College Football Claiming Poverty

[ruxCYtable]

The sporting event is still happening so it's not shutdown.

Are they making ticket revenue? No.

 

[cycloneG]

Are they making ticket revenue? No.

They're still making millions. Shutdown means zero revenue.

 

[Gunnerclone]

@Gunnerclone , I've always sorta been curious about this answer as well. I assume it's way better than what most people get.

Ghost Toof

 

[VeloClone]

Ghost Toof

 

[CyJam]

If Pollard budgeted with reserves to cover a missed football season, he would be ripped apart by the BOR, legislature, and the public (and rightfully so).

 

[Gunnerclone]

If Pollard budgeted with reserves to cover a missed football season, he would be ripped apart by the BOR, legislature, and the public (and rightfully so).

I feel like that wouldn’t be true right now.

 

[LancelotClone]

Gunner's recent threads point to needing attention he is not receiving in real life, or he is angling to be the first CFer only allowed to post in the Cave for the safety of the general population.

 

[alarson]

I think there's a bit of both sides here.

There's no way that college athletics could fully plan for something as bad as this. But they probably could have also had more rainy day contingencies so things didnt immediately go to **** the second revenue started falling. And this isnt on one school, the whole arms race of facilities improvements, coaching salaries, etc, has resulted in universities that are raking in fantastical sums barely showing any profit at the end of the year. The problem is, how to rein that in? Once one school goes and spends, others have to keep up or die.

 

[dualthreat]

Have you seen a fan in the stands at any sporting event recently?

the state softball tournament had fans elbow to elbow. Many not wearing masks.

Just to answer the question.

 

[NorthCyd]

If Pollard budgeted with reserves to cover a missed football season, he would be ripped apart by the BOR, legislature, and the public (and rightfully so).

To suggest that's even possible is fantasy land anyways.

 

[Mr Janny]

I think there's a bit of both sides here.

There's no way that college athletics could fully plan for something as bad as this. But they probably could have also had more rainy day contingencies so things didnt immediately go to **** the second revenue started falling. And this isnt on one school, the whole arms race of facilities improvements, coaching salaries, etc, has resulted in universities that are raking in fantastical sums barely showing any profit at the end of the year. The problem is, how to rein that in? Once one school goes and spends, others have to keep up or die.

This. It's not unique to Iowa State. It's indicative of an entire business model that demands huge spending just to keep pace.

That doesn't make it wrong, but it does warrant some further inquiry into the state of things.

 

[Clonefan32]

I think there's a bit of both sides here.

There's no way that college athletics could fully plan for something as bad as this. But they probably could have also had more rainy day contingencies so things didnt immediately go to **** the second revenue started falling. And this isnt on one school, the whole arms race of facilities improvements, coaching salaries, etc, has resulted in universities that are raking in fantastical sums barely showing any profit at the end of the year. The problem is, how to rein that in? Once one school goes and spends, others have to keep up or die.

So not playing leaves us in a 50 million dollar budgetary shortfall instead of a 62 million dollar budgetary shortfall.

Unless you operate on the athletics budget of Central College you weren't going to be able to save enough to get through something like not playing any college football. There's no level of planning that could cause this shortfall not to exist.

 

[NorthCyd]

I think there's a bit of both sides here.

There's no way that college athletics could fully plan for something as bad as this. But they probably could have also had more rainy day contingencies so things didnt immediately go to **** the second revenue started falling. And this isnt on one school, the whole arms race of facilities improvements, coaching salaries, etc, has resulted in universities that are raking in fantastical sums barely showing any profit at the end of the year. The problem is, how to rein that in? Once one school goes and spends, others have to keep up or die.

Read the article I posted in the thread earlier. Take non-profit motivations and add in accelerating revenue with zero sum competition and this is what you get. Its going to take a massive change of the system to change behavior because the current system essentially requires athletic departments to behave the way they do.

 

[SEIOWA CLONE]

the state softball tournament had fans elbow to elbow. Many not wearing masks.

Just to answer the question.

The state baseball tournament spread the people out, the 4A game was sold out, and plenty of empty seats all over the stadium. So maybe a couple thousand people tops for it, the other 3 finals had less, with a ton of empty seats.

How do we stop the arms race, it started with the BTN contract, then of a sudden, schools that struggled getting fans, no longer needed to draw as they were getting a huge yearly check from TV. They could now afford to invest in modernizing their stadiums, and that in turned started to bring in more fans. Coaches like the guy at Purdue would have jumped at the chance to leave and return home, but Purdue can now afford to pay him 4 million a year to keep him, and give him everything else he wants. So now coaches can make a lot of money and stay at schools with less pressure to win, and wait for the plum job to come along. That was not the case before the large TV money started to roll in.

No one knows what types of reserves that Pollard has stashed away, but if we have too we can extend the loan payments on projects already built and delay building others like the bridge over University Street and others, down the road a few years.

 

[Clonefan32]

:: A fly lands on someone's shoulder, who in an attempt to shoo it away accidentally hits a passerby, who is sent off balance into the road, which causes a car to swerve into a nearby light pole, which is sent toppling into a transformer, which explodes at the exact time a truck carrying hazardous waste drives by, with that explosion igniting a nearby fuel tank, the explosion of which decimates Jack Trice Stadium, causing us to have to build from the ground up and forfeit the 2020-201 football season::

"How can JP not have seen this coming and prepared for it?"

-- Gunner, probably.

 

[rochclone]

omfg go tell your mom, too. Why don’t you @ some of the mods so they know that you’re their boss.

I'm not the guy that is constantly setting flames around here. It gets really old.

 

[NorthCyd]

:: A fly lands on someone's shoulder, who in an attempt to shoo it away accidentally hits a passerby, who is sent off balance into the road, which causes a car to swerve into a nearby light pole, which is sent toppling into a transformer, which explodes at the exact time a truck carrying hazardouse waste drives by, with that explosion igniting a nearby fuel tank, the explosion of which decimates Jack Trice Stadium, causing us to have to build from the ground up and forfeit the 2020-201 football season::

"How can JP not have seen this coming and prepared for it?"

-- Gunner, probably.

 

[BCClone]

:: A fly lands on someone's shoulder, who in an attempt to shoo it away accidentally hits a passerby, who is sent off balance into the road, which causes a car to swerve into a nearby light pole, which is sent toppling into a transformer, which explodes at the exact time a truck carrying hazardous waste drives by, with that explosion igniting a nearby fuel tank, the explosion of which decimates Jack Trice Stadium, causing us to have to build from the ground up and forfeit the 2020-201 football season::

"How can JP not have seen this coming and prepared for it?"

-- Gunner, probably.

The footbridge. The truck would have glanced off the overhead bridge structure and careened into the open parking lots and exploded their. Allowing us to get new pavement for the lots from the insurance carrier.

 

[coolerifyoudid]

:: A fly lands on someone's shoulder, who in an attempt to shoo it away accidentally hits a passerby, who is sent off balance into the road, which causes a car to swerve into a nearby light pole, which is sent toppling into a transformer, which explodes at the exact time a truck carrying hazardous waste drives by, with that explosion igniting a nearby fuel tank, the explosion of which decimates Jack Trice Stadium, causing us to have to build from the ground up and forfeit the 2020-201 football season::

"How can JP not have seen this coming and prepared for it?"

-- Gunner, probably.

I dunno, it sounds like JP just saved a bundle on demolition.

 

[Clonedogg]

Has anyone mentioned the Non-profit status athletics departments operate by to save millions in taxes? In order to keep that status they have to spend the money, they cannot squirrel it away for a rainy day.