General Discussion Triathlon Talk » And there we go...WTC breaks into the Olympic Distance scene Rss Feed  
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2010-10-06 11:21 AM
in reply to: #3136166

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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
undertheradar - 2010-10-06 11:18 AM

trix - 2010-10-06 11:14 AM
undertheradar - 2010-10-06 11:07 AM :yawn:


Really? 

I really don't see the problem.   There are still a gazillion small local races you can do.  If these awesome races that got absorbed were really all that awesome, they wouldn't have allowed themselves to be taken over.


when you say absorbed it really means....bought out....and the reason they were bought out is because they bring high level pros, have a great location, is an awsome race, and already has lots of racers....

i can speak from experience.  the MIT race is one i have participated for in the past 3 years.  every year they sell out and cap at 1500.....i have met Andy Potts, Matthew Reed and Chris Lieto at this race.

guess what....my fee just went up by 75%...

alternatives you say....actually there is none in south florida in March....this is the first olympic distance race of the season.....

the CHITIEST part of it all is that with the disclosure there won't be another race around the time....


So it really just comes down to how much it will cost you right?  I mean, none of the positives you listed are going anywhere.  Is the %75 just a guess, or is that accurate?   What was it before?


RACINE was $125 early bird with HFP racing next year looks like 225-250 depending on when you reg.


2010-10-06 11:24 AM
in reply to: #3136180

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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
running2far - 2010-10-06 11:21 AM
undertheradar - 2010-10-06 11:18 AM
trix - 2010-10-06 11:14 AM
undertheradar - 2010-10-06 11:07 AM :yawn:


Really? 

I really don't see the problem.   There are still a gazillion small local races you can do.  If these awesome races that got absorbed were really all that awesome, they wouldn't have allowed themselves to be taken over.


when you say absorbed it really means....bought out....and the reason they were bought out is because they bring high level pros, have a great location, is an awsome race, and already has lots of racers....

i can speak from experience.  the MIT race is one i have participated for in the past 3 years.  every year they sell out and cap at 1500.....i have met Andy Potts, Matthew Reed and Chris Lieto at this race.

guess what....my fee just went up by 75%...

alternatives you say....actually there is none in south florida in March....this is the first olympic distance race of the season.....

the CHITIEST part of it all is that with the disclosure there won't be another race around the time....


So it really just comes down to how much it will cost you right?  I mean, none of the positives you listed are going anywhere.  Is the %75 just a guess, or is that accurate?   What was it before?
RACINE was $125 early bird with HFP racing next year looks like 225-250 depending on when you reg.


Isn't that a 70.3?  $225 sounds like a pretty normal fee.
2010-10-06 11:24 AM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
Fastyellow - 2010-10-06 8:12 AM I think this is awesome and great for the sport. I just did LA Tri and it was $270 or something and I would gladly pay that for a race of that size and production. Venice, Olympic and Grand among other main streets in downtown LA were completely closed. You have to pay for something like that.

There are a million other cheaper races that are available for those on a budget. There will continue to be as long as there is a market for them.

I like a big stage and WTC brings that to shorter races. I'm all for it!


Not with WTC blocking out half the season just because they have AN event...
2010-10-06 11:26 AM
in reply to: #3135920

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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
JoshKaptur - 2010-10-06 8:14 AM Walmart offers lower quality stuff for a lower price.  WTC offers [imho] a far superior product at a much higher price.

Whether the product they offer justifies the price is a matter for each individual consumer to decide.  It seems that most of this thread's participants believe it does not.  But it seems to me based on sold out races at both the 140.6 and 70.3 distances, there are plenty of consumers who think that it does.

I suspect the market will ensure that there is expensive high end races, cheaper almost as nice races, and even cheaper barely get anything races.  You get to vote with your wallet. 

I vote we all b*tch and moan about the evil company that is FORCING me to give them my credit card in a capitalist society.


I'd argue that it's NOT superior because the increase in quality (which I'd argue is pure fluff and not any substantial quality differential of anything that really matters) isn't commensurate with the price increase.
2010-10-06 11:26 AM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
briderdt - 2010-10-06 11:24 AM
Not with WTC blocking out half the season just because they have AN event...


Time to move somewhere with a longer season. 
2010-10-06 11:30 AM
in reply to: #3136166

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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
undertheradar - 2010-10-06 11:18 AM
trix - 2010-10-06 11:14 AM
undertheradar - 2010-10-06 11:07 AM :yawn:


Really? 

I really don't see the problem.   There are still a gazillion small local races you can do.  If these awesome races that got absorbed were really all that awesome, they wouldn't have allowed themselves to be taken over.


when you say absorbed it really means....bought out....and the reason they were bought out is because they bring high level pros, have a great location, is an awsome race, and already has lots of racers....

i can speak from experience.  the MIT race is one i have participated for in the past 3 years.  every year they sell out and cap at 1500.....i have met Andy Potts, Matthew Reed and Chris Lieto at this race.

guess what....my fee just went up by 75%...

alternatives you say....actually there is none in south florida in March....this is the first olympic distance race of the season.....

the CHITIEST part of it all is that with the disclosure there won't be another race around the time....


So it really just comes down to how much it will cost you right?  I mean, none of the positives you listed are going anywhere.  Is the %75 just a guess, or is that accurate?   What was it before?


if i am not mistaken the race was 150 before...which is reasonable for a good olympic race....$250, 70% increase....

if that is what it is and i am guess it won't be far off....

yeah i GET same benefits for higher price?  sounds like a bargin...pft...


2010-10-06 11:30 AM
in reply to: #3135009

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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
I understand that prices will go up, but I don't necessarily see that as a 100% bad thing.  Prices can only go up significantly if the WTC feels that people are willing to pay that price.  If that's true, then that means the sport has grown larger and reaches a larger population.  When the sport grows, so does sponsorship, and bike and apparel manufacturers need to be more competitive with each other to grab a larger share of the new market.

I also assume that would also create a demand for smaller and more affordable races to pop up in it's place to accomodate the masses who may not be able to afford these new WTC 5150 races.

In the end, it's a shame that some people may not be able to afford to race with the elites now...but it's part of economics.  If there is a large enough demand for a specific product, then prices will rise.  It's no different than prices of tickets to pro sporting events, concerts, or buying the "tickle me elmo" type product that every kid has to have during christmas.

Edited by tri808 2010-10-06 11:31 AM
2010-10-06 11:34 AM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
I think this is an interesting discussion...I just finished my 2nd season in tri's but didn't really learn much about WTC, etc.  To me it's good education for any new triathletes...assuming they read most of the pro's and con's - taking everything with a grain of salt...They they can learn that they have a choice in what kind of race they want to do.

In my mind this seems very much like going to a Disney park vs. a local amusement park.  What do you want to see/do?  Do you want to see Mickey and family...then you're going to have to pay for it!  Can you have a fun time without all the characters??  

I think it is important to remind all of the triathletes to not forget about the local guys...but on the other hand- Don't expect to have thousands of workers/volunteers at the local races...
2010-10-06 11:48 AM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
tri808 - 2010-10-06 12:30 PM I understand that prices will go up, but I don't necessarily see that as a 100% bad thing.  Prices can only go up significantly if the WTC feels that people are willing to pay that price.  If that's true, then that means the sport has grown larger and reaches a larger population.  When the sport grows, so does sponsorship, and bike and apparel manufacturers need to be more competitive with each other to grab a larger share of the new market.

I also assume that would also create a demand for smaller and more affordable races to pop up in it's place to accomodate the masses who may not be able to afford these new WTC 5150 races.

In the end, it's a shame that some people may not be able to afford to race with the elites now...but it's part of economics.  If there is a large enough demand for a specific product, then prices will rise.  It's no different than prices of tickets to pro sporting events, concerts, or buying the "tickle me elmo" type product that every kid has to have during christmas.


But if WTC forces blackout clauses when negotiating with local city gov't it makes it that much harder for those affordable races to get a permit to even operate. 

Edited by mktoson 2010-10-06 11:50 AM
2010-10-06 11:48 AM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene

Double post.



Edited by mktoson 2010-10-06 11:49 AM
2010-10-06 11:50 AM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
mktoson - 2010-10-06 11:48 AM

But if WTC forces blackout clauses when negotiating with local city gov't it makes it that much harder to put on those affordable races to get a permit to even operate. 


Nobody is "forcing" anything.   The local government is making that decision...so blame your city instead.


2010-10-06 12:19 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
I posted this on  ST as well...it comes down to entitlement...people think they have a right to affordable races. They think that the sport should be accessible to everyone...while that would be great, it's simply not the case.

As the sport grows, prices are going to go up until they reach resistance from the consumer. Right now, there is ZERO resistance when the WTC can sell out whatever it wants. That's all that matters at this point.

I can only speak for here in Socal, we have a city every 10 miles along the freeway. There is no way the WTC could have any impact on races here. If they blocked one city, the race could move 10 miles up the coast and hold their race. So it barely affects us in that way. I hope they bring several big Olympics here. As I said, I'm all for bigger races. It also helps with sponsors if you can do well at higher profile events, more often. 

The pros will also love this as it means more advertising revenues which means higher and deeper purses.
2010-10-06 12:20 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
tri808 - 2010-10-06 11:30 AM I understand that prices will go up, but I don't necessarily see that as a 100% bad thing.  Prices can only go up significantly if the WTC feels that people are willing to pay that price.  If that's true, then that means the sport has grown larger and reaches a larger population.  When the sport grows, so does sponsorship, and bike and apparel manufacturers need to be more competitive with each other to grab a larger share of the new market.

I also assume that would also create a demand for smaller and more affordable races to pop up in it's place to accomodate the masses who may not be able to afford these new WTC 5150 races.

In the end, it's a shame that some people may not be able to afford to race with the elites now...but it's part of economics.  If there is a large enough demand for a specific product, then prices will rise.  It's no different than prices of tickets to pro sporting events, concerts, or buying the "tickle me elmo" type product that every kid has to have during christmas.


i see your point and not sure if any of the races on that particular roster you have attend in the past.  

i can afford 250 / 350 / 550 for a race.  but to me its all about the product that you get for the fee.  i am still smart about how i spend my money. 

i think what you have here is what alot of AMERICANS love in general .... branding.  WTC has made a name for itself for IM distance races.  FANTASTIC....but now they are supposedly bring that "experience" to shorter courses.


my point is....i am willing to spend money if the product really is good.  i just don't see how a race that is already top notch going to be improved....in fact i will bet money the only thing will be some nicer banners....

the course will be identical...maybe brings few more pros...maybe the t-shirt is nicer and so is the medal....i am not sure if my point is clear enough?

and they create a monopoly while doing it.
2010-10-06 12:33 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
I totally understand your point Trix....the only thing I can say is that if the value isn't there, the races will not prosper.

There is going to be a breaking point, there always is. If people love the IM Brand enough, they will support it no matter what. Hell, people buy $1000.00 jeans that are 99% the same thing as Levi's. It's all about image. If it means that much to enough people to say they competed in an IM event, they will continue to raise prices until entries fall off.
2010-10-06 12:37 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
so how long until some of you convert to racing off-road?

;-)

Regional championships are <100, most local races are 50-65. 
2010-10-06 12:45 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
Bioteknik - 2010-10-06 12:37 PM

so how long until some of you convert to racing off-road?

;-)

Regional championships are <100, most local races are 50-65. 


Is there a similar issue with XTERRA?
Off road sounds fun, but is generally even less promoted than on road tri.


2010-10-06 12:47 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene

Just another thought, and I'm not saying good or bad, but the marketing of their events will probably bring more people into triathlon.   This will fill events run by other companies. (Good thing)

Add in blackout dates meaning fewer races, and supply and demand seems to make cost increases appropriate as you will have people fighting to get into your events. (Bad Thing)

I don't like it and can't afford to pay $200 for an Oly.  But if I can't find affordable options, I'll find another sport.



Edited by velocomp 2010-10-06 12:48 PM
2010-10-06 12:51 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
Bioteknik - 2010-10-06 12:37 PM

so how long until some of you convert to racing off-road?

;-)

Regional championships are <100, most local races are 50-65. 


Cyclocross races are $25 bucks, 10 bucks more if you want to race twice.....No banners, medals, t-shirts, just a bunch of guys/gals that love to race and have fun. Great VIBE
2010-10-06 12:58 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
the bear - 2010-10-06 9:33 AM
Last year we paid $125.  I think the price will be at least $200, but I am guessing $250.  I guess last year was the last Hy-Vee triathlon I will do. 
Similarly, I have done either the full or half at the Mardi GRAS Marathon every year since 2002, with th price of the half around $45,. Last year the R 'n' R folks came in, gave the previous year's participants a special price of $50. I saw no positive changes in the race. This year the price for the half is $95. Looks like I won't be doing another.


I LOVE the elite race series - where else will my 4 hour marathon put me in the top 10%??
2010-10-06 1:12 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
running2far - 2010-10-06 1:51 PM
Bioteknik - 2010-10-06 12:37 PM so how long until some of you convert to racing off-road?

;-)

Regional championships are <100, most local races are 50-65. 
Cyclocross races are $25 bucks, 10 bucks more if you want to race twice.....No banners, medals, t-shirts, just a bunch of guys/gals that love to race and have fun. Great VIBE


And usually free beer!
2010-10-06 1:14 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
undertheradar - 2010-10-06 11:50 AM
mktoson - 2010-10-06 11:48 AM

But if WTC forces blackout clauses when negotiating with local city gov't it makes it that much harder to put on those affordable races to get a permit to even operate. 


Nobody is "forcing" anything.   The local government is making that decision...so blame your city instead.

Blame the city and do what about it?? 

Do you think a very small fraction of a city community is going to be able to lead an ousting of city government leaders? 

Wether we think it is a good thing or a bad thing, there is not much that a small fraction of the citezenry can do about it. 

I, too, am curious about the legality of such a blockage.  To be fair, I don't know that this is a truth in our community (a blockage) and I have not been able to reach either of the race directors that have smaller events (sprints) in this community to find out about it.  That remains to be seen, but I don't like the fact that WTC seems to be trying to corner the market at some locations and thus force people to participate in their events or not race at all. 


2010-10-06 1:23 PM
in reply to: #3136358

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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
trix - 2010-10-06 8:20 AM
tri808 - 2010-10-06 11:30 AM I understand that prices will go up, but I don't necessarily see that as a 100% bad thing.  Prices can only go up significantly if the WTC feels that people are willing to pay that price.  If that's true, then that means the sport has grown larger and reaches a larger population.  When the sport grows, so does sponsorship, and bike and apparel manufacturers need to be more competitive with each other to grab a larger share of the new market.

I also assume that would also create a demand for smaller and more affordable races to pop up in it's place to accomodate the masses who may not be able to afford these new WTC 5150 races.

In the end, it's a shame that some people may not be able to afford to race with the elites now...but it's part of economics.  If there is a large enough demand for a specific product, then prices will rise.  It's no different than prices of tickets to pro sporting events, concerts, or buying the "tickle me elmo" type product that every kid has to have during christmas.


i see your point and not sure if any of the races on that particular roster you have attend in the past.  

i can afford 250 / 350 / 550 for a race.  but to me its all about the product that you get for the fee.  i am still smart about how i spend my money. 

i think what you have here is what alot of AMERICANS love in general .... branding.  WTC has made a name for itself for IM distance races.  FANTASTIC....but now they are supposedly bring that "experience" to shorter courses.


my point is....i am willing to spend money if the product really is good.  i just don't see how a race that is already top notch going to be improved....in fact i will bet money the only thing will be some nicer banners....

the course will be identical...maybe brings few more pros...maybe the t-shirt is nicer and so is the medal....i am not sure if my point is clear enough?

and they create a monopoly while doing it.


I totally understand your point.  I agree that the races will likely not have any value added other than branding.  Is that worth a 50-100% price hike...well...obviously the WTC feels that it is and that there will be enough people that agree with them to sell out their races.

As I said before, it's simple economics.  Why do I need to improve my product if you are willing to pay more for the product as it is now?  Well, maybe everyone isn't willing to pay more, but there are people waiting that will gladly take those spots at an increased price.

Like fastyellow mentioned, I think there is a problem with entitlement.  We do not have the right to have races that everyone can afford.  Race directors will operate in a way that benefits them and their sponsors the most.  If achieving that goal means excluding people with less disposable income, that's not their problem.
2010-10-06 1:27 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
Fastyellow - 2010-10-06 12:19 PM. As I said, I'm all for bigger races. It also helps with sponsors if you can do well at higher profile events, more often. 

I think this is an important point.  Organizations like mine have to make a deal with sponsors that says that we will have each of our team members race at least once per month during our season (defined as May to September).  That means we need to race in at least 20 races (20 team members).  We do not have the advantage (or disadvantage, depending on your POV) to have a different town  - or more specifically a different body of water - every 10 miles.  If the "blockage" thing is true - we will be forced to revisit our agreements with our sponsors and risk losing out on those sponsorships. 

As a team that races for a charitable cause, this does a disservice to those that we wish to help, since the less sponsorship we have, the less we can race and the less that people see our uniforms with our important message. 
2010-10-06 1:33 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
tri808 - 2010-10-06 1:23 PM
trix - 2010-10-06 8:20 AM
tri808 - 2010-10-06 11:30 AM I understand that prices will go up, but I don't necessarily see that as a 100% bad thing.  Prices can only go up significantly if the WTC feels that people are willing to pay that price.  If that's true, then that means the sport has grown larger and reaches a larger population.  When the sport grows, so does sponsorship, and bike and apparel manufacturers need to be more competitive with each other to grab a larger share of the new market.

I also assume that would also create a demand for smaller and more affordable races to pop up in it's place to accomodate the masses who may not be able to afford these new WTC 5150 races.

In the end, it's a shame that some people may not be able to afford to race with the elites now...but it's part of economics.  If there is a large enough demand for a specific product, then prices will rise.  It's no different than prices of tickets to pro sporting events, concerts, or buying the "tickle me elmo" type product that every kid has to have during christmas.


i see your point and not sure if any of the races on that particular roster you have attend in the past.  

i can afford 250 / 350 / 550 for a race.  but to me its all about the product that you get for the fee.  i am still smart about how i spend my money. 

i think what you have here is what alot of AMERICANS love in general .... branding.  WTC has made a name for itself for IM distance races.  FANTASTIC....but now they are supposedly bring that "experience" to shorter courses.


my point is....i am willing to spend money if the product really is good.  i just don't see how a race that is already top notch going to be improved....in fact i will bet money the only thing will be some nicer banners....

the course will be identical...maybe brings few more pros...maybe the t-shirt is nicer and so is the medal....i am not sure if my point is clear enough?

and they create a monopoly while doing it.


I totally understand your point.  I agree that the races will likely not have any value added other than branding.  Is that worth a 50-100% price hike...well...obviously the WTC feels that it is and that there will be enough people that agree with them to sell out their races.

As I said before, it's simple economics.  Why do I need to improve my product if you are willing to pay more for the product as it is now?  Well, maybe everyone isn't willing to pay more, but there are people waiting that will gladly take those spots at an increased price.

Like fastyellow mentioned, I think there is a problem with entitlement.  We do not have the right to have races that everyone can afford.  Race directors will operate in a way that benefits them and their sponsors the most.  If achieving that goal means excluding people with less disposable income, that's not their problem.


Maybe I'm not that smart.  In what way does this grow the sport?

Every sport that I know of that is a high visibilty, high participation sport sets itself up at several different levels of participation (take baseball, basketball, football and to a growing extent, soccer).  If there is indeed a blockage policy, that would then restrict the growth of the sport. 

To me, your indications show a tendency to lessen the ability of those that are not financially well off to participate in the sport while the middle class begins to be left out. 

I mean, I have a degree in economics and finance, but I am not sure I understand how this is good economics on a long term basis (short term, certainly). 
2010-10-06 1:38 PM
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Subject: RE: And there we go...WTC breaks into the Olympic Distance scene
So this means I can get my MDot tat after doing an Oly now right?

Edited by furiousferret 2010-10-06 1:40 PM
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