Michigan Profits $79K from Sugar Bowl
I thought this was a somewhat interesting look into the economics of a bowl game. Numbers obtained via a FOIA request.
Important to note though that this does not include the possible money we'll get from the bowl payout.
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.
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.
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.
what cannot be managed or made in financials...can be made up in recruiting value. What does a 17-18 year old football player think seeing a return to BCS victory for a historic program like Michigan? I'd guess the current list of commits and the future of sales/bowls/recruits is more than money can buy. I'm good with it.