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Athletics transfers $10 Million+ to University this FY
Posted on 7/20/15 at 9:23 am
Posted on 7/20/15 at 9:23 am
LINK
This post was edited on 7/20/15 at 9:24 am
9
Posted on 7/20/15 at 9:25 am to GeorgeReymond
quote:
The athletic department has contributed a total of $43.5 million to the LSU-Baton Rouge campus over the past five fiscal years.
Posted on 7/20/15 at 9:36 am to kmcmah1
I love those who use the 'academic programs are getting cut but we're paying coaches millions!' argument.
I know right then I'm speaking to a dumbass.
I know right then I'm speaking to a dumbass.
Posted on 7/20/15 at 9:40 am to GeorgeReymond
Every million dollar that LSU gives back to LSU above what Bama gives back to Bama equals 1 point in the ball game.
So if Bama doesn't give back anything to Bama then LSU starts out with a 10 point lead.
So if Bama doesn't give back anything to Bama then LSU starts out with a 10 point lead.
Posted on 7/20/15 at 9:52 am to JETigER
I'm glad bama doesn't live in my head.
Sheesh man
Sheesh man
Posted on 7/20/15 at 9:52 am to JETigER
huh?
Posted on 7/20/15 at 9:54 am to GeorgeReymond
Posted on 7/20/15 at 9:59 am to GeorgeReymond
quote:it should be $0!!!!!!!!!!!!!!
Athletics transfers $10 Million+ to University this FY
Posted on 7/20/15 at 10:17 am to JETigER
quote:
Every million dollar that LSU gives back to LSU above what Bama gives back to Bama equals 1 point in the ball game.
So if Bama doesn't give back anything to Bama then LSU starts out with a 10 point lead.
AAAAALLLLLLAAAAAAAABBBBBBBBAAAAAAAAMMMMMMMMAAAAAAAA
Posted on 7/21/15 at 6:13 am to Sandy_Ash
Am I correct saying this? LSU is the only football program in FBS that receives no state tax payer money and also gives money back to the university?
Posted on 7/21/15 at 6:19 am to OU812
No state university should use state funds ( Taxpayer dollars) for athletics.
Posted on 7/21/15 at 6:34 am to Sandy_Ash
So you think that the athletic department isn't part of the university? The department owes its existence to the university. The money generated by the department is in fact university money, not the athletic department's money. I am glad we have a department that generates revenue. Kudos to the department. And I am glad it transfers money back to the university, but make no mistake, all of the money generated is university money. These transfers are not gifts or donations.
Posted on 7/21/15 at 6:39 am to OU812
quote:
Am I correct saying this? LSU is the only football program in FBS that receives no state tax payer money and also gives money back to the university?
I heard Alleva say there was one other school, but didn't name the university. He did say we're the only SEC school. According to USA Today, there are only 6 other athletic departments that are truly self-funded like LSU.
Posted on 7/21/15 at 6:44 am to tigerinridgeland
quote:
So you think that the athletic department isn't part of the university? The department owes its existence to the university. The money generated by the department is in fact university money, not the athletic department's money. I am glad we have a department that generates revenue. Kudos to the department. And I am glad it transfers money back to the university, but make no mistake, all of the money generated is university money. These transfers are not gifts or donations.
So why aren't all the schools doing this? The responsibility for funding a public institution falls on the state, students and alums. Sadly, the state of Louisiana and LSU alums have failed miserably. Less than 11% of LSU alums donate anything back to their school. Shameful...
Posted on 7/21/15 at 8:02 am to JustSmokin
Unfortunately the students will be the last ones to receive any benefit from this money. The admin increases salaries, funds their self gratification agendas and depends more and more on governmental funding as these areas expand. Meanwhile tuition expenses increase more than health care expenses.
Posted on 7/21/15 at 8:36 am to tigerinridgeland
quote:
These transfers are not gifts or donations.
If the money comes from TAF it is certainly a donation or gift.
Posted on 7/21/15 at 8:39 am to JETigER
quote:
Every million dollar that LSU gives back to LSU above what Bama gives back to Bama equals 1 point in the ball game.
So if Bama doesn't give back anything to Bama then LSU starts out with a 10 point lead.
Great. Further proof that Rantards can take ANY thread an turn it into something that involves Alabama.
Posted on 7/21/15 at 9:37 am to GeorgeReymond
OK, I will be the contrarian here. Aleva should concentrate on winning the athletics arms race. It is Jindal's job to see to it that higher education is properly funded.
Posted on 7/21/15 at 9:56 am to GeorgeReymond
Athletics is an arms race in the SEC. If Athletics keeps giving such large donations can they keep up or stay middle of the pack in terms of facilities?
Maybe with a new governor, higher education will be properly funded and allowed to prosper again.
Maybe with a new governor, higher education will be properly funded and allowed to prosper again.
Posted on 7/21/15 at 11:00 am to geauxpurple
quote:
athletics arms race
"Mutually Assured Construction"
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