The average ticket cost is around $45.00 I believe. So for ever 5,000 tickets that's $225,000 just in ticket sales. When things got bad with Joker the stadium was maybe half full just to be kind. So Commonwealth I believe seats 61,000 people. Say you lose 30,000 fans for each game. That's $1,350,000 in lost revenue per game. Times that by remaining 6 games and that's $8,100,000 in lost revenue just in ticket sales. With lost concession and apparel sales I would assume that would push the losses over the 10 million threshold.
The actual dollar cost to keep Stoops.
- Thread starter BigSexyCat
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Additionally, there is the damage done to the program by letting this circus go on for another year. That's a tougher one to quantify but the cost is high, whatever it is.
I believe you are correct. Look for Neal Brown to be the next coach. That's an easy hire for Barnhart.
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It's really only $2,000,000 more if we fire him this year from what I have read. That is small change compared to what he will cost.
At this point the fanbase is losing whatever fans they had left with every loss. This is getting bigger than the administration realizes.
You have to include the cost of firing all assistants and how can you be sure that the fans will come back for a new coach?
Yep. Whatever is easiest. That's how he has made every hire he's made so far in both sports.
No Guarantee - but how many came out when Stoops was hired after the Joker firing - I think that is a pretty good indication if the fans think we have ANY chance!
Go Big Blue!
I'm sure you are just scratching the surface. The average cost might be $45 per ticket but there are some hidden costs that the university will lose out on as well. The high price tickets and suites are where most of the money comes from. Also when you have a lower visibility program I'm sure you can't sell ads for the same rate on those ribbon boards. Also TV games would get a smaller audience as well. And I'm sure there are other revenue streams that I can't even think of right now. That buyout is a blocker if you are stuck with 6 wins. Then you have to wait it out. But if your program is trashed then you have to make a change now $12 million isn't even a speed bump.
You have to factor in the assistants salaries and the cost of a new coach which would probably equal around $20 million dollars.
I'm pretty sure the total buyout with assistants won't get to 20 million. Each contract can have different terms so most of them probably have smaller buyouts. Even if they are all full cost there thousands of ways around that. Gran, Hinshaw and Morrow can be offered to stay on. If they refuse then it's there choice to leave for example. Any rate even 20 million is doable. You will still likely lose more than that by waiting. Also the damage done to the program by leaving it in lame duck status for 2 years will be irreversible. There will be no point in continuing to have a program if we wait 2 years.
Troy lost to Clemson at Clemson today, 30 to 24. I think Neal would be a good hire,. and we wouldn't have to give him a 12 million buyout.
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The problem is that we have already sold 50,000 tickets per home game this year with the number of season tickets sold for the season. That revenue is already received.
A good AD will see the lack of butts in seats for the remaining games and realize that tickets sales will be garbage next year and will make a move. What I expect Barnhart to do is wait until next year until we actually do not have butts in the seats and no revenue for tickets sold and then his hand will be forced...a year too late for the best of the program.
A good AD will see the lack of butts in seats for the remaining games and realize that tickets sales will be garbage next year and will make a move. What I expect Barnhart to do is wait until next year until we actually do not have butts in the seats and no revenue for tickets sold and then his hand will be forced...a year too late for the best of the program.
You need to add the costs of KFund contributions, and royalties on the sale of merchandise which is a several million dollar figure. One of the U.K. Board of trustees and I figured one night that the whole three year Joker fiasco cost UK about twenty four to twenty eight million than what it would have been if we had hired Mike Leach.
This mess will obviously be even more due to the bonehead move on the buyout. As someone who gives UK substantial amounts each year for academic programs I frankly am extremely disappointed. Why am I busting my rear end to give a scholarship or two when the AD blows About seven million on Gillespie, twenty plus million on Joker , and this one will undoubtedly before it's over costs us another twenty to thirty million.
Where the hell is the accountability ? MB gets a raise and an extension ? So you say he made money for UK . An educated monkey could make money for any SEC school because of the TV check. That is not what his performance should be measured against. It should be measures against potential revenue and these three lousy hires have ( will ) cost us somewhere between fifty and sixty million . That's a lot of money for a University in a poor state to throw away .
And now we know the meaning of "acquiesced". Good job! Fifth grade is gonna be a piece of cake.