TU94
2nd String
Posts: 475
Joined: May 2005
Reputation: 14
I Root For: Troy Trojans
Location: Daphne, AL
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New Orleans Bowl Expense Report
The Wiz of Odds is conducting a comprehensive study of bowl game expense reports. All of the data collected — expense reports for 56 teams and bowl surveys for 40 teams — are being posted on the site. Here is the latest installment. ... ...
New Orleans Bowl Expense Report
(Click on link for complete story)
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05-23-2011 02:02 PM |
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FloridaJag
All American
Posts: 3,390
Joined: Oct 2010
Reputation: 46
I Root For: USA, FSU, and UWF
Location: Florida
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RE: New Orleans Bowl Expense Report
(05-23-2011 02:02 PM)TU94 Wrote: The Wiz of Odds is conducting a comprehensive study of bowl game expense reports. All of the data collected — expense reports for 56 teams and bowl surveys for 40 teams — are being posted on the site. Here is the latest installment. ... ...
New Orleans Bowl Expense Report
(Click on link for complete story)
Thank you very much for the link. The truth is hard when you acknowledge it. The bowls are a rip off.
When the Bowl Championship Series (BCS) announced matchups for its five games last December, the Fiesta Bowl was handed the biggest clunker of them all — Connecticut vs. Oklahoma.
But Fiesta officials never had to worry about monetary risk because they were handing off the financial burden to the Huskies and Sooners.
Each team, as part of the agreement to play in the Glendale, Ariz., game, had to purchase 17,500 tickets with a face value between $105 and $235.
Combined, Connecticut and Oklahoma sold only 8,338 of their allotted 35,000 tickets. That left the schools and their conferences on the hook for a jaw-dropping $5.14 million in "absorbed" tickets — or tickets that go unsold to the public or have to be purchased by the university for use by staff, families of players, coaches and even the band.
Last season marked a record 35 bowl games and nearly every game required teams to purchase a minimum number of tickets. Teams, in search of prestige, never hesitate to take on the financial burden.
It is a system that pays dividends not only for the bowls — seven of which are owned and operated by ESPN — but coaches and administrators who get bonuses because their teams played in the postseason. The losers are many, including athletic departments, students who help fund the program through fees, taxpayers, and fans who desire a Division I-A playoff.
Point Blank: The schools have to pay to be in the bowl games. The coaches are paid for their silence with bowl appearances...not wins
5.14 million dollars...come on man! We need a playoff. I can't wait!
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05-23-2011 03:51 PM |
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