While I'm very happy to hear that ISU and JP have decided to pony up enough cash for what hopefully will be a top notch HC and staff, my question is where is the money coming from? Expected revenue from ticket sales? or has a big time donor stepped up to the plate and gave the Athletic Department a very generous donation? Any clues out there in Cyclone Land?
JP has been laying the ground work with season ticket holders that the price of season and single game tickets tickets are going up next year. DMAC's departure and the GC hire will not change this plan.
Reseating the stadium based on donation levels will follow in the next couple of years. The higher Cyclone Club revenue from this will be important and I think with the recent coaching changes we will see Cyclone Club revenue go up even without the reseating.
Two more television games a year will pay for the increase in the assistant coaches salaries.
Any success at all on the field could increase average attendance by 5,000 per game at $50 per ticket or more would bring in another $1.75 million a year with a 7 game home schedule.
A bowl that pays us more than $800K will help pay the incentives in GC's contract, as will added TV revenue.
You get the idea, success will be very profitable even with the higher salaries. It is hard not to get excited based on the opportunity.
It is time for Iowa State to take the risk, and I for one am glad to see the changes over the last 15 months since JP got here.
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