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Post by Bornthrilla on Feb 11, 2020 12:57:42 GMT -5
Hold up. Maybe if you factor in student fees, that would be a situation where increased enrollment adds to the revenue.
You might have a point.
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Post by DOOMS on Feb 11, 2020 12:59:42 GMT -5
Right now most people are trying to be optimistic, but what factors, if any, would make you eventually regret this decision? For me it would be if the MEAC is still around in 3 years and if another school is cashing a $800k Celebration Bowl check and getting national airtime on ABC. I am not really expecting any major revenue benefits from the Big South streaming contract, and I think the travel benefits are probably overstated as well, but I am under the curent impression that the MEAC is a sinking ship. If the MEAC somehow survives without us, however, I honestly think it would have been a mistake to leave. Time will tell ... This move to the Big South makes sense IF and only IF the MEAC is about to fail. Otherwise it’s moving from one struggle conference to a slightly less struggle conference. The MEAC has to fail, then we can credit our leaders with great foresight. Although, the conference’s failure would’ve been hastened by our decision to leave. What if we thrive at as greater level than we ever could have had we remained in the MEAC and the MEAC also thrives? Does the move suddenly not make sense? IF we dont use the move as a stepping stone to the next level. and if the demise of the meac was greatly exaggerated. Man, you done said something right there. I almost feel like somebody at A&T should lose their job if the MEAC is still alive and kicking 4 years from now. This whole conference move was fueled by the notion that the MEAC was/is on its last leg. It was?
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Post by Bornthrilla on Feb 11, 2020 13:10:52 GMT -5
Yes, that is the information I got from a couple of my sources. The timing of this decision was motivated by the instability of our fellow conference members.
This move was basically viewed as a high-stakes game of musical chairs. (My words; not there's)
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Deleted
Deleted Member
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Post by Deleted on Feb 11, 2020 13:14:51 GMT -5
Yes, that is the information I got from a couple of my sources. The timing of this decision was motivated by the instability of our fellow conference members. This move was basically viewed as a high-stakes game of musical chairs. (My words; not there's) We should find out if Bethune-Cookman loses their accreditation or not in March However, they'll be allowed to file suit to put an injunction in place that will last up to 3 years. That'll give them time to find and apply to another accrediting body. It remains to be seen if the MEAC would allow them to stay in the conference or if they'll cut football. But as Thrilla said, this is a high-risk play here.
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Freeze
Official BDF member
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Post by Freeze on Feb 11, 2020 13:17:39 GMT -5
Call me crazy but I do believe that the desire to get back to Atlanta year in and year out and win the Celebration Bowl in front of millions watching on their television sets fueled the incentives and competitive nature of our athletes. Players often talked about the idea of "chasing rings" and relished the idea of being crowned BCF champs. They provided evidence of this in their social media posts and media interviews.
So now a new chase begins. Can we field and finance a team to WIN the FCS championship?
Because the hard truth that I believe many of us are choosing to believe is that no way was the move to abandon the MEAC made purely out of saving travel cost and to benefit our student athletes with increased time on campus and in the classroom. I don't think we buying that and I don't think HIlton and company effectively sold that. Many of us believe that the MEAC is on verge of collapse through the weakening of BCU and SCSU and the annual fragile state of schools such as Coppin and UMES. That's the elephant in the room that is being ignored and I would love to secretly hear how Martin and Hllton view the health and longevity of the MEAC but I know that's a conversation that they would never have in public. So while none of us WISH for the conference's demise.....we all know that that is the only scenario that would make sense to US and without it we will watch every year someone enjoying the national shine and public promotion that was ours four out of the last five years. And that's gonna sting.
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Post by 4XLAGGIE on Feb 11, 2020 13:21:24 GMT -5
Right now most people are trying to be optimistic, but what factors, if any, would make you eventually regret this decision? For me it would be if the MEAC is still around in 3 years and if another school is cashing a $800k Celebration Bowl check and getting national airtime on ABC. I am not really expecting any major revenue benefits from the Big South streaming contract, and I think the travel benefits are probably overstated as well, but I am under the curent impression that the MEAC is a sinking ship. If the MEAC somehow survives without us, however, I honestly think it would have been a mistake to leave. Time will tell ... Couple of items... 1. Our net revenue from each of the four Celebration Bowls has been around $500K each time. 2. I'm hearing that the estimated savings off of our travel budget ($1.4 million in 2018-19) is projected to be between 30-40% with the move to the Big South. If we split that and take the 35% number, that would be a $490K savings in travel that is all but guaranteed... compared to a Celebration Bowl windfall that is NOT guaranteed. 3. Our move trades off one POTENTIAL day of national airtime/exposure witht the MEAC and the CB for CONSISTENT increased regional airtime/exposure with the Big South and its ESPN+ sponsored Digital Sports Network. 4. I root for the MEAC to re-up for the CB and stay solvent. If we were to have gotten 3 of 6 CBs on the next contract, well that's a loss of $1.5 million net revenue for other MEAC schools. Now, another HBCU gets that $500K net revenue for those 3 years that needs it, while we're getting in the $500K neighborhood in travel savings ANNUALLY while discovering increases in other revenue streams. That's a win-win to me for us & the MEAC, IMO. Don't forget the 250,000 exit fee and the 381,000 entrance fee to the Big south.
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Post by Bornthrilla on Feb 11, 2020 13:22:01 GMT -5
Call me crazy but I do believe that the desire to get back to Atlanta year in and year out and win the Celebration Bowl in front of millions watching on their television sets fueled the incentives and competitive nature of our athletes. Players often talked about the idea of "chasing rings" and relished the idea of being crowned BCF champs. They provided evidence of this in their social media posts and media interviews. So now a new chase begins. Can we field and finance a team to WIN the FCS championship? Because the hard truth that I believe many of us are choosing to believe is that no way was the move to abandon the MEAC made purely out of saving travel cost and to benefit our student athletes with increased time on campus and in the classroom. I don't think we buying that and I don't think HIlton and company effectively sold that. Many of us believe that the MEAC is on verge of collapse through the weakening of BCU and SCSU and the annual fragile state of schools such as Coppin and UMES. That's the elephant in the room that is being ignored and I would love to secretly hear how Martin and Hllton view the health and longevity of the MEAC but I know that's a conversation that they would never have in public. So while none of us WISH for the conference's demise.....we all know that that is the only scenario that would make sense to US and without it we will watch every year someone enjoying the national shine and public promotion that was ours four out of the last five years. And that's gonna sting. Damn, Freeze. You said that perfectly. And yes, just the thought of somebody else celebrating at the A&T Invitational next year already stings for me.
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Post by durhamgsoaggie on Feb 11, 2020 13:24:30 GMT -5
A 7 million dollar increase in annual revenue within the next 4 years? I know you are the top capo in the Sunshine Gang, but that is a pollyannaish proposal even by your standards. How would we ever pull that off, especially with no more Celebration Bowl checks coming in? The $7 million annual increase by the end of 2024-25 is actually over 6 years from the $13 million figure quoted from the end of 2018-19... so roughly a $1.4-1.5 million increase per year. The current year (2019-20) is the first year of that process. We have to look at all our revenue streams as well. Streams Student Athletic Fees (driven by Enrollment) Ticket Revenue (driven by sales/attendance) Guarantee Games (driven by FB/MBB/WBB schedule) Donation Revenue (driven by AAF donations) Parking/Tailgate Revenue (driven by attendance) Conference Disbursment (driven by March Madness/ESPN/Digital revenue) Sponsorship Revenue (driven by exposure/Marketing) License Revenue (driven by apparel sales/exposure/licensing agreements) The areas where I think we should expect to see significant gains from 2018-19 would be: Student Athletic Fees (main driver via enrollment) Ticket Revenue Donation Revenue *Conference Disbursement Sponsorship Revenue License Revenue *Celebration Bowl revenues are not guaranteed. So you can't put those on your budget.
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Post by Bornthrilla on Feb 11, 2020 13:24:36 GMT -5
Don't forget the 250,000 exit fee and the 381,000 entrance fee to the Big south. Say what?
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Post by DOOMS on Feb 11, 2020 13:25:05 GMT -5
Call me crazy but I do believe that the desire to get back to Atlanta year in and year out and win the Celebration Bowl in front of millions watching on their television sets fueled the incentives and competitive nature of our athletes. Players often talked about the idea of "chasing rings" and relished the idea of being crowned BCF champs. They provided evidence of this in their social media posts and media interviews. So now a new chase begins. Can we field and finance a team to WIN the FCS championship? Because the hard truth that I believe many of us are choosing to believe is that no way was the move to abandon the MEAC made purely out of saving travel cost and to benefit our student athletes with increased time on campus and in the classroom. I don't think we buying that and I don't think HIlton and company effectively sold that. Many of us believe that the MEAC is on verge of collapse through the weakening of BCU and SCSU and the annual fragile state of schools such as Coppin and UMES. That's the elephant in the room that is being ignored and I would love to secretly hear how Martin and Hllton view the health and longevity of the MEAC but I know that's a conversation that they would never have in public. So while none of us WISH for the conference's demise.....we all know that that is the only scenario that would make sense to US and without it we will watch every year someone enjoying the national shine and public promotion that was ours four out of the last five years. And that's gonna sting. Damn, Freeze. You said that perfectly. And yes, just the thought of somebody else celebrating at the A&T Invitational next year already stings for me. Trudat. But even if the bowl continues for the next 30 years we will always be mentioned consistently throughout the broadcast. NC A&T, winner of four of the first five Celebration Bowls... We will always get shine from that even without being in the game.
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Post by durhamgsoaggie on Feb 11, 2020 13:26:25 GMT -5
Couple of items... 1. Our net revenue from each of the four Celebration Bowls has been around $500K each time. 2. I'm hearing that the estimated savings off of our travel budget ($1.4 million in 2018-19) is projected to be between 30-40% with the move to the Big South. If we split that and take the 35% number, that would be a $490K savings in travel that is all but guaranteed... compared to a Celebration Bowl windfall that is NOT guaranteed. 3. Our move trades off one POTENTIAL day of national airtime/exposure witht the MEAC and the CB for CONSISTENT increased regional airtime/exposure with the Big South and its ESPN+ sponsored Digital Sports Network. 4. I root for the MEAC to re-up for the CB and stay solvent. If we were to have gotten 3 of 6 CBs on the next contract, well that's a loss of $1.5 million net revenue for other MEAC schools. Now, another HBCU gets that $500K net revenue for those 3 years that needs it, while we're getting in the $500K neighborhood in travel savings ANNUALLY while discovering increases in other revenue streams. That's a win-win to me for us & the MEAC, IMO. Don't forget the 250,000 exit fee and the 381,000 entrance fee to the Big south. Yep, I can see that. But that would be a $630K one-time sunk cost, not an annual number.
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Post by 4XLAGGIE on Feb 11, 2020 13:28:20 GMT -5
Don't forget the 250,000 exit fee and the 381,000 entrance fee to the Big south. Say what? If I'm not mistaken that's the reality. The exit fee for leaving the MEAC is 250,000 and the entrance fee to the Big South is 381,000 which will be spread out over 3 years.
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Post by Bornthrilla on Feb 11, 2020 13:29:14 GMT -5
But that would be a $630K one-time sunk cost, not an annual number. Big money grip, can you let me hold $50 dollars until payday? Obviously $630K is not a lot of money to you.
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Post by Aggie One on Feb 11, 2020 13:32:02 GMT -5
The $381,000 entrance fee to the Big South is payable in 3 installments over a 3-year period ($127,000 per installment).
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Post by Bornthrilla on Feb 11, 2020 13:34:13 GMT -5
So basically, that annual $100,000 check we are getting from BB&T will be going straight to the Big South for the next three years.
Maybe that's why we haven't seen any action with the track or stadium turf.
Hmmm ...
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