No Nova D-I Football
As a Villanova grad, the pending decision by the Board of Trustees as to whether to step up and become a member of the Big East's Division I football conference is a big deal to me. It would be a big mistake for Villanova to make that move.
The Inqy has an article that covers several of the main concerns of such a move. Unfortunately, most get short shrift or just a cursory mention without further exploration. The main thrust of the article is how much it will cost Villanova to compete in D-I as opposed to D-IAA (I know it's called the football championship subdivision, but i'm old school when it comes to college football. Call it whatever "championship" or subdivision you want, it's still Double A football).
The school already has paid out over $4 million a year lately to play I-AA football. What's the price tag for I-A?The expectation is that if Villanova moves up, it will cost a cumulative $5 million during the three years (2011-13) before the school starts collecting Big East revenues. After that, one working estimate floating around is that Villanova would have to spend about $1 million more than it has been paying for the lower level, even with their share of Big East revenues. Since the Big East's TV deal is still to be negotiated, that figure isn't definitive. There is no definitive number.
First, these numbers are (purposely?) confusing. Villanova currently spends $4 million a year in I-AA. They will only be spending $1.6 million per year in the first three years in the Big East ("it will cost a cumulative $5 million during the three years before the school starts collecting Big East revenues." Does the reporter mean to say that it will be an extra $5 million above and beyond the current $4 million annually? Perhaps, but that's not how it's written. As presented, moving to the Big East is a savings of more than $2 million annually just on expenses alone (not counting additional revenue).
Later, comes this
After that, one working estimate floating around is that Villanova would have to spend about $1 million more than it has been paying for the lower level, even with their share of Big East revenues.Regarding attendance
A consulting firm hired by Villanova also has looked at potential attendance. Villanova draws 7,000 or 8,000 for a strong I-AA team. Can the Wildcats double or almost triple that in the Big East playing at PPL? Surveys have been done working with different price points. The results, according to one Villanova source, were "pretty positive . . . there is a substantive demand for this product." By that, the source said, there is probably "sufficient interest among our core constituents" to remove attendance as an area of concern.
2 comments:
You are basing your point on one article in the Inky. Since you claim to be a sports fan alumnus, I am shocked you are not more familiar with this huge story! View http://vuhoops.com/2011/02/07/expansion-apocalypse-villanova-edition/ for a more informed story.
If you got the alumni survey from the school, they estimate Villanova will LOSE $7.6M a year beginning in 2014 as a "fully functional" Big East team. That is after they spend $30-35 for a Football building & practice facilities. And the $5M in the Inquirer article cited was the amount spent over the 3 year ramp up ABOVE the current Football expenses we now incur as a FCS program. We currently lose approx $4M at FCS level playing on campus.
We spend a little over $5M currently.
Forbes reported Big East avg football expenditures were $14.6Million in 2009-10. By 2014, we would have to increase our expenditures to at least $18M annually to try to compete.
So you have an initial investment of $35-40M just to get into the 2014 season and then you start losing an estimated $7.6M annually playing in the lowest revenue BCS conference in the country as a small private school.
Those are the projections that the Villanova Trustees have accepted and were supposed to vote on this upcoming Tuesday.
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