Cover3
Well-Known Member
I don't think we need to fire Kirk. In fact, I would say I even advocate for letting him have a shot to bounce back with the 2011 & 2012 recruits. But, just how prohibitive is his buyout? This is undoubtedly simplistic in some or many ways, but to get an idea:
$20,000,000 / 70,585 seats in Kinnick = $283.35
$283.35 / 7 home games per year = $40.48
$40.48 / 8 years to spread it over (?) = $5.06
So every five dollars the ticket price is increased (yes, demand was much more inelastic in 2010), the Athletic Department rakes in just about enough additional revenue to account for $20M over eight years.
Again, not advocating for his firing, but a lot of people on here who seem to think we're stuck until 2020 often say something like "unless you have $20M...." There's money out there.
$20,000,000 / 70,585 seats in Kinnick = $283.35
$283.35 / 7 home games per year = $40.48
$40.48 / 8 years to spread it over (?) = $5.06
So every five dollars the ticket price is increased (yes, demand was much more inelastic in 2010), the Athletic Department rakes in just about enough additional revenue to account for $20M over eight years.
Again, not advocating for his firing, but a lot of people on here who seem to think we're stuck until 2020 often say something like "unless you have $20M...." There's money out there.
