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re: Kentucky Football
Posted on 4/15/12 at 8:09 pm to TabascoCAT
Posted on 4/15/12 at 8:09 pm to TabascoCAT
quote:
the only revenue stream available is the GOB.....
In which, they only provide to the basketball program.
Hate to say it, the ones who donate do not to football.
Emory (tennis coach) worked and network to get the tennis stadium and facilities and Madison with the existing baseball renovations.
Mitch just can not get it from the state in low risk bonds for major improvements.
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Posted on 4/15/12 at 8:12 pm to WildcatMike
He doesn't have to have the good ol' boys network. He does need to find sources for donations that isn't limited to basketball. If nothing else sell the program better then he has.
And while I appreciate building up the Olympic sports, you have to ask if it's worth it when it's at the expense of the sport that makes the money for you athletic department? Football pays the bills.
And while I appreciate building up the Olympic sports, you have to ask if it's worth it when it's at the expense of the sport that makes the money for you athletic department? Football pays the bills.
Posted on 4/15/12 at 8:14 pm to WildcatMike
I don't necessarily believe that is the case. Lots of AD's sell their donors on a program. UK should be no different.
Mitch is not personable with those folks. Even adversarial at times with them. Calipari has more pull, say so, and even trust with them.
UK needs to use every avenue, including Cal to help all the programs.
Mitch is not personable with those folks. Even adversarial at times with them. Calipari has more pull, say so, and even trust with them.
UK needs to use every avenue, including Cal to help all the programs.
Posted on 4/15/12 at 8:15 pm to BluegrassBelle
He should do everything he can to win in football. North Carolina, Kansas, Duke, Wake forest, & others have improved their football program tremendously. There is no reason we should be able to be like Ohio State and be a top Ranked Basketball & Football School.
Posted on 4/15/12 at 8:16 pm to WildcatMike
WildcatMike,
YUM dropped 13.5 million for 10 years for the YUM Center. That means 1.35 million PER YEAR from a single source. Name one individual donor giving UK 1.35 million EVERY year!
Papa Johns dropped 20 million on the football stadium or between 500,000 and 1,000,000 per year over the life of the naming rights. Again, name the individual donor giving UK .5 - 1.0 Million a year, every year! The gift for Craft was a 1 time gift, and does not pay out every year.
When those naming rights expire, U of L can tap any number of corporations to keep the revenue stream going, or increase it. Getting a few coal guys to drop a million or 2 on a new lodge or practice facility is different than the 250 - 500 million to build a new arena or stadium. 10% of 500 million is 50 million! Who writes that 50 million dollar check for UK?
While you are correct that they are having trouble meeting payments, it took those massive "gifts" from the likes of YUM, Humana, Brown Foreman, and Papa Johns just to buy down the cost in the first place. If those corporations had not stepped up in the first place to get the ball rolling, neither building would have been built. What corporation is in Lexington can drop those kind of dimes to get it rolling?
YUM dropped 13.5 million for 10 years for the YUM Center. That means 1.35 million PER YEAR from a single source. Name one individual donor giving UK 1.35 million EVERY year!
Papa Johns dropped 20 million on the football stadium or between 500,000 and 1,000,000 per year over the life of the naming rights. Again, name the individual donor giving UK .5 - 1.0 Million a year, every year! The gift for Craft was a 1 time gift, and does not pay out every year.
When those naming rights expire, U of L can tap any number of corporations to keep the revenue stream going, or increase it. Getting a few coal guys to drop a million or 2 on a new lodge or practice facility is different than the 250 - 500 million to build a new arena or stadium. 10% of 500 million is 50 million! Who writes that 50 million dollar check for UK?
quote:
Nope, Yum was bonded by the state at a % interest to the city of Louisville. They are struggling to make the payments.
While you are correct that they are having trouble meeting payments, it took those massive "gifts" from the likes of YUM, Humana, Brown Foreman, and Papa Johns just to buy down the cost in the first place. If those corporations had not stepped up in the first place to get the ball rolling, neither building would have been built. What corporation is in Lexington can drop those kind of dimes to get it rolling?
Posted on 4/15/12 at 8:19 pm to Cheese Grits
Grits, Jim Host makes it happen.
Posted on 4/15/12 at 8:32 pm to WildcatMike
If Jim Host is involved, a reno of Rupp Arena will be the likely outcome. Outside of Lexmark, I'm not sure what corporate donor is Lexington could be tapped. Possibly UPS which has more presence in Louisville.
That situation is of no benefit to football in any way as I see it.
He'd better get on his horse..time's a wastin
That situation is of no benefit to football in any way as I see it.
He'd better get on his horse..time's a wastin
This post was edited on 4/15/12 at 8:34 pm
Posted on 4/15/12 at 8:56 pm to Cheese Grits
quote:
If he beat the Gators this year
Posted on 4/15/12 at 8:58 pm to UKWildcatsFAN
Hopefully Joker is canned after this season.
I just hope things don't have to get TOO much worse before they get better again.
I just hope things don't have to get TOO much worse before they get better again.
Posted on 4/15/12 at 9:00 pm to Cheese Grits
Papa John's and YUM are also huge UK sponsors. Not to mention Lexmark and Outback (founder is a UK alum).
eta: And from what I understand, the YUM center may be in a bit of a pickle financially. They're having a lot of trouble making their payments.
eta: And from what I understand, the YUM center may be in a bit of a pickle financially. They're having a lot of trouble making their payments.
This post was edited on 4/15/12 at 9:07 pm
Posted on 4/15/12 at 9:17 pm to SpartyGator
I think Kentucky could win 4-5 games this year
Posted on 4/15/12 at 9:24 pm to UKWildcatsFAN
I think he better win 6 or he's toast....
Posted on 4/15/12 at 10:11 pm to WildcatMike
quote:
Grits, Jim Host makes it happen.
Jim played baseball for UK, and he worked for P&G early in his career I think. He made good money off UK as his business grew. Do you see a new Jim Host baseball stadium? It is a big difference when you are making money from something getting built, and donating your own money to get it built. I can see him getting a commission for putting a deal together, but when has he written the check?
Posted on 4/15/12 at 10:23 pm to UKWildcatsFAN
quote:
North Carolina, Kansas, Duke, Wake forest, & others have improved their football program tremendously.
All those teams play in lesser conferences where it is easier to move up. Check the seating for each of their stadiums and I am willing to bet Commonwealth is bigger than all of them! For UK to move up, it means Florida, Alabama, LSU, or Georgia have to move down. Check the seating of their stadiums, the recruits they produce in state, and the corporations supporting them. Then tell me how UK can match that!
quote:
There is no reason we should be able to be like Ohio State and be a top Ranked Basketball & Football School.
Ohio State = Florida in size and capacity
Indiana = Kentucky in size and capacity
When was the last time IU football and IU basketball dominated the Big 10 in the same year?
Posted on 4/15/12 at 10:35 pm to Cheese Grits
I don't think you'd ever see UK top ranked in football, even if legitimate. However, Kentucky is no different than Arkansas or Iowa, or Wisconsin, and to an extent Tennessee who have to recruit somehow other than home to be competitive.
UK just isn't committed in my mind to making football more than just competitive.
UK's basketball recruiting budget exceeds its football budget. 5-6 players for basketball trumping 20-25 for football.
In the end it all comes down to commitment.
UK just isn't committed in my mind to making football more than just competitive.
UK's basketball recruiting budget exceeds its football budget. 5-6 players for basketball trumping 20-25 for football.
In the end it all comes down to commitment.
Posted on 4/15/12 at 10:38 pm to busey
quote:
Papa John's and YUM are also huge UK sponsors.
Yet their names are on buildings in Louisville! If they are giving UK 100,000 a year, but giving UL a million a year, who has more money for facilities and staff?
quote:
Not to mention Lexmark and Outback (founder is a UK alum).
Lexmark has fallen out of the Fortune 500, which means they are heading in the opposite direction. Outback is just out of the 500, but they are headquartered in Tampa, FL not Lexington, KY. That means their top executives live in Florida, and their kids go to school in Florida, not Kentucky. It makes a difference.
Sure UPS has a presence in Louisville, but their headquarters are in Atlanta. Amazon has a huge warehouse system in Lexington, but their headquarters are in Seattle. The blue collar jobs come and go, but the white collar folks make the decisions, and write the checks.
Posted on 4/15/12 at 10:48 pm to TabascoCAT
quote:
I don't think you'd ever see UK top ranked in football, even if legitimate.
I think you might see them there once or twice a decade, but not more than that.
quote:
However, Kentucky is no different than Arkansas or Iowa, or Wisconsin, and to an extent Tennessee who have to recruit somehow other than home to be competitive.
Sure those 4 have to go out of state, but at least 3 of them have big money behind them, and Tennessee has history and a 100,000 seat stadium on their side.
quote:
In the end it all comes down to commitment.
It comes down to budgeting. If you have 20 - 40 million less than your competitor every year what would you do knowing you can only fund 1 of 2 options?
Option A : Reinvest in your proven product (basketball)
Option B : Invest in a cash intensive product that is unproven (football)
Posted on 4/15/12 at 10:58 pm to Cheese Grits
Only Wisconsin carries a 20 Mil budgeting advantage over UK. In fact, Arkansas has 7 mil less in athletic budget than UK does. It's all relative.
UK is hot and heavy to update Rupp Arena, or build an on campus arena where the luxury suite revenue is controlled by UK.
Football is not the priority, nor has it ever been.
UK is hot and heavy to update Rupp Arena, or build an on campus arena where the luxury suite revenue is controlled by UK.
Football is not the priority, nor has it ever been.
This post was edited on 4/15/12 at 11:00 pm
Posted on 4/15/12 at 11:31 pm to TabascoCAT
quote:
In fact, Arkansas has 7 mil less in athletic budget than UK does. It's all relative.
Yet Arkansas has a 300 Million facilities upgrade currently in progress, with the corporate checks already lined up. The priority should be to land corporate headquarters with the same zeal that they try and land basketball recruits. Instead they destroyed the horse farms so local developers could profit instead of using the historic beauty to get companies to relocate from the rust belt. It is more about priorities than relatives! :)
quote:
UK is hot and heavy to update Rupp Arena, or build an on campus arena where the luxury suite revenue is controlled by UK.
Wait till the current fans find they lose seats to make that happen. If UK renovates or builds, it will be smaller, not bigger, as many fans believe. Hate to bust your bubble, but suppose a renovated Rupp only had 20,000 seats. How would you feel then?
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