When It Rains It Pours, UF May Receive $1.8 million Due to Rain Delay
For the University of Florida, the college football season opener against the University of Idaho started out with… Rain, lots and lots of rain. So much rain, in fact, that the game was called off after kick off due to “unsafe playing conditions.”
To the common fan, that is a big let down. You have been waiting all season to see your team play. Now you will have to wait one more week. But there is more of an issue with canceling a game than meets the eye, money, lots and lots of money.
For starters, a contract was signed between UF and Idaho, which guaranteed Idaho $975,000 of revenue from that game. UF reported that ticket sales were between $1.8 and $1.9 million. Ticket revenue to a game that was never played beyond the opening kickoff. The game was cancelled after both teams agreed that the condition of the flooded field was unsafe for their players.
So what happens to all of that money? Who gets paid and how do the teams get paid? Does Idaho still get its $975k? This is quite an expensive venture, operating a football stadium and athletic department. Luckily (and obviously) an insurance policy was taken out by UF to cover such an event.
According to UF athletic director Jeremy Foley, the insurance policy should cover the $1.8 – 1.9 million. Foley also stated that he believes that Idaho has fulfilled their end of the contract and rightfully receives $975,000, as agreed upon in the original contract.
Foley said, “they (Idaho) came here, they came all the way across country their team was here. They had the expense for the airplane, they had the expense for the hotel, their meals.”
It will be interesting to see how much the insurance company pays out and how long it will take. I can just picture UF head football coach Will Muschamp standing at the 50-yard-line of the “Swamp” desperately singing at the top of his lungs, “Like a good neighbor…”