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Started By
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LSU Athletic Department donated 45% of its 2012 profits to the University
Posted on 12/12/12 at 9:49 pm
Posted on 12/12/12 at 9:49 pm
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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Posted on 12/12/12 at 9:51 pm to Golfer
Posted on 12/12/12 at 9:51 pm to Golfer
Fire Les, Javi, Mainieri, Stud, Alleva, and Jindal
Posted on 12/12/12 at 9:55 pm to Golfer
Damn, not too bad of gig that LSU
Posted on 12/12/12 at 10:04 pm to Golfer
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.
Posted on 12/12/12 at 10:04 pm to Golfer
As they should. It is nice having a financially stable and independent Athletic Department
Posted on 12/12/12 at 10:05 pm to Tmacelroy12
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
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
Posted on 12/12/12 at 10:06 pm to TulemTiger
quote:
I don't like subsidizing shitty planning by politicians and lazy professors...
so you would continue to let the university die?
Posted on 12/12/12 at 10:14 pm to TigerBait1127
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.
Posted on 12/12/12 at 10:19 pm to Tiger Authority
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).
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).
Posted on 12/12/12 at 10:21 pm to lsufan251875
And posters complain about why the scoreboard is full of ads.
Posted on 12/12/12 at 10:21 pm to Golfer
How does the saying go? You should never throw good money after bad.
Posted on 12/12/12 at 10:35 pm to Golfer
Posted on 12/12/12 at 10:38 pm to Golfer
Should have been at least 46%. I'm complaining.
But that is pretty sweet. Big bucks coming LSU's way.
But that is pretty sweet. Big bucks coming LSU's way.
Posted on 12/12/12 at 10:42 pm to Tiger Authority
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.
Posted on 12/12/12 at 10:45 pm to Tiger Authority
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.
Posted on 12/12/12 at 10:45 pm to MFn GIMP
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.
Posted on 12/12/12 at 10:46 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 is an obvious point, but right now the university needs whatever funding it can get.
Posted on 12/12/12 at 10:47 pm to TigerBait1127
quote:
but right now the university needs whatever funding it can get.
To be fair there is still significant waste at LSU A&M.
Posted on 12/12/12 at 10:52 pm to Golfer
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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