SCHawkeye2
Well-Known Member
https://www.nytimes.com/athletic/65...-rivalry-finances/?source=user_shared_articleIn college football’s new era, is it better to be Iowa or Iowa State?
The article from The Athletic explores the financial dynamics behind the Cy-Hawk rivalry between the University of Iowa and Iowa State University. While the annual football game is a cornerstone of state pride and tradition, the financial arrangements between the two schools are lopsided.https://www.nytimes.com/athletic/65...-rivalry-finances/?source=user_shared_articleIn college football’s new era, is it better to be Iowa or Iowa State?
Ok, I want to pick at these key points starting with stadium and ticket revenue. This statement suggests Iowa makes $35M from home football games. This works out to:
- Contract Terms: The schools alternate hosting duties, but each retains the revenue from its own home games. This arrangement disproportionately benefits Iowa, whose stadium (Kinnick) seats about 70,000 compared to ISU’s Jack Trice Stadium at around 61,500. Iowa also charges higher ticket prices. In 2023, Iowa’s average home football revenue was about $35 million, compared with Iowa State’s $17 million.
Not all seats are MSRP....Ok, I want to pick at these key points starting with stadium and ticket revenue. This statement suggests Iowa makes $35M from home football games. This works out to:
$35,000,000 / 70,000 ticket holders = $500 per ticket holder.
Ok, what is that based on? It can't just be based on ticket sales.