While listening to this podcast I thought of an idea that I can't decide if it is a good idea or not. This is in regards to the $50,000,000 deficit and how ISU could raise that amount of money if a Football season did not happen this fall. To explain my thinking I'll start with a couple quick math problems.
1. $50MM divided by 50K (typical number of season ticket holders) = $1000/holder
2. 5% of $1000 is $50.
My thought is that ISU asks fans to donate $1000 to be "paid back" over a period of time, let's say 3 years. In return the $1000 will go to credit their season tickets at the end of those 3 years. In the meantime fans that donate will receive a "bonus" equal to approx. 5% or $50. For instance, free priority parking for two or three seasons. In reality this would equal a value of more like $100-$150, but you get the point. Parking seems like something the athletic department can give away that doesn't really have a cost, other than the amount lost by fans not paying for it.
It seems easy, but this is why I feel like it may not work or there is something that I'm missing. Hopefully in three years there will be TV revenue to offset the season ticket sales that they would "lose" due to all the credits.
Thoughts? I would be interested to hear others' opinions.
I’m not sure about this specific plan but I definitely agree there should be some creative fundraising initiatives activated. Tack on a free t shirt to anything and people will bite.
ISU has already filled 30K season tix for 2020. I just don’t know how much money that amounts to. One issue with what I posted is that families would pay $1000 per seat, which is a lot more that the price of most tickets/donations.
While listening to this podcast I thought of an idea that I can't decide if it is a good idea or not. This is in regards to the $50,000,000 deficit and how ISU could raise that amount of money if a Football season did not happen this fall. To explain my thinking I'll start with a couple quick math problems.
1. $50MM divided by 50K (typical number of season ticket holders) = $1000/holder
2. 5% of $1000 is $50.
My thought is that ISU asks fans to donate $1000 to be "paid back" over a period of time, let's say 3 years. In return the $1000 will go to credit their season tickets at the end of those 3 years. In the meantime fans that donate will receive a "bonus" equal to approx. 5% or $50. For instance, free priority parking for two or three seasons. In reality this would equal a value of more like $100-$150, but you get the point. Parking seems like something the athletic department can give away that doesn't really have a cost, other than the amount lost by fans not paying for it.
It seems easy, but this is why I feel like it may not work or there is something that I'm missing. Hopefully in three years there will be TV revenue to offset the season ticket sales that they would "lose" due to all the credits.
Thoughts? I would be interested to hear others' opinions.
I was in this boat until recently. What happens if the season moves forward and kids start getting sick? What happens if some of them die or have permanent damage? The lawsuits could very well outweigh lost money from NOT playing. I think, at best, we see a conference only spring. That's assuming Americans change their behaviors.We will have a football season, it may be broken up, or in the spring. There is too much $ lost by not playing. The Power 5 teams will do anything in their power to find a way to play.
The very sad thought I had while listening to this podcast was there is a very real scenario where Brock Purdy never plays another snap for us. Such a sad situation. I don’t think that will happen and if we miss football for a year we will come back strong. The other thought is the money is so big they will find a way to play.
I was in this boat until recently. What happens if the season moves forward and kids start getting sick? What happens if some of them die or have permanent damage? The lawsuits could very well outweigh lost money from NOT playing. I think, at best, we see a conference only spring. That's assuming Americans change their behaviors.
I've little faith at this point. It's not a good feeling.I appreciate you having faith in that at this point, haha.
You have to have a conscience to change a behavior.
I've little faith at this point. It's not a good feeling.