Orange Bowl lease causing U of Miami to lose money

[chayes]

http://www.washingtonpost.com/wp-dyn/articles/A16841-2003May20.html

Of interesting note:

The stadium, built in the 1930s, does not have luxury boxes, a key source of money for colleges and professional teams. The Orange Bowl keeps 10 percent of gate receipts as rent, and Miami receives no revenue from concessions sales. Also, the university purchases the parking from the stadium at $50 per space for the season and then sells spaces at a higher rate. The school also bought the signage rights from the Orange Bowl for $72,000 per year and then brokers its own deals.

The city is exploring naming rights for the stadium, but Miami likely would not receive any revenues from such a deal.

[snowfx2]

According to the Seattle Times, Miami generated over $17 million in revenue in '01.

http://seattletimes.nwsource.com/sports/links/schools04.html

[Mike T]

Originally posted by snowfx2
According to the Seattle Times, Miami generated over $17 million in revenue in '01.

http://seattletimes.nwsource.com/sports/links/schools04.html
Can somebody tell be what the hell the University of Arkansas is doing(#1 of all college teams) in having a revenue of over 66,000,000 nearly more or more than double the amount of any other team with the exception of (#2) Notre Dame in the top 10 alone. And yet even compared to Notre Dame, a school with argueably college football's most prestgous history on a national level, Arkansas still blows away Notre Dame with nearly 33% more revenue (a total of more than $22 million more!).

[Footer Phooter]

Screw Miami. I hope they lose more $$ when they move to the ACC.

[snowfx2]

Originally posted by Mike T
Can somebody tell be what the hell the University of Arkansas is doing(#1 of all college teams) in having a revenue of over 66,000,000 nearly more or more than double the amount of any other team with the exception of (#2) Notre Dame in the top 10 alone. And yet even compared to Notre Dame, a school with argueably college football's most prestgous history on a national level, Arkansas still blows away Notre Dame with nearly 33% more revenue (a total of more than $22 million more!).

They're Wal-Mart and Sam's Club shoppers, if you catch my drift.

[Mike T]

Originally posted by Footer Phooter
Screw Miami. I hope they lose more $$ when they move to the ACC. While I'm not necessesarily a U of Miami fan per se', I don't quite understand the hatred in your statement "Screw Miami."???

Can you please justify your reasoning? ... just wondering? Cause its somewhat tiring how it just seems there are many out there that just dislike Miami teams, except the Dolphins.

I will never forget Bob Uker's nearly apologetic response to the national TV audience within minutes that the Florida Marlins won one of the most exciting World Series against Cleveland in 1997.

[CrewDust]

Originally posted by Mike T
Can somebody tell be what the hell the University of Arkansas is doing(#1 of all college teams) in having a revenue of over 66,000,000 nearly more or more than double the amount of any other team with the exception of (#2) Notre Dame in the top 10 alone. And yet even compared to Notre Dame, a school with argueably college football's most prestgous history on a national level, Arkansas still blows away Notre Dame with nearly 33% more revenue (a total of more than $22 million more!).

I think it has to do with one time fees. I think they had just remodeled their stadium and added luxury boxes and club seats. They might have added the 15 year leases into one lump sum.

[WVKeeper]

Originally posted by Footer Phooter
Screw Miami. I hope they lose more $$ when they move to the ACC.

Amen Fhuck Miami!!!! and the ACC

[buffalo]

miami sucks with sports

[Mountainia]

Originally posted by Mike T
While I'm not necessesarily a U of Miami fan per se', I don't quite understand the hatred in your statement "Screw Miami."???

Can you please justify your reasoning? ... just wondering? Cause its somewhat tiring how it just seems there are many out there that just dislike Miami teams, except the Dolphins.

I will never forget Bob Uker's nearly apologetic response to the national TV audience within minutes that the Florida Marlins won one of the most exciting World Series against Cleveland in 1997.

I think there is frustration coming from the Big East teams because Miami holds the key to their future, but does not seem to be considering the harm to the other schools, they only seem to be considering their own gains and losses from the move to the ACC.

As far as the Florida Marlins goes, I don't think that was anti-Maimi. Bob Euker was commenting on the larger picture. I think it was more related to the idea that an old traditional club like Cleveland, with many multi-generation fans and a team built via a combination of free agents and farm club development would lose to a five-year-old club bought by the owner for a one-time shot at the title. You've got to admit. The next year, the club was dismantled as soon as it was built, while Cleveland kept trying to put together a winner year after year.

I think all the Florida Marlins owner did was show that you could buy a winner if you want to, and that definately takes some of the romance out of the game.

Notice how single-entity prevents this travesty. Since the salary cap is put in place by the league, the teams have no incentive to lower the pay scale so that they can make a few extra bucks. The operators of each team have (well, in theory anyway) the same rules and money, and compete from that basis. In the long term, that seems much more healthy than baseball's system.