Attendance Last Night

[OleGriz]

Speaking of attendance, does anyone know how much the NCAA keeps from ticket sales besides the bid to host a game?
Just wondering what the break even might be for the Griz on a bid of say $150k to host the opening round.
Go Griz.

My understanding of the way it works is that more or less the NCAA takes 75% of the ticket sales, with the host keeping the remaining 25%. The bid amount is a guarantee that the host will generate a certain amount of ticket revenue. Using your assumption of a $150k bid and the $35 dollar ticket prices last night, the break even point would be around 4,300 tickets sold. As long as the total sales are more than the bid amount, the bid is irrelevant and the 75/25 split occurs.

For example:

• With last night's official ticket sales of 13,390, around $350k would go to the NCAA, while $117k goes to UM, easily covering a $150k bid (and this split would be the same regardless if the bid was $50k, 150k or 300k).

• If there had been 6,000 tickets sold, $157.5K would go to the NCAA, leaving $52.5k to UM

• And if in a disaster scenario the Griz only sold 2,000 tickets for some reason, the NCAA's cut would be around $50k and UM would get $17k, but would be on the hook for making up the $100k shortfall in the bid and would actually lose money hosting

I think the actual accounting is a little more complicated, but as far as I know that's effectively how it works.

 

[GottaluvGriz]

Speaking of attendance, does anyone know how much the NCAA keeps from ticket sales besides the bid to host a game?
Just wondering what the break even might be for the Griz on a bid of say $150k to host the opening round.
Go Griz.

My understanding of the way it works is that more or less the NCAA takes 75% of the ticket sales, with the host keeping the remaining 25%. The bid amount is a guarantee that the host will generate a certain amount of ticket revenue. Using your assumption of a $150k bid and the $35 dollar ticket prices last night, the break even point would be around 4,300 tickets sold. As long as the total sales are more than the bid amount, the bid is irrelevant and the 75/25 split occurs.

For example:

• With last night's official ticket sales of 13,390, around $350k would go to the NCAA, while $117k goes to UM, easily covering a $150k bid (and this split would be the same regardless if the bid was $50k, 150k or 300k).

• If there had been 6,000 tickets sold, $157.5K would go to the NCAA, leaving $52.5k to UM

• And if in a disaster scenario the Griz only sold 2,000 tickets for some reason, the NCAA's cut would be around $50k and UM would get $17k, but would be on the hook for making up the $100k shortfall in the bid and would actually lose money hosting

I think the actual accounting is a little more complicated, but as far as I know that's effectively how it works.

Thank you!