• The Future Home Of Furman Basketball

 #99596  by Affirm
 Thu Apr 10, 2025 5:23 pm
Roundball wrote:
Thu Apr 10, 2025 4:45 pm
If anyone hears about any tier picking out seats, post it here.
Do donors, tier by tier, actually commit to buying and paying for season tickets for 2025-2026 upon being contacted in order of their priority points tier before any information about the schedule dates (and opponents) is known? Or does “picking seats” just mean the donor gets to make their reservation now of right to first refusal on specific seats and number thereof for when the schedule gets announced? Do actual sales of tickets, tier by tier order, begin this month (or maybe has already), which would mean ticket prices are known?
 #99620  by Roundball
 Sat Apr 12, 2025 4:29 am
Sad Din wrote:
Fri Apr 11, 2025 6:28 pm
... would be nice if they explained what the tiers are

NOW SEATING TIERS 1 AND 2


TIER 3 IS EXPECTED TO START THE WEEK OF APRIL 28
The tier levels have been out for a couple of months. Is this what you asking for? See page 6. https://s3.us-east-2.amazonaws.com/side ... _READY.pdf

It is going to take 2 weeks for those that gave over $500,000 to pick out seats. I wonder how many of those good folks there are? I appreciate what they have done to make the new Timmons possible.
 #99621  by apaladin
 Sat Apr 12, 2025 10:19 am
MidlandsPaladin wrote:
Thu Apr 10, 2025 12:55 pm
Let the seat counting begin... :D
Already done. You missed my post #99374. Spolier alert, its smaller than we thought/hoped. Just under 2,000 in the bowl seatng area. We were all hoping for a big name opponent to open Timmons and maybe one more like Wofford, UNCA, UNCW etc all have done but all of their new places are much larger so maybe not, still hopeful.
 #99623  by Roundball
 Sat Apr 12, 2025 10:41 am
apaladin wrote:
Sat Apr 12, 2025 10:19 am
MidlandsPaladin wrote:
Thu Apr 10, 2025 12:55 pm
Let the seat counting begin... :D
Already done. You missed my post #99374. Spolier alert, its smaller than we thought/hoped. Just under 2,000 in the bowl seatng area. We were all hoping for a big name opponent to open Timmons and maybe one more like Wofford, UNCA, UNCW etc all have done but all of their new places are much larger so maybe not, still hopeful.
Smaller than YOU thought. The rest of us are pleased with our new Timmons Arena. Don’t pick out season tickets if you don’t like the new Timmons. Save those seats for someone that loves our Paladins. Seriously, enough with complaints about the number of seats. Either get or board, or buy tickets at the empty Woffy arena.
 #99630  by Sad Din
 Sat Apr 12, 2025 1:31 pm
furpop16 wrote:
Sat Apr 12, 2025 1:15 pm
Roundball wrote:
Sat Apr 12, 2025 10:41 am
the empty Woffy arena.
QED. Shivers.
woofy highest attendance all year was 2147 last game vs Dins. SD was there... bottom bowl looked pretty full IMHO

BTW, the official NCAA website lists 2500 as Tmmons capacity. Dont know if thats old or updated number.

Two years ago during one of the best seasons in Dins history, around 2500 was the highest attendance
 #99631  by Roundball
 Sat Apr 12, 2025 2:08 pm
Sad Din wrote:
Sat Apr 12, 2025 1:31 pm
furpop16 wrote:
Sat Apr 12, 2025 1:15 pm
Roundball wrote:
Sat Apr 12, 2025 10:41 am
the empty Woffy arena.
QED. Shivers.
woofy highest attendance all year was 2147 last game vs Dins. SD was there... bottom bowl looked pretty full IMHO

BTW, the official NCAA website lists 2500 as Tmmons capacity. Dont know if thats old or updated number.

Two years ago during one of the best seasons in Dins history, around 2500 was the highest attendance
Woffy’s average attendance for this past season is 1,281. Remember, that is Woffy math.
 #99632  by Sad Din
 Sat Apr 12, 2025 4:19 pm
Here is SD's reasoning why 2200 is ok. 2200 = 2000 GA seats plsu 200 court side plus suites

A "good" simple payback period for building a basketball arena depends on the project's scale, revenue streams, and financial goals, but generally, a payback period of 5 to 10 years is considered reasonable for large-scale sports facilities. Here's a breakdown:

Cost was 40M. Good payback would be 5 years so its 8M per year

30 basketball dates (Over 4 mths) plus 24 dates (3 per months over 8 months) = 54 dates

8M / 54 = 148,148 revenue needed per event. At 80% capacity (1760 per event), 148,148/1760= $84/person

Between ticket sales, food and merch, thats reasonable.

If the arena was bigger with more seats, the payback gets harder as you need more folks to attend or increase ticket prices

a six year payback would lower the per person price by 17% to 69$, 7 year payback is $57
 #99637  by Bootie
 Sun Apr 13, 2025 7:05 am
Sad Din wrote:
Sat Apr 12, 2025 4:19 pm
Here is SD's reasoning why 2200 is ok. 2200 = 2000 GA seats plsu 200 court side plus suites

A "good" simple payback period for building a basketball arena depends on the project's scale, revenue streams, and financial goals, but generally, a payback period of 5 to 10 years is considered reasonable for large-scale sports facilities. Here's a breakdown:

Cost was 40M. Good payback would be 5 years so its 8M per year

30 basketball dates (Over 4 mths) plus 24 dates (3 per months over 8 months) = 54 dates

8M / 54 = 148,148 revenue needed per event. At 80% capacity (1760 per event), 148,148/1760= $84/person

Between ticket sales, food and merch, thats reasonable.

If the arena was bigger with more seats, the payback gets harder as you need more folks to attend or increase ticket prices

a six year payback would lower the per person price by 17% to 69$, 7 year payback is $57
SD just curious where the 24 came from… is that just a hypothetical number of ticketed events in addition to hoops?
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