ADMIN MANAGEMENT-MR1/TF3 Class Assignments (09/7-15/2010)

You have just been awarded the right to start a semi-professional basketball team in Memphis, TN. It is a grassroots operation. You have to fill the seats. Your projected salary cap is $100,000. Your gym lease for practice is $6000. Your coaching salary is $15,000. Your game facility leases to you for $ 7500 ($500/game). You need to put a plan together that will put you $200,000 in the bank for security before the season starts Nov 2010. The team fee is $50, 000. You pay $5000 down and have 12 months to pay it off.

YOU MAY WORK AS A MANAGEMENT TEAM BUT NO MORE THAN THREE TO A GROUP AND YOU MUST DEFINE EACH MEMBER"S ROLE AND RESPONSIBILITIES!!!!!

Your assignment:

1. Write a plan of action
2. Business Plan is needed
3. Come up with 10 money raising ideas
4. Show the projection of how money will be made at each fund raiser.
5. Establish a practice facility 
6. Establish a game facility. (can be the same)
7. Show your payroll using current NBA names and how you would divide up the salary cay money ($100,000)
8. Create a budget form.
9. Fill in the form with your budget.
10. Name the Team
11. Give the team a mascot.
12. Hire a coach.
13. How will the team be a success?
14. How will you produce the income annually needed to keep things going?
15. How will you keep fans in the seats?
16. How you make your money back ($50,000)
17. How will you make a profit?
18. Show ALL your money making ventures in the budget. What it cost to operate... What income you project it will make. What profit you plan to make form it.
19.  Once each part is developed we will put together a portfolio to make the presentation.
20. Be prepared to discuss and answer questions about the plan and the team.