Wash St getting it done with TV $

[OburgOrange]

http://www.nytimes.com/2013/11/30/s...ruction-boom-in-the-pac-12.html?smid=pl-share

 

[IthacaBarrel]

I read here it all had to come from private donotation!

 

[OburgOrange]

I read here it all had to come from private donotation!

Yup

 

[rrlbees]

I read here it all had to come from private donotation!

It does. Read the whole article. Try to understand what it says. Then research how these upgrades such as the Washington St one to Martin Stadium. It's donations. What the TV money does is allows them to take on more risk. All is a pretty broad term.

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[IthacaBarrel]

It does. Read the whole article. Try to understand what it says. Then research how these upgrades such as the Washington St one to Martin Stadium. It's donations. What the TV money does is allows them to take on more risk. All is a pretty broad term.

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I knew that would get you riled up... Either way that is what it takes these days... Can't just rely on coaching EM up anymore

 

[rrlbees]

I knew that would get you riled up... Either way that is what it takes these days... Can't just rely on coaching EM up anymore

Didn't get me riled up. Just clarifying what the article really says. Stanford said it helped a little. Some schools are using it to pay down past debt. One school is planning $1b for upgrades across the board. If TV money was paying for that it would take about 51 years to pay off in my estimation. Even the WSU one that the article leads in with is not just TV funded. They have a fundraising campaign webpage like most others do. One school said in the article they raised 1/2 the funds first. It's all about risk taking and how much debt load they can take on and get. The TV money helps with both and if a project doesn't get fully funded through donations, they will take on the debt and pay it off in future years, some with the TV money. Yes SU needs some upgrades. But the IPF for example would not ever get built if there were no donations to it.

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[Moontan]

One school is planning $1b for upgrades across the board. If TV money was paying for that it would take about 51 years to pay off in my estimation.

That $1B figure was for all construction within the conference, not at one school.

 

[rrlbees]

That $1B figure was for all construction within the conference, not at one school.

Ok, misread it in my quick glance through. Doesn't change anything else.

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[chakka3421]

Ok, misread it in my quick glance through. Doesn't change anything else.

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Don't you mean, "it doesn't change anything at SU because nothing ever changes at SU because we do it SUs way only because we cannot think outside the box on anything"

 

[retro44]

I read here it all had to come from private donotation!

The new television contract allowed Washington to upgrade. It planned to put $3 million each year from television revenue into debt on capital projects other than the football stadium, which sits on Lake Washington and underwent a $280.6 renovation completed without TV money.

 

[Full_Rebar]

Utah's AD was the one who was raising 1/2 the money first...and that's because they didn't get a full revenue share immediately. Most of the schools talked about upgrades across the board.

I'm afraid SU will use the ACC money to hire 3 more Sr. Assoc AD's and pay 200k for a fencing coach.

 

[OttoinGrotto]

Look, the money's sitting right there - http://giving.syr.edu/why-give/our-endowment/

Approximately 53% of the endowment is unrestricted and provides the stable support that enables the University to respond to new challenges and opportunities.

Let's blaze a trail and open up Pandora's box in college sports. Use the endowment to fund the IPF. We'd be a pioneer. An innovator even.

 

[retro44]

Utah's AD was the one who was raising 1/2 the money first...and that's because they didn't get a full revenue share immediately. Most of the schools talked about upgrades across the board.

I'm afraid SU will use the ACC money to hire 3 more Sr. Assoc AD's and pay 200k for a fencing coach.

if gross does something like that,he would be should well advised to not cross the street.There are some crazy football fans up on the hill

 

[All4SU]

Look, the money's sitting right there - http://giving.syr.edu/why-give/our-endowment/

Approximately 53% of the endowment is unrestricted and provides the stable support that enables the University to respond to new challenges and opportunities.

Let's blaze a trail and open up Pandora's box in college sports. Use the endowment to fund the IPF. We'd be a pioneer. An innovator even.

I would certainly oppose using SU's endowment funds to build an IPF. SU should focus on education. Let us fans make donations directly to athletics if we so choose

 

[OttoinGrotto]

I would certainly oppose using SU's endowment funds to build an IPF. SU should focus on education. Let us fans make donations directly to athletics if we so choose

Understood. I completely understand that perspective.

That said, nobody should ever buy "we don't have the money" as the reason why we can't do things. We absolutely can, and it's absolutely there. Obviously that doesn't match the endowment of Harvard or Yale, but there isn't an absence of dollars. We just don't choose to use it that way.

Which is kind of interesting, isn't it? Because supposedly we'll benefit financially significantly more thanks to the ACC share, which we've earned predominantly due to the standing of our athletic program, geography, and eastern seaboard fanbase. But supposedly those dollars aren't entirely earmarked for the athletic department and won't have nearly the impact for sports that we've been hoping for as fans.

So, I ask, if we choose to withhold the endowment exclusively for academic pursuits (and we're not talking about a small amount here), why do academics get to dip their hand in the much smaller cookie jar of money generated by athletics too?

 

[All4SU]

Maybe because they own the cookie jar.

 

[chakka3421]

Understood. I completely understand that perspective.

That said, nobody should ever buy "we don't have the money" as the reason why we can't do things. We absolutely can, and it's absolutely there. Obviously that doesn't match the endowment of Harvard or Yale, but there isn't an absence of dollars. We just don't choose to use it that way.

Which is kind of interesting, isn't it? Because supposedly we'll benefit financially significantly more thanks to the ACC share, which we've earned predominantly due to the standing of our athletic program, geography, and eastern seaboard fanbase. But supposedly those dollars aren't entirely earmarked for the athletic department and won't have nearly the impact for sports that we've been hoping for as fans.

So, I ask, if we choose to withhold the endowment exclusively for academic pursuits (and we're not talking about a small amount here), why do academics get to dip their hand in the much smaller cookie jar of money generated by athletics too?

The peeps in charge on the hill are still thinking like the old BE where you don't have to spend money for football because basketball is the premier sport in the nation right?

 

[OttoinGrotto]

Maybe because they own the cookie jar.

To whose financial benefit though?

 

[rrlbees]

Utah's AD was the one who was raising 1/2 the money first...and that's because they didn't get a full revenue share immediately. Most of the schools talked about upgrades across the board. I'm afraid SU will use the ACC money to hire 3 more Sr. Assoc AD's and pay 200k for a fencing coach.

And all of them have fund raising campaigns that have raised significant amounts of money using naming rights also. Nobody, nobody says oh we have more TV money lets just buy some facilities. Nobodies BOT would approve that.

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[omniorange]

And all of them have fund raising campaigns that have raised significant amounts of money using naming rights also. Nobody, nobody says oh we have more TV money lets just buy some facilities. Nobodies BOT would approve that.

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There was a time posters referred to this board as "the smart board". :bat:

Ah, for the good old days.

Cheers,
Neil