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Post by Pakachoag Phreek on Mar 8, 2018 13:40:18 GMT -5
Was $625,000.
The college said part of the cost was recouped through ticket sales, but gane no amount. HC spending on football in 2016-17 was about a million more than in 2015-16, and the $625,000 accounted for much of the increased expense.
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Post by purplehaze on Mar 8, 2018 13:55:35 GMT -5
It certainly was a memorable event - but with a few regrets
We were supposed to be competitive for this game - not so It bugs me that Fordham did not contribute to this cost, and they're the NYC school - we were the home team ? ! And on top of that we played in the Bronx again in 2017.
Very curious motivation that HC undertook this endeavor with a total lack of partnership from the Rams.
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Post by joe on Mar 8, 2018 14:22:25 GMT -5
Our big venue game should be against BC at Fenway Park. There is great history to celebrate there. Yankee was cool but didn’t hit home as strongly. Apologize that I’ve posted this about 1,000 times in the last few years.
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Post by lou on Mar 8, 2018 14:32:34 GMT -5
Great weekend, worth every $ ... too bad we weren't more competitive - next time
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Post by hcgrad94 on Mar 8, 2018 14:56:27 GMT -5
Yes next time was last fall when we kicked FUs butt.
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Post by bringbackcaro on Mar 8, 2018 14:56:56 GMT -5
Was $625,000. The college said part of the cost was recouped through ticket sales, but gane no amount. HC spending on football in 2016-17 was about a million more than in 2015-16, and the $625,000 accounted for much of the increased expense. Are the full budgets out yet? It will be very interesting to see how much more we have been spending compared to ~5 years ago.
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Post by Pakachoag Phreek on Mar 8, 2018 15:54:25 GMT -5
HC spent $3.9M on football in 2011-12; $6.1M in 2016-17. The latter number includes the $625,000.
Football operating expenses were $336,000 in 2011-12; $1,273,000 in 2016-17. If operating expenses are subtracted from total expenses, the remainder is scollies, recruiting, and coaches salaries.
All direct spending on men's sports at HC was flat between 2015-16 and 2016-17 (after the $625,000 is subtracted).
All direct spending on women's sports is up by $1.2 million.
Indirect spending is up $3.3 million, but I think most of that is associated with Luth.
Total spending is $32.1M, second only to Lehigh among football schools, Lehigh has had a crazy indirect spending number for years.
Direct spending only 2016-17: Boston U spends $28.2M on M/W sports; Bucknell $23.9M; Colgate $22.1M; HC $22M; Lehigh $21.3M; the other three are below $20M. Lafayette with football is $18.25M
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Post by jflare on Mar 8, 2018 19:25:28 GMT -5
It certainly was a memorable event - but with a few regrets We were supposed to be competitive for this game - not so It bugs me that Fordham did not contribute to this cost, and they're the NYC school - we were the home team ? ! And on top of that we played in the Bronx again in 2017. Very curious motivation that HC undertook this endeavor with a total lack of partnership from the Rams. We were taken for a ride on this deal. Three years in a row in the Bronx. Paid all the cost and were totally destroyed on the field. Thank goodness we gave them a solid thrashing in the Bronx this past November. May we continue to do so each and every year in perpetuity !!!!
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Post by ncaam on Mar 9, 2018 2:15:45 GMT -5
What does Nate pine have to say about this?
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Post by hc80 on Mar 9, 2018 4:54:06 GMT -5
What were revenues that year? Ticket Prices were not cheap and the revenue must have exceeded $2 million... seems a pretty good return to get That many HC alums together for football.
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Post by Pakachoag Phreek on Mar 9, 2018 7:26:30 GMT -5
What were revenues that year? Ticket Prices were not cheap and the revenue must have exceeded $2 million... seems a pretty good return to get That many HC alums together for football. At the FCS level for football, at least 99 percent of the schools lose money. The revenue total includes the school's subsidy. There is no breakout of revenue by source, e.g., ticket sales, broadcast rights, donations to athletic fund, etc. The NCAA does produce an annual report that displays median aggregate values for revenue by source, e.g. ticket revenue. It is near impossible to identify individual institutions in the NCAA report, though through an educated guess the outliers can be identified. (Match average annual attendance with an unnamed school that has high ticket revenue. At the FBS, particularly the Power Five, level, where total athletic revenues exceed expenses, the total revenue by sport will be broken out. For FBS schools for some 'minor' sports, one can manipulate the Title IX database to reveal revenue and expenses. For example, in 2016-17, BC's men's ice hockey had revenues of $2,672,000, and expenses of $4,071,000. There was no BC institutional subsidy of the program. BC's woman's ice hockey had revenue of $1,928,000, and expenses of $1,928,000. When revenues equal expenses, that's a tell-take sign the institution is underwriting (subsidizing) the cost of the program. BC's women's basketball had revenue of $472,000 and expenses of $3,578,000 Who paid the unsubsidized difference between revenue and expenses for men's ice hockey and women's basketball? Football. BC's men's basketball had a 'profit' of about $600,000, but most of the revenue for men's hoops comes from the ACC distributions to member institutions. For the uberrich schools, e.g., Notre Dame, there is no university subsidy of a sport. For example, men's lacrosse at Notre Dame had revenues of $325,000 and expenses of $2,116,000.
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Post by CHC8485 on Mar 9, 2018 9:49:10 GMT -5
As I recall, my cheap tickets were ~$50.
With 21,000+ in attendance @ $50 per ticket you’re talking about $1,050,000.
I’m no accountant, but spending $625,000 to make $425,000 seems like a decent return. Throw in the good will generated among alumni from a weekend in NYC and I think Nate Pine and he BOT were quite happy with the investment.
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Post by 6sader7 on Mar 9, 2018 11:53:21 GMT -5
I don't think that Football should solely be responsible for footing the bill to rent the Stadium - I would think some money would come from the Alumni Fund as they were also significant benefits of the event.
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Post by ncaam on Mar 9, 2018 12:07:05 GMT -5
Did Fordham get a cut of the gate?
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Post by KY Crusader 75 on Mar 9, 2018 12:14:39 GMT -5
As I recall, my cheap tickets were ~$50. With 21,000+ in attendance @ $50 per ticket you’re talking about $1,050,000. I’m no accountant, but spending $625,000 to make $425,000 seems like a decent return. Throw in the good will generated among alumni from a weekend in NYC and I think Nate Pine and he BOT were quite happy with the investment. If we had sold 50,000 tickets at $100 each those who hate Nate Pine would still criticize the project. Logic and accounting do not enter into their analysis.
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Post by Pakachoag Phreek on Mar 9, 2018 13:00:25 GMT -5
^^^ Explanatory note in HC Title IX report.
There is no way of identifying how much ticket revenue from the Fordham game is included in the total revenue for football amount.
Operating expenses for football went from $402,000 in 2015-16 to $1,273,000 in 2016-17. I'm certain that almost all the increase is associated with the Fordham game. _______________________ Athletically related fin aid for men's teams increased by $37,000 between 2015-16 and 2016-17. Athletically related aid for women's teams increased by $1,088,000. The four women's teams that seem to have gained the most with respect to increased scollies are lacrosse, rowing, swimming, and track and field.
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Post by bringbackcaro on Mar 9, 2018 13:09:42 GMT -5
As I recall, my cheap tickets were ~$50. With 21,000+ in attendance @ $50 per ticket you’re talking about $1,050,000. I’m no accountant, but spending $625,000 to make $425,000 seems like a decent return. Throw in the good will generated among alumni from a weekend in NYC and I think Nate Pine and he BOT were quite happy with the investment. If we had sold 50,000 tickets at $100 each those who hate Nate Pine would still criticize the project. Logic and accounting do not enter into their analysis. The straw men continue adding up! Certainly logic does not add into the equation when people are concerned with an athletic program that has ZERO Division 1 programs with a winning record this year.
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Post by Chu Chu on Mar 9, 2018 13:31:37 GMT -5
No question that the college stepped out of the box on this one, and it was certainly a risk. I think it was a good idea. I came from the West Coast with my wife and daughter for this game, and we made it into a very fun visit. Everything about the weekend was first class, and it attracted many attendees who have not been to a game for a long time or otherwise would not have been able to go to a Holy Cross football game. It was great for networking and purple socializing. If you dod not go, you missed out! I hope they try other ideas in the future, and would love to see a reprise of BC in Fenway someday!
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Post by classof83 on Mar 10, 2018 8:42:14 GMT -5
I went with my brother who is a Fordham grad. With the way the game went he was very gracious and we had a very good time even though the game wasn't competitive. After a while - looking around the stadium, it seemed to me that the event was a big party with a football game going on in the background.
I think it was a good idea, but I am not sure you would get the same turnout if it was repeated in the near future.
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Post by hcgrad94 on Mar 10, 2018 8:45:31 GMT -5
Did Fordham get a cut of the gate? Yes we took all the risk, fronted for the rental, then handed over ticket revenues to FU.
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Post by ncaam on Mar 10, 2018 8:55:19 GMT -5
So did we lose or make money? How much?
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Post by timholycross on Mar 10, 2018 9:52:40 GMT -5
Brown/Dartmouth drew 12,297 to Fenway. Comparable schools, not BCS (BCS like BC, UConn, UMass would no doubt demand a much bigger piece of the pie, so one would have to factor that into the equation). I'll let PP do the math (like he always does) as to whether playing a game there would be worth it.
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Post by Pakachoag Phreek on Mar 10, 2018 11:28:15 GMT -5
Brown/Dartmouth drew 12,297 to Fenway. Comparable schools, not BCS (BCS like BC, UConn, UMass would no doubt demand a much bigger piece of the pie, so one would have to factor that into the equation). I'll let PP do the math (like he always does) as to whether playing a game there would be worth it. Let me answer this indirectly. In the case of the DCU Center, looking at their public financial statements, DCU's revenue from hosting an event basically comes from three sources: rental of the space; ticket 'surcharges'; concessions. For this fiscal year ending June 30, 2017, the main sources of operating revenues for the DCU Center were 35 percent from food and beverage income (net, about 40 percent above cost) 31 percent from event income 15 percent from ticket service fees It does seem that DCU seeks to get 100 percent of the concession revenue. Thus, its possible that DCU charged HC more for commencement than for a basketball game, on the basis that concession revenue would be low, or non-existent for commencement. Turning to Fenway Park, I would think the rental cost would be less if there was more than one football game being played that season. A one game event at Fenway would be prohibitively expensive unless you're Notre Dame. HC would forego all revenue from concessions. And John Henry might give a further discount on venue rental if he felt that the 33,000 fans would be paying an average of $100 a ticket (assuming Henry would get 10 percent of face value price).
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Post by hc87 on Mar 10, 2018 11:56:04 GMT -5
I'm not certain HC-BC at Fenway would the "event" many would hope for. Really not a destination spot for many alumni of both schools as most have been to Fenway countless times already. Sightlines for football in many parts of the park are poor at best. Impossible to "football tailgate" in that area etc etc
Not against it...I just don't think it's that much of an upgrade to having the game in Chestnut Hill this coming Septembah.
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Post by lou on Mar 10, 2018 12:25:30 GMT -5
Sightlines at Fenway for football might be better than baseball, I remember one game where all I could see was Trot Nixon, another game sitting near the bullpen, I could only see the pitcher and batter
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