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Economic Impact of College Athletics. Chapter 2.2. Tickets to s porting events are sometimes sponsored by local businesses as well as by major corporations.
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Economic Impact of College Athletics Chapter 2.2
Tickets to sporting events are sometimes sponsored by local businesses as well as by major corporations. • One common promotional campaign is to have restaurantsgive special offers to fans if the home team scores a certain number of points or holds the opponent to a lowscore.
Retailers such as car dealers also promote themselves by having a popular coach or player present at the business site to sign autographs and visit with customers. • Retailers such as car dealers also promote themselves by having a popular coach or player present at the business site to sign autographs and visit with customers.
Sponsorship of college athletics is about financing or generating revenue for the college programs. • Corporations benefit by selling their products and services during major college sporting events.
It is no accident that successful college teams are wearing NIKE,Adidas,and Converse products. • The name-brand apparel is highlyvisible during the sporting events and televised post-game interviews.
Corporate sponsors also give fans complimentary banners and signs to wave at games.
Licensing is the legal right to reproduce a team’s logo in exchange for payment. • The mission of the athletic licensing and sales office at a university is to protect the use of the athletic department’s name and symbols and to ensure that the public can properly identify and associate logos on products bearing the institution’s marks.
A conference is a group of college athletic teams within the same region. • Conferences are created in order to have associations of manageable sizes for scheduling reasons.
The 1990s were a time of change for some of the college conferences. • Changes within conferences are made, in part, to increase revenues. • For example, the merger of the Big 8 Conference and selected teams from the Southwest Conference increased revenue and publicity by forming the Big 12 Conference. • Sometimes conference changes create new rivalries, which in turn increase excitement, marketing opportunities, and revenues.
The NCAA allows conferences with 12 schools to add a football conference playoff game each season. • The addition game generates more revenue for the university from ticket sales and television exposure.
