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COVID at UB


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1 hour ago, zigo230 said:

That's not many and glad they recovered.  I wonder if UB and the MAC will even get going?   The Big Ten commish didn't rule out having to postpone fall sports altogether.  

We are at July 10.  Many / most schools need to get students on campus so that they can get residential hall and dining revenues.  So they will do what is necessary to get to that point.  Some schools that aren't in those financial straits have already declared a virtual fall semester.  

My guess is that the schools will try very, very hard to get students on campus for some period of time, with riders about no prorated residence halls / dining halls.  However, once school starts, it will be impossible for COVID-19 not to spread on campuses when you have 18 - 21 yr olds in close quarters.  So...by the end of September (or earlier, perhaps) all schools will go virtual instruction with the option (and that is the important word) for students to stay on campus and/or use the dining facilities.  Thus, universities will be able to collect all of the semester residence hall and dining fees since if students want to leave (and go home because of virtual instruction), they can.

I suspect revenue generating fall sports will be played in empty facilities to ensure TV revenues.  At least they will attempt to be played. If too many student athletes have the coronavirus, they will have to shut down.  No one is paying big money to watch Columbia play Cornell.   A lot of people want to watch Florida vs Alabama.

 

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  • 2 weeks later...
On 7/10/2020 at 1:06 PM, UB92 said:

I suspect revenue generating fall sports will be played in empty facilities to ensure TV revenues.  At least they will attempt to be played. If too many student athletes have the coronavirus, they will have to shut down.  No one is paying big money to watch Columbia play Cornell.   A lot of people want to watch Florida vs Alabama.

You called it right, the state just announced no fans at fall sporting events, if UB events happen at all. Now is our chance to make more deals with local channels to pick up those ESPN3 games, if our team performs as high as anticipated. With no Bison's games, shorter pro sports seasons, possibly no pre-season NFL games, limited bar occupancy, there has to be demand for live events to watch/make bets.

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40 minutes ago, RecoveringHillbilly said:

You called it right, the state just announced no fans at fall sporting events, if UB events happen at all. Now is our chance to make more deals with local channels to pick up those ESPN3 games, if our team performs as high as anticipated. With no Bison's games, shorter pro sports seasons, possibly no pre-season NFL games, limited bar occupancy, there has to be demand for live events to watch/make bets.

Not sure how no preseason NFL games (not yet definite) will impact our games.  Preseason would be over the Thursday before Kansas State.

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2 hours ago, RecoveringHillbilly said:

You called it right, the state just announced no fans at fall sporting events, if UB events happen at all. Now is our chance to make more deals with local channels to pick up those ESPN3 games, if our team performs as high as anticipated. With no Bison's games, shorter pro sports seasons, possibly no pre-season NFL games, limited bar occupancy, there has to be demand for live events to watch/make bets.

I don't know to what level UB subsidizes its sports programs, but if there was ever a time to try to get into a revenue-generating conference (based on TV contracts), now is the time.    

Meanwhile, at the State University of New Jersey...https://www.tapinto.net/towns/new-brunswick/sections/rutgers-university/articles/lawsuit-alleges-rutgers-won-t-release-athletic-department-s-financial-records

Rutgers got at least $55 million from TV revenue for being in the B1G.   However, it seems the athletic subsidy from general funds was $76 million this past year.  Counting nothing else, that's $130M on athletics in the "revenue" side of the column (yeah...I know...it is stupid to consider an internal transfer "revenue", but that's how it is done).  

 

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  • 4 weeks later...

Buffalo News Alnutt Piece

A nice BN interview with Alnutt. Basically, the conference decided there was too much uncertainty, "Until we know more, why risk it?", Alnutt said.

On the financial side the BN found:

UB's football revenues of $9,724,780 in 2019 made up 21.1% of UB's athletic revenues ($45,977,952), according to the school's NCAA Membership Financial Report, obtained by The News through a Freedom of Information Law request. Included in that football revenue was $945,529 in ticket revenues, $2,040,455 in student fees, $3,808,510 in direct institutional support, $1,050,000 in guarantees from games and $369,766 in bowl revenues....Alnutt said the pause in fall sports could also reduce some expenses for the athletic department, and that UB has a “healthy” reserve fund that could be utilized to reduce a budget shortage. UB is giving its season ticket holders in football the option to convert that payment into a donation toward the athletic program, to ask for a refund or to use that payment as a credit toward future season tickets. UB's athletic department also plans to launch a donation campaign....Any decisions to freeze contracts, reduce salaries or furlough department employees, however, would not come from UB, as it is part of the State University of New York system."We’re still operating as an athletic department as we move forward," Alnutt said. "In terms of any furloughs, we’re a public institution, so we can’t make that determination as a campus or as an athletic department. That would have to come from Albany if there is a furlough for state employees, and once that determination is made, we’ll follow suit, moving forward. As we progress to the rest of this fiscal year, we have to be very diligent in terms of how we spend and what we spend it on, realizing the revenue piece is not there as it is, and how it sets up for the fiscal year 2022 and beyond.”

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