Originally Posted by
Terry Hutchens@The Indianapolis Star
TEMPE, Ariz. -- It would appear the $1.25 million Indiana University is guaranteed for playing in Monday's Insight Bowl would be a benefit to the athletic department.
The reality is that the money doesn't go too far. After paying for travel, lodging and unused tickets, IU athletic director Rick Greenspan said Saturday the Hoosiers hope to break even.
"I'll feel really good if, when it's all figured out, that we break even on the bowl game,'' Greenspan said. "The long-term benefits, I think, will be very noticeable, but in the short term it's pretty much a break-even.''
The greatest cost is paying for IU's 300-person traveling party that includes the team, the band, cheerleaders and school officials. The band and cheerleaders arrived Saturday on two charter planes. The team and other school officials arrived Thursday on two charters.
Greenspan said the cost for the charters is about $600,000. Add hotel expenses and IU's expenditures on unused tickets and the number likely nears $1.25 million. As of Saturday, IU had sold approximately 8,500 of its 10,500-ticket allotment. If that number stays the same, IU would owe $110,000 for the unused tickets.
"I think the bowl people here are very happy with our turnout and I think the word is spreading about how easy our people are to work with, and how accommodating Bill (Lynch) and his staff have been,'' Greenspan said. "I think things like that will only help us next year if we're back in this situation again.''