The Georgia Bulldogs and Clemson Tigers are set to square off at Bank of America Stadium in Charlotte, N.C., to open the 2021 season on Saturday, Sept. 4.
Both Georgia and Clemson will receive guarantees of the greater of $4 million or 45% of Net Revenue, according to a copy of the Term Sheet obtained from the University of Georgia via a state open records request.
Below is how Net Revenue for the contest will be calculated, per the terms of the agreement:
“Net Revenue” shall equal “Total Income” less “Games Expenses.” Total Income shall be the sum of (i) total ticket sales revenue less applicable taxes; (ii) sponsorship fees (net of applicable commissions); and (iii) media rights, if applicable. Game Expenses shall be the sum of all customary and reasonable fees to stage and conduct the game. CSE shall prepare a detailed Game Expense budget for the Game and present said budget to Clemson and Georgia for mutual acceptance no later than February 1,2021. Game Expenses will be detailed in the contract, including the following: ticketing expenses, stadium costs, game operations, CSE management fee, events expense, marketing and promotions, stadium rent, other operating expenses and a contingency not to exceed Ten Thousand Dollars.
Each school is responsible for its own travel, hotels and meals.
Each school will be required to purchase 27,000 tickets, which certainly won’t be a problem. The ticket demand for this game will more than likely exceed the supply.
If either team cancels the contest, they must pay each of the other non-canceling parties the sum of $4 million within 30 days of cancellation. One of the parties includes the game organizer, Charlotte Sports Events, LLC.
The 2021 Georgia-Clemson matchup in Charlotte was announced in February and will be dubbed the Duke’s Mayo Classic (formerly known as the Belk Kickoff). Appalachian State and East Carolina are also scheduled to square off at Bank of America Stadium two days before Clemson-Georgia on Thursday, Sept 2.
In order to schedule the matchup, Georgia canceled their Sept. 4, 2021 home game against San Jose State, which cost the Bulldogs $1.8 million.
To clear a spot on their non-conference slate, the Clemson Tigers canceled their home game against Wyoming that was slated for Sept. 25. That cost the Tigers a $1.1 million cancellation fee.
Georgia and Clemson are also scheduled to meet at Mercedes-Benz Stadium in Atlanta, Ga., to open the 2024 season. The two schools will then play a pair of home-and-home series beginning five seasons later — 2029 at Clemson, 2030 at Georgia, 2032 at Georgia, and 2033 at Clemson.
In 64 previous meetings on the gridiron, Georgia leads the series against Clemson 42-18-4. In their most recent matchups, the two schools split a home-and-home series with Clemson winning 38-35 at Memorial Stadium in 2013 and Georgia winning 45-21 at Sanford Stadium in 2014.
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It cost the Bulldogs 1.8 million and a Mountain West beatdown at the hands of the Spartans.
I just wanted to get the press release right.
Are you going to the game,Kevin?
My calendar is already marked for this game next year!!! I will be watching!!!
Yeah, this should be an outstanding game. I’m not a fan of these neutral site games, but with this kind of money involved, it is hard for the schools to turn down.
Looks like the SEC is starting out playing an Cupcake Schedule again.
Cupcake schedules and they never win any national championships.