What is the Economic Impact of a National Championship?

[EMAWesome]

So, Belvis Noland, Wabash909 & myself had a pretty fierce discussion the other night, and we really couldn't come up with a consensus answer, and it's kind of bugged me all week. Despite the fact that a consensus wasn't reached, Belvis and I feel pretty stongly that we won the argument.

The question at hand: What is the true economic impact of a National Championship.

The discussion evolved (devolved?) into these main discussion points that we struggled to quantify...

1) What would a National Championship be purchased for on an open market? i.e. How much $$ would a University cough up if they could literally purchase a National Championship?

2) What would a National Championship be purhcased for on an open market of donors and alumni? i.e How much $$ would T. Boone Pickens or Phil Knight cough up for the NC for their alma mater?

3) What is the true economic impact to a University that wins a National Championship, in increased $ revenue?

4) What is the true economic impact to the city of the University that wins a National Championship?

5) How large of a winning Lottery ticket would you give up in order for your 'Cats to win the NC this season? If you keep the Lottery Ticket, the 'Cats lose to Baylor or Texas...if you tear up the lottery ticket, the 'Cats are the champs. Keeping the lottery ticket does not mean the 'Cats will never win a NC in the future, just not this season.

6) Is the difference in economic impact (to the University and City) much greater for the team that WINS the NC game compared to the team that LOSES the NC game?

 

[mocat]

crap #5 is a good question

[ew2x4]

The biggest question is how long that value lasts. #5 is a toughy. Very tough.

[Winters]

I'll tell you what goodbuddy, I'd tear that ticket up in a heartbeat!

[MadCat]

Does this belong in the rhetorical thread?

[EMAWesome]

I'll tell you what goodbuddy, I'd tear that ticket up in a heartbeat!

But how large of a jackpot would you tear up? $10M? $100M? $500M?

[cvmcat]

You could probably query Auburn for the answers to #s 1 and 2.

[p1k3]

How high were you guys?

[EMAWesome]

How high were you guys?

A few Summer Beers in...and Rich bought us a shot of Wild Turkey

[420seriouscat69]

I'll tell you what goodbuddy, I'd tear that ticket up in a heartbeat!

But how large of a jackpot would you tear up? $10M? $100M? $500M?

I'd take the jackpot and boone pickens the crap out of K-State.

[SleepFighter]

20*NBAF

[Pittcat]

Money can't buy an un-asterisk'd NC.

[Brock Landers]

I can't answer any of the questions you posed but I do know there would be enough economic impact for Manhattan to finally build the underground lazy river transit system.

[detch23]

Money can't buy an un-asterisk'd NC.

 

[detch23]

This is kind of an answer.  Have to scale it back for MHK but would have a very similar event track as Florida.

http://businessofcollegesports.com/2011/07/11/can-we-measure-the-effect-of-national-championships/

[EMAWesome]

This is kind of an answer.  Have to scale it back for MHK but would have a very similar event track as Florida.

http://businessofcollegesports.com/2011/07/11/can-we-measure-the-effect-of-national-championships/

We found that article as well...Personally, I think the growth at Florida is equal parts NC and sustained success. While I don't see an Auburn like demise to  after a NC, I also don't see KSU having a run of titles in FB & BB, and sustained BCS type teams over a 3-5 year period like Florida had

[Winters]

I'll tell you what goodbuddy, I'd tear that ticket up in a heartbeat!

But how large of a jackpot would you tear up? $10M? $100M? $500M?

all the money in the world!

[Stevesie60]

I'll tell you what goodbuddy, I'd tear that ticket up in a heartbeat!

But how large of a jackpot would you tear up? $10M? $100M? $500M?

I'd take the jackpot and boone pickens the crap out of K-State.

This.

[Mikeyis4dcats]

IF you could buy a national championship, said championship would instantly be totally devalued.

[eastcat]

Supply = 1
Demand = 124

Supply side econ is hard without values especially at these extremes but it would be worth significantly less than the highest bidder is willing to pay per given year. So you would be getting a very bad deal if you bought a NC simply because demand would drive it far higher than real market value.

[mcmwcat]

rich get richer, poor get poorer 

[star seed 7]

I'll tell you what goodbuddy, I'd tear that ticket up in a heartbeat!

But how large of a jackpot would you tear up? $10M? $100M? $500M?

I'd take the jackpot and boone pickens the crap out of K-State.

This.

also boone pickens the crap out of reanimation studies.

[06wildcat]

Was discussing this with the fiance just the other night since we just closed on a house in MHK 

Just a guess, but K-State winning the national championship would be worth $50-150 million to K-State/Manhattan over the course of a decade or so.

So tough to measure, but ticket sales/prices would go up, as would giving meaning more elite construction projects. Enrollment would would probably increase.

If the success is sustained at a high level (another Dr. Pepper within 5 years) you could probably easily double those numbers.

Would rip up any lotto ticket to watch it all happen.

[Belvis Noland]

Just a guess, but K-State winning the national championship would be worth $50-150 million to K-State/Manhattan over the course of a decade or so.

If the success is sustained at a high level (another Dr. Pepper within 5 years) you could probably easily double those numbers.

This sounds about right.   

[Ira Hayes]

Just a guess, but K-State winning the national championship would be worth $50-150 million to K-State/Manhattan over the course of a decade or so.

If the success is sustained at a high level (another Dr. Pepper within 5 years) you could probably easily double those numbers.

This sounds about right.   

Way too low. Like add a zero too low.