Bowl Games Prove Costly
Posted: Thu Dec 03, 2009 10:06 am
This article and the current Economic position the University is in with people laid off or out of work all together, makes the Expense of just going to a bowl game seem very extravagent.
"Bowl games prove costly
By Steve Wieberg, USA TODAY
Ronen Zilberman, AP
Boston College's Cedric Washington runs pass Arizona State's Ben Fox in the Aloha Bowl.
Arizona State and Boston College played Christmas Day amid the palms and leis in Honolulu, stamping their season a success by getting to the Aloha Bowl. Another 42 college football teams will hit similarly sun-soaked fields in the next eight days, topped by the championship game at the Orange Bowl. But what players, coaches and their fans celebrate, accountants often must tolerate. Financial filings with the NCAA show nearly half the schools that participated in bowls last season lost money just by showing up to play. Eighteen of 38 schools that provided copies of those reports to USA TODAY showed losses, their balance sheets sagging beneath the costs of travel, lodging, meals and tickets. Twelve schools had deficits of more than $100,000. For three, the shortfall exceeded $300,000."
are families lively hoods really worth 60 min of a meaningless game, wouldnt you rather hear the AD and president announce two people getting their jobs back?
"Not surprisingly, the schools that play in the non-BCS conferences, the ones that are scrounging for invites to bowls that pay a fraction of the BCS payouts, start and end the year at a huge dollar disadvantage.
Take the Mid-American Conference's University of Akron Zips, which played in the Motor City Bowl. The appropriately named Zips are anti-Longhorns. The school's football program was the only one among this year's bowl participants to take in less than $1 million in revenue last year and its $2.9 million reported loss was just a hair smaller than that reported by the University of Central Florida."-A weekly column by Chris Isidore, CNNMoney.com senior writer
"Bowl games prove costly
By Steve Wieberg, USA TODAY
Ronen Zilberman, AP
Boston College's Cedric Washington runs pass Arizona State's Ben Fox in the Aloha Bowl.
Arizona State and Boston College played Christmas Day amid the palms and leis in Honolulu, stamping their season a success by getting to the Aloha Bowl. Another 42 college football teams will hit similarly sun-soaked fields in the next eight days, topped by the championship game at the Orange Bowl. But what players, coaches and their fans celebrate, accountants often must tolerate. Financial filings with the NCAA show nearly half the schools that participated in bowls last season lost money just by showing up to play. Eighteen of 38 schools that provided copies of those reports to USA TODAY showed losses, their balance sheets sagging beneath the costs of travel, lodging, meals and tickets. Twelve schools had deficits of more than $100,000. For three, the shortfall exceeded $300,000."
are families lively hoods really worth 60 min of a meaningless game, wouldnt you rather hear the AD and president announce two people getting their jobs back?
"Not surprisingly, the schools that play in the non-BCS conferences, the ones that are scrounging for invites to bowls that pay a fraction of the BCS payouts, start and end the year at a huge dollar disadvantage.
Take the Mid-American Conference's University of Akron Zips, which played in the Motor City Bowl. The appropriately named Zips are anti-Longhorns. The school's football program was the only one among this year's bowl participants to take in less than $1 million in revenue last year and its $2.9 million reported loss was just a hair smaller than that reported by the University of Central Florida."-A weekly column by Chris Isidore, CNNMoney.com senior writer
