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Mama Bear
11-04-2011, 12:34 PM
Some of you may be interested in a link on the Calbears.com website that provides a wealth of information on the ESP program.

It provides the ESP Financing Plan update from Vice-Chancellor John Wilton, the ESP Financial Reports, and Statements of Revenue.

At the same location is an article that describes the new Pac-12 Media Rights information.

Since there are frequent posts around the ESP program--some with incomplete information and conjecture, it would be a good idea to check this site to get the full story.

http://www.calbears.com/genrel/programscope.html

Go Bears! Beat the Cougs!

ColoradoBear1
11-04-2011, 01:15 PM
Great link, thanks for the information. This answers a lot of questions regarding exactly where the ESP program is currently, which comes up every now and then. Just to note the ESP data is linked in the right sidebar.

1644 seats pledged and being paid for out of 3198.

2010 rev: $14,367,534
2011 rev: $13,461,021

I don't know if they've ever published the exact numbers on the stadium bond payments, but I think people have figured to be around $15 million. Obviously more seats need to be sold, but the project is hardly a failure at this point.

Another thing of interest in that link - the AD is reporting that the 2012-2013 TV payments are $1-2 million above what was projected when deciding the sports cuts to reach an annual deficit goal of $5 million. That is based on a figure of $15 million in 2012 from the p12 which does not include revenue from the P12 Network, but includes somethings like media rights buyback. I'm thinking $5- 6 million is a conservative estimate for the P12 network, though who knows how the payout in 2012 will be determined due to all the start up costs. Bottom line is that the $15 million in 2012 seems like a lowball estimate in the years after, and in 2013 that should jump to $22-25 million? I might be hard for the AD to justify any subsidy at that point, but there is likely $3-7 million surplus compares to this year, even if the subsidy were reduced to zero. In future years, that surplus would rise very quickly, maybe by a million per year... more if the P12 Net does really well. A lot of that depends on how and what the AD decided to spend on in the next few years.

Finally, something a little eye opening from the 'revenue and expenses' figures linked in the right sidebar -

For FY2010 expenses,
Coaches Salaries: $14.5 million
Administration Salaries: $13.6 million
Athletic Student Aid: $11.1 million

That's with a total budget of $69 million.

oskidunker
11-04-2011, 01:47 PM
Thanks!

Mama Bear
11-04-2011, 03:17 PM
OD: The department was meeting this morning regarding this subject.

vmfa531
11-04-2011, 08:46 PM
Just a bit interesting.

BAMSPhD
11-04-2011, 09:25 PM
1644 seats pledged and being paid for out of 3198.
...
Obviously more seats need to be sold, but the project is hardly a failure at this point.


I agree that the project is hardly a failure at this point; however, consider that back in April 2010 Athletics announced that 1700 out of 2875 seats were sold.

In December 2010 they again announced that 1700 of 2875 seats were sold, but that did not include University Club sales. Scraping those from the ESP web site, I counted 127 of 472 seats sold, or 1827 of 3347 seats.

At the December 2010 ESP presentation I asked why the reported number of sales was exactly the same as in April. The reply was that there had been no net sales change over the past 6 months. Furthermore, while there were some some new enrollees, an equal number of subscribers bailed out when the first payment was due.

Now, 1.5 years after this April 2010 announcement we find that 1644 seats are pledged, a net loss of 56 seats. It's possible that Athletics had previously rounded up from 1644 to 1700, and that this merely reflects a complete and total lack of sales over the last 18 months rather than an actual loss of 3% of the subscribers.

Here are links to my previous postings, where I reported on the numbers announced at the April and December ESP presentations:

http://bearinsider.com/forums/showthread.php?t=34516
http://bearinsider.com/forums/showthread.php?p=432833#post432833

http://bearinsider.com/forums/showthread.php?t=15675
In August 2009 it was announced that there were only 800 seats left in the ESP area. Now there are 1231 seats available.

If I can find an additional relevant posting from even earlier than April 2010, I'll add a link below:

(insert missing link here)