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by smusic 00 » Wed Jan 03, 2018 1:29 pm
Blunt Pony wrote:Supply and demand is exactly the reason NOT to buy season tickets at these prices. The supply on the secondary market is high and the demand is low. I am a season ticket holder and would like to keep it that way, but what I am not is a sucker and that is what SMU is taking me for.
I actually think that the demand in the upper levels is going to increase from people in the lower bowls moving up from the lower bowl or loge. They realize their is not a bad seat in Moody and they are going to see the value in NOT paying the premium to be down low.
I just think this re-seat is too early and that they underestimate the battered fan syndrome that this fanbase possesses.
I would bet that every loge owner sees the value in paying the premium. 100% of them. Only a few seats in loge have opened in 4 years. In fact they added 4 loges on the south side last year. I’d bet that this also holds true for floor seat owners. The great migration will be those $4k donors who no longer get free food and comfy couches in Miller.
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by One Trick Pony » Wed Jan 03, 2018 1:42 pm
smusic 00 wrote:Blunt Pony wrote:Supply and demand is exactly the reason NOT to buy season tickets at these prices. The supply on the secondary market is high and the demand is low. I am a season ticket holder and would like to keep it that way, but what I am not is a sucker and that is what SMU is taking me for.
I actually think that the demand in the upper levels is going to increase from people in the lower bowls moving up from the lower bowl or loge. They realize their is not a bad seat in Moody and they are going to see the value in NOT paying the premium to be down low.
I just think this re-seat is too early and that they underestimate the battered fan syndrome that this fanbase possesses.
I would bet that every loge owner sees the value in paying the premium. 100% of them. Only a few seats in loge have opened in 4 years. In fact they added 4 loges on the south side last year. I’d bet that this also holds true for floor seat owners. The great migration will be those $4k donors who no longer get free food and comfy couches in Miller.
To my knowledge only one person has ever given up floor seats since Moody renovation. The fact of the matter is at this point I don't care what they do. I've got big screen TVs in almost every room. I'll spend my money on travel and may even include some basketball games. Shhhhhhhhhhhhhh...
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by Insane_Pony_Posse » Wed Jan 03, 2018 2:04 pm
mustang92 wrote:the new law specifically eliminates the ability to deduct any part of donations required for the "right" to buy season tickets. For 2017, we can deduct 80% of the required donations. For 2018, none of those donations are deductible. mustang92 what about the "right to buy a Blvd spot"?
C-ya @ Milos!
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by mustang1992 » Wed Jan 03, 2018 2:27 pm
lollaperuna wrote:A lot of entitlement posts on this subject. People want a championship team in New Moody but at Old Moody prices.
As I said three years ago. My problem is with the way the re-seating rules are being implemented. If you want to raise the prices, fine, tell me the price for my seats and let me decide. If they are out of my range, then I'll give them up. But if I want to pay the price, I should at least have this option. What they are asking is for me to "pony up" a price where I think I want seats, then sit and wait to see if I get them. With no guarantees that I will even be in the same donation level? What if I donate in a higher range and those get taken, then I have to settle for seats somewhere else, which I am paying a higher price for? Or worse, I have to maintain year after year at the higher level, for the lower donation level seats? Not sure how entitlement = knowing what I am paying for up front? The ONLY entitlement here are the six/seven figure salary donors who don't like sitting behind all the five figure salary donors like me. I have not been a season ticket holder for 20 years like some. I bought tickets the minute I moved to the metroplex, lived in Houston before that, which happened to also correspond to the first year they hired LB. That first year I could have gotten seats anywhere in the gym. I specifically asked for the seats where I sit. I am currently a Doctorate student at SMU. So I don't even have to have season tickets to football, which I have, nor do I need them for basketball. I could get in the MOB easily. But I choose to buy season tickets in football and basketball because I support the program. With all the tuition money I've spent at SMU, working on degree #3 from there, that should also count for something! I also bought the MOB alumni package, again, did not need them, to pay more to the program. Just to we are clear. I would gladly pay the increase in donation/ticket prices, if that meant guaranteeing me the seats. But that's not the case . . .
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by oilpony » Wed Jan 03, 2018 2:27 pm
smusic 00 wrote:Blunt Pony wrote:Supply and demand is exactly the reason NOT to buy season tickets at these prices. The supply on the secondary market is high and the demand is low. I am a season ticket holder and would like to keep it that way, but what I am not is a sucker and that is what SMU is taking me for.
I actually think that the demand in the upper levels is going to increase from people in the lower bowls moving up from the lower bowl or loge. They realize their is not a bad seat in Moody and they are going to see the value in NOT paying the premium to be down low.
I just think this re-seat is too early and that they underestimate the battered fan syndrome that this fanbase possesses.
I would bet that every loge owner sees the value in paying the premium. 100% of them. Only a few seats in loge have opened in 4 years. In fact they added 4 loges on the south side last year. I’d bet that this also holds true for floor seat owners. The great migration will be those $4k donors who no longer get free food and comfy couches in Miller.
The free food in Miller is not very good and not worth it imo.
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by One Trick Pony » Wed Jan 03, 2018 2:40 pm
oilpony wrote:smusic 00 wrote:Blunt Pony wrote:Supply and demand is exactly the reason NOT to buy season tickets at these prices. The supply on the secondary market is high and the demand is low. I am a season ticket holder and would like to keep it that way, but what I am not is a sucker and that is what SMU is taking me for.
I actually think that the demand in the upper levels is going to increase from people in the lower bowls moving up from the lower bowl or loge. They realize their is not a bad seat in Moody and they are going to see the value in NOT paying the premium to be down low.
I just think this re-seat is too early and that they underestimate the battered fan syndrome that this fanbase possesses.
I would bet that every loge owner sees the value in paying the premium. 100% of them. Only a few seats in loge have opened in 4 years. In fact they added 4 loges on the south side last year. I’d bet that this also holds true for floor seat owners. The great migration will be those $4k donors who no longer get free food and comfy couches in Miller.
The free food in Miller is not very good and not worth it imo.
Hey the last time I ate that cold burger and then tried to sit in that red seat I bought off a StubHub for $45 lmao
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by friarwolf » Wed Jan 03, 2018 3:01 pm
oilpony wrote:smusic 00 wrote:Blunt Pony wrote:Supply and demand is exactly the reason NOT to buy season tickets at these prices. The supply on the secondary market is high and the demand is low. I am a season ticket holder and would like to keep it that way, but what I am not is a sucker and that is what SMU is taking me for.
I actually think that the demand in the upper levels is going to increase from people in the lower bowls moving up from the lower bowl or loge. They realize their is not a bad seat in Moody and they are going to see the value in NOT paying the premium to be down low.
I just think this re-seat is too early and that they underestimate the battered fan syndrome that this fanbase possesses.
I would bet that every loge owner sees the value in paying the premium. 100% of them. Only a few seats in loge have opened in 4 years. In fact they added 4 loges on the south side last year. I’d bet that this also holds true for floor seat owners. The great migration will be those $4k donors who no longer get free food and comfy couches in Miller.
The free food in Miller is not very good and not worth it imo.
I agree. It has progressively gotten worse. I stopped going in there 2 years ago and will gladly refuse to pick up that option.....
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by Blunt Pony » Wed Jan 03, 2018 3:19 pm
smusic 00 wrote:Blunt Pony wrote:Supply and demand is exactly the reason NOT to buy season tickets at these prices. The supply on the secondary market is high and the demand is low. I am a season ticket holder and would like to keep it that way, but what I am not is a sucker and that is what SMU is taking me for.
I actually think that the demand in the upper levels is going to increase from people in the lower bowls moving up from the lower bowl or loge. They realize their is not a bad seat in Moody and they are going to see the value in NOT paying the premium to be down low.
I just think this re-seat is too early and that they underestimate the battered fan syndrome that this fanbase possesses.
I would bet that every loge owner sees the value in paying the premium. 100% of them. Only a few seats in loge have opened in 4 years. In fact they added 4 loges on the south side last year. I’d bet that this also holds true for floor seat owners. The great migration will be those $4k donors who no longer get free food and comfy couches in Miller.
I guess we will just have to wait and see...and free food at Miller is like a "Free" drink at a casino...
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by lollaperuna » Wed Jan 03, 2018 3:21 pm
If you jumped on the bandwagon the first year of New Moody and ended up with primo seats then you probably should be worried. If you have been a long time basketball season ticket holder and Mustang Club member then I seriously doubt you will end up with worse seats as long as you are willing to pay the new prices.
For those of you that don't plan on renewing, please don't come on this board next year begging for free or cheap tickets to Cincinnati, Wichita etc....
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by PonyLaw90 » Wed Jan 03, 2018 3:35 pm
Ok, I attended today's meeting on Reseating. There are no new revelations. Here is the summary:
1. For most normal donors, $50,000 and below, your donation will determine the level of seats you get. The chart that has been provided establishes what is the average donation for that seating area by the previous seat holders;
2. So let's say I donate $5,000 to the Mustang Club for two seats. I will be lumped in with everyone who donates $5000. Someone who donated $5,500 for two seats will be in a group above me. Within my $5,000 group, my points will determine my priority within my $5,000 group. So all my past contributions, attendance, etc... determine my rank within the group.
3. If you don't have many points or haven't made significant contributions in the past, you need to bump up your contributions to say, $6,000 for two seats to pass up all the $5,000 donors. Then within your group of $6,000 donors, your priority points will still determine your priority.
4. As you can see, the premium is on the donation. Period.
5. It is true that you won't know which exact seat you're going to have, but you can get a general idea based on the charts that have been provided.
6. The "losers" in this whole reseat thing are the people who have supported the program for 10-40 years. Their tens of thousands (maybe hundreds of thousands) won't amount to anything in the computation other than priority within their donor group. So if Mr. Jones has donated $150,000 over the last 15 years, but for 2018 donates $7,500 for two seats, he's in the same category as Mr. Young Mustang who just started buying tickets two years ago. Yes his points may bump him to the front of the line of all $7,500 donors, but that's it.
Not sure if that helps.
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by Bergermeister » Wed Jan 03, 2018 3:57 pm
PonyLaw90 wrote: 5. It is true that you won't know which exact seat you're going to have, but you can get a general idea based on the charts that have been provided.
Not a fan of the "general idea". Eager to know how happy everybody is when this is implemented. I guess we'll see.
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by mustang92 » Wed Jan 03, 2018 5:03 pm
Insane_Pony_Posse wrote:mustang92 wrote:the new law specifically eliminates the ability to deduct any part of donations required for the "right" to buy season tickets. For 2017, we can deduct 80% of the required donations. For 2018, none of those donations are deductible. mustang92 what about the "right to buy a Blvd spot"?
I'm pretty sure none of it is deductible going forward - whether it's the right to buy tickets or a Boulevard spot. Donations to the Diamond M Club are still 100% deductible though! www.diamondm.club/donateOf course, how you file your taxes is between you and Uncle Sam. I'm sure there are some who don't deduct anything, some who deduct the full amount they donate now, and some who deduct the 80% per the rules. The reality is that whatever you do or don't do just goes through unless you get audited. Not that I'm encouraging anyone to deduct amounts that aren't technically deductible......
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by PonyLaw90 » Wed Jan 03, 2018 5:21 pm
Some really good tax lawyer, someone like -Better Call Saul- needs to come up with a plan. For example, all donations by the Mustang Ballers (as we will be known henceforth) go towards an endowment used by the University as it deems appropriate. Of course, if the University deems the basketball program appropriate, we have nothing to do with that .....
Then the seats are assigned on a random basis ("wink, wink"). Provided no one complains with their respective "assignment", the tax deduction goes through -bada bing, bada boom.
Now we just need someone to send a letter to the IRS to get a advisory opinion. Any takers?
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by smusic 00 » Wed Jan 03, 2018 5:33 pm
My biggest worry is that I give right at the average for my seats. And they are limited and in high demand. All it would take is a law firm and a bank to pony up $100k, get first in line and I’m out no matter what. So you either do avg + x% or just wish in one hand...
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by smusic 00 » Wed Jan 03, 2018 5:34 pm
If you moved into premium when moody opened you pretty much know the pecking order already by looking to your left and right.
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