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Long term arena building and revenue

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This Post:
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272768.77 in reply to 272768.75
Date: 8/27/2015 12:13:11 PM
Overall Posts Rated:
32293229
One think im lacking is an arena where we see someone that has built and are sitting on a lot of empty seats. And for it to be a really good example it would also need to be at minimum prices.


I'm currently experiencing that with my lower tier, but after an 0-22 season and demotion that's not entirely unexpected. Even then, you can see the last few games of last season I was still selling every one of those seats. Courtside and luxury boxes are still doing pretty well, too - I actually undershot my pricing on courtside quite a bit, and I'm a little surprised I don't sell even fewer luxury boxes.

I of course also underestimated how much easier it is to be competitive in III now than it was when I was coming up. I still haven't gotten up to the salary floor yet and still managed to win one game and other than my first game, I've been within 6 points in the final minute every other game. I know I'm not getting everyone's best effort either, but I was expecting another 0-22 season and now I think I might have an outside chance of avoiding demotion to IV.

On the general issues being discussed, today's money matters, tomorrow's money matters, and you've got to know what you're going to do. While I'm fond of investing in the arena, I think the real key advice I'd give to anyone listening is that the best thing you can do is try to learn how to compete with lower salaries than your opponents. If you can do that, when you can get your arena built up you'll be able to be even more successful when you can afford the same or greater salaries. Alternately, you need a plan to be able to afford to outspend your opponents all the time, which gets harder the higher you go.

This Post:
00
272768.78 in reply to 272768.76
Date: 8/27/2015 7:56:55 PM
Overall Posts Rated:
117117
I don't know. I'm still getting my head around how someone can promote, make playoffs in the first season at that level, then demote the next season and still support the idea of "opportunity cost" as a good thing. Sounds like the perfect example of how much opportunity costs when you don't have the infrastructure behind you to me.

Last edited by Perriwinkle Blue at 8/27/2015 8:01:50 PM

This Post:
00
272768.79 in reply to 272768.78
Date: 8/27/2015 9:18:24 PM
Overall Posts Rated:
370370
I don't know. I'm still getting my head around how someone can promote, make playoffs in the first season at that level, then demote the next season and still support the idea of "opportunity cost" as a good thing.

Try again. No one says opportunity cost is a "good" thing. All I've done is try to explain it to some people who obviously don't understand it. Add one more to the list, eh?

Last edited by Mike Franks at 8/27/2015 9:20:17 PM

This Post:
11
272768.80 in reply to 272768.79
Date: 8/27/2015 9:42:20 PM
Arizona Desert Storm
III.1
Overall Posts Rated:
11251125
No one says opportunity cost is a "good" thing. All I've done is try to explain it to some people who obviously don't understand it. Add one more to the list, eh?


You sound like a kid who learned a cool concept in school and now tries to apply it so you sound like you know what you are talking about...LOL Even though, the concept is largely outdated, and/or a minor part of the overall topic or issue.

And before you attack me as being ignorant about the concept or anything silly like that...I was a Stock Broker for 6 years...so i know all of the cool economic terms and principles too LOL

This Post:
00
272768.81 in reply to 272768.80
Date: 8/27/2015 9:54:17 PM
Overall Posts Rated:
370370
So then maybe a GM who claims to understand it ought to help others instead of making such a silly post trying to mock me, eh?

This Post:
33
272768.82 in reply to 272768.81
Date: 8/27/2015 9:59:06 PM
Arizona Desert Storm
III.1
Overall Posts Rated:
11251125
So then maybe a GM who claims to understand it ought to help others instead of making such a silly post trying to mock me, eh?


I think I have made it I clear I believe you are clueless.

This Post:
11
272768.83 in reply to 272768.79
Date: 8/27/2015 10:55:16 PM
Overall Posts Rated:
117117
Try again. No one says opportunity cost is a "good" thing. All I've done is try to explain it to some people who obviously don't understand it. Add one more to the list, eh?


"The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action."

I understand perfectly what you're saying. Don't buy seats you can't fill and use that money to promote. That is why you were unsustainable. That is why the alternative action you promote has proven to come at a negative cost to you. That is why multiple people are explaining that to you.

This Post:
55
272768.84 in reply to 272768.83
Date: 8/28/2015 12:52:11 AM
Overall Posts Rated:
178178
One way this could be summed up. Look at what league Mike Franks is in, and then look at the leagues of those arguing with Mike Franks. Game, Set, Match.

This Post:
00
272768.85 in reply to 272768.83
Date: 8/28/2015 1:52:28 AM
Overall Posts Rated:
370370
Try again. No one says opportunity cost is a "good" thing. All I've done is try to explain it to some people who obviously don't understand it. Add one more to the list, eh?

"The cost of an alternative that must be forgone {buying a player} in order to pursue a certain action {buying empty seats}. Put another way, the benefits you could have received by taking an alternative action."

I understand perfectly what you're saying.
LOL, I understand perfectly that you can cut and paste. But if you understood, you wouldn't have thought anyone was calling it a "good thing." And you wouldn't still be unable to repeat what I said.

You all crack me up.

Always remember,
2. Build as much as you can as fast as you can.


Last edited by Mike Franks at 8/28/2015 2:27:59 AM

This Post:
33
272768.86 in reply to 272768.85
Date: 8/28/2015 3:04:42 AM
Overall Posts Rated:
117117
You're correct. I have never heard of the term "opportunity cost" and until I realized that it was a term, and I had no idea it meant anything other than what the words mean individually. Rather than continue to debate something I didn't fully understand, I took 10 seconds of my time to research it. Once I did I realized that you have even less idea of the point you are arguing.

You failed because you chose to invest on your roster before getting your finances in check. Now you are preaching that it is foolish to do anything differently to the tune of finding it laughable that more experienced (and more successful) managers would disagree with you. They are where they are for a reason. It's the opposite of why you're at square one.

I can except I don't know everything so I can process information. If you could do the same this thread would have been useful to you.


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