tipping point for season ticket loss vs salary?

[Ozhawk]

I'm too stupid and too lazy to try and figure thus out. At what point does loss in season ticket sales exceed a salary buyout?

 

[PCHawk]

I'm too stupid and too lazy to try and figure thus out. At what point does loss in season ticket sales exceed a salary buyout?

We would save about a million or so a year buying him out. So whatever we pay the new coach minus 1 million is how much we need to make up in ticket sells.

 

[HawkeyeFan57]

I'm too stupid and too lazy to try and figure thus out. At what point does loss in season ticket sales exceed a salary buyout?

If you lost 5000 ticket sales (averaging $350 per season ticket + minimal $100 seating rights), you would have 2.25 million, not including concession sales, memorabilia sales, hotel/motel/restaraunt sales taxes for Iowa City. Also, per Forbes, there is a longevity clause kicking in next year. You just can't underestimate the cost of apathy that is engulfing the football program. Time for a change.

 

[ISC]

If you lost 5000 ticket sales (averaging $350 per season ticket + minimal $100 seating rights), you would have 2.25 million, not including concession sales, memorabilia sales, hotel/motel/restaraunt sales taxes for Iowa City. Also, per Forbes, there is a longevity clause kicking in next year. You just can't underestimate the cost of apathy that is engulfing the football program. Time for a change.

So, judging by the tweet in a previous thread, you'd need a little more than that to fire KF (221,875 * 12 = $2.6 million / year). I know a lot of people are upset now, but i'd be curious if that many actually don't renew. Many people say they won't renew, but then in the end do renew. We have the same "problem" at ISU. Every year, a segment of the fan base says they are upset with the coaches, players, etc and will not renew next year. I would venture about 95% of them end up renewing anyways.

 

[tm3308]

I'm not going to be surprised at all if 5k-10k don't renew this year. If Beathard transfers (and there's someone on this board who keeps saying there will be others; not sure if I buy that or not), I expect that number to climb even higher.

 

[sioux34]

So, judging by the tweet in a previous thread, you'd need a little more than that to fire KF (221,875 * 12 = $2.6 million / year). I know a lot of people are upset now, but i'd be curious if that many actually don't renew. Many people say they won't renew, but then in the end do renew. We have the same "problem" at ISU. Every year, a segment of the fan base says they are upset with the coaches, players, etc and will not renew next year. I would venture about 95% of them end up renewing anyways.

Sorry, but not a valid comparison. All of the ISU season ticket holders could fail to renew and still not equal the amount of money needed to oust KF.

 

[Igothawked]

So, judging by the tweet in a previous thread, you'd need a little more than that to fire KF (221,875 * 12 = $2.6 million / year). I know a lot of people are upset now, but i'd be curious if that many actually don't renew. Many people say they won't renew, but then in the end do renew. We have the same "problem" at ISU. Every year, a segment of the fan base says they are upset with the coaches, players, etc and will not renew next year. I would venture about 95% of them end up renewing anyways.

Yeah the athletic department kind of has ticket holders by the balls. Especially if you like your seats and have had tickets for several years. If you don't renew to show your displeasure you essentially lose all the history you have built up. Which sucks because most people will want tickets again in the future.