360° Coverage : Auburn-Florida State BCS Title Game Is Clash Of Financial Giants

2 Updates
Auburn-Florida State BCS Title Game Is Clash Of Financial Giants
Photo Credit: Forbes Business

Auburn-Florida State BCS Title Game Is Clash Of Financial Giants

Jan 6 2014, 12:06pm CST | by

Tonight’s BCS Championship Game will be the last of its kind, with college football moving to a playoff system next year. That alone would make the showdown memorable, but fans may also be treated...

Filed under: news

 
 
 

40 weeks ago

Auburn-Florida State BCS Title Game Is Clash Of Financial Giants

Jan 6 2014, 12:06pm CST | by

Tonight’s BCS Championship Game will be the last of its kind, with college football moving to a playoff system next year. That alone would make the showdown memorable, but fans may also be treated to one of the best championship games in recent memory.

The Auburn Tigers have been nothing short of explosive this season, and they are coming off a string of three incredible conference victories over Georgia, Alabama and Missouri. Should the Tigers win tonight, claiming their second BCS title in four years, the SEC will have won eight straight national championships.

Florida State poses the biggest threat yet to the SEC’s reign of dominance. Freshman quarterback Jameis Winston has thrown for 3,820 yards and 38 touchdowns en route to a Heisman trophy, and his offense has averaged a staggering 53 points per game. The Seminoles defense has meanwhile allowed more than two touchdowns in a game just twice this season.

And while the two teams are clearly dominant on the field, they are both financial juggernauts off of it.

Auburn, like most top SEC teams, has long held a place on our annual list of college football’s most valuable teams. In 2007, the Tigers ranked eighth with a value of $73 million and profit of $34 million. Five years later the team still ranked eighth, but with team value up 16% to $85 million and a profit of $44 million.

In 2013, our most recent ranking, Auburn was down a bit to a value of $77 million, good for No. 11 on the list. The fall was mostly tied to last year’s horrific 3-9 season, a pitiful showing for the team that spent a massive $36 million, second-most in college football. The on-field disaster will also cost Auburn an extra $11 million just to fire head coach Gene Chizik and his staff.

Few teams spend like Auburn. In fact, the Tigers are second behind only Alabama when it comes to football expenses. That’s a big reason why we ranked Auburn among college football’s worst teams for the money. Over the last three seasons the Tigers have spent an average $5 million per victory. That willingness to spend highlights just how lucrative Auburn’s football team can be (the Tigers still earned $39 million last season) and, given this year’s title game trip, the financial outlay has clearly begun to pay off.

Florida State didn’t make our valuations list this year, but the Seminoles – along with Iowa, Michigan State and Clemson – were one of the closest misses, worth a bit over $50 million. A win tonight would do wonders for FSU’s hopes of bridging the gap. As I detailed in November, the combination of a BCS championship and a Heisman winner could seriously boost team revenue – the last six teams to achieve the feat saw revenue increase by an average 17%.

And just because FSU doesn’t crack the top 20 doesn’t mean it’s not raking in some serious cash. Last year Florida State reported a football profit of $20 million, which covered a large share of expenses for the school’s other sports teams while also helping the athletic department contribute $2.6 million back to academic programming on top of athletic scholarships. FSU and Auburn are both big supporters of academics, and the two teams combine to spend over $5 million per year just on football scholarships.

Beyond the financial power at home, Florida State and Auburn are also conduits of wealth for their local communities and conference rivals.

Visitors to Auburn’s home football games inject some $50 million of direct spending into the local economy over the course of a single season, which is among the biggest economic impacts in college football. Florida State may not come close to comparing, but even the not-so-compelling Seminoles home games generate between $1.5 million and $3 million in visitor spending per game. The year’s biggest rivalry game against Miami, which had college football’s 11th-most expensive ticket this season, can more than double that economic impact.

And while Florida State and Auburn’s conference rivals are often seen as hated villains, they too will grow richer on tonight’s showdown. The ACC and SEC will each receive some $24 million for FSU and Auburn’s automatic qualifications to BCS bowl play. The two conferences may have already been guaranteed those payouts, but the success of Florida State and Auburn was key to each conference also sending an at-large team to a BCS bowl, worth another $6.3 million per conference. All told, each ACC and SEC conference member will enjoy a $2 million payout thanks in large part to the success of tonight’s two competitors.

Follow @ChrisSmith813

Source: Forbes Business

 
Update
2

7 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

7 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and MH17" hits ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

'Time to rename medicines for mental health'
London, Oct 20 (IANS) In order to remove confusion for patients who could be prescribed drugs that appear to be unrelated to their condition, the world's major psychiatry organisations are proposing to completely change the terminology of the drugs used in mental disorders.
 
 
How to prevent brain damage after trauma
New York, Oct 20 (IANS) A treatment to prevent the body's immune system from killing brain cells can reduce the brain damage caused by head injuries, a study co-authored by an Indian origin researcher has found.
 
 
Heart attack ups depression risk in women
London, Oct 20 (IANS) Women are at a higher risk of developing anxiety and depression after a heart attack than men, new research shows.
 
 
Vitamin B12 could detoxify pollutants
London, Oct 20 (IANS) Looking at how certain organisms manage to lower the toxicity of pollutants, researchers have discovered that vitamin B12 could be the key to combating pollution.
 
 
 

Latest from the Network

1,074 new dengue cases in Chinese province
Beijing, Oct 18 (IANS) China's Guangdong province has reported 1,047 new cases of dengue fever, health authorities said Saturday. Six people have already died in Guangdong -- five in Guangzhou and one in adjacent...
Read more on Business Balla
 
Blake Lively 'always' wanted to be mum
Blake Lively has ''always'' wanted to be a mother. The 27-year-old actress is expecting her first child with husband Ryan Reynolds and she admits she's been dreaming of this moment since she was a youngster. Speaking...
Read more on Celebrity Balla
 
Kris Jenner 'torn apart' by Bruce's new relationship
Kris Jenner feels ''torn apart and angry'' that Bruce Jenner is dating her former assistant. The 58-year-old matriarch split from the 64-year-old Olympic gold medalist last October following 22-years of marriage but is...
Read more on Celebrity Balla
 
Cheryl Fernandez-Versini won't move to France
Cheryl Fernandez-Versini doesn't want to move to her husband's home country of France. The 'X Factor' judge, 31, who comes from Newcastle, is adamant she won't be relocating any time soon to suit her new spouse Jean-...
Read more on Celebrity Balla
 
Lance Bass sets wedding date
Lance Bass has set a date for his wedding. The former *NSYNC singer and his partner Michael Turchin, who have been dating for two-and-a-half years, are to tie the knot on December 20, 2014, a representative for the...
Read more on Celebrity Balla
 
Nepal avalanche toll reaches 39
Kathmandu, Oct 18 (IANS) At least 39 climbers died while hiking on a key Nepali route after it was hit by a major snowstorm and avalanches earlier this week, BBC reported Saturday citing officials. Over 350 stranded...
Read more on Politics Balla
 
Jake Gyllenhaal says society is complicit in 'nightcrawling'
Jake Gyllenhaal says almost everybody in society ought to relate to his new movie 'Nightcrawlers'. The eagerly-awaited film concerns those people who monitor police scanners and then race to crime scenes to film eye-...
Read more on Movie Balla
 
India eves look for first win in AFC U-16 qualifiers
Dhaka, Oct 18 (IANS) India will hope to register their first win of the 2015 Asian Football Confederation (AFC) Under-16 Women's Championship qualifiers when they take on hosts Bangladesh in a crucial encounter at the...
Read more on Sport Balla
 
Moyes mulling return to management
London, Oct 18 (IANS) Former Manchester United manager David Moyes said that he is ready to revive his managerial career six months after being sacked by the 'Red Devils'. "I am ready to return. I have enjoyed the...
Read more on Sport Balla
 
Ebola fears loom over Ghana hosting AFCON
Accra (Ghana), Oct 18 (IANS) The Ghana Medical Association (GMA) cautioned the government Saturday against hosting the 2015 African Cup of Nations (AFCON), despite a request by the Confederation of African Football (...
Read more on Sport Balla