| Posted by | Message |
CptBengal 
USA Fan
BR Baby
Member since Dec 2007
30450 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 12:10 pm to Gravitiger)
quote:
Save and invest. Like almost any good business.
When did the LSU AD become a private business. They are part of the University.
FAIL.
|
| Back to top | |
molsusports 
LSU Fan
Member since Jul 2004
22855 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 12:22 pm to Tiger Authority)
quote:
Terrible news. I won't get caught up into this thread again but I'll reiterate how absolutely ridiculous it is that we expect to stay this competitive when all our money goes to the university because they can't deal with its own budgetary mishaps.
I'm not sure why you framed it this way - the athletic department is a smaller part of the university as a whole... and the university as a whole is getting destroyed by budget cut after budget cut.
LSU is not going to be a legitimate university if this continues
|
| Back to top | |
molsusports
LSU Fan
Member since Jul 2004
22855 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 12:24 pm to Mudminnow)
quote:
Today, the state will meet this afternoon to determine how much of a shortfall the state is in and how much to cut education. It's been rumored another 200M.
|
| Back to top | |
shawnlsu
LSU Fan
Member since Nov 2011
3906 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 12:28 pm to TigerBait1127)
quote:
but right now the university needs whatever funding it can get.
When will it not?
I'm on the fence with this. Its great that we have a profitable AD, but we all know that half of this "donation" is going to get pissed away, just like $.50 of every $1 of all money that goes into all public universities.
|
| Back to top | |
Summer of George
LSU Fan
Baton Rouge
Member since Apr 2010
1670 posts
 Online
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 12:33 pm to Golfer)
I like the AD donating to the University b/c of the leverage it gives the AD -- Why do you think Hickey is back already? Don't want to kill the golden goose. 
|
| Back to top | |
Gravitiger
LSU Fan
Member since Jun 2011
2791 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 12:33 pm to CptBengal)
quote:
When did the LSU AD become a private business. They are part of the University.
FAIL.
You don't have to be a private business to be a good business. Virtually every large non-profit or public entity has savings and investments.
FAIL.
This post was edited on 12/13 at 12:43 pm
|
| Back to top | |
CptBengal
USA Fan
BR Baby
Member since Dec 2007
30450 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 12:50 pm to Gravitiger)
quote:
You don't have to be a private business to be a good business. Virtually every large non-profit or public entity has savings and investments.
THE AD IS NOT A SEPARATE ENTITY FORM THE UNIVERSITY.
quote:
FAIL.
you're really that stupid, aren't you?
Here's a hint:
Athletic
DEPARTMENT
|
| Back to top | |
Gravitiger
LSU Fan
Member since Jun 2011
2791 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 1:33 pm to CptBengal)
quote:
THE AD IS NOT A SEPARATE ENTITY FORM THE UNIVERSITY.
I never said it was, and that doesn't change anything about my point.
The university is a business, and the athletic department is one of its largest revenue generating departments. That some of the revenue the athletic department generates is retained by the athletic department for its own improvement is not wrong or amoral. It's just how the university's business model is set up.
NOW, WHY ARE WE YELLING??? LOUD NOISES!!!
This post was edited on 12/13 at 1:34 pm
|
| Back to top | |
SanFranTiger
LSU Fan
SanFran and New Orleans
Member since Sep 2003
3124 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 1:47 pm to Gravitiger)
Question that no one seems to know the answer to...
LSU's "Forever LSU" campaign just a few years ago raised $792 million that was supposed to go to the endowment. Having a $1billion endowment was supposed to guarantee we would be in a much better position financially and would not be at the mercy of the legislature.
What the hell happened to that money? Did I misunderstand the nature of the campaign?
|
| Back to top | |
KC Tiger
LSU Fan
Member since Sep 2006
1133 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 1:48 pm to CptBengal)
quote:
why not donate 100% of the profits? Aren't profits the money left over after realizing operating costs? Why do they need to keep, "profits"
Can you say, "rainy day"?
|
| Back to top | |
CptBengal
USA Fan
BR Baby
Member since Dec 2007
30450 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 1:59 pm to Gravitiger)
quote:
The university is a business,
yes, the University is a business. The AD is part of the University.
quote:
and the athletic department is one of its largest revenue generating departments.
so do you believe each department, like biological sciences and OEVS should also keep their profits from grants? Afterall, they raise WAY more money from grants than does the AD.
quote:
That some of the revenue the athletic department generates is retained by the athletic department for its own improvement is not wrong or amoral
lulzy. Money is best made to make more money if you have more of it. Think velocity of money as it relates to equations of scale. Why would you willingly divide such finances when pat of your organization is underwater?
quote:
It's just how the university's business model is set up.
Link to that business model?
|
| Back to top | |
CptBengal
USA Fan
BR Baby
Member since Dec 2007
30450 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 2:01 pm to KC Tiger)
quote:
Can you say, "rainy day"?
Maybe you missed where the ENTIRE University is underwater.
You know the organization that houses and makes the AD exist?
|
| Back to top | |
Elleshoe 
McNeese State Fan
Waterproof, La
Member since Jun 2004
116048 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 2:03 pm to CptBengal)
the football team should set up a kiss booth if they're a girl to help the university
|
| Back to top | |
CptBengal
USA Fan
BR Baby
Member since Dec 2007
30450 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 2:06 pm to Elleshoe)
quote:
the football team should set up a kiss booth if they're a girl to help the university
you seem to have some insane belief the football team and the University are partners.
Why would an educated man hold such an insane belief?
|
| Back to top | |
junkfunky
LSU Fan
I can't find my village
Member since Jan 2011
9795 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 2:14 pm to Tiger Authority)
quote:
Tiger Authority
What do you want the AD to do with the surplus? Can the quidditch team finally get some brooms that actually fly?
|
| Back to top | |
junkfunky
LSU Fan
I can't find my village
Member since Jan 2011
9795 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 2:18 pm to Golfer)
quote:
While I understand what you are saying, TA is making a valid point that the University should pursue better methods of overcoming the budget shortfall instead of effectively raiding the Athletic Department.
Which they are. Did you see the thread on the OT? LSU academics aren't allegorical to the 47% TA's trying to paint them as.
|
| Back to top | |
Golfer
LSU Fan
Coral Bay, St. John, USVI
Member since Nov 2005
47456 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 2:26 pm to CptBengal)
quote:
you seem to have some insane belief the football team and the University are partners.
Do you know what Alleva's title reads?
|
| Back to top | |
Gravitiger
LSU Fan
Member since Jun 2011
2791 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 2:36 pm to CptBengal)
quote:
yes, the University is a business. The AD is part of the University.
We agree here.quote:
so do you believe each department, like biological sciences and OEVS should also keep their profits from grants? Afterall, they raise WAY more money from grants than does the AD.
Those departments use their grant money to fund their research, just like the athletic department uses its revenue to fund its espenses. The difference is the athletic department has money left over after its expenses, whereas the other departments don't. IF profits are made from that research by the biology or whatever department, yes, I think they should get to keep some of it, if they are saving it and re-investing it into their own future improvements, as the athletic department is.quote:
lulzy. Money is best made to make more money if you have more of it. Think velocity of money as it relates to equations of scale. Why would you willingly divide such finances when pat of your organization is underwater?
Because the academic administrators clearly don't know how to raise and manage their money, while the athletic administrators do. That's part of why the academic side is underwater and the athletic side is booming. If the AD donated all their money to the university there wouldn't be anything left over for capital improvements, rainy day fund, etc. The university sure as hell isn't gonna give it back to them, because it won't be there anymore. It will already be spent.quote:
Link to that business model?
You know there's no link, smartass. But clearly that is how it works in practical terms. Even you can acknowledge that. That's why we are arguing. You don't think it should work the way it does in real life.
This post was edited on 12/13 at 2:49 pm
|
| Back to top | |
Keys Open Doors 
Duke Fan
Member since Dec 2008
19408 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 2:41 pm to Gravitiger)
quote:
Because the academic administrators clearly don't know how to manage their money, while the athletic administrators do. That's why the academic side is underwater and the athletic side is booming.
The administrators hands are so tied down, it isn't even funny. They can't raise tuition behind a trivial amount, they can't let go of their faculty other than instructors making a fairly trivial amount, and their universities are basically the first line of cuts anytime the state has financial difficulties.
|
| Back to top | |
Gravitiger
LSU Fan
Member since Jun 2011
2791 posts
| re: LSU Athletic Department donated 45% of its 2012 profits to the University (Posted on 12/13/12 at 2:44 pm to Keys Open Doors)
quote:
The administrators hands are so tied down, it isn't even funny. They can't raise tuition behind a trivial amount, they can't let go of their faculty other than instructors making a fairly trivial amount, and their universities are basically the first line of cuts anytime the state has financial difficulties.
The university has a huge development team that is largely inefficient and ineffective. I realize people get off more donating to athletics than academics, but there is private money out there that is not being taken advantage of.
Before I saw this, I also made and edit above to acknowledge that mismanagement is clearly not the only reason for the university's financial struggles.
This post was edited on 12/13 at 2:46 pm
|
| Back to top | |
