UConn going broke a cautionary tale for UCF, USF and other Group of 5 schools (Mike Bianchi Orlando Sentinel Commentary)

[Da_Aisijimo_Gou]

Also amazing that Aresco keeps saying this.

Ssshhh, it's important for the Mikester to keep spewing on behalf of himself and his conference

 

[Da_Aisijimo_Gou]

Fortunately, legitimate net revenue, exposure, and reasonably well-educated brains matter.

"At first glance: Each AAC school will get just under $7 million (gross) per year starting in 2020-21 ...

The fine print: Most games will be on ESPN+, a pay web service ($4.99 per month) with only 2 million subscribers, rather than linear or “real” TV; schools are responsible for on-campus production costs, which some estimate could lower their net annual take by as much as $2 million; and the deal is for 12 years ...

'That’s what blew me away,' San Diego State AD John David Wicker says, 'that 13 years from now they’re still going to be getting $7 million (gross) per school, knowing what things cost today and what they might cost in 13 years. I think that’s too long'."

 

[uconnell]

I believe UConn and USF not UCF have agree to continue playing.

I hope we never play UCF everagain as I don’t like their coach and the team plays way physical a nice word for dirty. It’s not worth getting our players hurt.

 

[Chief00]

UConn has lost control of its football venue and half of their home BB games to quasi state agencies with politically connected leadership and staffed with expensive and inflexible union labor contracts.
All are ingredients for financial disaster.

 

[Chief00]

I can talk economics with anyone. I don’t judge other people, but I have enough knowledge and experience to talk with anyone about a balance sheet on any company.

The statement implies a lack of knowledge regarding the qualifications required. The population of financial people with the knowledge across industries to truly do that is a small one. I am deeply skeptical.

 

[John Greene]

I think this is a mostly accurate understanding of the moves schools and conferences outside the P5 are making, including UConn, however I don’t think the same logic applies to your projections of the future of some of these Power conferences.

I think, as UConn fans, we’ve seen that every conference move that UConn has been involved in going back to the formation of the Big East has been about tv and money, however that’s not the institutional history of these other conferences for the most part.

Living here in Atlanta, it’s my understanding that the SEC and it’s member schools love Vanderbilt for multiple

Like UGA, Bama and Auburn would also have Vandy's back. Your point on institutional history is important but for many here history has been one kink after another while never getting what they consider reasonable compensation.

 

[huskymedic]

UConn has lost control of its football venue and half of their home BB games to quasi state agencies with politically connected leadership and staffed with expensive and inflexible union labor contracts.
All are ingredients for financial disaster.

Tough to lose control over something you never had control of to begin with...

 

[Stinger92860]

I had the same thought---that I couldn't believe that he said it.
However, he did say it. I found it in the following article:

American Athletic Conference commissioner not concerned about Connecticut departure

What else can he say. He can’t agree with move. In my view, we are the only school in the aac that has value in basketball and tier 3. No one else could take the chance we have. Let’s see what happens with football, we wont know for a while whether it was the proper move.

 

[Guapo]

What else can he say. He can’t agree with move. In my view, we are the only school in the aac that has value in basketball and tier 3. No one else could take the chance we have. Let’s see what happens with football, we wont know for a while whether it was the proper move.

It’s not a right or wrong thing; it’s a legal thing.

 

[Chief00]

Tough to lose control over something you never had control of to begin with...

Incorrect observation. At one time UConn played in Memorial Stadium and the Fieldhouse - both controlled by the University.
#ChiefCertified

 

[huskymedic]

Incorrect observation. At one time UConn played in Memorial Stadium and the Fieldhouse - both controlled by the University.
#ChiefCertified

You and I both know that wasn’t the context of your original point but touché.

 

[JohnFSilver]

The statement implies a lack of knowledge regarding the qualifications required. The population of financial people with the knowledge across industries to truly do that is a small one. I am deeply skeptical.

Well. Worked in investor relations and used to write c-suite facing reports that executives used for strategic purposes. Wrote stock market reports that were read out on CNBC by our owner. Talked with fund managers daily about their view on the balance sheet, capital allocation and the use of FcF daily.

And I read.

Edit: to your point, expertise would be in diversified industrials, REITs, and financial services.

Lol.

 

[billybud]

Ahh....all I need to know about finances and sports is found in that biblical tale....

A program can be betrayed for 30 pieces of silver.

 

[JohnFSilver]

Ahh....all I need to know about finances and sports is found in that biblical tale....

A program can be betrayed for 30 pieces of silver.

You mess with the bull you get the horns!

Lol. It really isn’t that difficult or complicated. Just a lot of jargon. Anyone can do it .

 

[huskyrob1]

Incorrect observation. At one time UConn played in Memorial Stadium and the Fieldhouse - both controlled by the University.
#ChiefCertified

Does it really benefit UConn at all to play games at the XL Center? Why not play all their home games at Gample? I can think of a lot of advantages for the men's and women's teams if they did that.

 

[Dooooooomed]

If Gampel sold beer, I'd be in favor of cutting off the XL.

 

[J187Money]

UConn has lost control of its football venue and half of their home BB games to quasi state agencies with politically connected leadership and staffed with expensive and inflexible union labor contracts.
All are ingredients for financial disaster.

Financial disaster for the school - but it just a transfer of money to the state from the school. And the state funds the school - mostly. So I don't even count that nonsense when I look at the deficit. It isn't real.

 

[JohnFSilver]

Financial disaster for the school - but it just a transfer of money to the state from the school. And the state funds the school - mostly. So I don't even count that nonsense when I look at the deficit. It isn't real.

Chief’s right IMO — the AD department has to justify expenses and salaries and ward of calls to cut because of the deficit. If you are going to ask the program to make money, then don’t handicap them by not allowing the football team to generate any of that parking revenue at its football games. They are not getting enough revenue out of Games at rentschler or XL IMO.

Warde Manuel used to say —“ I am just a tennant” when issues about Rentschker arose. UConn is very limited in what it can do, sell, allow at the XL and the rent.

I think UConn should take over management of those buildings, especially the rent.

 

[huskyrob1]

Warde Manuel used to say —“ I am just a tennant” when issues about Rentschker arose.

Warde also used to say "Just passin through".

 

[CTMike]

Well. Worked in investor relations and used to write c-suite facing reports that executives used for strategic purposes. Wrote stock market reports that were read out on CNBC by our owner. Talked with fund managers daily about their view on the balance sheet, capital allocation and the use of FcF daily.

And I read.

Edit: to your point, expertise would be in diversified industrials, REITs, and financial services.

Lol.

Careful or you’ll walk in to a chief ambush! Lolol

 

[ClifSpliffy]

UConn has lost control of its football venue and half of their home BB games to quasi state agencies with politically connected leadership and staffed with expensive and inflexible union labor contracts.
All are ingredients for financial disaster.

this is an interesting, thought provoking, and, sadly, troubling observation. I never thought about it like this. rats.

 

[whaler11]

Chief’s right IMO — the AD department has to justify expenses and salaries and ward of calls to cut because of the deficit. If you are going to ask the program to make money, then don’t handicap them by not allowing the football team to generate any of that parking revenue at its football games. They are not getting enough revenue out of Games at rentschler or XL IMO.

Warde Manuel used to say —“ I am just a tennant” when issues about Rentschker arose. UConn is very limited in what it can do, sell, allow at the XL and the rent.

I think UConn should take over management of those buildings, especially the rent.

Yes let’s raise an army and take back the red lot.

Once we have the red lot the blue will fall.

Why didn’t anyone ever think of this.

 

[Chief00]

Well. Worked in investor relations and used to write c-suite facing reports that executives used for strategic purposes. Wrote stock market reports that were read out on CNBC by our owner. Talked with fund managers daily about their view on the balance sheet, capital allocation and the use of FcF daily.

And I read.

Edit: to your point, expertise would be in diversified industrials, REITs, and financial services.

Lol.

As I said, the population “is a small one”. Perhaps , you are part of that small group per your post?

 

[huskymedic]

I think UConn should take over management of those buildings, especially the rent.

They contemplated it and had discussions w/ CRDA but it never came to fruition. Not sure if the numbers didn’t make sense in the end or they were backed off.

UConn Considers Submitting Bid To Take Over Management Of Rentschler Field

 

[Guapo]

They contemplated it and had discussions w/ CDRA but it never came to fruition. Not sure if the numbers didn’t make sense in the end or they were backed off.

UConn Considers Submitting Bid To Take Over Management Of Rentschler Field

It's actually a very simple answer: college sports belong on campus.

It seem obvious to almost every other state and school in the country.

 

[whaler11]

It's actually a very simple answer: college sports belong on campus.

It seem obvious to almost every other state and school in the country.

Quick question.

College basketball programs - last 20 years.

National Championships for those that play only on campus.

National Championships for those that play half their games in Hartford.

Based on the numbers - playing off campus doesn’t seem to be an issue

 

[Guapo]

Quick question.

College basketball programs - last 20 years.

National Championships for those that play only on campus.

National Championships for those that play half their games in Hartford.

Based on the numbers - playing off campus doesn’t seem to be an issue

Can you define playing off campus?

Playing at Rupp in downtown Lexington, steps from the UK campus is a lot different than playing Hartford.

 

[Da_Aisijimo_Gou]

Can you define playing off campus?

UCLA, USCwest, and scUM may be closer to UConn’s version of off-campus than most BCS schools.

 

[Hoophound]

Can you define playing off campus?

Playing at Rupp in downtown Lexington, steps from the UK campus is a lot different than playing Hartford.

I don’t know your age, but I’m 45 and I remember when I much preferred Hartford to Gampel. Hartford rocks when the team is good and opponent familiar.

 

[JohnFSilver]

Yes let’s raise an army and take back the red lot.

Once we have the red lot the blue will fall.

Why didn’t anyone ever think of this.

Not just parking. Concessions.

But think for a game, 7000 cars when sold out. Maybe more.

They contemplated it and had discussions w/ CRDA but it never came to fruition. Not sure if the numbers didn’t make sense in the end or they were backed off.

UConn Considers Submitting Bid To Take Over Management Of Rentschler Field

I’ll tell you what happened...They didn’t think UConn was qualified to run the arena.