IHSA receives big gains on major events hosted by schools

The Illinois High School Association offers financial guarantees to schools for hosting playoff and championship events. In doing so, the IHSA runs the risk of losing money on poorly-attended events, but makes a big cut on the sporting events that attract a large audience. According to the Chicago Sun-Times’ Early & Often:

“The Illinois High School Association offers guarantees to schools on how much money they’ll get to host playoff and championship events — whether they’re tennis matches, where admission is free, or basketball games, where tickets are sold.

Under the formula establishing those guarantees, the IHSA loses money whenever it pays schools to host events that generate little or no ticket income. But the association makes money — sometimes five-figure sums — on the sports that draw big crowds.

For example, the 2013 boys basketball Class 4A sectional, held at Bolingbrook High School, netted $24,706 from ticket sales, according to records obtained from the Bolingbrook school system, Valley View District 365U.”

[Read the full story on Early & Often]

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