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NIL Thread (Name, Image, Likeness Rule)
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<blockquote data-quote="grue2" data-source="post: 1935745" data-attributes="member: 747155"><p>Given the size of the UI athletic department's debt ($2-300M), I'm not sure there actually is a pie to share. There is a lot of revenue. There are also enormous facility costs. I saw an article last week saying that Memorial Stadium needed more significant repairs. (It showed on a federal list for potentially allocating funds to save historical stadiums.)</p><p></p><p>MI football is an extreme outlier. They have a huge stadium - 107k seats, and they sell out. Their crap seats start at $55 (total crap opponent) $65 (mostly crap opponent). Their cheapest Big10 seats are $75 vs. IL. The cheapest seats vs. better opponents are $100+. </p><p></p><p>For comparison, Memorial stadium seats 60k, crap seats/crap opponents start at $15. A Prime A seat against the best opponent is $105. $100 gets you a season ticket in the horseshoe, which is a much better seat than much of the MI stadium.</p><p></p><p>If MI sold every ticket at their cheapest big10 seat price (big undervalue), and IL sold every ticket at their Prime C price (overvalue), and both stadiums sold out (MI will, UIUC rarely does), MI would make about $5M more gate per game.</p></blockquote><p></p>
[QUOTE="grue2, post: 1935745, member: 747155"] Given the size of the UI athletic department's debt ($2-300M), I'm not sure there actually is a pie to share. There is a lot of revenue. There are also enormous facility costs. I saw an article last week saying that Memorial Stadium needed more significant repairs. (It showed on a federal list for potentially allocating funds to save historical stadiums.) MI football is an extreme outlier. They have a huge stadium - 107k seats, and they sell out. Their crap seats start at $55 (total crap opponent) $65 (mostly crap opponent). Their cheapest Big10 seats are $75 vs. IL. The cheapest seats vs. better opponents are $100+. For comparison, Memorial stadium seats 60k, crap seats/crap opponents start at $15. A Prime A seat against the best opponent is $105. $100 gets you a season ticket in the horseshoe, which is a much better seat than much of the MI stadium. If MI sold every ticket at their cheapest big10 seat price (big undervalue), and IL sold every ticket at their Prime C price (overvalue), and both stadiums sold out (MI will, UIUC rarely does), MI would make about $5M more gate per game. [/QUOTE]
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NIL Thread (Name, Image, Likeness Rule)
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