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New UNT Stadium Naming rights - Apogee

dml7007

By dml7007
in Mean Green Football

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KyleEaton Newbie

KyleEaton

Posted
Posted (edited)

I am guessing that no one here is a finance major? UNT is not getting $20 million. It is says the deal will average $1 million per year. If Apogee takes $13.5 million today and invests it in long-term bonds that yield 4.5% per year, it covers the payments for the next 20 years.

On the other hand, if UNT wants to pay off its $80 million and the cost is 4.5%. They have to pay almost $6 million per year for the next $20 years. So this covers maybe 1/6 of the total cost on an annual basis not 1/4.

It is all about the time value of money.

Edited by KyleEaton
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Grant.UNT
Grant.UNT

am I the only one that isn't in love with this move? It's just not recognizable. I guess money got tight.

Hopeful
Hopeful

I too wish it sounded cooler. It sounds like the name of a forgetten native american tribe. It also sounds like apathy. Ugh. Oh well, money is money and we need what we can get. However, Ive already t

MeanGreenDan
MeanGreenDan

For anyone who doesn't like it, I would put money on Apogee either not surviving for 20 years or being acquired by a larger corporation. Obviously the latter would be best because they would likely k

UNT 90 Grad Grand Master

UNT 90 Grad

Posted
Posted

It's great to see the money coming in. The name sounds a bit like "apology", but who cares. We need to know what they want the stadium name to be and then let it grow on us... Just like the wing zone and the new uniforms and the new coach etc etc etc

filmerj Newbie

filmerj

Posted
Posted (edited)

I am guessing that no one here is a finance major? UNT is not getting $20 million. It is says the deal will average $1 million per year. If Apogee takes $13.5 million today and invests it in long-term bonds that yield 4.5% per year, it covers the payments for the next 20 years.

On the other hand, if UNT wants to pay off its $80 million Apogee and the cost is 4.5%. They have to pay almost $6 million per year for the next $20 years. So this covers maybe 1/6 of the total cost on an annual basis not 1/4.

It is all about the time value of money.

I could be wrong, and most likely am, but I read that the student fee would end once the stadium debt is paid off. So if this is in fact the way the bill reads, my guess is unt would not work very hard to pay it all off or find a way to prolong the end of the student fee. Any body know for sure? Flyer I am looking at you.

Edited by filmerj
Quoner Veteran

Quoner

Posted
Posted

I am guessing that no one here is a finance major? UNT is not getting $20 million. It is says the deal will average $1 million per year. If Apogee takes $13.5 million today and invests it in long-term bonds that yield 4.5% per year, it covers the payments for the next 20 years.

On the other hand, if UNT wants to pay off its $80 million and the cost is 4.5%. They have to pay almost $6 million per year for the next $20 years. So this covers maybe 1/6 of the total cost on an annual basis not 1/4.

It is all about the time value of money.

Also, if they provide a service the university already pays for, who says the deal is all cash?

Oh, and not to kill the lecture, but don't you have to subtract out the part of the stadium the student fee pays for?

  • Upvote 1
Keith7 Newbie

Keith7

Posted
Posted

I am guessing that no one here is a finance major? UNT is not getting $20 million. It is says the deal will average $1 million per year. If Apogee takes $13.5 million today and invests it in long-term bonds that yield 4.5% per year, it covers the payments for the next 20 years.

On the other hand, if UNT wants to pay off its $80 million and the cost is 4.5%. They have to pay almost $6 million per year for the next $20 years. So this covers maybe 1/6 of the total cost on an annual basis not 1/4.

It is all about the time value of money.

Wut?

  • Upvote 1
Green Lantern Mentor

Green Lantern

Posted
Posted

I am guessing that no one here is a finance major? UNT is not getting $20 million. It is says the deal will average $1 million per year. If Apogee takes $13.5 million today and invests it in long-term bonds that yield 4.5% per year, it covers the payments for the next 20 years.

On the other hand, if UNT wants to pay off its $80 million and the cost is 4.5%. They have to pay almost $6 million per year for the next $20 years. So this covers maybe 1/6 of the total cost on an annual basis not 1/4.

It is all about the time value of money.

Any relation to Beautiful Bobby?

UNT90 Newbie

UNT90

Posted
Posted

None.

Only one team has a higher per year commitment, and that is Minnesota.

Confused by this, Flyer. Are you saying that the ony university in any division that gets more for their stadium naming rights is Minnesota?

I would be shocked if that were the case.

GreenN'walinsVet Collaborator

GreenN'walinsVet

Posted
Posted

Confused by this, Flyer. Are you saying that the ony university in any division that gets more for their stadium naming rights is Minnesota?

I would be shocked if that were the case.

I would believe this to be correct. How many large schools actually have corporate sponsors for their stadiums? I can only think of Tech in the the area. Area being the southwest

Quoner Veteran

Quoner

Posted
Posted

Confused by this, Flyer. Are you saying that the ony university in any division that gets more for their stadium naming rights is Minnesota?

I would be shocked if that were the case.

Prepare to be shocked.

http://sports.espn.go.com/new-york/ncf/news/story?id=6687348

http://businessofcollegesports.com/2011/06/21/naming-rights-on-college-stadiums-and-arenas/

Any finger alignment preference?

Quoner Veteran

Quoner

Posted
Posted

Reverse it for me. Ooooohhhhhhhh yaaaaaaaa!

Ok, got it now. This is just for company sponsorships. Private gift donations that led to Stadium namings are different (Thinking of Ford Stadium and others).

Exactly (and nicely done on the horrifying response.)

I know my excitement over this seems almost manic, but I've watched several bigger companies piss away more money on deals they never leverage well. I think this really is a nice mix of need with need.

UNT90 Newbie

UNT90

Posted
Posted (edited)

I know my excitement over this seems almost manic

Everyone should be excited. This is huge news and a great day for UNT. I'm assuming the pronunciation to be a-pO-gEE?

Who knows, this thread may even exceed the fashion thread in page numbers.

Edited by UNT90
UNTflyer Apprentice

UNTflyer

Posted
Posted (edited)

Everyone should be excited. This is huge news and a great day for UNT. I'm assuming the pronunciation to be a-pO-gEE?

Who knows, this thread may even exceed the fashion thread in page numbers.

So... $50 million will be committed to university in the month of August.

Edited by UNTflyer
UNT90 Newbie

UNT90

Posted
Posted

So... $50 million will be committed to university in the month of August.

And I'm sure the new stadium had nothing to do with it.... :rolleyes:

If only we could reward you with a small percentage as a show of appreciation for everyrhing you did to make this possible.

bstnsportsfan3 Grand Master

bstnsportsfan3

Posted
Posted

its so good to be green right now....

and to take 20 mil of green to the bank!

i would love if it was called something like Joe Greene Field at Apogee Stadium. But im perfectly ok with just Apogee Stadium, or Apogee Mean Green Stadium.

SilverEagle Mentor

SilverEagle

Posted
Posted

And I'm sure the new stadium had nothing to do with it.... :rolleyes:

If only we could reward you with a small percentage as a show of appreciation for everyrhing you did to make this possible.

If only the University and Athletic dept would show their appreciation.

  • Upvote 1
Side Show Joe Newbie

Side Show Joe

Posted
Posted

It seems every time I check GMG there is more good news. This is a great deal for North Texas. I'll be glad to drive out to Apogee Stadium and watch the Mean Green play for the next 20 plus years.

Will this injection of naming rights money be counted into the our annual athletic budget every year?

  • Upvote 1
MeanMag Rising Star

MeanMag

Posted
Posted

geez i could give some people on here a puppy and some free icecream and they would still be pissed....

If the puppy didn't eat the ice cream, he'd eat your couch and then you'd have to worry about the ice cream melting. Do you realize how much pain you've caused me?

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