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re: If Saban's raise could bankrupt Bama, what happens to LSU when Miles wins a NC
Posted on 12/13/13 at 3:14 pm to Topwater Trout
Posted on 12/13/13 at 3:14 pm to Topwater Trout
quote:
we will fire him
And hire just about anybody else because we all know that any decent high school coach can win NCs at LSU with all that Louisiana talent.
0
Posted on 12/13/13 at 3:14 pm to nicholastiger
Why all thr hostility? Can't we all just enjoy my gif?
Posted on 12/13/13 at 3:15 pm to NATidefan
quote:
Doesn't really matter if his raise it at texas or UA, now does it?
Actually it does. His contract says he'll be the highest paid coach in the conference if he wins another one.
Posted on 12/13/13 at 3:15 pm to NATidefan
LSU will probably rework his contract or something. Contracts aren't set in stone. I wonder who will ask this question tomorrow.
Posted on 12/13/13 at 3:16 pm to NATidefan
quote:
Isn't it in his contract that he is to become the highest paid coach by a dollar if he wins a NC?
So very rustled.
Posted on 12/13/13 at 3:19 pm to NATidefan
LSU is struggling to pay Miles's salary as it stands now.
LSU suffered the worst budget cuts of any school in the country thanks to Bobby Jindal. Athletics had to step in and take over many academic financial obligations and agree to pay $7Million/year to academics.
LSU Board of supervisors is meeting as we speak about football ticket increase and parking fees.
LSU doesn't have nearly the resources as Bama
LSU suffered the worst budget cuts of any school in the country thanks to Bobby Jindal. Athletics had to step in and take over many academic financial obligations and agree to pay $7Million/year to academics.
LSU Board of supervisors is meeting as we speak about football ticket increase and parking fees.
LSU doesn't have nearly the resources as Bama
Posted on 12/13/13 at 3:19 pm to X
quote:
I love hearing LSU fans call Bama poor while ignoring the fact that Bama's endowment is 300 million more than theirs.
I looked it up. Alabama's endowment is 630 million. Not sure how much money is in LSU's endowment??
Posted on 12/13/13 at 3:24 pm to touchdownjeebus
quote:
I know this is going to be a shock to you gump, but UA is not some stratosphere of higher learning and high finance. LSU and UA are on about the same playing field, and that field is not Tejas.
pretty much this
also, the subject was previously covered on this board after someone heard it broached on Finnebaum. One of the nuggets from that thread was Miles' pay may only be raised to the 1 dollar more compared to other coaches in the SEC. I don't know if that is true and FWIW I think both LSU and Alabama would be financially at risk if they start throwing money around as if they were Texas and money were no object.
Posted on 12/13/13 at 3:25 pm to tiger perry
quote:
Not sure how much money is in LSU's endowment??
Somewhere between $300 million and $330 million (the most recent numbers I saw, anyway) - probably closer to the $330 million, currently.
That gap quoted is probably accurate.
But, keep in mind, this discussion is about football money - Bama still has more, but the gap is a lot closer in football money - programs are roughly equivalent. There is revenue sharing, we have a big, sold out stadium, television money, etc., relative parity.
Posted on 12/13/13 at 3:25 pm to NATidefan
LSU hasn't won a title without Saban's players since the 1950's, zero chance of Miles winning another there.
Posted on 12/13/13 at 3:25 pm to touchdownjeebus
quote:I gave you an upvote. Just felt right.
LSU could never pay as much as the gumps...
NEVER!!!
I know this is going to be a shock to you gump, but UA is not some stratosphere of higher learning and high finance. LSU and UA are on about the same playing field, and that field is not Tejas.
Posted on 12/13/13 at 3:27 pm to Ace Midnight
quote:
Somewhere between $300 million and $330 million (t
that does not sound right. Thought I read somewhere where LSU's total endowment was in the 600 to 700 million dollar range.
Posted on 12/13/13 at 3:34 pm to tiger perry
LSU's endowment 2 years ago was 692 million so LSU and Alabama are in the comparable ranges in regards to endowments...
Posted on 12/13/13 at 3:34 pm to tiger perry
quote:
that does not sound right. Thought I read somewhere where LSU's total endowment was in the 600 to 700 million dollar range.
Because you said something, I've either been looking at old numbers or one of the sub-numbers - LSU foundation says ~$570 million.
LSU Foundation
Posted on 12/13/13 at 3:36 pm to tiger perry
quote:
LSU's endowment 2 years ago was 692 million so LSU and Alabama are in the comparable ranges in regards to endowments...
That's the entire system's number - but Bama's is almost $1 billion.
Posted on 12/13/13 at 3:37 pm to X
quote:
I love hearing LSU fans call Bama poor while ignoring the fact that Bama's endowment is 300 million more than theirs.
You do realize that it was illegal due to state law for LSU to have an endowment until very recently.
If anything, LSU's endowment is very very impressive considering it's only had a couple of decades to compound interest.
Posted on 12/13/13 at 3:39 pm to Ace Midnight
Bama's is part of a system as well. Their system is UAB and UAH(Huntsville) that comprise that system
Posted on 12/13/13 at 3:39 pm to NATidefan
We got that acme oyster house money. You can't even fathom how deep the pockets of the chargrilled barons are.
Posted on 12/13/13 at 3:40 pm to Topwater Trout
quote:
we will fire him
Ok, yeah, I laughed IRL at that.
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