PQ / CM Relationship

[SpiderGuy]

Whatever the season ticket and tickets-sold totals feel to this year, you can probably take another 20-25% off those totals next year if you keep Mooney. Before the VCU game we were down about 15,000 announced tickets sold this season. Conservatively figure an average of $10 a ticket and $5 per ticket sold for concessions and that's about $225,000 we lost. Could be a lot more than that too, on the high end.

None of that matters much if PQ is as influential as some seem to believe and throwing millions toward the school. I'll bet UR is willing to let seats go empty, give away freebies, or sell for $5 as well as let some donations go away as long as they can keep his big bucks. Maybe I'm totally wrong with this theory, but it's worth putting out there.

In the next few weeks we may get an answer of how much influence he exhibits. Does winning matter anymore?

 

[Captain Anderson]

And just a general comment...

There's a lot of projecting going on regarding what people are or are not doing. Very few assertions supportable by fact, unless you're stalking those individuals.

Very true. It will be interesting to see what, if anything, happens after the A-10 tournament. Does Hardt make any type of statement regarding Mooney's employment? Do we hear the dreaded "vote of confidence", etc?

 

[97spiderfan]

Just a couple things. The math on tickets sold doesn't work. You're comparing attendance YoY, but don't know the underlying composition of tickets sold/discounted/given away. Second, athletics doesn't get a dime of concessions. In fact, they can actually become a net loss for the department.

Where does the concession money go?

 

[fatherspider]

The man "loves" UR - give him credit for putting his "money where his mouth is"....................Nothing sinister or lurid about that....to give any credence to any unfounded "rumors/scuttlebutt" ...whatever you want to call it is scraping bottom. Each of us choose our friends and he and his wife have the same option.

True but if he is throwing his money around or holding it back to influence the decisions of the AD regarding the ur basketball program, that is childish, bullying behavior and ur should tell him to shove it.
Billboard was childish but the group felt they had nowhere to turn. If DQ is doing what some suggest, that is equally or more childish and even more sinister.

 

[I-M-UR]

Queally is killing our program right now.

I don't think that is true Queally has been wonderful for the school; but I do think if Mooney is his good buddy, why oh why not let him move on to something else.... would you force your 'good friend' to be miserable?

 

[fatherspider]

I don't think that is true Queally has been wonderful for the school; but I do think if Mooney is his good buddy, why oh why not let him move on to something else.... would you force your 'good friend' to be miserable?

Why is mooney miserable? No one is going to pay him close to 1.2m. He’d have to go back to being an assistant somewhere.

 

[keefusb]

Is he Mortimer or Randolph in this scenario, and who has the other side of the $1 bet?

I'm going to say that PQ put up the dollar that said that the $14 million wouldn't change the Moon Man, while Jimmy Miller put up a dollar that said CM would turn into an entitled, dispassionate, albeit wealthy potatoe. Miller stuck his dollar into PQ's garter strap on his way out the back door of the RC.

#NoMoreMooneyTruthing

 

[spiderman]

True but if he is throwing his money around or holding it back to influence the decisions of the AD regarding the ur basketball program, that is childish, bullying behavior and ur should tell him to shove it.

isn't it the same, on a different scale, as telling the school you won't renew tickets or donate to the school until Mooney is gone?

 

[Wood Hall]

Just a couple things. The math on tickets sold doesn't work. You're comparing attendance YoY, but don't know the underlying composition of tickets sold/discounted/given away. Second, athletics doesn't get a dime of concessions. In fact, they can actually become a net loss for the department.

We certainly receive money from concessions. Not sure who our concessionaire is, or if it's handled in house, but if we contract with a concessionaire, as many schools do, we get a flat percentage of the gross, generally someplace between 30-40%.

You don't make as much profit contracting out concessions, but you save the labor/supply/payroll headaches.

 

[64Spider]

I am under the impression that the folks that work in the concession areas are from schools, churches, boys clubs, charitable organizations, etc. and that any profit is donated to their group.

 

[Wood Hall]

I am under the impression that the folks that work in the concession areas are from schools, churches, boys clubs, charitable organizations, etc. and that any profit is donated to their group.

UR's cut is taken off the top as a percentage of the gross, through a contract with the concessionaire. Those workers from schools, churches, boys clubs, charitable organizations, etc., are contracted by the concessionaire and their organizations are compensated.

At least that is how it works elsewhere.

 

[SpiderK]

Costco gives you a footlong hotdog and a drink for $1.50. Hopefully a charity is getting some of 300% profit ($6.00) on UR “hotdogs”

 

[Eight Legger]

Where does the concession money go?

To Joe Lunardi.

 

[SpiderRick]

I'm curious, how much money (shares) does Richmond get if we get in to the NCAA Tournament? Isn't it like hundreds of thousands, and we keep getting it for a period of years? And what if we get in the tournament and win a first round game? That's got to be more than enough to buy out Mooney's contract, but I would like the specific details if someone can tell us.

 

[Eight Legger]

The amount increases a bit every year, but basically for every NCAA game you play, you get roughly $265k per year for six years.

 

[Spiders05]

We certainly receive money from concessions. Not sure who our concessionaire is, or if it's handled in house, but if we contract with a concessionaire, as many schools do, we get a flat percentage of the gross, generally someplace between 30-40%.

You don't make as much profit contracting out concessions, but you save the labor/supply/payroll headaches.

I can assure you athletics does not. UR dining services does. 100%. Beer sales? All dining. $1.00 hot dog night? $4.00 to dining. $1 from you and $3 from athletics.

 

[KE Spider]

Putting down Paul Queally is counter productive to your cause. Paul is highly regarded by a vast majority of people associated with University. He has been the largest benefactor to the university over the past decade and stepped up time after time. He is also expected to be the largest benefactor over the next 10 years. He is a guy who loves the University and understands the big picture of what needs to be done to make university better. Putting down Paul makes people on the board look selfish, by putting their own needs ahead of the best interests of the university. No one associated with the university is going to choose the side of people on this board over Paul.

Agree, PQ has become a George Soros or Koch brothers bogey man. He isn't the real problem. Inertia at the Admin level is the problem and I'm not blaming Hardt either. He just got here. Had to learn the lay of the land and the power structure at UR before acting abruptly. But Mr. Hardt, now is the time to act.

 

[Gospiders06]

Let's grab a cup of coffee has turned into Let's grab a beer.

 

[Wood Hall]

I can assure you athletics does not. UR dining services does. 100%. Beer sales? All dining. $1.00 hot dog night? $4.00 to dining. $1 from you and $3 from athletics.

Then the university, which subsidizes athletics to a great degree, is getting paid, and therefore nobody is "losing" money on concessions.

I read your OP to read that the university is losing money on concessions. It clearly is not, since UR dining is part of the university. But it might be time for Hardt to urge the university to decouple concessions from UR dining, put athletic concessions under the athletic department's umbrella, and put out an RFP for a concessionaire so athletics can benefit from income it creates.

PS: The $265,000 (roughly) the A-10 receives for each game (the NCAA calls them "units") the league plays in the NCAA tournament are divided equally among the membership.

 

[Gopher+RamFan]

PS: The $265,000 (roughly) the A-10 receives for each game (the NCAA calls them "units") the league plays in the NCAA tournament are divided equally among the membership.

That's not true. Programs who earn the units keep 75%, the remaining 25% is split evenly amongst the A10 programs.

https://www.basketballforum.com/atlantic-10-conference/554562-ncaa-credit-payouts.html

 

[urmite]

Then the university, which subsidizes athletics to a great degree, is getting paid, and therefore nobody is "losing" money on concessions.

I read your OP to read that the university is losing money on concessions. It clearly is not, since UR dining is part of the university. But it might be time for Hardt to urge the university to decouple concessions from UR dining, put athletic concessions under the athletic department's umbrella, and put out an RFP for a concessionaire so athletics can benefit from income it creates.

PS: The $265,000 (roughly) the A-10 receives for each game (the NCAA calls them "units") the league plays in the NCAA tournament are divided equally among the membership.

I believe, out of each $284,000 the team that plays in the NCAA gets 213, each other team gets $5,450...

 

[Wood Hall]

That's not true. Programs who earn the units keep 75%, the remaining 25% is split evenly amongst the A10 programs.

https://www.basketballforum.com/atlantic-10-conference/554562-ncaa-credit-payouts.html

Then the A-10 does it differently than the Pac-12. My mistake.

 

[ChoppinBroccoli]

Then the A-10 does it differently than the Pac-12. My mistake.

Yes, the Pac-12 schools fire their underperforming coaches.