rrrango
06-11-2007, 02:36 AM
For those of you who are Iron Duke contributors, I trust that you have received the notice from Jack Winters that the donation levels will be increased by 50% from last year's amount. Specifically, donors will be asked to contribute $15,000 per pair of tickets instead of $10,000.
Jack justifies this increase due to all ACC schools now getting a full and equal allocation of tickets in the "smallest venue to host the tournament in three decades." However, the venue size is only 2000 seats smaller than Tampa, and about 1600 seats smaller than DC's MCI Center. Divided over 12 schools, the marginal increase in donor levels does not come close to the marginal cost of lost revenue in lost seats.
Basically, the (estimated) math looks like this: Tampa '07 Duke allocation (20,500/12 schools) - about 1708 seats. Charlotte '08 allocation (18,500/12 schools) - about 1541 seats. If we assume that Duke had a larger allocation in Tampa than expansion schools, and got an additional 192 seats, the Donor shortfall would come out to about $3.6 Million. Spread over the '08 allocation, this should account for an increase of only $2,350 per donor, a far cry from the $5,000 increase asked for in Jack's letter. Now the question here is, where is the $4 million in additional cash expected to be spent? What other non-men's basketball activity (and many examples here definitely come to mind) is it subsidizing?
When Duke and UNC initially voted against ACC expansion, it was primarily because they anticipated that basketball supporters would suffer as a result. It was argued by the other schools that the additional revenue from football would ultimately even out these inequities. Four years later, it's pretty clear that even Duke is prepared not to protect its donors, but actually ask them to pay for a poor decision that ultimately dilutes the quality of basketball that our conference produces, and further inhibits our football program from emerging from its doldrums.
Now, I am sure that many Iron Dukes still read this board. Before the pledge cards are sent out in July, are there any thoughts?
Jack justifies this increase due to all ACC schools now getting a full and equal allocation of tickets in the "smallest venue to host the tournament in three decades." However, the venue size is only 2000 seats smaller than Tampa, and about 1600 seats smaller than DC's MCI Center. Divided over 12 schools, the marginal increase in donor levels does not come close to the marginal cost of lost revenue in lost seats.
Basically, the (estimated) math looks like this: Tampa '07 Duke allocation (20,500/12 schools) - about 1708 seats. Charlotte '08 allocation (18,500/12 schools) - about 1541 seats. If we assume that Duke had a larger allocation in Tampa than expansion schools, and got an additional 192 seats, the Donor shortfall would come out to about $3.6 Million. Spread over the '08 allocation, this should account for an increase of only $2,350 per donor, a far cry from the $5,000 increase asked for in Jack's letter. Now the question here is, where is the $4 million in additional cash expected to be spent? What other non-men's basketball activity (and many examples here definitely come to mind) is it subsidizing?
When Duke and UNC initially voted against ACC expansion, it was primarily because they anticipated that basketball supporters would suffer as a result. It was argued by the other schools that the additional revenue from football would ultimately even out these inequities. Four years later, it's pretty clear that even Duke is prepared not to protect its donors, but actually ask them to pay for a poor decision that ultimately dilutes the quality of basketball that our conference produces, and further inhibits our football program from emerging from its doldrums.
Now, I am sure that many Iron Dukes still read this board. Before the pledge cards are sent out in July, are there any thoughts?