“As we looked at all the factors as our lease expired with Empower Field, it would be unrealistic for us to not consider the financial implications that the move would have on CHSAA.”
On Thursday in Fort Collins, CHSAA announced the state championship football games for Class 5A and 4Astarting this year and that the Class 3A title will also move there in 2024.
Krueger declined to talk financial specifics, but revenue numbers from the history of “Championship Saturday” at Mile High provided to The Denver Post by the Colorado Sports Hall of Fame indicates CHSAA’s earning potential off the games was limited, especially compared to what the association expects to make in profit off the games at Canvas.
That means that even though football is CHSAA’s third-biggest state tournament moneymaker behind wrestling and basketball, the association wasn’t seeing very much profit from the 5A and 4A games at Empower Field relative to the ticket revenues they were generating. CHSAA made an average of $62,000 per year over 17 of the 18 years the games were played at Empower . In the most recent nine-year agreement, CHSAA’s revenues were capped at $60,000 each year.
“We’ve appreciated the Colorado Sports Hall of Fame’s promotion of the games,” Krueger said. “We’re incredibly grateful to both the Hall of Fame and the Broncos for helping us build memories for our student-athletes in an NFL stadium. But when we looked at the whole package, it made a lot of sense for us to work with CSU.”
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