Market Power

Musings by an academic economist on the power of markets and the power over markets.

Tuesday, February 01, 2005

The Benefit of Moving a Hockey Game

Kevin Buisman, the athletic director at Minnesota State, Mankato, was roundly criticized for moving a Mavericks home hockey game against the Minnesota Gophers to St. Paul's Xcel Energy Center. I blogged about some of the criticism here.

I just got back from a budget meeting where the final figures on costs and revenues from that game were presented: the MSU athletic department earned an additional $148,000 and only incurred an additional $10,000-$12,000 in costs - for an additional net of over $130,000.

Now they gotta spend it. Do you think they'd start an endowment for a professor of sports economics with that cash???????

Me neither.