2023 College Football Coaching Carousel thread

[tapintoamerica]

I'd love to know the oldest Division I facility that is still being paid off. How old is it? What sport does it principally serve? And how much has actually been spent on its construction?

 

[DanOregon]

Also - you wonder how often different parts of a university are counting the same potential revenues as "theirs." Everyone tries to be USC, Michigan, Ohio State and Bama - but spending like those schools doesn't mean you have the donor base to cover the costs.

 

[tapintoamerica]

Also - you wonder how often different parts of a university are counting the same potential revenues as "theirs." Everyone tries to be USC, Michigan, Ohio State and Bama - but spending like those schools doesn't mean you have the donor base to cover the costs.

True.
If a major school wanted to do an entirely new football stadium at 70K or more seats, its price tag would exceed the total goal of most capital campaigns.

 

[MileHigh]

I'd love to know the oldest Division I facility that is still being paid off. How old is it? What sport does it principally serve? And how much has actually been spent on its construction?

Maybe Memorial Stadium at Cal?

 

[DanOregon]

It's really going to be bad when you see more teams and more conferences accept and adopt - inequal TV revenue deals. We've already seen Pac-12 schools accept it (on the short term) as a condition on getting into another conference. Figure the Vandys, and Rutgers of the world will accept less to stay in their conferences - there will be greater disparities between teams in conferences along with greater disparities between conferences. Some schools will demand it and get it - and more will accept it because the alternatives are worse.
Also figure that the people making these decisions are probably at a point in their careers where they are just trying to get through the next five years, what happens beyond that will be someone else's problem. Again, see the Pac-12, the majority of the school presidents who are responsible for the demise of the conference retired in the last two-three years.

 

[Neutral Corner]

SMU's ACC deal is a prime, if extreme, example. They're paying through the nose to make it over the wall into a P5 conference, but what that conference will look like in 3, 5, 10 years, no one knows.

 

[micropolitan guy]

I'd love to know the oldest Division I facility that is still being paid off. How old is it? What sport does it principally serve? And how much has actually been spent on its construction?

Most financing is done by 30-year bonds, right? So probably not that long.

 

[micropolitan guy]

True.
If a major school wanted to do an entirely new football stadium at 70K or more seats, its price tag would exceed the total goal of most capital campaigns.

Northwestern's new stadium has an $800 million price tag, for 35K seats.

Kansas says it will spend $250 million for its new 40K stadium.

 

[John]

When big corporations do it - its called creative accounting - makes the company look more successful than it is. But it is crazy - the Arizona athletic budget is $100m per year - even with the $55m Covid loan it hasn't paid back fast enough ...

Don't think this is an outlier either - schools have been spending and committing to spending millions they assumed they would get "somewhere" - TV money, tournament money...the truth is college athletics have been unsustainable for years and the collectives and NIL deals are drawing money away from athletic departments that they thought they would get.

I do wonder at what point donors/boosters for the big-time athletic departments, given all of the collective/NIL/facilities money that they're frequently asked to give, are going to stop answering the phone when they see it's the AD or top development person calling. I also may be underestimating just how many mega-rich jock sniffers there are these days.

 

[BitterYoungMatador2]

I do wonder at what point donors/boosters for the big-time athletic departments, given all of the collective/NIL/facilities money that they're frequently asked to give, are going to stop answering the phone when they see it's the AD or top development person calling. I also may be underestimating just how many mega-rich jock sniffers there are these days.

I think you're going to see a real drop off with this stuff when the boomers are gone. They're the ones paying $5,000 for parking passes while anyone under age 45 is barely able to afford season tickets.

 

[Della9250]

I do wonder at what point donors/boosters for the big-time athletic departments, given all of the collective/NIL/facilities money that they're frequently asked to give, are going to stop answering the phone when they see it's the AD or top development person calling. I also may be underestimating just how many mega-rich jock sniffers there are these days.

Give it another two or three seasons and those teams still don't end up making the expanded playoff. No one has really seen what a rate on return is just yet becasuse it's so new. By 2026 there are going to be a lot of them that wonder what exactly they wasted all that money on when there's no title to celebrate.

Michigan winning this year really helps bolster NIL dreamers. They didn't spend like drunken sailors compared to what's happening elsewhere and those donors are going to be delusional -- if they can win like that, imagine what our millions will get us!

 

[Starman]

Northwestern's new stadium has an $800 million price tag, for 35K seats.

Kansas says it will spend $250 million for its new 40K stadium.

In other words NW is going to pay $850 million to reduce capacity 25 percent.

What are they gonna do, boost ticket prices 10 times??