Around the Big East

Agree . DePaul ran out of gas in the last 4 minutes . Just like they did against us . Turnovers , etc and poor shot selection did them in . The kid Murphy missed on a 1 and I down the stretch that would have put them in a good place a s then , turned over the ball on their next possession . They , like us , had a chance to throw the BE seedings into a turmoil but , it wasn’t to be .
I never thought DePaul was winning that game vs. Xavier. They were unconscious in the first half, and only had a nine point halftime lead. I didn't think that would be enough to survive the inevitable cool down, though they came close.
 
The Big East Men’s Basketball Tournament will return to Madison Square Garden for its 41st consecutive year. Its longevity at the World’s Most Famous Arena is due to the fact that when the Big East was reconfigured in 2013, the conference acquired all the contractual rights and obligations to continue playing its tournament at the Garden through the year 2026, subsequently extended until 2028.

With this year’s event running from March 8-11, it is estimated that the Big East will earn approximately 20% of its annual budget from monies received through media rights, ticketing, sponsorship sales and merchandising. This revenue is in addition to the benefits and goodwill Big East schools receive from a fundraising standpoint by bringing their alums and fans to New York City for the four-day tournament.

But playing the tournament at Madison Square Garden does come at a cost. It is estimated that the conference is obligated to pay, in addition to monies for officiating and game production, close to $6 million in order for the tournament’s ten games to be played on MSG’s center court. This is the same Garden, with its same center court, that hosts both the Knicks and the New York Rangers, that is the beneficiary of a New York City property tax exemption. Yes, Madison Square Garden, because of a state law enacted in 1982, has now gone over 40 years without paying property taxes. The total amount in lost revenue to NYC is estimated to be over $555 million, according to calculations by the city’s Independent Budget Office. And if property values in NYC continue to increase, MSG’s total tax saving could grow to $1 billion by 2030.

Madison Square Garden justifies this tax abatement by claiming that the amount it saves by not paying taxes pales in comparison to the billions in public benefits received by the city of New York from having the arena, together with the Knicks and Rangers, as part of its community. At the same time, however, aren’t the colleges and universities that make up the Big East benefiting their communities by not only having a variety of college sports teams in addition to men’s basketball, but by also educating the next generation of young entrepreneurs, educators, doctors, and engineers? These same colleges and universities who, through the conference, are responsible for paying millions of dollars every year to MSG so that their men’s team can play a few games there are mostly tuition dependent and have athletic departments with expenses that far outweigh their revenues. This is evidence by the fact that although men’s basketball programs are considered an integral part of keeping college athletic departments viable, only about 50% report being profitable.

In a time where the cost of a college education is ever increasing, shouldn’t the Big East schools competing in the tournament benefit from MSG’s tax savings when they play their games at the arena? If the New York state legislature believes after forty years that MSG’s tax abatement still in some way benefits New York City, then the 1982 law should at least be amended so that when an institution participates in a high-profile sporting contest at the Garden, then all costs should be waived since that event not only benefits the community, but the colleges and university associated with it as well.

Robert J. Romano is assistant professor of sport management at St. John’s University.
 
It’s like a propaganda campaign. The more you say something, the more people believe it. Gullible people that is.

Kam Jones, to John Fanta postgame:

“Well, it was a short stay in their (UConn’s) second home. We wish them a safe trip back to their first home.”
Kam Jones can eat s*.

Can't wait for next year, we're gonna f'ing out number those bastards in OUR HOUSE.
OMG I seriously can't wait, swear to God if/when Pitino comes, things are going to change.

That's a promise.
 
Kam Jones can eat s*.

Can't wait for next year, we're gonna f'ing out number those bastards in OUR HOUSE.
OMG I seriously can't wait, swear to God if/when Pitino comes, things are going to change.

That's a promise.
Absolutely love your passion and intensity! You and I would be a very dangerous combo at a game, especially with some alcohol in us.
 
The Big East Men’s Basketball Tournament will return to Madison Square Garden for its 41st consecutive year. Its longevity at the World’s Most Famous Arena is due to the fact that when the Big East was reconfigured in 2013, the conference acquired all the contractual rights and obligations to continue playing its tournament at the Garden through the year 2026, subsequently extended until 2028.

With this year’s event running from March 8-11, it is estimated that the Big East will earn approximately 20% of its annual budget from monies received through media rights, ticketing, sponsorship sales and merchandising. This revenue is in addition to the benefits and goodwill Big East schools receive from a fundraising standpoint by bringing their alums and fans to New York City for the four-day tournament.

But playing the tournament at Madison Square Garden does come at a cost. It is estimated that the conference is obligated to pay, in addition to monies for officiating and game production, close to $6 million in order for the tournament’s ten games to be played on MSG’s center court. This is the same Garden, with its same center court, that hosts both the Knicks and the New York Rangers, that is the beneficiary of a New York City property tax exemption. Yes, Madison Square Garden, because of a state law enacted in 1982, has now gone over 40 years without paying property taxes. The total amount in lost revenue to NYC is estimated to be over $555 million, according to calculations by the city’s Independent Budget Office. And if property values in NYC continue to increase, MSG’s total tax saving could grow to $1 billion by 2030.

Madison Square Garden justifies this tax abatement by claiming that the amount it saves by not paying taxes pales in comparison to the billions in public benefits received by the city of New York from having the arena, together with the Knicks and Rangers, as part of its community. At the same time, however, aren’t the colleges and universities that make up the Big East benefiting their communities by not only having a variety of college sports teams in addition to men’s basketball, but by also educating the next generation of young entrepreneurs, educators, doctors, and engineers? These same colleges and universities who, through the conference, are responsible for paying millions of dollars every year to MSG so that their men’s team can play a few games there are mostly tuition dependent and have athletic departments with expenses that far outweigh their revenues. This is evidence by the fact that although men’s basketball programs are considered an integral part of keeping college athletic departments viable, only about 50% report being profitable.

In a time where the cost of a college education is ever increasing, shouldn’t the Big East schools competing in the tournament benefit from MSG’s tax savings when they play their games at the arena? If the New York state legislature believes after forty years that MSG’s tax abatement still in some way benefits New York City, then the 1982 law should at least be amended so that when an institution participates in a high-profile sporting contest at the Garden, then all costs should be waived since that event not only benefits the community, but the colleges and university associated with it as well.

Robert J. Romano is assistant professor of sport management at St. John’s University.
Wonderful post.
 
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