E.T. Posted January 12, 2006 Group: TBP Subscriber III Topic Count: 4,751 Content Count: 37,672 Reputation: 2,364 Days Won: 29 Joined: 12/24/2001 Share Posted January 12, 2006 Price of prestigeBy GREG AUMAN, Times Staff WriterPublished January 12, 2006--------------------------------------------------------------------------------TAMPA - USF spent more than $1-million on its first ever bowl trip and projects a profit in the ballpark of $82,000. The Bulls' largest expense was paying for about $380,000 in unsold tickets because it had to guarantee 12,500 tickets for the Meineke Car Care Bowl on Dec. 31 in Charlotte, N.C. When sales totaled about 6,200, the school had to purchase the rest.USF received $1.1-million from the Big East for appearing in the bowl. All bowl and television revenues are pooled and shared by conference members. The schools that appear in the games receive a supplement toward expenses.Final expense reports aren't in, but USF expects most to come in about as budgeted, said Rick Costello, the athletic department's chief financial officer.N.C. State, which beat USF 14-0 in the game, also spent about $1-million, despite selling its full ticket allotment and not needing to charter flights, two expenses that consumed more than half of USF's budget."It's expensive to travel for that long with such a large group of people, but we had three core values we wanted for the bowl," USF athletic director Doug Woolard said. "We wanted as good an experience as possible for the players and coaches. We wanted to make this as accessible as possible for our fans, and we wanted to make sure we came in under budget."The tickets were budgeted as a $400,000 expense, and by comparison, the total cost of air and bus travel, housing and six days of meals in Charlotte for USF's bowl contingent of 96 players, 47 coaches and other personnel and 29 bowl support staff was budgeted at $410,000.The Bulls are only able to turn a profit because of the league's supplement. The bowl paid $750,000, but the Big East provides a higher payout from its bowl pool."One of the reasons why we supplement the bowl payouts is to help ensure that schools aren't overly concerned about the finances of their trip," said John Paquette, the Big East's associate commissioner for communications.In addition to the bowl supplements, the Big East pays each of the eight football-playing schools $2-million from the league's pool of bowl and television revenue.The Bulls' bowl committee first met in October, and Woolard appointed Costello as the head."It was quite a learning experience for everyone in the department," said Costello, thumbing through a bulging three-ring binder that was USF's "bowl Bible." "The amount of work that was involved ... we talked to Florida, Florida State, Central Florida, just to see how they would handle the things that would pop up."There are tiny expenses that can add up: $2,500 for a police escort for team buses, $1,000 for laundry service in Charlotte, $3,500 to rent a high school field for game-week practices, $400 for sideline heaters at the stadium and even $300 for ice and water.To feed 96 players and the team's coaches and personnel, USF budgeted $50,000, and even if you include the other 76 members of the athletic contingent, that works out to $48 per person per day. The Bulls also had to transport, house and feed a combined260 students from the Herd of Thunder marching band, cheerleaders and the Sun Dolls dancers. There are unexpected expenses. Because USF typically closes its campus housing during the holiday break, the budget included $5,000 for housing in Tampa since dormitories were specifically opened for players, as well as the band and spirit squads."If you saw the pep rally or the luncheon, the total support and impression that we left N.C. State and the Meineke bowl staff and the city of Charlotte with was tremendous," Costello said.The NCAA allows players participating in a bowl to have a $20 per diem for incidental expenses. USF budgeted the maximum allowed by the NCAA - $350 per player - for bowl awards such as warmups, shirts, plaques and commemorative rings. Coach Jim Leavitt and his assistants earned $100,000 in bonuses for playing in a bowl game.Because the bowl schedule calls for players to make a second trip home over the holiday break, the NCAA allows schools to reimburse players for their round-trip mileage. USF reimbursed players at 29 cents per mile, and budgeted $10,000 to cover mileage.N.C. State, which beat the Bulls 14-0 in Charlotte, had a nearly identical total budget of $1-million, yet the school's relative proximity allowed them to avoid the cost of a chartered flight, and the Wolfpack sold its full allotment, eliminating two costs that represented more than half of USF's total expenses.For the Bulls, the Charlotte trip was an important first step as a young football program. They're optimistic that improved ticket sales will help the financial impact of USF's next bowl game."We can definitely make some improvements next time around, but overall, I think it gave us a very favorable impression," Costello said. "The ticket expense, as we continue to grow, that will go away, and that will help the bottom line." Link to comment Share on other sites More sharing options...
mutt Posted January 12, 2006 Group: Member Topic Count: 238 Content Count: 4,139 Reputation: 39 Days Won: 1 Joined: 09/20/2004 Share Posted January 12, 2006 Well lemme tell ya, if our next bowl game (Sugar Bowl) is anything like is was in Charlotte, we should have a helluva turnout. I can't say enough good things about it. Link to comment Share on other sites More sharing options...
Guest Posted January 12, 2006 Share Posted January 12, 2006 USF spent more than $1-million on its first ever bowl trip and projects a profit in the ballpark of $82,000. So much for using the extra bowl money to hire a new O.C. Link to comment Share on other sites More sharing options...
BULLheaded Posted January 12, 2006 Group: Member Topic Count: 37 Content Count: 1,480 Reputation: 0 Days Won: 0 Joined: 10/08/2002 Share Posted January 12, 2006 So much for using the extra bowl money to hire a new O.C.Although that is just bowl revenue, I believe if you factor in the total Big East football revenue we would be 1.8 mill higher. Wasn't the payout mentioned at 2.8 mill total? Link to comment Share on other sites More sharing options...
BULLfreak Posted January 12, 2006 Group: Member Topic Count: 646 Content Count: 7,890 Reputation: 10 Days Won: 0 Joined: 10/07/2004 Share Posted January 12, 2006 82k doesnt include the big east tv money right? Link to comment Share on other sites More sharing options...
Joe Posted January 12, 2006 Group: Member Topic Count: 197 Content Count: 10,251 Reputation: 270 Days Won: 14 Joined: 08/16/2005 Share Posted January 12, 2006 No, it includes what we made off the bowl game I believe, including the payout. Link to comment Share on other sites More sharing options...
___ Eats It Posted January 12, 2006 Group: Member Topic Count: 1,088 Content Count: 8,158 Reputation: 107 Days Won: 3 Joined: 02/11/2004 Share Posted January 12, 2006 From what I'm reading... it says our Bowl Supplement was $350,000. Our share of bowl revenue and TV money was $2,000.000, for a total of $2,350,000. After $1M in expenses, we're netting a gross profit of about $1.35M. Link to comment Share on other sites More sharing options...
Joe Posted January 12, 2006 Group: Member Topic Count: 197 Content Count: 10,251 Reputation: 270 Days Won: 14 Joined: 08/16/2005 Share Posted January 12, 2006 Eatsit i think the profit is after our bowl revenue. Link to comment Share on other sites More sharing options...
Guest Omni on vactaion Posted January 12, 2006 Share Posted January 12, 2006 We get $750k from bowl plus $350k from Big East as a travel supplement.Of that $1.1 million we profited $82k.The remaining money $2 million would've been distributed to us whether or not we participated in a bowl and is our share of conference football revenues. Link to comment Share on other sites More sharing options...
Guest BullsFans Posted January 12, 2006 Share Posted January 12, 2006 According to the ST Pete Times the Bowl payout was $1,100,000..Total Expense $1,017,800....Projected Profit $82,200.In addition the BE pays the 8 football teams $2,000,000 from the pool of bowl and TV revenues. Link to comment Share on other sites More sharing options...
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