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Published byErik Hodges Modified over 8 years ago
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Take out note sheet from the other day
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Economic Impact of College Athletics Chapter 2.2 (continued)
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Benefits to the Community Good for Town Business Restaurants might have specials for Fans (ex. If the team scores a certain # of points) Bring ticket stubs from game Stadium Business Captive audience—so they can charge higher prices
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TIME OUT A city with a popular college team can expect these revenues for one football game. Ticket sales: $3 million Hotel Sales: $210,000 to $420,000 Stadium food sales: $380,000 Restaurants, shopping, transportation: $210,000 to $420,000
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Some that you found out… Nebraska 81,000 * $50 = $4,050,000 Notre Dame 80,975 x $250 = $20,243,750 Alabama 101,821 x $68 = $6,923,828 Basketball Mississippi 9,061 x 23 = $208,403 KU Jayhawks 16,500 x $45 = $742,500
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Sponsorships Sponsorships serve 2 purposes: 1. Generating revenue for the college program 2. Selling their products during the event TV & Radio payments add up to over $1 million each year for major universities. Half-time shot—new car
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Licensing License is the legal right to reproduce a team’s logo in exchange for payment University must: Protect the use of the athletic dept.’s name and logo. Have an attractive logo (some update) Example— Cornhuskers to Huskers In 1997—colleges & Univ. agreed to 2,000 licenses worth $2.5 billion. (clothing, posters, video games, software, rugs, & photos)
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Conference Realignment Conference is a group of college athletic teams within the same region. Big 12 PAC 10 Sometimes they must realign (Big 8, Big 12, now Big 10)
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Amateur Sports Amateur athlete is someone who does NOT get paid but plays for enjoyment, challenge, or both. Fastest growing amateur sports: Ice Skating Soccer Basketball Baseball and softball
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Assignment Our city depends on the University football team for a large percentage of its income. Help your Chamber of Commerce develop a brochure promoting the city’s attractions that are not college or football related. List 10 attractive features of the city, and write a short description of each.
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