ISU receives major payout from 2008 Iowa-ISU FB game

The Cy-Hawk Trophy donated by the Des Moines Athletic Club when Iowa State and Iowa resumed football competition in 1977.

The Cy-Hawk Trophy donated by the Des Moines Athletic Club when Iowa State and Iowa resumed football competition in 1977.

Iowa’s athletics department paid Iowa State $616,383.48 for its 2008 appearance at Kinnick Stadium, per the schools’ current football contract.

The payout exceeds Iowa State’s share from 2006 by more than $23,000 or the school’s share in 2004 by more than $35,000. The contract between the universities stipulates that the home school pay the visitor 20 percent in gate receipts after taxes.

Iowa State and Iowa agreed to a new contract in 2008 that lasts through 2017, but the terms change following the 2012 game. Beginning in 2013, the host school will keep all of the gate receipts.

The current arrangement favors Iowa State because of stadium capacity. Iowa’s Kinnick Stadium holds more than 70,000 fans, while Iowa State’s Jack Trice Stadium holds around 55,000. Iowa received $330,389 from Iowa State following the 2007 game in Ames, nearly half of what Iowa State took in last season. 

Iowa State also will benefit from earning the final 20 percent cut in 2012 and then keeping all of the gate in 2013.

This year Iowa State hosts Iowa Sept. 12. Individual tickets are available through Iowa’s ticket office for $92. Iowa State is offering a three-game package that includes Iowa, North Dakota State and Colorado beginning July 20 for $99. Iowa State also selling hillside-only tickets for $60.

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5 Responses to ISU receives major payout from 2008 Iowa-ISU FB game

  1. Herkuleez says:

    We…(IOWA)…would be better off dropping this series. It’s really a no-win situation and from the looks of it, and the Clones have a win-win-win $ituation.

  2. JRyanSims says:

    Scott, do you know why that 20% provision was in the contract in the first place?

    Was Iowa State ever in a position of leverage in negotiating the terms of the contract?

  3. Jebus says:

    Herkuleez is exactly right. Let’s start a series with Nebraska instead. There is something to gain by winning that game and it’s not as damaging to lose.

  4. scottdo says:

    From my understanding (which means I really don’t know specifically but I’m trying to fake it), the 20 percent rule was in place for a while. I’m not sure if that was a Bowlsby or Bump Elliott provision.

    Iowa had more leverage than ISU in the recent negotiation. Both schools wanted to play each other, but Iowa wanted out of the 20 percent rule. Iowa’s administration tolerated it until the $90 ticket situation two years ago. Iowa even lost substantially from its 20 percent of the gate during that game because of a smaller crowd.

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