EMT wrote:Hall2012 wrote:EMT wrote:The Big East and the A-10 are the only two leagues that can commit to a long term annual contract at MSG. There is no chance that the ACC or the Big10 are putting a stake in the ground in NYC every year. Anyone think that MSG dumps us for the A-10?
Ratings and NCAA performance will also dictate as to whether the Big10's experiment of coming to NYC a week early continues. If I'm a Big10 coach, I'll be nervous if my team has a week off before the NCAAs.
Not ideal, but does MSG risk having the BE negotiate a long term deal in Brooklyn for the chance to have no one in the Garden every 3 of 5 years?
How much incremental revenue would MSG get?
2016 ACC attendance (DC) - 20,719
2016 BE attendance (NYC) - 19,812
Yeah, I don't think MSG is too concerned about that. MSG's revenue is based on renting out the venue, not sales/attendance. If there was a year they didn't have college hoops, they'd easily replace it with something else. The bottom line is that MSG is much more important to the Big East than the Big East is to MSG. When it comes time to renegotiate the contract, the B1G and ACC will at the very least be able to get us in a bidding war and drive up our costs, even if we ultimately do win it (which we very well may not if it comes to that). If there's competition for the Garden in the future, we need to stay well ahead of the game in extending our contract before it comes close to expiring and hope that MSG cooperates/sticks with us as a long tenured business partner even if it means potentially leaving some money on the table.
Point taken. The only thing I dispute is easily replace. I can't think of a long term replacement in March every year and other than sporting events and concerts I'm not sure what else goes into the Garden. The easily replaced events can be moved to another date. Not having NCAA basketball is lost revenue, not replaced revenue. Also, the competition can't go high enough if that league is only coming in say once every 5 years.
Hall2012 wrote:The bottom line is that MSG is much more important to the Big East than the Big East is to MSG.
ecasadoSBU wrote:I would be very scared if the ACC adds Uconn to their lineup. Uconn would draw well anywhere in the NYC region.
EMT wrote:ecasadoSBU wrote:I would be very scared if the ACC adds Uconn to their lineup. Uconn would draw well anywhere in the NYC region.
Once every five years or so......
Hall2012 wrote:I'm not saying the Big East offers no value to MSG. There's absolutely value in having a tenant who you know will be there the same week every year. It saves them the expense of working to book that space every year, set-up and breakdown is largely the same which improves costs and efficiency compared to an entirely new entity, it's 5 events (sessions) worth of revenue they know they're getting, and their brand is directly aligned with one of the biggest college hoops brands in the country. We definitely offer value to them.
However, if the Big East left MSG, MSG would be just fine. Business would continue as usual, they'd still make plenty of money, they'd get plenty of other cbb conference tournaments that they can charge higher rent for as 1-offs, and while it's possible they'll take a small hit, the company is large enough and has enough revenue streams that it would ultimately be perfectly fine.
The Big East, on the other hand, would take a massive blow to its brand and lose a huge recruiting tool. I wish I could say the Big East would be just fine and continue business as usual as well, but I'm not entirely convinced that would be true.
hoops22 wrote:http://www.providencejournal.com/sports/20170306/espns-jay-bilas-says-acc-should-have-its-eyes-set-on-madison-square-garden
Although their nearest team is around 250 miles away, with the ACC coming to Brooklyn this year, and the B1G playing at the Garden a week early next year, it's obvious some rivals have their eyes on our prized jewel. It's also concerning we have a determined enemy in ESPN, that would do all it could to help facilitate this. I realize things are good for us, we have the reigning national champion and are likely to send the highest percentage of league members to the NCAA's this year. But that doesn't mean the league should be complacent. There will be inevitable down years, where we won't be in the same position of strength as we are today. A 10 team league simply does not have the same margin for error that larger conferences have. There is strength in numbers, especially when those teams have a loyal, fanatic following, that will lead them to NYC for the BET. I don't think either VCU or Dayton will be signing up to join the AAC, but I do think the AAC has zeroed in on the right schools. We need to be open minded when considering how best to maintain our status in the pecking order of collge basketball. Having those two fan bases decsending on MSG every year, would help fend off the inevitable challenges that are coming.
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