aren't a ton of acts that can fill a stadium and the ones might be ticketed to The Rent are at Fenway these days.
 
Husky25 said:
That is what is in the agreement.
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The CRDA then has two options:

1 - accept that they are "hamstrung" (as it was presented) and live with it.

2 - seek to modify the agreement (this happens all of the time in business) so that they can attempt to hold more events in an arrangement that the school would not object to.


As things currently stand, nothing about the Rent (good or bad) can be viewed as the school's fault.
 
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The big picture is this.

SDSU built Snapdragon Stadium on the edge of campus in SD. It looks to be a great investment and will be used throughout the year for all kinds of events. Remarkably it only cost $310 mill

Renschler Field was built way off campus but not in Hartford. It made sense at the time because it was relatively cheap for the state and UConn needed a new stadium with its move to D1. $91 million in 2003

We will continue to fund this limited use venue with all of its restrictions because it will be the cheapest route to keeping a stadium, in the short term. The ROI will never be very good but that's how we roll in CT
 
FfldCntyFan said:
The CRDA then has two options:

1 - accept that they are "hamstrung" (as it was presented) and live with it.

2 - seek to modify the agreement (this happens all of the time in business) so that they can attempt to hold more events in an arrangement that the school would not object to.


As things currently stand, nothing about the Rent (good or bad) can be viewed as the school's fault.
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I don't disagree and I'm on record as saying it's a terrible provision, but it is what it is. I don't write the contracts.
 
Husky25 said:
Unless something has changed, The UCDA is hamstrung by the deal they have with UConn. So long as the stadium operates at a net loss UConn pays the first $250,000, but only if 100% of the non-UConn events make a profit. Also the UCDA and/or operator must know this in advance. Otherwise they could take more chances on what is booked at the venue.

This article is from 2020, but this has been the case for years.
"Rentschler’s heavy dependence on UConn football — the reason why the $92 million stadium was built in the first place — constrains the ability to book the field for other events. Rentschler’s lease with UConn prohibits the stadium from taking a loss on a concert or athletic event because essentially that would mean asking UConn to pay for other events with its $250,000 operating subsidy."

While international friendly soccer matches dot the schedule, there hasn't been a notable concert since The Police reunion in 2007. Besides most big acts book the Meadows in the summer.
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Easy answer is to eliminate the university of Connecticut pointless $250,000 subsidy. That money is coming from the state, ultimately, anyway. Routing it through the university just hides the CDRA ineptitude. It's an accounting gimmick nothing more. If they thought they could make more than 250,000 they would do it and wave the universities subsidy. They can't because that would take a minimum of competence and effort, both of which CDRA seems to lack.
 
jostar1 said:
"The revenue figures are from the Department of Education’s Equity in Athletics Data Analysis and the Knight Commission on Intercollegiate Athletics for the fiscal year 2023. The list is reflective of the current enterprise value of each program, starting with a base revenue multiple of four for all institutions, and then adjusting the multiple for variables, including conference affiliation, estimated NIL spend, school subsidies, number of alumni and other factors that can catalyze future revenue growth and profitability".

So apparently it reflects when those schools were in the original PAC 12.

Have no idea why UConn Football would tweet that when it doesn't accurately reflect current conditions. Benedict should tell them to delete it.
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What at San Diego St has a significant enterprise value? Are we missing something?
 
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upstater said:
What exactly is the point he thinks he's making?

People around the world don't watch American college sports.

People around America do wear college brand clothing because of college sports. That's true. So what?

What's the point he's making?
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As Flugaur explains it, there is what he calls a Student Apocalypse, a decline in the number of college students. That is where international students become important---for football and for the rest of the college population. UNC is taking the lead on this and the Chancellor's remarks on the reasons for increasing spending on football are to a hostile audience, the Faculty Council. Note that the Chancellor's remarks were met with jeers by the Faculty Council.

According to Flugaur, there will be some tough decisions for UNC to make, including private equity and a possible change of conference.

Flugaur's explanation starts at 31:20:

 
jostar1 said:
As Flugaur explains it, there is what he calls a Student Apocalypse, a decline in the number of college students. That is where international students become important---for football and for the rest of the college population. UNC is taking the lead on this and the Chancellor's remarks on the reasons for increasing spending on football are to a hostile audience, the Faculty Council. Note that the Chancellor's remarks were met with jeers by the Faculty Council.

According to Flugaur, there will be some tough decisions for UNC to make, including private equity and a possible change of conference.

Flugaur's explanation starts at 31:20:

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They are met with jeers from me too. It's because the point he's making is weird.

Taylor Swift is vastly more popular than our national electricity grid. If one of these two things vanished tomorrow, there'd be different consequences.
 
upstater said:
They are met with jeers from me too. It's because the point he's making is weird.

Taylor Swift is vastly more popular than our national electricity grid. If one of these two things vanished tomorrow, there'd be different consequences.
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Unless the schools are seeing a correlation between big sports success with international students, especially those that pay full tuition. A lot of people don't realize (not you, Upstater) that those international kids are cash cows that usually pay full boat regardless of their stats and finances. Not many schools are need blind internationally.

So, if UNC is seeing that smart, rich, internationals are flocking to Ohio State (or even SEC schools not named Vandy or Georgia), his statements could make sense. Just a possible explanation.
 
Chuck said:
Unless the schools are seeing a correlation between big sports success with international students, especially those that pay full tuition. A lot of people don't realize (not you, Upstater) that those international kids are cash cows that usually pay full boat regardless of their stats and finances. Not many schools are need blind internationally.

So, if UNC is seeing that smart, rich, internationals are flocking to Ohio State (or even SEC schools not named Vandy or Georgia), his statements could make sense. Just a possible explanation.
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At every public research institution, international students tend to come for engineering and STEM , and they maninly come from China and India. That's how it used to be. Things are going to change radically in the next 4 yrs. I don't think they know anything at all about football. Honestly.

The President was on solid ground when he said, "Sports are the front porch." Especially for an American audience. But when he says the internationals aren't coming for political science... I don't know. I would just laugh in his face. Mind you, he's not an academic, he's a political appointee. So...
 
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UNC is in the unique position in that it provides value to both the SEC and the B1G. That is a very short list of schools to begin with.

I don't see a clear path forward for UNC except to join either the SEC or the B1G. But they do have the choice between the two. Maybe that move doesn't happen until the end of the GOR, but UNC has to pick one or the other or risk being left behind.
 
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I've always suspected that UNC, Virginia and FSU were on the radar for the BiG and SEC once the GOR issue resolves itself one way or the other.

Selfishly, I love the idea of UNC and Virginia getting invites and FSU getting left out. Watching that fanbase lose their collective minds would be priceless.
 
Rufus said:
UNC is in the unique position in that it provides value to both the SEC and the B1G. That is a very short list of schools to begin with.

I don't see a clear path forward for UNC except to join either the SEC or the B1G. But they do have the choice between the two. Maybe that move doesn't happen until the end of the GOR, but UNC has to pick one or the other or risk being left behind.
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Seems this raging question behind closed doors this winter is whether to end the ACC GOR now or hold it together through the end, but with the understanding there will be a crash landing in the early 2030s. Pro now: Conduct a "managed" breakup while the left behind ACC schools have some leverage. Pro later: F- it, its not possible to have controlled break up now...we will fully disintegrate. Better to fight and cling to what we have and cope with the endless in fighting.

The factions in this discussion have to be some of the most duplicitous of all time. Everyone is a friend and enemy.

I have no idea where this lands. In late fall I was hearing ESPN was certainly going to give the ACC a media deal for the balance of the GOR that was a little above the B12 numbers.....but maybe ESPN cannot manage to get this bunch to sit down and listen. The FSU/Clemson lawsuits maybe over, the tension is certainly not.
 
Exit 4 said:
Seems this raging question behind closed doors this winter is whether to end the ACC GOR now or hold it together through the end, but with the understanding there will be a crash landing in the early 2030s. Pro now: Conduct a "managed" breakup while the left behind ACC schools have some leverage. Pro later: F- it, its not possible to have controlled break up now...we will fully disintegrate. Better to fight and cling to what we have and cope with the endless in fighting.

The factions in this discussion have to be some of the most duplicitous of all time. Everyone is a friend and enemy.

I have no idea where this lands. In late fall I was hearing ESPN was certainly going to give the ACC a media deal for the balance of the GOR that was a little above the B12 numbers.....but maybe ESPN cannot manage to get this bunch to sit down and listen. The FSU/Clemson lawsuits maybe over, the tension is certainly not.
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There’s no raging question. It’s fan fiction.
 
UNC likely feels comfortable given its market and brand in having a P2 seat when it all goes down. They are not counting on the kindness of strangers tho, a lesson many have learned the hard way. Money talks in terms of demonstrated commitment. I think they are a B10 match.
 
The chancellor is not going to have the first line of his obit read “the guy who let UNC basketball die”, especially since he’s a Dookie.
 
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Fishy said:
The grant of rights extends through 2036 because of the ACC Network.

The look in on the media rights contract is not going to be the watershed moment people have convinced themselves it will be.
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We'll see. Only a few months to go.
 
upstater said:
They are met with jeers from me too. It's because the point he's making is weird.

Taylor Swift is vastly more popular than our national electricity grid. If one of these two things vanished tomorrow, there'd be different consequences.
Expand ...
Sure, we'd be able to recover from the loss of our electrical grid.
 
upstater said:
At every public research institution, international students tend to come for engineering and STEM , and they maninly come from China and India. That's how it used to be. Things are going to change radically in the next 4 yrs. I don't think they know anything at all about football. Honestly.

The President was on solid ground when he said, "Sports are the front porch." Especially for an American audience. But when he says the internationals aren't coming for political science... I don't know. I would just laugh in his face. Mind you, he's not an academic, he's a political appointee. So...
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Robert's is referring to the brand identity built mostly by the basketball program specifically as it relates to MJ who is still one the most recognizable sports figures in the world. So you will see many around the world rocking the baby blue interlocking NC logo just because they associate it with him
 
CL82 said:
Sure, we'd be able to recover from the loss of our electrical grid.
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Maybe then the government would allow me to put a nuclear reactor in my backyard so I won't have to pay for electricity.
 
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