Florida Classic payout nearly doubles

da rattler
6

According to our sources, FAMU and Bethune-Cookman were each able to take home $1,400,190.76 from the 2006 Florida Classic. The payout to each school this year is said to be up about $600,000 from the previous year's payout, and that's no Mickey Mouse change there.

Last year was the first year that both schools took over the operations and management of the Classic and created the non profit Florida Classic Consortium.

While the game was played in November of 2006, it seems that the Consortium took its sweet time paying bills, adding up the final tallies, and cutting checks to each school which we understand was just completed this month. Overall, the Consortium is claiming that it increased revenues by 67.1 percent.

The Consortium met last Thursday at Bethune-Cookman to begin planning for the 2007 game.

Also see:

Disney renews sponsorship

FAMU-BCC create Florida Classic Consortium

Consortium created
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6Comments

  1. da rattler,
    There are three ways we can look at this issue.

    1. The payout of $1.4 million per team puts us at the top of the heap in "bowl game" payouts, under 4-5 BCS bowl games (see list below).

    2. The overhead must be tremendous putting on this game with 72,000+ fans. How does the TV revenue come into play and shouldn't we go to a pay-for-view approach if we are earning, say $125,000 each for ESPNU televising the game?

    3. I'll like to see the entire financial report for the Florida and Atlanta Classics. Someone is walking away with the loot and its not FAMU, BC-U and TSU.

    ReplyDelete
  2. BOWL PAYOUT BREAKDOWN 2006 Season

    Bowl Per team payout

    FLORIDA CLASSIC $1,400,190.76

    Poinsettia $750,000

    Pioneer PureVision Las Vegas $950,000

    R+L Carriers New Orleans $325,000

    Papajohns.com $300,000

    New Mexico $750,000

    Bell Helicopter Armed Forces $600,000

    Sheraton Hawaii $398,000

    Motor City $750,000

    Emerald $850,000

    PetroSun Independence $1.1 million

    Texas $500,000 for Big East, $750,000 for Big 12

    Pacific Life Holiday $2.2 million

    Gaylord Hotels Music City $1.6 million

    Brut Sun $1.9 million

    AutoZone Liberty $1.5 million

    Insight $1.2 million

    Champs Sports $2.25 million

    Meineke Car Care $750,000

    Alamo $2.2 million

    Chick-fil-A $3.25 million for ACC, $2.4 million for SEC

    MPC Computers $250,000

    Outback $3 million

    AT&T Cotton $3 million

    Toyota Gator $2.25 million

    Capital One $4.25 million

    Rose $17 million **

    Tostitos Fiesta $17 million ***

    FedEx Orange $17 million

    Allstate Sugar $17 million *,**

    International $750,000

    GMAC $750,000

    Tostitos BCS Championship $17 million

    ReplyDelete
  3. RN,

    Did you know that the Florida Classic Consortium is a DSO of FAMU? Did you also know that the books for this DSO has not been audited since its inception (2005-planning seed money).

    Did you also know that the FL Auditor General has questioned the operations of this DSO?

    BTW, why was Castell at this meeting when she was specifically told not to attend?

    Peace, keep up the good works on behind of FAMU!

    ReplyDelete
  4. I'm assuming that is $1.4 million AFTER expenses?

    If so, that is a nice payout for a well attended, yet poor TV rating, game. I think the FLA Consortium needs to focus on negotiating getting this puppy on something better than ESPNU. I say go for the gusto and try for ABC.

    ReplyDelete
  5. I mean it is Disney, right?

    ReplyDelete
  6. it is sponsored by Disney, yet Disney decides to bury it's only Title sponsored college football game on "the U". Strange.

    ReplyDelete
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