This week's PSU BOT meetings:
- Thread starter PSUFTG
- Start date
For a playoff game, PSU won't get to keep most of the proceeds of that ticket sale.
Could be. Take a look at the names on the stadiums of schools that have sold naming rights.
That would be a kick in the NCAA's a$$."Bally's Nittany Stadium".
I take it you’re also of the opinion that NIL sucks and that the players should just do it for the love of the game?
At least the pros finish the season.
While I really that ship has sailed, I'm also wondering why folks are still willing to pay more for a CFB ticket than an NFL ticket. It's like paying more for a Iron Pigs ticket than a Phillies (or Indy Indians vs the Pirates). If it's pro--it's pro.
Free education. Hit the books, get your degree, then earn your way in the world, sports or otherwise, with a degree in hand. Books first, money later.
I was referring to PSU. How much are the hotels contributing to the renovation of the stadium?
Don't care. But you're right. I think they've decided what they're going to build without any consideration of the financial ramifications. Brought to you by the same folks responsible for the annual nine-figure deficits.
Maybe PSU can collect a check and still call it Beaver Stadium 
Who is losing because of this #? Spare parts. What pays and has created a monster University? Not professors. Coaches.
The money is wasted on a lot of things but it's not our most valuable resource in every direction. Rod spent money on nice structures that will be gone in 10 years.
This guy wants the name to stay as ot is.I know I'm going to get roased for this but it's time for the discussion. It's not college football anymore.
"Las Vegas Raiders, Allegiant, $25 million per year, 2020-49
Dallas Cowboys, AT&T, $19 million per year, 2013, term unknown
New York Jets/Giants, MetLife, $16 million per year, 2011-36
Los Angeles Rams/Chargers, SoFi, $15 million per year, 2020-39
Miami Dolphins, Hard Rock $13.9 million per year, 2016-34
Atlanta Falcons, Mercedes-Benz, $12 million per year, 2015-42
San Francisco 49ers, Levi’s, $11 million per year, 2013-33
Seattle Seahawks, Lumen, $10.8 million per year, 2019-33
Pittsburgh Steelers, Acrisure, $10 million per year, 2022-36
Houston Texans, NRG Energy, $9.4 million, 2000-32
Minnesota Vikings, US Bank, $8.8 million per year, 2015-40
New England Patriots, Gillette, $8 million per year, 2017-31
Arizona Cardinals, University of Phoenix, $7.7 million per year, 2006-26
Washington Commanders, FedEx, $7.6 million per year, 1998-2025
Carolina Panthers, Bank of America, $7 million per year, 2004-24
New Orleans Saints, Caeser Entertainment, $6.9 million per year, 2021-40
Philadelphia Eagles, Lincoln Financial, $6.6 million per year, 2002-22; $12.1 million per year 2023-32
Indianapolis Colts, Lucas Oil, $6.1 million per year, 2006-28
Baltimore Ravens, M&T Bank $6 million per year, 2014-27
Cleveland Browns, FirstEnergy, $6 million per year, 2013-30
Buffalo Bills, Highmark, $5 million per year, 2021-30
Denver Broncos, Empower, $5 million per year, 2019-39
Tennessee Titans, Nissan, $5 million per year, 2015-34
Jacksonville Jaguars, EverBank Field, $4.3 million per year, 2014-24
Tampa Bay Buccaneers, Raymond James Financial, $3.2 million per year, 2016-27
Pittsburgh Steelers, Heinz, $2.85 million per year, 2001-21
Detroit Lions, Ford, $2 million per year, 2002-26
Kansas City Chiefs, GEHA, not reported
Cincinnati Bengals, Green Bay Packers, Chicago Bears: none"
Steelers Get $150M in Acrisure Stadium Rights Deal, 11th-Most in NFL
The naming rights deal for the Pittsburgh Steelers home, Acrisure Stadium for 2022 is worth more than $150 million over 15 years.steelersnow.com
Hey I’m with you on sitting out the postseason. I hate it and we have a lot more examples of players getting catastrophic injuries at the Combine/Pro Day than bowls but oh well.
And who is paying more for college tickets than NFL tickets? The price of PSU tickets are a pittance next to the Eagles and Steelers. A buddy of mine has 4 season tickets for PSU and 4 season tickets for the Eagles and he pays nearly as much JUST IN FEES for the Eagles tickets as he does for the entire cost of PSU tickets
Here in Columbus, the big games are $200. Face. Mind you, I've not been to a pro football game in years.
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So the solution to wasteful spending is more wasteful spending? Makes sense.
No, the players should be paid with a portion of the TV revenue and gate revenue like pro players. What did P T Barnum say about suckers? Once the players figured out they can get paid and the athletic departments and universities realized there are enough fans to carry their water, NIL became what it is. Sucks and suckers. Amazing.
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I don’t disagree, but that horse has been out of the barn for quite some time now. The real kicker for me was when we received a letter from our school district earlier this year explaining what was acceptable and non acceptable forms of NIL after PA passed the approval of NIL for high school athletes. Now, that is nuts.
Hopefully they aren’t wasting their time discussing dumb stuff like this.
A "win" is a solid financial justification for whatever proposal is approved.
I agree with that, but I don't think that kick it down the road is the answer. That's what got it to where it is currently. I just moved my daughter out of Pollock yesterday and can tell you that the bathrooms are 1960 style prison vintage. Same with the stadium.
Trustee: What is the justification to spend $700 MM on football stadium renovations given…?
Short: Football.
Schuyler: The proposal passes. Next.
And despite appearances, PSU has no major problems with enrollment or selling football tickets. Stepping back from that, a financial case maybe made that certain levels of renovation may save ongoing maintenance costs. Foreseeable imminent structural or mechanical failure is also a justification. making something pretty ain't, particularly when PSU is running persistent nine figure deficits and there are no apparent signs of that abating.
I'm not smart when it comes to this. Are football tickets and enrollment major factors in bond rating?
Penn State
ADMINISTRATION
Penn State's credit remains strong, say latest ratings from Moody's, S&P
Close up of Pollock Gates
The Pollock Gates were a gift from the Class of 1903. Credit: Curtis Chan / Penn State. Creative Commons
MAY 16, 2022
UNIVERSITY PARK, Pa. — Penn State remains on strong fiscal footing despite the financial challenges presented by the COVID-19 pandemic, according to recent reports from Moody’s Investors Service and S&P Global Ratings.
Both firms have given Penn State’s credit rating a stable outlook, with Moody’s maintaining the University’s Aa1 stable rating in an April 28 analysis and S&P again assigning the University its AA long-term rating with a stable outlook on April 25. The ratings, which are the second-highest offered by each firm and on par with many peer research universities, reflect Penn State’s good financial standing and creditworthiness.
“These ratings are indicative of Penn State’s commitment to sound fiscal management and speak to the power of the University’s brand and performance,” said Sara Thorndike, Penn State senior vice president for Finance and Business/treasurer. “We are pleased that both Moody’s and S&P have recognized our work to responsibly manage the University’s resources, which has Penn State positioned for continued success.”
In its report, Moody’s said Penn State’s Aa1 stable rating “reflects its excellent brand and strategic positioning as a flagship land-grant university,” adding that the University’s “strong educational and clinical reputation will continue to support favorable demand and mitigate demographic and competitive challenges.”
In addition to its strong brand and strategic positioning, Moody’s indicated that Penn State’s credit strengths include its substantial scale and liquidity, providing for extensive financial flexibility and the capacity to manage through business disruption; consistently favorable operating performance, providing strong resources for reinvestment and reflecting excellent financial policy and strategy; and excellent revenue diversity and predictability, partly derived from the strength of the University’s operating environment and philanthropy.
Similarly, S&P’s report highlighted Penn State’s strong enterprise and financial profiles, counting the University’s relatively stable long-term enrollment trends, broad programmatic offerings, role as the state’s flagship public university, large research base, successful fundraising, positive financial operating margins, and historically good revenue diversity among the factors contributing to its AA long-term rating.
S&P also lauded the University for its financial management during the COVID-19 pandemic. “We believe Penn State’s healthy balance-sheet strength and liquid resources have helped it offset some of the pressure that arose because of the pandemic,” the ratings agency reported.
Moody’s and S&P did note several credit challenges for Penn State, with both firms pointing to unfavorable demographics for graduating high school seniors in Pennsylvania and heightened competition as potentially creating enrollment pressures for the University and straining net tuition revenue growth — a problem shared across the commonwealth’s higher education landscape. Moody’s also listed the University’s exposure to the health care sector in a competitive regional market, and S&P cited ongoing senior leadership transitions and searches, limited growth in state funding for higher education, and a constrained revenue environment for federal research support, as additional credit challenges.
The S&P report goes on to say that the University’s stable outlook “reflects our view that Penn State’s enrollment trend should improve slightly, financial operating margins remain positive, expendable resources remain quite healthy, and any additional debt issuance will be accompanied by a commensurate increase in expendable resources,” while Moody’s added that Penn State’s “outsized scale and excellent revenue diversity support the long-term durability of the operating model by providing significant operational flexibility.”
Enrollment certainly is. Not sure how the rating agencies treat athletics.
Surprised that the rating agencies haven't done an update for PSU. They usually do around this time of year. They downgraded PSU Health earlier this year. If and when PSU issues $700mm of bonds for the stadium, the rating will almost certainly be updated.
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