National

Dolphins fire offensive coordinator Sherman

ESPN Sports Feed - Mon, 01/06/2014 - 13:51
The Miami Dolphins have fired offensive coordinator Mike Sherman after two seasons, the team announced Monday.
Categories: National

Arizona still No. 1; Duke tumbles to 16th

ESPN Sports Feed - Mon, 01/06/2014 - 12:50
Arizona is No. 1 in The Associated Press college basketball poll for the fifth straight week, but for the first time in that span there are changes in the Top 25.
Categories: National

Strong introduced as coach of Longhorns

ESPN Sports Feed - Mon, 01/06/2014 - 11:57
A new era in Texas football began Sunday when the Longhorns announced the hiring of Charlie Strong from Louisville.
Categories: National

Eagles WR Jackson says he deserves a raise

ESPN Sports Feed - Mon, 01/06/2014 - 11:49
Philadelphia Eagles wide receiver DeSean Jackson would like a raise -- even though he has three years remaining on the five-year contract he signed in 2012.
Categories: National

Iowa AD: McCaffery outburst 'crossed a line'

ESPN Sports Feed - Mon, 01/06/2014 - 10:47
Iowa basketball coach Fran McCaffery "crossed a line of acceptable behavior" during an outburst that led to his ejection from the No. 22 Hawkeyes' 75-71 loss to Wisconsin on Sunday, athletic director Gary Barta said Monday.
Categories: National

Source: Stoops not a candidate for Browns

ESPN Sports Feed - Mon, 01/06/2014 - 10:39
Bob Stoops is not a candidate to coach the Cleveland Browns.
Categories: National

Harbaugh: Crabtree 'greatest catcher' ever

ESPN Sports Feed - Mon, 01/06/2014 - 09:56
Michael Crabtree's big game in the San Francisco 49ers' 23-20 wild-card victory over the Green Bay Packers on Sunday had coach Jim Harbaugh putting the receiver in a class all by himself when it comes to catching passes.
Categories: National

BCS final tickets among cheapest in history

ESPN Sports Feed - Mon, 01/06/2014 - 09:04
Fans of Florida State Seminoles and Auburn Tigers who decided to hold out until the last minute for tickets to Monday's BCS National Championship are in luck.
Categories: National

Taxes: The Hidden Economic Impact of Sporting Events

NASC - Mon, 01/06/2014 - 06:00

Yes, it’s the first of the year, the time when we start thinking about our own personal taxes with April 15 lurking. But taxes are something that the world of sports thinks about all year round. From ticket taxes to taxes on contracts, it can mean the difference between a good year and a great year, and the difference between a star outfielder going to Texas, or New York.

First, the outfielder: Shin-Soo Choo, a free agent this past offseason, turned down a seven year, $140 million deal with the Yankees, then days later signed a seven year, $130 million contract with the Texas Rangers. Not that $10 million means that much when we’re talking about hundreds of millions of dollars, but why would someone sign for less money?

The short answer: taxes.

The Rangers’ $130 million deal is worth almost $17 million more, since Texas has no state income tax. In addition, the Rangers play a lot of road games in Seattle and Houston, where visiting players aren’t subject to a tax on their earnings. Less money for taxes, more money in Choo’s (and his agent’s) pocket.

In the NFL, being the host for a playoff game not only means home field advantage for the hosts, it also means an opportunity for extra revenue. Taxes on ticket and tourism spending can give a boost to the local economy and visitors’ bureaus as well. A year ago, when the Redskins and Ravens were both in the playoffs (what a difference a year makes!), Maryland enjoyed a double dose of post-season ticket sales and, it was estimated, a combined economic impact of between $20 million and $40 million.

“This is mostly disposable income or entertainment dollars that would have been used in some other way,” said Dennis Coates, an economics professor at the University of Maryland, Baltimore County. “It really represents a shifting of money in the economy, not new money.”

The tickets sold to these extra games means extra taxes to the local governments. For example, each Ravens ticket carries a 10 percent admissions and amusement tax. The Maryland Stadium Authority (MSA) receives 80 percent of that, with the remainder going to the city. The authority’s chief financial officer, David A. Raith, says MSA will get about $400,000 for each regular season game, but more for playoff games, because the ticket price is higher.

The city of Cincinnati and Hamilton County also see a financial boost from an NFL post-season game. A county ticket tax brings in 25 cents to Hamilton County for every ticket sold, which means if the Bengals’ Paul Brown Stadium sells out, the game generates more than $16,000. In addition, the city of Cincinnati collects about $49,000 from payroll taxes on each of the players’ salaries. (During the season, the salary tax is based on one-seventeenth of the player’s paycheck, but in the playoffs, it’s from the actual game check-in this case, $23,000 for each Bengal for winning the division, and $21,000 from each San Diego player for winning the wild card.

As for economic impact, the Sage Policy Group Inc. estimates the impact of a playoff game is around $20 million, on the belief that fans spend more to support a winning team, whether it’s on a hotel or pre-game meal, or a new jersey or shirt to commemorate the event. Also, more fans are more likely to come from out of town to go to a special game, like the NFL playoffs. The University of Cincinnati Economics Center estimates a Bengals home playoff game means an extra $14 million for the local economy.

For a regular season game, a study commissioned by the NFL Players Association in 2010 resulted in a $20 million impact per game. Perhaps more realistic is a University of Minnesota study showing an economic impact of about $9.1 million per Vikings game.

Earning home field advantage is something every team tries to earn. It, more often than not, pays off on the field, and in the local economy.

Source: http://articles.baltimoresun.com/2013-01-04/business/bs-bz-ravens-game-economic-impact-20130104_1_amusement-tax-economic-impact-admissions-and-amusement

Jackie Reau

Game Day Communications

700 West Pete Rose Way

Cincinnati, Ohio 45203


Categories: National

Snow strands S. Illinois team bus overnight

ESPN Sports Feed - Sun, 01/05/2014 - 22:04
Southern Illinois' men's basketball team was stranded on Interstate 57 in Illinois because of blinding snow and planned on staying on the bus overnight Sunday night, according to SIU athletic director Mario Moccia.
Categories: National

Votes flatter Kobe, who touts youth for ASG

ESPN Sports Feed - Sun, 01/05/2014 - 22:04
Kobe Bryant said he's flattered that fans have him on track to start in the NBA All-Star Game Feb. 16 in New Orleans, but isn't sure he will be able to return in time from a fractured left tibial plateau to be able to "put my stamp" on the game.
Categories: National

Oregon RB Thomas chooses to enter draft

ESPN Sports Feed - Sun, 01/05/2014 - 20:59
Running back De'Anthony Thomas will leave Oregon to enter the NFL draft, he announced Sunday.
Categories: National

Source: UCF QB Bortles will enter NFL draft

ESPN Sports Feed - Sun, 01/05/2014 - 20:06
UCF quarterback Blake Bortles will declare for this year's NFL draft, a source confirmed Sunday to ESPN's Joe Schad.
Categories: National

Niners get past Packers on Dawson's field goal

ESPN Sports Feed - Sun, 01/05/2014 - 19:05
Phil Dawson kicked a 33-yard field goal as time expired, and Colin Kaepernick threw for 227 yards and ran for another 98 to lead the San Francisco 49ers past the Green Bay Packers 23-20 on Sunday night in a frigid NFC wild-card game.
Categories: National

Aztecs end Jayhawks' home winning streak

ESPN Sports Feed - Sun, 01/05/2014 - 18:57
Xavier Thames scored 16 points, four on free throws in the closing seconds, and No. 21 San Diego State held on to beat No. 16 Kansas 61-57 on Sunday, ending the Jayhawks' 68-game non-conference winning streak at Allen Fieldhouse.
Categories: National

Paul out six weeks but no surgery, Clips say

ESPN Sports Feed - Sun, 01/05/2014 - 18:55
Los Angeles Clippers point guard Chris Paul will be out up to six weeks after being diagnosed with a separated right shoulder, the team announced Sunday.
Categories: National

Westbrook off crutches but return unknown

ESPN Sports Feed - Sun, 01/05/2014 - 17:53
Russell Westbrook already is off crutches and shooting free throws, but the All-Star point guard says he doesn't know when he'll be ready to return to the court for the Oklahoma City Thunder.
Categories: National

Sources: Griz agree to deal Bayless to Celts

ESPN Sports Feed - Sun, 01/05/2014 - 17:29
The Boston Celtics have reached an agreement with the Memphis Grizzlies to trade for veteran guard Jerryd Bayless, according to sources close to the process.
Categories: National

Chargers extend Bengals' playoff drought

ESPN Sports Feed - Sun, 01/05/2014 - 16:02
San Diego took advantage of Andy Dalton's three turnovers in the second half on Sunday, pulling away to a 27-10 victory that extended the Cincinnati Bengals' streak of playoff misery to 23 years and counting.
Categories: National

Reid: Chiefs had 'hearts ripped out' in loss

ESPN Sports Feed - Sun, 01/05/2014 - 16:00
In many ways, it was a dream, going from 2-14 and the first overall pick in the NFL draft to 11-5 and a spot in the playoffs. Yet it ended in just about the most nightmarish way possible, a second-half collapse and another round of postseason heartache.
Categories: National

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