'People are flat-out slobs': Jamie Pollard

[1SEIACLONE]

I don't disagree with you but at the end of the day college athletics are just becoming more of a luxury item than they have been previously.

But in the same token, $400k on a $21M shortfall doesn't move the needle at all. I understand maximizing revenues but is still less than 2% of the shortfall. This isn’t some magical fix. Its a tiny part of the grand scheme changes that need to happen.

The entire system is broken thanks to media dollars rolling in, selling alcohol is not going to be the deciding factor if ISU can continue on this level or not. But every dollar helps, even if it's only a 2% increase.

One of a couple of things are going to happen here, either the state starts kicking in more money, unlikely, or ISU is one of the schools that gets folded into either the SEC or B10 when they expand for the last time, and we end up with this new NFL light league. If neither occurs, ISU and other like schools will end up reforming new leagues with the MAC, Mountain West and smaller conferences moving forward.

 

[LAClone]

I don't disagree with you but at the end of the day college athletics are just becoming more of a luxury item than they have been previously.

But in the same token, $400k on a $21M shortfall doesn't move the needle at all. I understand maximizing revenues but is still less than 2% of the shortfall. This isn’t some magical fix. Its a tiny part of the grand scheme changes that need to happen.

If $400,000 doesn’t move the needle at all, neither can any donation I manage to scrape together.

 

[1UNI2ISU]

Would dram shop laws apply to them?

Yes. They still have to have a liquor license.

 

[CoachBob]

He's said multiple times it's not 100% up to him.

I would agree - but as the only state school not doing it I am sure if it was his desire it would not be hard to accomplish. IMO he is not interested and I am not interested in 20% donation increases and hold on when they reseat Hilton.

 

[Cyballzz]

I would agree - but as the only state school not doing it I am sure if it was his desire it would not be hard to accomplish. IMO he is not interested and I am not interested in 20% donation increases and hold on when they reseat Hilton.

They aren't going to make you donate 200 bucks to sit in the last row of the balcony corners calm down.

 

[bluestarcyclone]

One of a couple of things are going to happen here, either the state starts kicking in more money, unlikely, or ISU is one of the schools that gets folded into either the SEC or B10 when they expand for the last time, and we end up with this new NFL light league. If neither occurs, ISU and other like schools will end up reforming new leagues with the MAC, Mountain West and smaller conferences moving forward.

I don't think either of these scenarios is particularly likely.

The SEC\B10 have largely added every school that is additive to them at this time. Barring some school rising up significantly and changing their valuation (which will take significant time), the only real targets they might have are a couple of the most highly valued ACC schools.

This leaves the big 12 and ACC to largely stay how they are now, with the potential for the big 12 to be in a position to fold in the most valuable properties the Big 10\SEC don't take as the ACC will be in a hobbled position if it happens.

I think its actually more likely that if there's an 'nfl lite' its because the powers that be actually contract into a smaller but more elite group once the media partners say they can't keep the numbers going up in the current conference forms. Then you'd end up with the big 12\big10\sec\acc leftovers all out there on pretty even footing.

 

[StPaulCyclone]

It's no different than the state self insuring every state vehicle on the road. It's all built into the state budget.

Why would the state need to pay the state to insure something for the state? All 3 state universities have been selling liquor for decades in other venues. Just because this is in a stadium doesn't change anything.

Part of why I was asking. It‘s not uncommon to have charge backs to divisions/departments in the corporate world. Wasn’t sure how accounting was handled By the state.

 

[VeloClone]

No one is forcing you to buy a beer.

Also, the numbers he's throwing out there don't match what other programs have seen, so it seems like hyperbole to justify his stubbornness on this.

Link?

 

[VeloClone]

If the Squawks are making $3 million a season, it's crazy that we are not doing it, just for an added money stream. Unless EIU and UNI know more about selling and policing it, then Pollard is wrong here.

$3 million in sales, not profits. Out of that comes product, equipment, labor, security, spoilage and the concessionaire's take. JTS is also limited by the limited space for concessions. Lines are already long because of the small number of stands. Try changing a few of them over to beer and see how that goes. Or, if they all are selling beer you need a lot more regular employees and fewer volunteer groups working the stands so the costs go up.

 

[VeloClone]

For real. You're only taking in 16% of your own concession profits? I understand they outsource the service, but that seems a touch low.

How do you figure that? 400k is 16% of $2.5M but 16% of gross sales, not 16% of profits. Or are you donating all of the product, labor, equipment, security, etc. to help the AD out?

 

[Mr.G.Spot]

If the Squawks are making $3 million a season, it's crazy that we are not doing it, just for an added money stream. Unless EIU and UNI know more about selling and policing it, then Pollard is wrong here.

Revenues are $3 million....they aren't making $3 million.

 

[Mr.G.Spot]

But that changes for stadiums, a quick google search shows that if the team is selling it themselves, the profit margins can get up to as high as 90%. For many teams alcohol sells brings in a lot of money, and then opens up another revenue stream with getting a beer or alcohol company to purchase signs or other items inside the stadium. How much would a beer garden area set up by Miller or AB bring in to the stadium in extra funds, a lot I would guess.

Gross profit, operating profit or net profit at 90%?

 

[Mr.G.Spot]

If you read the story, it was $3.2 net from just football, and another $1.3 from all other sports. So they brought in total $4.5 million in revenue after sales tax the article states. Even if they only received half of that figure, that is over $2.25 million that is going to the athletic department,

U are convinced this is net profit? Really?

 

[Mr.G.Spot]

It's no different than the state self insuring every state vehicle on the road. It's all built into the state budget.

Why would the state need to pay the state to insure something for the state? All 3 state universities have been selling liquor for decades in other venues. Just because this is in a stadium doesn't change anything.

Because added revenue equates to added risk. That's why I'm saying because you're the last person on the block that gets the insurance for your house that they have no more exposure. They will have regulatory Reserves on last house for Insurance

 

[1SEIACLONE]

Revenues are $3 million....they aren't making $3 million.

Revenue is $4.5 million after taxes, that first number was what the OP posted, and even then it was really $3.2. million and was only for football, another $1.3 for all other sports, and was after taxes were paid.
If they are not making money, they wouldn't continue to sell it.

People think think these sports teams are not making huge amounts of money or losing money on the professional level are fooling themselves.

 

[Mr.G.Spot]

If $400,000 doesn’t move the needle at all, neither can any donation I manage to scrape together.

Please, don't make a donation. Why would you? Lol.

 

[1SEIACLONE]

Because added revenue equates to added risk. That's why I'm saying because you're the last person on the block that gets the insurance for your house that they have no more exposure. They will have regulatory Reserves on last house for Insurance

As some else posted, the university are self insured, so they are not taking out a large policy here. Exactly what risk are they taking out here selling alcohol? They can't sell all the beer and have to hold it over until the next week?
If the risk and reward was not enough to make up for it, then no stadium would be selling it.

 

[Mr.G.Spot]

Revenue is $4.5 million after taxes, that first number was what the OP posted, and even then it was really $3.2. million and was only for football, another $1.3 for all other sports, and was after taxes were paid.
If they are not making money, they wouldn't continue to sell it.

People think think these sports teams are not making huge amounts of money or losing money on the professional level are fooling themselves.

Nobody has said they aren't making money.

What is your definition of huge?

Nobody has said professional teams are losing money on booze.

 

[IcSyU]

Revenue is $4.5 million after taxes, that first number was what the OP posted, and even then it was really $3.2. million and was only for football, another $1.3 for all other sports, and was after taxes were paid.
If they are not making money, they wouldn't continue to sell it.

People think think these sports teams are not making huge amounts of money or losing money on the professional level are fooling themselves.

No one has said they aren’t making money.

 

[Mr.G.Spot]

As some else posted, the university are self insured, so they are not taking out a large policy here. Exactly what risk are they taking out here selling alcohol? They can't sell all the beer and have to hold it over until the next week?
If the risk and reward was not enough to make up for it, then no stadium would be selling it.

Duh.

If you have more revenues of alcohol, your reserves or insurance costs go up.

If u add a family member to your auto policy, it is not free.