JAY-Z IS PAID $750K TO PERFORM AND THE ORGANIZERS LOST $917K

The first concert in Arizona Stadium since 1977 lost nearly $1 million.
The Last Smash Platinum Bash, which featured Jay-Z and Kelly Clarkson, ended up $917,000 in the red. The concert cost $1.42 million, and ticket and merchandise sales brought in only $503,502, according to student organizers.
Tommy Bruce, outgoing president of the Associated Students of the University of Arizona, blamed the event's struggles on the economy.

"Nobody predicted the economy would be the way it is now last May," he said.
The contract for Jay-Z, who was paid $750,000, was signed March 24.
The ASUA will apply its entire emergency budget reserve — $350,000 — to help cover the shortfall.

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