They are many factors that influence the sports marketing
industry. The amount of dollars invested in sports marketing campaign is higher
than it has ever been. More and more sponsors continue to line up with sports
organizations in order to increase brand awareness. Media deals worth billions are
now the standard when it comes to acquiring television, radio and digital
rights. In college football, athletic departments are recruiting sponsors of
all kind. Florida State and the University of Florida have partner with Winn-Dixie, a marketing trend that is increasing in college sports.
Marketing agencies have venture into the complexity of
college sports and have seen success there. IMG created IMG College in 2007.
IMG College handles the marketing and broadcast rights from
over 90 schools that have outsourced these functions to marketing firms in the
sports industry. IMG College has generated over $500 million in revenue to its
clients. The problem with this is that college sports are associated with
amateurism and sometimes the image of a school might blur the lines of what is
acceptable and what is not. We can look at the lawsuit against the NCAA and EA
Sports brought by players that claim their image and likeliness was used
without permission or compensation as an example of some of the limitations the
college sports industry may present.
In contrast, the college sports
industry provides a growing market with promises of loyal fan bases. The
increase in official sponsors in college sports is a revenue opportunity for
both, the school and their sponsor. Sports marketing agencies designated to
handle these marketing functions must appropriately do so without hurting the
image or the brand of their clients. There is no denying that the partnerships
with these sports marketing agencies and schools has been beneficial for both
sides, it has provided stability, consistency and growth to their revenue.