All that progress has a price. As long at 110,000 people will pay to see the 2010 team, there isn't any need to maintain prices.
DB's latest blog: Pull out your wallets?
but as prices go up and rabid fans are priced out and even students begin to get priced out you become more and more like a pro team. Fans can become less engaged, playing at home is less of an advantage, and recruits are less likely to want to play for a corporate dead stadium.
Long term there can be so many drawbacks to the "if people keep buying tickets we'll keep raising prices" strategy. I hope DB realizes this.
I'm not really sure I buy this. Rabid fans are the least of your worries for being "priced out", and if raising student ticket prices weeds out all of the students who don't really care about the games then I can't say I'd be disappointed.
As a consumer, I obviously don't want to pay more, but if there are 110,000 people willing to pay the price of admission each week I can't really blame the athletic dept for raising prices.
i think rabid fannery is more likely among a younger poorer crowd all else equal. the blue hairs ain't exactly keeping the big house fulla noise.
Appreciate the quieter moments so we can check our financial accounts on our iPads and look down upon the rabble.
I feel like we're having a classification problem here:
Gray hair = cool.
Blue hair = not cool.
Of course in some people's minds, the gray/blue discussion is like the maize discussions(high-lighter yellow, etc.).
Lol at weeding out students who don't care, those students already don't get tickets you are weeding out students who pay for their own tickets and don't have their parents paying for them, you know who has cheaper student tickets than Michigan? Texas, Alabama, Ohio state, you know all places that both make more money off of their football teams than we do and also have a reputation as tougher places to play and always sell out. I know I for one would prefer to see ads in the big house and lower prices but I guess I am alone on this one.
Right on man! Our students care so much that they consider it hard work to wake up for a noon start, so that they can get there around 12:30
OK. I wouldn't blame them for raising prices, either, if they didn't insist on calling it "amateur" athletics and allowed the "student-athletes" to make a little bit of spending money off of their fame.
I propose that the NCAA allow athletes to have a paypal button to put on their FB and Twitter accounts with the word "donate."
Do the drawbacks include not actually selling out the stadium? No other drawback exists to an accountant.
To a pure businessman, not maximizing profits is the only unforgivable sin.
You want to maximize value not profit. That's the first rule of finance.
As long as they keep the student prices affordable and work to make sure every student can have a ticket if they get the form in on time, they can do whatever they want with the rest of the prices. Getting the next generation of wealthy alumn hooked when they can only afford Ramen is the best long-term strategy.
if placing a coca cola sign under the video screen can generate $1M per year and maintain the ticket prices for a while, I'm for it.
No ads in the stadium.
You get what you pay for. Mattisons cost more than Gergs. And if you want to keep the Basketball growth on track then Chrysler Centers need to be at least as good as Breslins.
I may be in the minority (at least on this board) but I am willing to pay more if it means we get more. And I have been.
I see DB finally sold the naming rights to Crisler to Chrysler :(
Raise your hand if you don't think DB has thought very seriously about that multiple times.
That's no one? Okay then.
Crisler but otherwise no problem with what your saying.
Jesus I'm having a rough day with spelling. First i re-name the Packers back-up QB Wynn and now i've f'd up Crisler.
"Smart" and "Realistic" sound like code words for "Advertising" as much as for ticket price increases. Not surprising, either, since I think price increases are the new normal regardless of whether he is aggresive or not.
People can invent any idea, ascribe it to someone else, and say that person's words are code for that idea. Please enough with the advertising in the stadium.
Perhaps I should specify, 'sound like to me."
I want neither, but Brandon is looking for many sources of revenue.
Perhaps I should specify, 'sound like to me."
I want neither, but Brandon is looking for many sources of revenue.
I really hope they don't jack football ticket prices again. But if they do, yes I will pay it
and more about fundraising campaigns, the selling of luxury suites and other pricy options. The seat prices have already gone up for this year. I'm thinking more along the lines of, "For only $10,000, you can personally attend yet another weekend session where the coaches talk about football shit you can't begin to comprehend.
Hmm.... it occurs to me that maybe the thing that hasn't gone up in awhile (since its inception, I believe?) is the PSD for football. That's it...he's brainwashing us early for a PSD increase in 2013.
Be ready to pay a seat license for Yost soon. It is coming as well.
When they complete the stadium bridge over state street, there will be tollboths for game days.
One of you billionaires could just donate a big chunk of money and save us little guys from dealing with all this stuff...
You can be one of the 22 FBS athletic departments that is self-sustaining (i.e., sort of a business by itself), have 29 varsity sports (but only three that make money) and have a budget that is over $100 million and still have some rather pressing choices to make.
I understand the desire to keep themselves in this rather envious position really, because I believe the average FBS athletic program is actually in the red by millions, and this actually helps keep prices lower than they could be when they don't rely solely on ticket sales (although obviously it is a substantial revenue stream).
Still, he is being truthful when he talks about the actual extent of the need for facility replacement and upgrading really, and you can only get so much financing - as I recall from a Washington Post article, they've already set aside about $13 million for debt servicing, so I don't know if getting more financing would be where you want to go when you're already projecting temporary shortfalls due to the Crisler renovation and Yost upgrades alone.
I really do think he was talking more about more marketing campaigns and some more aggressive fundraising. However, Michigan being the brand it is, the price elasticity of Michigan athletics has proven itself over the years to be quite, well, "inelastic". In any event, the way he worded this makes me believe he was targeting the high-end donors and suite dwellers.
However, Michigan being the brand it is, the price elasticity of Michigan athletics has proven itself over the years to be quite, well, "inelastic".
Especially with the cost of season tickets rising with the changes made to the waitlist (so the ticket cost is less of a concern than the Victors Club points required, I would imagine), I bet the AD could raise football ticket prices by 25% and see no change in demand.
Seeing someone actually run PED numbers for Michigan, Alabama, Notre Dame and Nebraska would be very interesting reading. I would venture to guess that price point elasticity of those tickets beats almost any other product on the market (excluding essential staples and whatnot).
I'll kindly fork over some more dough for what Brandon has done for this athletic program. He found us a coach, finalized Michigan stadium, and updated Crisler immensely. The HD scoreboards in all the stadiums are amazing as well. The updates and renovations are only going to help us put a better product on the field. It will draw recruits and they will get us the titles we need. If we don't act now, we will fall behind in technology and quality for all of our programs.
The renovations to the stadium came from Sailboat Bill. So too were the first phase of Crisler and arguably the phase II as well. All of the other facilities were updated over the past decade including the Ross Academic center.
Credit is where credit is due. Other than the HD boards and renovations for Yost this summer, Martin should be given proper mention.
I knew bill went forward with the renovations on the Big House but I didn't know he also did Crisler. My mistake on that, but what I ment was is that Brandon finished off the Big House with the lights and the HD boards.
I wounder if DB was the one in charge when the Bighouse was in the planning stages for this last upgrade would we of gotten skyboxes or something closer to the idea many had of just adding 20-30k more seats.
20-30k more seats would pay for themselfs much faster than the skyboxes would I think.
He wasn't in charge for all that. Anyway though, what people miss is that that the entire stadium was renovated. They didn't just add skyboxes. The skyboxes will help pay for the remainder of the renovation much faster than would have happened otherwise.
Adding 20-30K seats would require finding that many people to fill them. I'm not sure if we could pull that off.
BUILD A GOD DAMN TRACK AND FIELD STADIUM
....and a ping-pong arena as long as we're pissing away money! (I know I'm going to get negged for this but I couldn't resist.....)
Clearly, the only reason to dislike $80 tickets for EMU is because RR got fired. Honestly, I'd go to more games if the tickets weren't so damn expensive, and I'm not poor.
As much as I hate to say it, I got a pair to EMU last year for 34 bucks, Minny $76 for three tickets, SDSU $90 for a pair. I missed ND and WMU and the only game I paid face value for was Nebraska because I bought them early (father in law played for 70's NC team).
As a friend constantly reminds me about my season tickets when I bitch every year about what I pay for them, my pair of tickets to the OSU game cost $1000. All the others are free.
How about fining season ticket holders who sell their tickets to opposing fans? As one who spends 6 games per year sitting next to 'overly vocal visiting fan' I think $1,000 per occurrence would be fair. Maybe this is Brandon's idea.
for usernames corresponding perfectly to posts, you would have to be in it (completely agree with you by the way, just had to point that hilarious occurrence out).
Thank you. It was between this and 'M-So-Witty' but that seemed borderline pretentious.....
Just so you know, I'm employing a strict policy of posbang-on-sight for you. Best username ever.
Well then, you are welcome to come on my lawn anytime between 6am and 4:30pm.....but don't bring any of those rabble-rousers you call friends
PSD's are coming to Yost after the renovation is done. Victors Club point thresholds are already so far out of whack that anybody who isn't essentially a millionare is back down to the bottom of the heap, ready in a year or two to be shuttling into the stadium from Briarwood. Basketball PSD's are about to screw over a bunch of intensly loyal fans who paid for tickets through some of the most dismal days any program at Michigan has ever seen.
But at the end of the day, just like that article a few weeks ago about the San Diego Chargers, Dave Brandon doesn't care about you. He cares about the person who will pay him what he wants so he can achieve the goals he wants. The loyalty and community the Victors Club was built on 35 years ago is out the window. I was raised in that atmosphere, throwing the football around at Victors Club luncheons where everyone, from the lowest to the highest bidder, was treated with the same respect and hearty handshakes from the University brass. Those days are gone. It's a new era, and it's all about cash, and cash now. Have more? You get more "experience."
It's too bad, but them's the breaks. It's a bummer I won't be able to provide the kind of experiences through Michigan Athletics that my parents were able to provide for me on a middle-class salary and a (what was billed to be a) Victors Club "life membership." But I've come to the conclusion that I can have just as much fun with my kids throwing tailgates in the living room, and really hyping the couple trips to the stadium we'll get to have every year with grandpa and grandma.
The football and basketball programs are already self sufficient. What Dave Brandon should have said is that we need football and basketball to subsidize the non revenue sports where we pay full scholarships for something in which people have little interest.
You forgot hockey. Michigan Hockey is one of less than a handful of D-1 hockey programs that sustains itself. You'd be shocked at the number of big-name programs that take a monumental loss to field a hockey team. Equipment costs are through the roof, facility upkeep eats cash like crazy, and fanbases aren't always big enough to pay for it all.
What does he mean when he says we people to "invest in the important work we do"? I think he's talking about investing in the facilities, not in the program, since the whole blog post is about facilities.
After that paragraph, he says that "big-time" college athletics is changing and that Michigan needs to "adapt." Of course he had to tack on a "while respecting our traditions."
Then he says we need to "build upon those traditions," i.e. change stuff that traditional people don't want changed.
It sounds like Brandon is about to piss off some traditionalists in his quest for cash.