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LSU in Financial Problems??????
Posted on 4/13/09 at 11:51 am
Posted on 4/13/09 at 11:51 am
Does this affect the 3 new coach's contracts on the Football team that haven't been signed yet?
This post was edited on 4/13/09 at 11:56 am
8
Posted on 4/13/09 at 11:52 am to BayAreaTigerFan
Athletics are fine. 
Posted on 4/13/09 at 11:52 am to BayAreaTigerFan
(no message)
This post was edited on 4/13/09 at 1:05 pm
Posted on 4/13/09 at 11:53 am to BayAreaTigerFan
Most of athletic's funds come from TAF, which is separate from the actual university
Posted on 4/13/09 at 11:54 am to GarmischTiger
It should, but of course athletics are fine, but really who on here actually cares about the academics of LSU
Posted on 4/13/09 at 11:55 am to GarmischTiger
Posted on 4/13/09 at 11:56 am to BayAreaTigerFan
Are the new coaches officially signed yet?
Posted on 4/13/09 at 12:09 pm to BayAreaTigerFan
All SEC schools should be fine
SEC athletic department budgets: Growing and growing
LINK
As long as they are wise stewards of the money LSU should be fine
SEC athletic department budgets: Growing and growing
LINK
As long as they are wise stewards of the money LSU should be fine
Posted on 4/13/09 at 12:12 pm to bayourant
quote:
SEC athletic department budgets: Growing and growing
The plan, at last I read was for LSU Athletics to hit up the SEC for any financial needs, based on when their new ESPN deal kicks in
In short LSU Athletics will be fine; they will be effected, to some degree, by the state budget cuts and TAF support likely being the same or slightly low, due to the economy; BUT they can just ask the SEC for some help.
Unfortunately the Academic side of the institute doesn't have this luxury so all of us in college will be paying more and getting less to help; but really, what else is new?
Posted on 4/13/09 at 12:23 pm to lsudiva2010
one of the main reasons why o'keefe was hired was to raise money. one of the main reasons why alleva was hired was to balance the books. if you put those two together, you should see that someone, somewhere thinks that lsu's athletic situation needs serious reform. from what i understand, the athletic dept is in significant debt. also, alleva is doing a good job to change that.
Posted on 4/13/09 at 12:32 pm to bfniii
quote:
one of the main reasons why o'keefe was hired was to raise money. one of the main reasons why alleva was hired was to balance the books. if you put those two together, you should see that someone, somewhere thinks that lsu's athletic situation needs serious reform. from what i understand, the athletic dept is in significant debt. also, alleva is doing a good job to change that.
Well I would love to see this article because I have a hard time seeng how the Atheltic Department can be in significant debt
There is debt and debt. For instance while Capital improvements may be debt and it is not really the same. I mean Alabama is about to go on an 80 million dollar expansion of their stadium
That will no doubt entail some debt but the financial health looks fine overall.
Posted on 4/13/09 at 12:41 pm to bayourant
Posted on 4/13/09 at 12:52 pm to bayourant
quote:this is coming from people who work in the ath dept. they could all be wrong, but what they are saying is not far-fetched. lsu has incurred substantial bills from all of the expansion and renovation of facilities. thank goodness for taf.
I have a hard time seeng how the Atheltic Department can be in significant debt
Posted on 4/13/09 at 12:54 pm to bayourant
quote:
a good article in the Revelie
that is a contradiction in terms, at the very least an oxymoron
Posted on 4/13/09 at 12:55 pm to bfniii
Those TAF fees that everyone bitches about is paying for that pretty stadium out there.
You get what you pay for???
You get what you pay for???
Posted on 4/13/09 at 12:56 pm to bfniii
I know some of you forget that people actually attend LSU for an education, so in this question, LSU is in serious FINANCIAL TROUBLE, they are cutting over 50 million dollars of the university!!! Which includes millions of dollars in scholarship for students who come here that under normal circumstances couldn't. So with that being said, would anybody actually donate to LSU, and not TAF, b/c a donation to TAF is NOT a donation to LSU in my eyes
Posted on 4/13/09 at 12:58 pm to mlttiger
quote:
I know some of you forget that people actually attend LSU for an education, so in this question, LSU is in serious FINANCIAL TROUBLE, they are cutting over 50 million dollars of the university!!! Which includes millions of dollars in scholarship for students who come here that under normal circumstances couldn't. So with that being said, would anybody actually donate to LSU, and not TAF, b/c a donation to TAF is NOT a donation to LSU in my eyes
Yeah, thats what kinda angers me, LSU Athletics can go get help from the SEC ... that's a luxury the college itself doesn't have ... in a sense, we're all screwed
Posted on 4/13/09 at 1:00 pm to mlttiger
quote:
So with that being said, would anybody actually donate to LSU, and not TAF, b/c a donation to TAF is NOT a donation to LSU in my eyes
It is a balance. I saw that South Carolina tranfered some of their funding to the general fund
It should be noted that Skip is working on the fundraising for non atheltics too
Posted on 4/13/09 at 1:02 pm to bayourant
Facilities should be paid for, PMAC, Tiger Stadium, football brings in gazillions? Just sayin. If the recession turns around soon it shouldn't be a problem.
Posted on 4/13/09 at 1:05 pm to bayourant
quote:
It is a balance. I saw that South Carolina tranfered some of their funding to the general fund
It should be noted that Skip is working on the fundraising for non atheltics too
I'm usually not a big Notre Dame fan, but LSU needs to follow them in this. Notre Dame allows people access to tickets by making a donation to ANY PART of the school to count, instead of the 100 dollar TAF requirement which only goes to TAF not the school, that is in SERIOUS TROUBLE!!
And I think we need to make cuts on the athletics side when a COLLEGE is messing around with people's scholarships and there ability to OBTAIN HIGHER EDUCATION, and sorry guys but that is more important than any football game
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