LSU Athletic Department donated 45% of its 2012 profits to the University | TigerDroppings.com

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Golfer
LSU Fan
Coral Bay, St. John, USVI
Member since Nov 2005
56860 posts

LSU Athletic Department donated 45% of its 2012 profits to the University


quote:

According to Mark Ewing, the LSU athletic department’s chief financial officer, LSU’s $18.3 million profit came before the department donated approximately $8.2 million to the academic side of the university.


Incredible. And yet people will still complain about the state of affairs between the AD and University.

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LSUzealot
New Orleans Saints Fan
Napoleon and Magazine
Member since Sep 2003
52644 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University








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TN Bhoy
USA Fan
Sketty, Wales
Member since Apr 2010
42656 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


Fire Les, Javi, Mainieri, Stud, Alleva, and Jindal





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Tmacelroy12
LSU Fan
Houston
Member since Aug 2012
5489 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


Damn, not too bad of gig that LSU





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Tiger Authority
LSU Fan
Member since Jul 2007
29475 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


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.





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TigerBait1127
New Orleans Saints Fan
Baton Rouge, LA
Member since Jun 2005
30795 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


As they should. It is nice having a financially stable and independent Athletic Department





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TulemTiger
LSU Fan
New Orleans
Member since Dec 2012
80 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


Put the $8.2 million into the Men's BB team and we can turn January - March into more fun, be top Ten, and generate more profits..like KU, Duke..etc...

I don't like subsidizing shitty planning by politicians and lazy professors...

And Yes , I give huge amounts of money to LSU..so huge I feel for my family/friends safety if I announce the dollar amount






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TigerBait1127
New Orleans Saints Fan
Baton Rouge, LA
Member since Jun 2005
30795 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


quote:

I don't like subsidizing shitty planning by politicians and lazy professors...



so you would continue to let the university die?






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Tiger Authority
LSU Fan
Member since Jul 2007
29475 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


quote:

so you would continue to let the university die?


Yes, let's just redistribute the wealth into mediocrity to the detriment of the athletic program's continued success.






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lsufan251875
LSU Fan
Member since Jul 2008
2297 posts
 Online 

re: LSU Athletic Department donated 45% of its 2012 profits to the University


The only problem is that the University is going to start to depend on these donations from the AD.

When the AD doesn't make as much money (LSU/SEC down period in football), the University is going to end up several million under budget.

Yes, they are going to say they don't budget for it, but show me a single person who doesn't count on a Christmas bonus (if they get one every year).






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Tiger Authority
LSU Fan
Member since Jul 2007
29475 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


And posters complain about why the scoreboard is full of ads.





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lsu13lsu
LSU Fan
Member since Jan 2008
1923 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


How does the saying go? You should never throw good money after bad.







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lsutigermall
LSU Fan
Battle Creek, Michigan
Member since Nov 2006
2349 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University








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ragincajunkarl
LSU Fan
Baton Rouge
Member since Dec 2012
568 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


Should have been at least 46%. I'm complaining.

But that is pretty sweet. Big bucks coming LSU's way.






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MFn GIMP
LSU Fan
Owensboro, Kentucky
Member since Feb 2011
8532 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


quote:

Yes, let's just redistribute the wealth into mediocrity to the detriment of the athletic program's continued success.


LSU has one of the only Athletic Departments that actually turns a profit. We aren't screwing up our Athletic Department by donating some of that profit to the college that every single athlete at LSU attends.






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TigerBait1127
New Orleans Saints Fan
Baton Rouge, LA
Member since Jun 2005
30795 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


quote:

Yes, let's just redistribute the wealth into mediocrity to the detriment of the athletic program's continued success.



has the athletic department been negatively impacted? I've yet to see that. It looks like we're putting new facilities left and right.

The Athletic Department is nothing without the university.






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Golfer
LSU Fan
Coral Bay, St. John, USVI
Member since Nov 2005
56860 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


quote:

LSU has one of the only Athletic Departments that actually turns a profit. We aren't screwing up our Athletic Department by donating some of that profit to the college that every single athlete at LSU attends.



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.






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TigerBait1127
New Orleans Saints Fan
Baton Rouge, LA
Member since Jun 2005
30795 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


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 is an obvious point, but right now the university needs whatever funding it can get.






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Golfer
LSU Fan
Coral Bay, St. John, USVI
Member since Nov 2005
56860 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


quote:

but right now the university needs whatever funding it can get.


To be fair there is still significant waste at LSU A&M.






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Keys Open Doors
Duke Fan
Member since Dec 2008
22875 posts

re: LSU Athletic Department donated 45% of its 2012 profits to the University


Well nothing short of an amendment to the state constitution (or the elimination of redundant fourth-tier directional schools and HBCUs) is going to have that kind of significant impact on the budget of LSU.





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