Thursday, February 14, 2008

UGA Athletic Department to punch loyalists in face

Despite being one of the nation's most profitable athletic departments, it looks like the University of Georgia is going to raise season ticket prices. And not just a little, by $8. That's 25 freaking percent.

Twenty-five freaking percent on the backs of the very people the department depends on most, the season ticket holders who have to make an annual donation just for the right to buy tickets.

Now, to be fair, The AJC reports that the $32 tickets were 9th most expensive in the SEC, and this would move us up to sixth.

But what I want to know is what about the millions we get for making the BCS, not to mention our share of LSU's payout for making the BCS last year, since the SEC splits the money up?

And what about all this money?
The board also approved the Athletic Association’s new budget, which is expected to hit $63.4 million in fiscal year 2007. The projected expenditures of the department for that year are $50 million, meaning the Bulldogs once again will have one of the most profitable programs in the country. ...

For fiscal year 2006, the Bulldogs conservatively project they will place $7.8 million in reserve, pay $6 million on their debt and have $3.4 million left in unallocated funds, essentially profit. Taken as a whole, that means Georgia will make at least another $18 million this year, according to how the department of education measures profit, and could once again be the nation’s most profitable program, Evans acknowledged.

If I was going to figure the profit based on those numbers, I'd put it at $11.2 million (reserves + unallocated, but not including the debt payment). That's still pretty freaking good.

Good grief, can't we soak someone else, and let the season ticket holders share in the department's financial success as well as it's athletic success?

UPDATE: Damon sent me a canned email and I feel much better:
Dear Charles,

I want to take this opportunity to say thank you for your support of University of Georgia Athletics and more specifically, Georgia Football. As a Hartman Fund Donor and season football ticket buyer you provide the resources necessary to ensure we have a championship program both academically and athletically.

As you may know, the Athletic Association's Board of Directors recently approved a proposal to increase the price of season football tickets. The 2008 season football ticket will now be $40.00 per game. This new pricing will help us meet our overall athletic budget demands, yet still keep us in the middle of the SEC's ticket prices.

I understand that any increase in ticket prices results in a financial impact on you, our fans. Please know that this proposal was carefully studied and debated, and it marks the first time since 2002 that we have increased our football ticket price.

All of us in the Athletic Department remain steadfast on being good stewards of the financial resources you have helped to provide. We will continue to appreciate the vital role you play in the overall success of the Georgia Bulldogs.

Damon Evans
Director of Athletics

1 comment:

Brett said...

People pay for tickets? What, do they not know me and/or ever just said "go dawgs"