What Winning $636 Million Lottery Can Do For Your Favorite College Football Team
5 Things Winning Lotto Can Buy Your Team
In any story about a game of chance, the odds are there are going to be a lot more losers than winners. The one person who jumps for joy is going to be joined by about 200 million people ripping up their tickets.
This is the case with tonight’s Mega Millions lottery jackpot, which is now conservatively estimated at $636 million, although lottery officials concede the final figure could be higher. Odds are that someone will win tonight too simply because the lotto fever will reach near record levels. That’s something I’ll never understand since I could just as happily live off smaller jackpots of, say, $50 million, which is the Powerball number for Wednesday night.
I will say this as a college football fan: I hope a rabid college football fan wins the lottery tonight and for once, I hope it’s not a fan of one of the 25 schools that always seem to appear in the USA Today and AP Top 25 football polls.
I hope some generous soul who suffered through years of cheering on a losing program like Kent State, Temple, Idaho, Wyoming or New Mexico State wins the lottery, and commits a significant portion of it to help the school win in football. It'd be about time, because the playing field has been significantly tilted against those teams by a system that ensures the rich get richer for the same Top 25 teams every year.
The revenue from full stadiums help those teams bring in the top recruits and the cycle of the rich getting richer is never broken. A big-time contribution from a new half-billionaire tonight could help break that cycle for at least one team.
After all, who really needs $636 million to be happy? I don’t. As a fan of one of those teams, I can live off $20 million the rest of my life and donate the rest to my favorite football program so that the playing field becomes even for once. 20 years of glorious victories following 20 of ignominious defeats would really make me just as happy as my $20 million share. Since the final figure is going to be over $600 million, let’s go with a donation of $616 million, taking the annuity instead of the cash payout.
Here are five things you can purchase for your team for $616 million:
5. Fund Olympic Sports, $20 Million
Temple had to cut seven non-revenue sports recently, fueling a misguided anger toward the football program, which offers at least the promise for making revenue somewhere down the line. Providing an interest-generating contribution of $20 million can at least restore those sports for a few years before additional football money kicks into the kitty.
4. Endow Coaching Chair, $48 Million
Smaller-budget schools have a hard time winning because when they don’t win, they can’t afford to jettison underperforming head coaches and hire accomplished winners. This chair would not only provide enough money to hire the best available coaches, but would be used to buy out losing staffs.
3. Purchase TV Time, $80 Million
As the NFL has proven with its business model, nothing builds home followings like putting road games on live TV. About $80 million would be all that it would take to put the road games on TV for three years and put additional fannies in the seats for home games.
2. Upgrade Facilities, $68 Million
Nike Chairman Phil Knight contributed $68 million to build Oregon's Football Performance Center, which should be a great recruiting tool. Included in those facilities are three new practice fields, a two-story weight room, a 170-seat theater, a health center, a barbershop and a cafeteria.
1. Fund New Stadium, $400 Million
Some football teams, Temple included, either do not have on-campus stadiums and have to play in pro ones, or have substandard on-campus stadiums. A $400 million contribution would go a long way toward giving a better home to the homeless. A stadium as beautiful as Army's Michie Stadium could be built for $400 million, including luxury boxes and all the amenities.