Why Can’t People Do Easy Research?
February 28th, 2013
Joe tries not to lose his cool over idiotic things, but there is one subject that just drives Joe up a tree.
This utter, imbecilic nonsense of the Bucs moving — to Los Angeles of all places!
Once again, this subject was brought up in an ESPN NFC South chat and someone that should know better didn’t exactly throw water on the flames.
Corey (greensboro)
Pat I was wondering why are keep hearing of Panthers moving to LA. But yet we don’t hear anything about the Bucs moving to LA when the Bucs are not able to sellout games.
Pat Yasinskas
Bucs aren’t looking for a new stadium or renovations — at least not yet. That’s when LA stuff always surfaces.
Now Joe isn’t Donald Trump or Bill Gates but he is a businessman; small, yet a businessman. So let’s do some simple Economics 101 to determine why a few thousand non-premium seats short of a sellout most weeks is, frankly, irrelevant (unless you’re an NHL team that gets a majority of its revenue through ticket sales, or if your mind is still stuck in the 1970s, when ticket sales, not luxury box sales or concessions, meant everything to all sports, and you can’t figure out why your rabbit ears won’t pick up “Happy Days” on the 29-inch console TV any longer)?
Let’s say the Bucs are 5,000 short of a sellout each game and, to use round figures, each ticket is $100. That’s $500,000. Multiply that by 10 home games (including preseason) and it is $5 million.
Sounds like a lot, right?
Well, just on revenue from national TV and radio broadcast rights alone, per Forbes.com, the Bucs and every NFL team will receive $200 million annually starting in 2014.
This is before one luxury box is sold, one corporate ad is sold, one ticket is sold, one car is parked in a dust-choked lot, one jersey is sold, one cap is sold, one beer is sold.
Upgrades to the stadium you say? They are coming soon. Per the voter-approved referendum to build the stadium, some upgrades were written into the lease. Oh, and if anyone would just do a modicum of research, the lease between the Bucs and the Tampa Sports Authority is public record. Read the lease and it’s clear the Bucs are going nowhere.
Why is Joe so confident? Well, let’s take the far-fetched, moronic notion the Bucs will move to Los Angeles. Team Glazer isn’t building a stadium nor are the citizens of Southern California. Rather, it is big-moneyed businessmen. These movers and shakers are not financing a $1 billion stadium for charity. They are going to want to either own the Bucs outright or a chunk of the Bucs. How many times has Team Glazer stated that the team, not even a piece of the team, is not for sale?
Where would the Bucs play, in the parking lot of the Staples Center? No, don’t start with the Rose Bowl or the Coliseum. Neither of those stadiums are fit for an NFL team and to renovate them would cost nearly as much as a brand new stadium.
You think Team Glazer is going to pay for that when they have a sweetheart deal here? And Joe hasn’t even factored in the business-hostile taxes in California that have driven many companies to relocate out of the state.
No, this isn’t the 1970s any longer. Economics have changed. It doesn’t matter how many thousands of tickets are sold, so long as corporate partners are still paying for ads and more importantly, eyeballs are glued to TVs to watch the NFL.
It really doesn’t take an economics professor to figure this out if Joe can run the numbers.
February 28th, 2013 at 11:20 am
You tell em Joe! Apparently Pat thinks the option IS open
February 28th, 2013 at 11:33 am
So the Bucs aren’t leaving for LA is what you are saying? I don’t think this article was straight forward enough for me to see your point…. anyone else have that problem?
February 28th, 2013 at 11:49 am
I understood what Joe was getting at. I also got the impression Joe is sick of these rumors. Joe take a deep breath!!!
California blows. No disrespect to the residents but the politics and taxation are out of control. California is really 3 states with 3 different economies South, Mid, North all completely different. Damn How did I get off on this anyhow… Bucs cant leave the lease is huge obstacle plus they have a hell of a deal with local government not to mention Florida is a business friendly state for the most part.
Anyone her any fresh news about a possible Bennett brothers reunion. I like that idea…
February 28th, 2013 at 11:50 am
Well said Joe!
February 28th, 2013 at 11:51 am
If it doesn’t take an economics professor to figure this out then why won’t you itemize the top level numbers for us sheep?
February 28th, 2013 at 11:51 am
Well said. However, taxes should be the lead and is probably why no other team has jumped at the chance to move to LA. LA can’t even keep a grip on Hollywood, as more an more productions move out of state or out of country.
February 28th, 2013 at 11:57 am
@Nick P
in 2007 more filming took place in Canada, Florida and Texas than all of California. I apologize for not posting link to original article but it was fascinating how the Taxation is driving business from a nearly bankrupt state. But this is football, I always felt the bucs did not take enough advantage attracting players with the friendly Florida taxes. Even in the Yuccanner days I thought more players would take advantage of this.
February 28th, 2013 at 1:50 pm
As a former resident of LA, born and raised there, I can tell you about taxes. First, the last time I paid them, the maximum State tax rate for individuals was 10.2%. So for every game played in Californa, every player, coach, etc would pay that of his pay, where he nows pays zero for playing in Florida. Second, property taxes. The reason no business buys their building but leases it instead is the Prop 13 Tax rate. Lease it and the property tax is at the 1978 rate or when it was built or major remodeled, which ever is later. So if the stadium was private owned and built now, its assessed value would be what everything is worth today and taxed at that rate. The rate was 2% of the assessed value a year.
Now compare that to what they are paying and see how much more they would have to earn to break even. Does not compute.
February 28th, 2013 at 1:55 pm
Thanks for the insight OB!
February 28th, 2013 at 2:05 pm
*stands and applauses*
Wow. Nice work, Joe. I’m going to email this to Pat.
February 28th, 2013 at 3:18 pm
Great points, Joe.. I’d like to add one more biggie: The Glazers ponied up more than a few million out of their own pockets to build One Buc Palace. That would not be recoverable as that property couldn’t easily be converted into anything other than a team practice facility.
February 28th, 2013 at 4:10 pm
TampaRob:
Joe completely whiffed on that very valid nugget. Thanks for pointing it out.
To Joe, saying “Josh Freeman should try throwing left-handed” makes more sense than someone claiming the Bucs will move to Los Angeles.
February 28th, 2013 at 7:38 pm
Hey Joe, maybe Josh Freeman SHOULD try to throw left handed – in couldn’t hurt his already anemic accuracy could it?
But seriously people just like to toss things out, like tossing spagetti against the wall – does it stick?
Take the QB situation and possible QB’s that could actually press Freeman for a starting job:
Bringing in Ryan Fitzpatrick, a QB who had better numbers in 2012 is a sound reasonable idea; assuming the Bills release him. But other readers here just shrug off the idea as nonsensical without even looking at the evidence starting them in the face.
Heck in light of the Jeff Carlson article fans should have been up in arms but no the Freeman supporters all believe that the ‘good Josh’ will show up in 2013. Yeah and the Easter Bunny is about to pay you a visit as well.