Status Quo or Changes

[MetryCajun]

How confident are you in the season tickets long term if companies/individuals spent thousands of dollars and aren’t even interested enough to attend the games?

We are moving to the corporate model for increasing our season ticket and suite revenue. Some of the time these seats will go unused. We all want a big time sports program, well we will not get one by catering to everyday fans. We have hired SEC administration and coaches and they will be pushing revenue generation over everything else. I fully expect our football season ticket base to increase dramatically, but suspect butts in the seats will only increase slightly. As has been said the season tickets and suites are where the money is made. Buying a hotdog and beer does not drive the budget.
Trying to get families to walk up and buy tickets to fill a stadium is not the way we become a big time university. Corporate giving is the only way.

[MetryCajun]

The TimesPic did a great study many years ago on where the Saints make all their money. This was during the Brooks years and people where threatening to stop going to the games. What the report revealed is that not showing up for a game had little effect on the Saints bottom line. All the revenue was generated by lease deal, TV, advertising and Suite/season ticket sales. Not going to the game put a dent, but it was minimal. This is where we are going. We will have adds blaring during all timeouts and Corporaitions will be leaned on heavily to support the product both through advertising and ticket sales. The third leg of the stool, TV is where we have traditionally fallen short. Learfield will help some, but getting into a better conference is the only way to take in major dollars. Game day promotions will no doubt be used, but they will do nothing to help increase our budget.

[CajunAmos]

So you look at it as we already have the money so who cares? Interesting.... We don't have the luxury some schools have. I guarantee you that these suites are relied upon to make ends meet. I don't know if these commitments are legally binding but either way, they are of concern. Either word spreads that we get your money and that's all we care about. Or they don't renew and we have to find somewhere else to fill that gap. Either way, empty suites are not good.

My understanding is they were 5 year commitments.

[CajunRage]

My understanding is they were 5 year commitments.

Legal contracts? Or “commitments”?

[Duggie35]

The Teague?...I knew your were a neckster...

That’s a good one!!!! LMAO!!! 😂😂😂

[CajunVic]

Legal contracts? Or "commitments"?

Commitment? Contract? What's the difference? To get a suite you had to sign up to pay $100,000 over 5 years and agree to purchase season tickets in addition. They are locked in for that.

[CajunJeaux]

How confident are you in the season tickets long term if companies/individuals spent thousands of dollars and aren’t even interested enough to attend the games?

I’m not duggie35...but my answer would be very confident...being Robe has NEVER...as in NOT once in 25 years...a quarter of a CENTURY....had a postseason drought last longer than 2 seasons...my money is on you pumping your chest to your friends in a few years once again about the program we have...

[CajunRage]

Commitment? Contract? What's the difference? To get a suite you had to sign up to pay $100,000 over 5 years and agree to purchase season tickets in addition. They are locked in for that.

One of the RCAF staff members sat in my office and asked for a “commitment”. You can bet your ___ if I can’t afford to honor that commitment, they aren’t seeing a dime. It’s not a contract and they can’t do anything about it. In today’s economy and the world of
corporate buyouts, commitments aren’t worth squat.

[Kid Rock]

One of the RCAF staff members sat in my office and asked for a “commitment”. You can bet your ___ if I can’t afford to honor that commitment, they aren’t seeing a dime. It’s not a contract and they can’t do anything about it. In today’s economy and the world of
corporate buyouts, commitments aren’t worth squat.

It is not a contract, there is no notary and or subscribing witnesses.

Furthermore, RCAF can still go up on the agreement if they desire to do so.

When I signed my contract errrr commitment I asked them this:

So for the next 5 years I am locked in and the response was no, not if we elect to go up on RCAF prices, etc.

Such chicken ____ bull____.

So I totally agree if I can not afford it good luck trying to collect.

Winning cures everything!

Geaux Cajuns !!!

[CajunVic]

It is not a contract, there is no notary and or subscribing witnesses.

Furthermore, RCAF can still go up on the agreement if they desire to do so.

When I signed my contract errrr commitment I asked them this:

So for the next 5 years I am locked in and the response was no, not if we elect to go up on RCAF prices, etc.

Such chicken ____ bull____.

So I totally agree if I can not afford it good luck trying to collect.

Winning cures everything!

Geaux Cajuns !!!

All I know is that you and Rage don't know.

The commitment of suite owners are legally bound by written contract to pay the $100,000 over five years and purchase season tickets at the season ticket prices. They can't go up on the base suite price.

To legally get out of this contract, it would require a bankruptcy filing.

No notary or subscribing witnesses needed for this type of contract.

Whether the university would proceed by legal action if the contract is not honored but the suite holder is a totally different issue, but if they did, the university should prevail.