university of arkansas
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University of Arkansas . Staff Senate Thursday, September 9, 2010. Goals for Today. Share the Razorback Foundation Seat Value Plan, specifically regarding Faculty/Staff tickets Plan to address Misconceptions about University of Arkansas Athletics Need for additional funds RSVP Program. - PowerPoint PPT PresentationTRANSCRIPT
University of Arkansas
Staff SenateThursday, September 9, 2010
Goals for TodayShare the Razorback Foundation Seat Value Plan,
specifically regarding Faculty/Staff tickets
Plan to addressMisconceptions about University of Arkansas AthleticsNeed for additional fundsRSVP Program
Misconceptions Best Facilities in the Country
Hog Heaven Article in 2006 Consensus ranking of
5th in Football Facilities in the SEC
Since 2006Have all made significant renovations and expansions to their football facilities
Hog Heaven Article in 2006 Consensus ranking of
1st in Basketball Facilities in the SEC
Since 2006Alabama: $4.5 million renovationAuburn: $92.5 million for new Arena and Practice
FacilityFlorida : $10 Million renovationGeorgia : $8.5 million renovationKentucky: $30 Million Practice FacilityLSU: $13.9 million Practice FacilityOle Miss: $12 Million Practice FacilityTennessee : $16 Million Practice Facility
MisconceptionsUnlimited amount of financial
resources and reserves
Fact: We do NOT have $20-$50 million in reserves in the Razorback Foundation
Fundraising Numbers (Annual Fund)FYO8-09
Rank Institution Total1 Florida 28.52 Georgia 25.53 LSU 23.84 Tennessee 21.05 Alabama 17.96 Auburn 17.27 Kentucky 15.18 South Carolina 14.19 Arkansas 11.810 Ole Miss 9.911 Miss. State 8.412 Vanderbilt 3.4
Fundraising Numbers (Donors)FYO8-09
Rank Institution Total1 Georgia 16,0002 Auburn 16,0003 Florida 15,0004 South Carolina 13,5005 Alabama 13,3666 LSU 11,4397 Arkansas 10,5878 Tennessee 10,0009 Kentucky 8,50010 Ole Miss 6,78011 Miss. State 5,55312 Vanderbilt 2,750
Athletic BudgetFY 10
Rank Institution Total1 Tennessee $98,000,0002 Florida $91,000,0003 Alabama $85,3000,0004 Georgia $80,000,0005 LSU $74,000,0006 Auburn $75,000,0007 South Carolina $75,000,0008 Kentucky $71,000,0009 Arkansas $59,688,47510 Vanderbilt $44,900,00011 Ole Miss $40,000,00012 Miss. St. $38,754,480
The need to be more than just the Annual FundIn January 2008, Razorback Foundation
projections showed that without a significant revenue increase, they would not be able to meet their financial obligations in 2012.
A Broader Spectrum of GivingSeat Program
Increase Seat Values for DWRRS and WMSExpanding Razorback Foundation MembershipCapital Campaign Planned and Deferred Gifts and Endowment
Historical DateOver the last 5 years over 30 schools have re-evaluated
their Football seating plansSeat Premiums for DWRRS have NOT increased since
1982 (28 Years)
AND…..
SEC Seat ProgramsEvery school in the SEC has done their own form of a
Seating Plan
EXCEPT
What has been doneRaised financial concerns with Razorback
Foundation LeadershipSuggested update of Seat Values in Football
For DWRRS and WMSRazorback Foundation asked for our
assistanceNo Experience
Razorback Foundation asked Chris Wyrick to leadHas Experience
Committee MembersScott Bull*George Cole*Jeanne Groff Gene Hudson*Gary Smith Donny Story
Norm DeBriynHarold HortonJeff LongKen MourtonReece ParhamSean RochelleMark ScobeyChris Wyrick
Committee Advisors
*Razorback Foundation Board Members
Steps TakenStudied our current situation
Studied different seating models
Studied other schools stadiums and seating configurations and price points
Reviewed possible changes
Developed “Arkansas” plan
We Actively Studied
55Models and Prices
* 325 hours of calculations and review
Competition in football Seat PremiumsSeat Premium per seat, 50 Yard Line(our section 104 & 114)
Texas A&M-$3,500Penn State- $2000LSU- $950Kentucky- $450
Arkansas- $150Oklahoma State- $800Tennessee- $1,250Mississippi State- $350Ole Miss- $625
Georgia- $400Florida- $1,000Auburn- $500Alabama- $1,300 Clemson- $700
Cost of Entry into SectionsRewarding current seat holder loyalty
Current seat holders may remain in current seats as long as they meet the new minimum Seat Premiums
Cost of entry New section requirements
Classification # of Tickets In These SectionsBroyles-Matthews Platinum- $20,000
16 104 - 114
Broyles-Matthews Gold-$10,000 12 103 -104-105-114 Broyles-Matthews Silver-$5,000 10 103-105-113-114-115 Super Hog-$3,000 8 102-113-115 Wild Hog-$2,000 6 102-106-112-121-122-123-
124-125 Tush Hog-$1,000 4 101-106-112-118-119-120-
121-122-123-124-125-126-127-128-503-504-505-513-
514-515 Big Hog-$500 4 107-502-503-506-513-515 Big Red -$100 4 502-505-506 Non Donors 2 500-501-507-508
Faculty/Staff Fact Sheet801 Account1572 Tickets136 accounts who are members of the Foundation(10%)52 accounts that have other seats and require that they are
members of the Foundation665 accounts that just use the discount
Faculty/Staff PolicyCurrentNo Seat Premium½ Ticket Price
New PolicyCurrent Ticket Holder
No Seat Premium½ Ticket Price
New Ticket HoldersNo Seat PremiumFull Ticket Price
Faculty/Staff Ticket ComparisonsSchool # of tickets Ticket price Section DonationAlabama 2 20% discount F/S None
Arkansas (current)
2 50% discount Any None
Arkansas (new) 2 Full Price Any NoneAuburn 2 50% discount Any 50% Florida 2 Full Price F/S NoneGeorgia 2 50% Discount F/S NoneKentucky 2 20% Discount Any 50% LSU 2 Full Price Any NoneOle Miss 2 50% Discount Any 100% Miss St. 2 20% Discount F/S NoneS. Carolina 2 20% Discount Any NoneTennessee 2 20% Discount Any NoneVanderbilt 2 $99 each (season) Any 100%
Total Faculty/Staff Seat Value AmountsLittle Rock F/S Seat Values used
$23,080Fayetteville F/S Seat Values used
$203,200Overall F/S Seat Values used
$226,280
Questions?