Started By
Message

re: Goodness Gracious, whats the total LSU is paying in buyouts? And is Woodward good at this?

Posted on 10/20/21 at 10:41 am to
Posted by geauxcoco
Greenville, SC
Member since Apr 2007
11019 posts
Posted on 10/20/21 at 10:41 am to
So what you’re telling me is we are going to end up paying an extra 30 million for 2019? Fine with it
Posted by deuce985
Member since Feb 2008
27660 posts
Posted on 10/20/21 at 10:46 am to
This but they'll have no problem increasing prices using this as an excuse.
Posted by RD Dawg
Atlanta
Member since Sep 2012
27289 posts
Posted on 10/20/21 at 11:29 am to
quote:

The football program makes $150,000,000 a year. Who gives a frick


Do what?

Your athletic dept. made $160 million+ in revenues and $155 million+ in expenditures in fiscal 2019/2020

That's not "making $150 million"

quote:

but $30,000,000 isn’t significant to our athletic department


Of course it is.Its significant to every big time athletic dept unless you have a Phil Knight who kicks in $100 million occasionally.
This post was edited on 10/20/21 at 12:24 pm
Posted by misey94
Hernando, MS
Member since Jan 2007
23326 posts
Posted on 10/20/21 at 11:42 am to
quote:

Stupid....the word you are looking for is stupid


Yeah, that too unfortunately.
Posted by J2thaROC
Member since May 2018
12999 posts
Posted on 10/20/21 at 11:44 am to
Who cares. A national championship will pay for that 100 times.
Posted by yimbeaux
Texas
Member since Nov 2014
1856 posts
Posted on 10/20/21 at 11:44 am to
quote:

Someone please settle my fears


would a downvote do the trick?
Posted by J2thaROC
Member since May 2018
12999 posts
Posted on 10/20/21 at 11:47 am to
Buyouts don’t come from that fund. ??
Posted by joe2679
Member since Nov 2015
626 posts
Posted on 10/20/21 at 12:35 pm to
Boosters pay buyouts. I'll never understand why so many people choose to open their mouths before doing a little research.
Posted by Sebourne Klein
Member since Aug 2021
576 posts
Posted on 10/20/21 at 1:17 pm to
quote:

PoppaD


quote:

Someone please settle my fears and convince me that the man pulling the strings (Woodward) is actually good at this.


You sound like MommaD.
Do you want people second guessing how you pour and smooth concrete all day? Especially some suit that pushes pencils all day in the corporate world? Then stand aside and quit doubting the people that do this for a living, have the details on what the previous contracts allow or don't allow him to do, what that $17mm is actually buying. Then stop worrying about other peoples money and how they spend it. Sometimes you gotta spend money to make money.
Posted by D500MAG
Oklahoma
Member since Oct 2010
3735 posts
Posted on 10/20/21 at 1:40 pm to
quote:

Our fanbase is so damn cheap and short-sighted.



It's the way of the south.......steppin over dollars to pick up dimes
Posted by PoppaD
Texas
Member since Feb 2008
4866 posts
Posted on 10/20/21 at 2:24 pm to
quote:

Then stand aside and quit doubting the people that do this for a living, have the details on what the previous contracts allow or don't allow him to do, what that $17mm is actually buying. Then stop worrying about other peoples money and how they spend it. Sometimes you gotta spend money to make money.


Yep, LSU has to spend money to cover up its coaching hire mistakes. I do have doubt in the Admin's direction, when the same year the Athletic Department asked staff to take a 5% pay decrease, let staff go, froze new hires until 2023, and went begging hat in hand to boosters because of the Covid shortfall, is the same year he made this move.

Hey Sebourne Klein, don't bitch next time ticket prices go up, parking fees go up, concessions go up, and Taf reaches out to raise more money. Just open your wallet when the cost to attend a game continues to climb.
This post was edited on 10/20/21 at 2:30 pm
Posted by RD Dawg
Atlanta
Member since Sep 2012
27289 posts
Posted on 10/20/21 at 2:30 pm to
quote:

Boosters pay buyouts


It most cases they do but $30 million is a bit steep for any school and its boosters.

Any idea who these guys are that are picking up the $30 million tab?
first pageprev pagePage 3 of 3Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram