redmen9194 wrote:Bill Marsh wrote:redmen9194 wrote:First of all, MSG gets it's money from the tourney up front. The Big East rents the Garden for the Big East Tourny. Attendance does not affect the Garden at all except for possibly concessions. The Big East keeps it's ticket revenue. If it doesn't sell out, the conference loses that money, not the Garden.
However, MSG has the right to opt out of the contract if certain unspecified benchmarks are not met by The Big East. While the details have not been publicly released, it's not hard to guess what those benchmarks might be. The fact that ticket sales were down 11% in 2014 from 2013 has to be of concern. With ticket sales being boosted by all the publicity surrounding the creation of the new version of the BE in 2013-14, ticket sales could actually fall further this year. There has to be concern within The Big East over that.
The New York Post reported last season that the "benchmarks" that must be met in the MSG contract deal only with membership. The Garden gets an out if membership changes and certain programs leave. Has nothing to do with sell-outs. Also, the Garden has already said they want a permanent tenant for the week of the Big East tourney. They are not interested in being a part of a rotation where the week is empty every other year or more frequently. The ACC is not coming to NYC every year. The Big Ten is not coming to NYC every year. We have 12 more tourneys scheduled for the Garden - we will be fine and until stay there as long as the league wants to do so.
TheBall wrote:Imagine this conversation:
"Hey MSG, gr8 news, we just added Dayton. It will cost us $4 mill per yr, but it guarantees 500 more ticket sales to the big east tourney and a minimal ratings boost!"
.... And that is why that is an improper talking point.
Bill Marsh wrote:The "decade commitment" with the Garden comes with an opt out clause if the Big East doesn't meet certain benchmarks. It's not as simple as saying that we're set for the next 10 years.
But it's not just the financial ledger that's at issue. If The Big East wants to be in the same conversation as the P5, then the BE tournament must be considered a "big event".
admin wrote:Bill Marsh wrote:The "decade commitment" with the Garden comes with an opt out clause if the Big East doesn't meet certain benchmarks. It's not as simple as saying that we're set for the next 10 years.
But it's not just the financial ledger that's at issue. If The Big East wants to be in the same conversation as the P5, then the BE tournament must be considered a "big event".
The bigger issue is that many here feel (and I suspect many in the Big East office agree) that adding any schools that are truly mid-majoe programs (ie, SLU, Dayton) dilutes the overall product. It might help sell a few tickets, but there is an expense paid in perception.
redmen9194 wrote:Bill Marsh wrote:redmen9194 wrote:First of all, MSG gets it's money from the tourney up front. The Big East rents the Garden for the Big East Tourny. Attendance does not affect the Garden at all except for possibly concessions. The Big East keeps it's ticket revenue. If it doesn't sell out, the conference loses that money, not the Garden.
However, MSG has the right to opt out of the contract if certain unspecified benchmarks are not met by The Big East. While the details have not been publicly released, it's not hard to guess what those benchmarks might be. The fact that ticket sales were down 11% in 2014 from 2013 has to be of concern. With ticket sales being boosted by all the publicity surrounding the creation of the new version of the BE in 2013-14, ticket sales could actually fall further this year. There has to be concern within The Big East over that.
The New York Post reported last season that the "benchmarks" that must be met in the MSG contract deal only with membership. The Garden gets an out if membership changes and certain programs leave. Has nothing to do with sell-outs. Also, the Garden has already said they want a permanent tenant for the week of the Big East tourney. They are not interested in being a part of a rotation where the week is empty every other year or more frequently. The ACC is not coming to NYC every year. The Big Ten is not coming to NYC every year. We have 12 more tourneys scheduled for the Garden - we will be fine and until stay there as long as the league wants to do so.
Bill Marsh wrote:Demon22 wrote:UConn is not going to the ACC. They tried to sue BC when the Eagles left the Big East.
BC will pitch a fit if the ACC offers UConn a spot, and other schools will listen to them.
That stuff is almost a dozen years old at this point. Most of the people involved in that lawsuit are gone from the 2 universities. The 2 ADs have a longstanding relationship. I doubt that the lawsuit is a factor at all any more.
No doubt that BC would regard UConn as unwanted competition, but BC is only 1 vote and that's not enough to stop any decision. Let them throw a fit. It won't matter. The ACC almost took UConn last time. The decision to choose Louisville instead had nothing to do with a BC his say fit.
Bill Marsh wrote:
I'd expect Dayton's fan base to respond in just as Creighton's similarly rabid fan base did, which was to buy up 2,500 tickets for the tournament.
.
Bill Marsh wrote:
Not everyone agrees with Robbins on this point. Here was the take at VU Hoops back in May, 2013, at the time that Robbins made his report:
http://www.vuhoops.com/catholic-7-news- ... ve-forward
"What's agree don is that MSG can cancel and/or alter it's deal with the new Big East under certain circumstances. What those circumstances are, however, seems to depend on whose sources you trust most. In either case, it seems that a successful tournament is of utmost importance to both sides."
Return to Big East basketball message board
Users browsing this forum: Google [Bot] and 14 guests