I thought this was a somewhat interesting look into the economics of a bowl game. Numbers obtained via a FOIA request.
Michigan Profits $79K from Sugar Bowl
It looks like that number does not include overhead (coaches salaries, etc). So that covers like a month of mattison's salary. Interesting...
I wonder how much the Sugar Bowl's director profited off the game.
That's a sunk cost though. It's not as if Mattison wouldn't get paid for that month if Michigan didn't go to a bowl. BCS win bonuses, on the other hand, likely greatly outweigh the small profit. I think Hoke's contract included something around 75k or maybe even 6 figures for winning a BCS bowl.
Important to note though that this does not include the possible money we'll get from the bowl payout.
That's not very much
sold every ticket, and still lost money on the BCS title game, I'd say its a lot.
They included the bonuses paid to the coaches for winning a National Championship/Bowl Game as Sugar Bowl expenses.
I think that's a stretch.
Not that I doubt you, it's just nice to know where you get this info from.
I personally think the article's headline is a bit misleading because the "profit" was on Michigan's expense allowance for the game, and does not include Michigan's share of the remaining bowl revenue for the Sugar Bowl and other bowls. Unless the conference had to pay more in unused tickets than it received for its bowl bids, Michigan should still pocket a nice chunk of change from its share of the remainder.
Yeah, I felt kind of suckered by that too... despite the misdirection of the headline, I still thought it was interesting enough to post.
Awesome. I'm sure guys in white suits are cashing their $500k checks as we speak
Well, I won several hundred at Harrah's in New Orleans the afternoon of the game. So there was that.
$200 via the Mandalay bay sports book. Looks like we both had a good day.
Shouldn't have sent the band...
He didn't say anything about any figures for any other schools. How many tickets did Wisconsin fail to sell? Why not give us a reference point before saying that Michigan cost the Big Ten all of this money.
Better than losing money. How did VaTech do on the deal
Most teams lose money on bowl trips. Would have been nice to see better ticket sales, but it is tough to sellout a midweek game after New Year's Day.
Completely agree. Even though I went to the game, it would have been nice to spend one more day in New Orleans and not have to sprint back to Ann Arbor. I know a lot of people who chose to not attend because of school or work.
I watched the game and really enjoyed it...had a lot of fun...profitable evening by me
There's always money in the banana stand!
Arrested Development reference? Posbang.
Unfortunately, as some of responses in this thread show, many people don't read past the headlines.
They are going to get shares from everyone else's bowl games, too. Also, the band, cheerleaders, and "school officials" all got free trips to a bowl game, including food and lodging.
I think Michigan did just fine here. But I'll bet the Sugar Bowl did a lot better.
Seeing Hemingway get choked up with emotion was worth at least another $79,000.