Showing posts with label PGA Tour. Show all posts
Showing posts with label PGA Tour. Show all posts

Thursday, June 13, 2013

Dollars & Sense - US Open Brings Big Money to Philadelphia Area

The 2013 US Open tees off from Merion Golf Club in Ardmore, P.A. this morning, but the impact has already begun to be felt.  With three days of practice rounds already in the books, the Philadelphia area has likely already seen a boost in the local economy.

Earlier this month, the Philadelphia Inquirer took a look at amount of money that the area is set to take in.  They pegged the figure between $100 and $120 million and about 190,000 spectators, volunteers and staff over the course of the week.  To set a standard for comparison, the article used the 2002 X Games, which brought in $40 million and 235,000 spectators over ten days.

This kind of eight to nine figure economic impact within a week to two week span is something that professional teams cannot offer.  Teams tout their impact on the local economy, but study after study shows that in most cases there is simply a shift in where the the impact is felt within a certain region, not necessarily resulting in an overall gain.

However, major events like a US Open bring in people from outside of the country and sometimes from outside of the United States.  Hotels have reported that they have seen reservations from foreign countries like Germany, Ireland, and Japan, according to the Inquirer.

With Monday's practice round a washout, it is uncertain how much the impact will be, well, impacted.  If you only had tickets to Monday's practice round, would you have left early, hung around and checked out the area, or hung around and tried to get tickets to another practice round?  Maybe the combination would result in no change to the overall estimated impact.

Either way, the pros are ready to take on one of the most historic courses in the country, Merion Golf Club.  Though short, Merion will prove to be a difficult test for many especially when it comes to making disciplined decisions and club selections.  The pros are ready to play, but are you ready to spend?


Follow Kevin Rossi on Twitter @kevin_rossi.

Tuesday, June 11, 2013

U.S. Open Week Television Coverage

As an avid golf fan, this time of year is exciting to me. It is U.S. Open Week! On Thursday the players will be teeing off on a quest to become the 113th winner of the U.S. Open (well, if the weather holds out...)

At the beginning of the week, coverage of the U.S. Open started. In total the Golf Channel and NBC will be delivering over 70 hours of coverage for the tournament. Included in the coverage is news, live chats, features, highlights, live coverage and more. The Golf Channel will have about 56 hours of coverage and NBC will have about 19 hours.

Included in the Golf Channel's coverage will be Live From the U.S. Open which will air before and after live coverage to show highlights and bring any breaking news stories. A popular Golf Channel show, The Golf Fix, will also be airing from the driving range of Merion. The Golf Channel will also be airing a feature titled "1971 U.S. Open: Lee Trevino an American Champion." This documentary will look at Trevino's shocking victory over Jack Nicklaus in the 1971 U.S. Open at Merion.


NBC's coverage will focus on live action. NBC plans to bring live U.S. Open coverage on Thursday and Friday from 3:00pm to 5:00pm. On Saturday and Sunday coverage is expected to take place from 12:00pm to 7:30pm. For NBC it will be interesting to see how many viewers tune in. Last year's U.S. Open saw final round coverage that earned a 6.6 overnight rating. This was up 29 percent from the final round of 2011. The increase in viewership last year can be somewhat contributed to the location of the tournament. The U.S. Open's that take place on the west coast (like last year) typically see higher television ratings because of the ability to broadcast in primetime on the east coast.

Final Thought
As a golf fan any major is exciting. This year brings a little extra excitement because they are playing so close to home. All I can ask for is an exciting tournament that has my eyes glued to the television on Sunday afternoon.... A Tiger victory would be nice too.



@dmrosen7

Wednesday, April 10, 2013

Dollars & Sense - The Masters Primer

The 77th playing of the Masters will tee off this weekend from Augusta National in Georgia under sunny skies and much of that world famous Southern hospitality.  "A tradition unlike any other," Jim Nantz's famous saying goes.  As the world around Augusta National becomes evermore engulfed in corporate greed, shaky ethics, and general hatred, the Masters has become a bubble of serenity.

2013's version of the Masters will see 14-year old Guan Tianlang compete in the same field as 63-year old Tom Watson.  It is where a four day pass to the competition days costs a minimum of $250 (if you're lucky), and a pimento cheese sandwich and a beer will only set you back a total of $4.50.  It is where we could see magic like Bubba Watson's near-impossible 163-yard gap wedge hook from the woods last year or collapse like Rory McIlroy's final round 80 in 2010.


While the business of sport has been rapidly growing for years, the business of the Masters has been focused on keeping the tradition alive.  In this day and age in sports, we are not used to going to a major event (or even minor, for that matter) that is without a parking fee, without corporate hospitality tents, and without exorbitant concessions prices.

There are very few events in the world that has the kind of history and tradition that the Masters has.  There are even fewer that capitalize on that history and tradition to make it the focal point in the selling process.

This year, Tiger Woods comes in with the number-one ranking in the world and the odds in his favor.  McIlroy comes in with his new Nikes after a scorching hot 2012.  Watson comes in to defend his title.  Keegan Bradley and 2012 US Open winner Webb Simpson come in with their maybe soon-to-be-banned anchored putters.  2012 Open Championship winner Ernie Els comes in with four major titles but no top-tens in the Masters in almost 20 years (T-8 in 1994).

The field is wide open, so any prediction that I were to make would likely be deemed useless within the first 18 holes of competition.  Though we do not know the numbers on the scorecard, we do know some of the numbers in the checkbook.  Here are some need-to-know stats for the 2013 Masters.

Prize Money:
Winner - $1.44 million
Runner-Up - $864,000
Total Purse - $8.0 million

Economic Impact:
The Masters will bring in an estimated $110 million economic impact to the city of Augusta, Georgia during the week of the tournament.


Television:
ESPN.com
The Masters have appeared on CBS for 54 consecutive years.
CBS and ESPN will split the broadcast of the 2013 Masters.
Only four minutes every hour are allowed for television commercials.

Tee Times:
Check out the Golf Channel for tee times in rounds one and two.

Concession Prices:
As mentioned earlier, the concession prices are unmatched by any place in sports. In the best way possible.

Twitter:
Follow @The_Masters on Twitter for tournament updates.

Itinerary:
Visiting Augusta National and need an itinerary? Rick Reilly has you covered.

Arnold Palmer:
How does Arnold Palmer order an Arnold Palmer? Answer.


Guan Tianlang:
Want to read more about the 14-year old competitor from China? Gene Wojceichowski profiles him.

Jim Nantz:
Fresh off of the NCAA Tournament finals calling Louisville's victory over Michigan, Jim Nantz heads to Augusta to cover the Masters, just as he has every year since 1986.  Ed Sherman talk to him about transition and tradition.


Follow Kevin Rossi on Twitter @kevin_rossi.