Bid amount

[JimmyEatWorld]

Anybody care to guess the bid $$$ that MSU made to get the home game? I say it was quite large, not sure how much, but obviously more than Furman.

[Eastcoastgriz]

Anybody care to guess the bid $$$ that MSU made to get the home game? I say it was quite large, not sure how much, but obviously more than Furman.

Lets say the cats project to sell 10,000 tickets at an average of $15.00
per ticket. You could easily bid in the $100,000 plus range.

[JimmyEatWorld]

So, how does it work. You bid a certain $$$ amount, that becomes the guaranty to the NCAA, then you either eat the difference if you don't sell enough seats/concessions etc, or keep the overage above the bid?

[SenorWeezer]

Anybody care to guess the bid $$$ that MSU made to get the home game? I say it was quite large, not sure how much, but obviously more than Furman.

Jimmy, Jimmy, Jimmy...it is nice to see you are putting that Finance degree to good use!

[JimmyEatWorld]

Si Senor (see a little more diversified then just finance).

[BobCatFan]

Anybody care to guess the bid $$$ that MSU made to get the home game? I say it was quite large, not sure how much, but obviously more than Furman.

Lets say the cats project to sell 10,000 tickets at an average of $15.00
per ticket. You could easily bid in the $100,000 plus range.

I think the NCAA sets the prices and take 80-90% of the gross. We have to guarantee the numbers at the gate. Playoff games are not money making games the home team.

[SenorWeezer]

Si Senor (see a little more diversified then just finance).

Just so you can count to 2 and save your ol buddy a couple of seats...right...friend...buddy???

[SonomaCat]

Anybody care to guess the bid $$$ that MSU made to get the home game? I say it was quite large, not sure how much, but obviously more than Furman.

Lets say the cats project to sell 10,000 tickets at an average of $15.00
per ticket. You could easily bid in the $100,000 plus range.

I think the NCAA sets the prices and take 80-90% of the gross. We have to guarantee the numbers at the gate. Playoff games are not money making games the home team.

In theory, how would we guarantee numbers at the gate? I'm pretty sure the bid is based on a guarantee of $$ to the NCAA ... and we set the ticket prices wherever we want in an effort to cover that guaranteed amount.

[JimmyEatWorld]

Kramer said at a meeting tonight that the bid was in excess of $200M.

[1BadBobcat]

Kramer said at a meeting tonight that the bid was in excess of $200M.

You mean $200,000, right? Not $200,000,000

[JimmyEatWorld]

Yes - M=000's, MM = 000,000's.

[kmax]

Kramer said at a meeting tonight that the bid was in excess of $200M.

You mean $200,000, right? Not $200,000,000

I sure hope so.

I remember earlier in the year a Chadron State fan telling us thank you for the paycheck as it bought them new uniforms. Perhaps we should go thank Colorado fans for the paycheck as it bought us a home playoff game!

[Catfan2030]

Kramer said at a meeting tonight that the bid was in excess of $200M.

You mean $200,000, right? Not $200,000,000

I sure hope so.

I remember earlier in the year a Chadron State fan telling us thank you for the paycheck as it bought them new uniforms. Perhaps we should go thank Colorado fans for the paycheck as it bought us a home playoff game!

HAHA!!!! I like that.

[Belgrade Big Dog]

I'm guessing that around 9000 tickets is the break even point. We need to fill the house.

[BobCatFan]

Anybody care to guess the bid $$$ that MSU made to get the home game? I say it was quite large, not sure how much, but obviously more than Furman.

Lets say the cats project to sell 10,000 tickets at an average of $15.00
per ticket. You could easily bid in the $100,000 plus range.

I think the NCAA sets the prices and take 80-90% of the gross. We have to guarantee the numbers at the gate. Playoff games are not money making games the home team.

In theory, how would we guarantee numbers at the gate? I'm pretty sure the bid is based on a guarantee of $$ to the NCAA ... and we set the ticket prices wherever we want in an effort to cover that guaranteed amount.

If the fans do not show up, then MSU takes a loss on the game. MSU must have told the NCAA a certain number of paying fans will show up. If they do not show up, the school will take a loss. Like I said before, the playoffs are not a money making game for the home team. Next week, after we win, the game will be back east. The Mountainers draw like the Griz. We will not be able to outbid them if we had the opportunity and we dont since they are a seeded team.

[BobCatFan]

I'm guessing that around 9000 tickets is the break even point. We need to fill the house.

If I have my facts correct, the bid of $200m is what we will gurantee as a mininum. Remember, the NCCA takes 75-80% of the total gate. At $25 for an average ticket price the total better be 13,000 x $25 = $325,000 with the NCAA taking $243,750.. As you can see, we need a full house to cover our gaurantee and not loss money on the game.

[FU97]

If the fans do not show up, then MSU takes a loss on the game. MSU must have told the NCAA a certain number of paying fans will show up. If they do not show up, the school will take a loss. Like I said before, the playoffs are not a money making game for the home team. Next week, after we win, the game will be back east. The Mountainers draw like the Griz. We will not be able to outbid them if we had the opportunity and we dont since they are a seeded team.

Seeded teams can make money. They only have to bid the minimum guarantee. Yeah, they have to split the revenue above the minimum, but its usually enough to cover the expenses of putting on the game (security, vendors, ushers, etc). I'm sure Montana and Appy will make money on most of their home playoff games given the crowds they can draw.

The trick is knowing you will be a seed before the selection show. I'm sure Appy and maybe UMass were the only schools this year that were comfortable enough with their placement that they could bid the minimum and not worry about not being a seed.

[catbooster]

This morning's Chronicle quoted Fields. He said we bid attendance of 9,600 but wouldn't say what the dollar amount was.

[STREETCAT]

This morning's Chronicle quoted Fields. He said we bid attendance of 9,600 but wouldn't say what the dollar amount was.

I think were golden I bet we get real close to selling out the way tickets are disapearing!!!

[jagur1]

I have a feeling that the cats are in over there heads on this one. I expect to see a story in a month or so about how the money lost on the playoff game is effecting the AD dept. Then you guys will start bitching like you bitch about everything else...See Refs, & the All Conf. selection threads. I expect 8,500 in the papers sunday morning with 1,500 of those being $7 student tickets. Did anyone find out if the game will be on TV? I'm sure MAX media will pick it up? Should make for a fun Saturday at the sports bars.