LSU Athletic Department donated 45% of its 2012 profits to the University - Page 2 - TigerDroppings.com

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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:

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



I'm well aware of the shitiness that is LSU A&M






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LouisianaLonghorn
LSU Fan
Austin, Texas
Member since Jan 2006
5363 posts

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


quote:

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.


This. We've been saying this for a long time and nothing has changed.






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NathanL
LSU Fan
Member since Nov 2012
354 posts

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


Saw an article earlier this week where Tenn. was stopping their $6 million contribution from the AD to the university for the next 3 years in an effort to shore up the athletic department I guess.

I guess the story is don't get too dependant on it.



This post was edited on 12/12 at 11:16 pm


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SabiDojo
South Alabama Fan
Open to any suggestions.
Member since Nov 2010
37348 posts

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


I hope the majority of this money goes to actual academic use as opposed to things such as "administrative costs" and the sort.

LSU is a school that needs a better academic reputation. It should be the goal of the University to break the Top 100.






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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


quote:
so you would continue to let the university die?[/quote]

LSU admin should turn to the Stanford Business school and ask for an evaulation/plan to make money. If anyone thinks that LSU or most schools are edjumakiting students ...well lookie here I gotsa a bridge.

How many get degrees in General Studies..etc..worthless in the real world. Look under any job site and see if LSU is graduating enough or training enough to get A JOB.

kinda the purpose right, besides tapping sluts/doing blow...which you can do better/more with a job

prevent defense: Yes, I know not all degrees worthless at LSU - no shite.

But if something is not working- find a plan and just do it for Christ's sake...



This post was edited on 12/12 at 11:52 pm


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quail man
New Orleans Pelicans Fan
New York, NY
Member since May 2010
25353 posts

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


what in the frick are you talking about, dude?





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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


let
quote:

what in the frick are you talking about, dude?


let me guess.. you have a General studies degree?






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LSUsCRYSTALball
LSU Fan
Member since Dec 2012
1702 posts

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


Thank you.this is very necessary.

No money = no students = no sports

Love lsu. Academics are first







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cas4t
New Orleans Saints Fan
Member since Jan 2010
26675 posts

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


wut





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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


OK..here you go

LSU athletics keeps all the moula and keeps the mack truck rolling

then...
LSU admin gets a NEW business model...cause the one they have now SUCKS






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YouthInAsia
Florida State Fan
Member since May 2008
571 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 it's a college professor's job to turn a profit for the university? Oh, sorry, my mistake. I always thought it was to educate students in the not-for profit environment that a state university is supposed to be set up to be.






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GFunk
LSU Fan
Denham Springs
Member since Feb 2011
8528 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 raping LSU Fans..






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Raz
LSU Fan
PMs with LLotOTs
Member since Oct 2006
5325 posts

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


quote:

So it's a college professor's job to turn a profit for the university? Oh, sorry, my mistake. I always thought it was to educate students


not sure if serious...



This post was edited on 12/13 at 7:08 am


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TheDoc
LSU Fan
doc is no more
Member since Dec 2005
99297 posts

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


quote:

Oh, sorry, my mistake. I always thought it was to educate students in the not-for profit environment that a state university is supposed to be set up to be.


Where does the money come from?






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tigerfan in bamaland
LSU Fan
Behind enemy lines
Member since Sep 2006
29941 posts

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


quote:

Where does the money come from?


magic






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Bigsike
Nicholls St. Fan
Member since Jan 2009
1357 posts

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


Their funding is being cut by the state but they are not allowed to charge what they want for tuition. To make up the difference you either cut people, close programs/departments or you accept money from athletics. This is no different from what is going on at every school around the state.

If the bill to allow universities to bring tuition up to the southern region averages passes you will start to see our universities thriving again.

This will trickle down to your pockets eventually as your kids will be paying more for tuition.

Pick your poison



This post was edited on 12/13 at 7:59 am


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the LSUSaint
LSU Fan
Member since Nov 2009
5209 posts

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


My question about the money is this: Where does the rest of the "profits" go?

It says that the AD is giving 45% of the PROFITS to the university academic side. I would assume that is net profits. Which would also lead one to assume that ALL expenses for the athletics were taken out before the split.

IF that is the case, why is it only 45% and where does the other 55% go if all athletic expenses were paid before the split?

Not flaming, just wondering what goes on with profits from those who might really know.



This post was edited on 12/13 at 8:17 am


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Tiger2763
Member since Aug 2011
264 posts

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


Officials from BR to Washington have forgotten how to control themselves and not spent money they don't have.

Everyone, well most people, know how to do it when it's their own money. But somehow when it's other peoples money they are responsible for, they spend like 'drunk sailors' and go crazy.

What is it going to take for these people to learn to not spend money the do not have?






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Bigsike
Nicholls St. Fan
Member since Jan 2009
1357 posts

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


I would have to assume that the money is saved for capital projects or if they have to fire a coach. :)

I am sure it is reinvested in the department some kind of way.



This post was edited on 12/13 at 8:26 am


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Alt26
LSU Fan
Member since Mar 2010
3392 posts

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


It's great that LSU (Athletics) is in a position to help LSU (Academics). However, one of the potential problems I see is that all (public) universities in Louisiana are facing budgets shortfalls and cuts, and not all have a profit generating athletic dept. to get extra funding from. What happens when the UL's, McNese, NSU, etc. complain that it's unfair that their schools have to make cuts while LSU is supplemented by the athletic dept.? It's feasable that the legislature will look to send more tax dollars their way (away from LSU). LSU will then become reliant on the supplemental fuding from the AD for their annual budget, not just a temporary life-line in a tough economic climate.





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