I would have figured that it is with the large crowds that pack Carver. On another thread, a poster said "no".
Is Iowa wrestling self supporting?
- Thread starter texas twister
- Start date
No...I think it's still in the red by about $500k, despite the sellouts and season tickets. WWDM might have a closer number...but if they would just add 2 more ice cream machines, then the number could drop to $400k.
Of course it does. But the BTN isn't paying out royalties because of wrestling coverage.
We operate at a deficit, however it pales in comparison to others.
I’ve often wondered why PSU wrestles the vast majority of their meets in such a small venue. It doesn’t make sense.
Thanks Spooner, so is it a flat royalty payment to all schools no matter what participation the university has in Big 10 TV coverage?
All payouts are the same unless a school is a new conference entry, then for a time they get less that existing members.
PSU Athletics does not control the Bryce Jordan Center, so any PSU sporting event held at the BJC has to pay for renting the building. Both Basketball programs pay rent for the practice facilities and games. PSU Athletics does control Rec Hall. At this time, PSU Wrestling feels that the friendly confines of RecHall outweighs any potential shillings they might clear after paying to hold every home meet at the BJC.
One problem with "the crowds that pack Carver" is that I believe a season ticket for wrestling is about the same or maybe 10 or 20 dollars more than a single game ticket for football. It makes money for sure but it is not exactly a gold mine for the program. I imagine TV money is basically non existent as well.
I'm just going off memory and it's been a couple years but I think football tix for the better opponents are like 90 and last I heard season wrestling tix were about 85, if that isn't correct someone please feel free to correct me.
It's kind of similar to women's bball whose season tix are like 1/3 of the men. Both sports have great fans and I'm not trying to detract from that but the extreme value on season tix is definitely a factor with the great attendance numbers
A
anon_0pi0cv8t1ggvb
Guest
PSU owns it, but PSU Athletics doesn't own it or control its operations.
Wikipedia FWIW - The Jordan Center is owned by Penn State University and operated through its Auxiliary & Business Services Unit.
A
anon_0pi0cv8t1ggvb
Guest
So PSU athletics has to pay rent to PSU to use it for sporting events when the arena's purpose is predominantly to host sporting events?
Wouldn't PSU be better off financially holding sold out wrestling events in Bryce Jordan when there are no conflicting events?
Yes, PSU Athletics rents the facility from the other university business unit.
No, I believe non-PSU events, including non-sporting events, require more days of BJC use. It was built as a muliti-use concert facility, and as a condition for PSU to join the B10 in deference to men's basketball.
Men's and women's basketball had a combined 34 home dates last year. Only men's and women's basketball play, practice, and have athletic offices there. The athletic department offices also rent space.
The BJC host concerts, monster trucks, university sporting events, the Thon, commencement... events both in and outside of academic sports seasons. These events typically require multiple setup and teardown days. Some are multi-day events.
Not wrestling more often at the BJC may have more to do with coordinating event dates, including the time needed to turn the facility from basketball or other event configuration to wrestling. Furthermore, consider how wrestling and basketball seasons largely overlap, and the process and timing of the B1G's release of its sports schedule. These create logistical challenges.
It's not just whether PSU wrestling might make a few dollars more. Its use also must consider lost revenue from another's use in that timeframe.
Last edited:
Since it is a public university and especially if there was state/tax money in the building/upkeep a lot of times there are state laws or regulations that contain noncompete language.
Essentially, any outside entity has the same opportunity to use (and pay for) the facility as any other… including within the university.
I do not know the specifics at PSU, so I’m not sure if this is true in this case… But it’s pretty common at universities. The same thing applies to conference/meeting space, hotels, etc.
A
anon_0pi0cv8t1ggvb
Guest
Thanks for the explanation. I get all of that. I think many universities have a similar multi use facility that holds events other than just sports. The only thing I don't get is PSU athletics having to pay rent to PSU to utilize the facility.
It’s kind of like Parking revenue at Iowa. it was always rumored that they were/are the most profitable dept.
You're welcome.
It was "Funded through state and private dollars at a cost of $55 million" so maybe the PSU athletic department rental was part of some ROI plan. Or maybe what @ping72 wrote has something to do with it.
That's understandable. I expect you have little experience in laundering large sums of dark 💰💰💰. 😉
It was "Funded through state and private dollars at a cost of $55 million" so maybe the PSU athletic department rental was part of some ROI plan. Or maybe what @ping72 wrote has something to do with it.
Why is this so hard to understand? Penn State also owns their dormitories, but if athletes want to live in the dorms, PSU Athletics has to pay for it. Rec Hall is controlled by PSU Athletics, the Bryce Jordan Center is not. Neither are the dorms, dining halls, etc.
Last edited:
A
anon_0pi0cv8t1ggvb
Guest
Similar threads
