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re: Scott Woodward is ending the LSU funds transfer policy

Posted on 7/29/19 at 11:12 am to
Posted by 1999
Where I be
Member since Oct 2009
29165 posts
Posted on 7/29/19 at 11:12 am to
the stones on Woody . He is truly untouchable
Posted by MightyYat
New Orleans
Member since Jan 2009
24507 posts
Posted on 7/29/19 at 11:12 am to
quote:

This is a misstep from Woodward.

Bad timing for this.


Oh well. F. King better get a leash on his professors next time they go tweeting things at the king of that campus. You swing at the king you bess not miss.
This post was edited on 7/29/19 at 11:14 am
Posted by Ignignot
Member since Mar 2009
18823 posts
Posted on 7/29/19 at 11:14 am to
quote:

This is a misstep from Woodward.

Bad timing for this.


You have no tact in running a massive organization.

What Woodward is doing is saying we wont blindly through money over to the academic side to let the loons spend as they please.

He elaborated that they will help with special projects and buildings.

So the message to the academic side is..spell out and map out where the needs are and on and project by project basis athletics will contribute.

What this does is set a chain of accountability for monies in place that will ultimately benefit both sides.

What this says....is that Woodward is THE CEO in this bitch.
This post was edited on 7/29/19 at 11:16 am
Posted by 1999
Where I be
Member since Oct 2009
29165 posts
Posted on 7/29/19 at 11:15 am to
quote:

“It’s something that’s very dangerous, when universities rely on recurring money, especially from an auxiliary like the athletic department,” Woodward told Tiger Rag's Tyler Nunez. “So no, I think, while I will always support the university in some form or fashion, we cannot sustain what we’re currently doing.”


quote:

“I think that’s the wrong question,” Woodward said when asked about that possibility of incentivizing TAF donors to contribute to the academic side. “I think the right question is ‘What are our current donors at TAF doing for the university?’ And I have a feeling that… in both places I’ve been (Texas A&M and Washington), on average they give 1.5 times more to the academic side. I’m sure that’s the case here.


quote:

“You can’t just bifurcate or trifurcate our donors as TAF donors or LSU Foundation Donors or Alumni Association donors or Ag donors or whatever kind of donors you want to put in. You get a cross in all sorts of ways. We feed off each other, and it’s a very healthy, positive thing.”


MY AD
Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 7/29/19 at 11:16 am to
quote:

Oh well. F. King better get a leash on his professors...

If this puts the squeeze on F'King, and forces him out, it will have been a good thing.

...and if it wakes up the university, and gets them to tighten up their financial situation, it's an even better thing.

At least it's not being done with a state budget deficit. The best time to wean a puppy is when there is plenty of food around.
Posted by DBG
vermont
Member since May 2004
72025 posts
Posted on 7/29/19 at 11:17 am to
I didn’t say I don’t agree with the move. I said the timing is bad.

I don’t know if this needs to be formally announced at all, but if it does, announce it the Friday before we play Texas and nobody cares.

What’s the point of inviting bad PR?
Posted by young man tiger
Opelousas, Louisiana
Member since Apr 2009
1532 posts
Posted on 7/29/19 at 11:22 am to
quote:

What’s the point of inviting bad PR?


Yesterday LSU Athletics was getting bad pr while donating x amount of monies to the university.

Today LSU Athletics will be getting bad pr and saving x amount of monies that won’t be going to the university.

It’s a net gain in positivity.
Posted by Byrdybyrd05
Member since Nov 2014
25720 posts
Posted on 7/29/19 at 11:22 am to
Yes I love it. If you are not grateful for the $100 million dollars they gave you over the last ten years then bye Feleicia!
This post was edited on 7/29/19 at 11:32 am
Posted by Odysseus32
Member since Dec 2009
7332 posts
Posted on 7/29/19 at 11:23 am to
Basically Woodward is going to look at the transferring of a funds on a case by case basis.

It makes more sense than giving 10 mil a year and letting the admin do with it whatever they please. I am sure that Athletics will still provide a solid amount, just for necessities rather than frivolous spending.
Posted by MightyYat
New Orleans
Member since Jan 2009
24507 posts
Posted on 7/29/19 at 11:23 am to
quote:

I didn’t say I don’t agree with the move. I said the timing is bad.

I don’t know if this needs to be formally announced at all, but if it does, announce it the Friday before we play Texas and nobody cares.

What’s the point of inviting bad PR?


Again, oh well. It's not Woodward's problem that the academic side is a shite show. If anything, MORE light needs to be shined on F. King's charlatan bullying tactics.
Posted by al_cajun
Baton Rouge
Member since Mar 2017
2442 posts
Posted on 7/29/19 at 11:24 am to
quote:

What’s the point of inviting bad PR?

Maybe he wanted to send a message and have everyone hear it?
Posted by Dizz
Member since May 2008
14766 posts
Posted on 7/29/19 at 11:24 am to
It seems that Woodward and Alexander have an agreement that money will keep coming for specific projects but the guaranteed transfer every year. This makes total sense and most will agree with it. The timing of the announcement was poorly chosen, waiting a couple of months or until after the season to announce it may have been better.
Posted by Ingeniero
Baton Rouge
Member since Dec 2013
18316 posts
Posted on 7/29/19 at 11:25 am to
quote:

“It’s something that’s very dangerous, when universities rely on recurring money, especially from an auxiliary like the athletic department,” Woodward said. “So no, I think, while I will always support the university in some form or fashion, we cannot sustain what we’re currently doing.”

Woodward confirmed his belief that it’s not the athletics department’s responsibility to bail a state school out.


My. fricking. AD.

He's sending a message loud and clear to LSU and Louisiana leadership: clean up your own problems, stop relying on football to bail you out. It may not always be there. Spend your money wisely, athletics will donate as they see fit.
Posted by DBG
vermont
Member since May 2004
72025 posts
Posted on 7/29/19 at 11:25 am to
Hey, if they’re comfortable with more disingenuous outrage, that’s fine, it’s not me answering the questions.

My only point is that they could have waited to make this public. That’s all.
Posted by Draconian Sanctions
Markey's bar
Member since Oct 2008
84885 posts
Posted on 7/29/19 at 11:26 am to
You can also advertise it to the public in a more tangible way when you can say LSU athletics gave X amount for this or that project rather than a blanket amount per year which is a nice talking point but people can’t see where that goes day to day.
Posted by The Pirate King
Pangu
Member since May 2014
57755 posts
Posted on 7/29/19 at 11:28 am to
quote:

Hey, if they’re comfortable with more disingenuous outrage, that’s fine, it’s not me answering the questions. My only point is that they could have waited to make this public. That’s all.


I share the same sentiment. Just inviting criticism for no reason
Posted by WackyChris
Da Parish, Louisiana
Member since Mar 2013
2767 posts
Posted on 7/29/19 at 11:29 am to
the fund transfer policy was intended to help the university during the horrendous Jindal budget mishandling when higher education was getting its budget slashed almost monthly... LSU Athletics promised to donate any profit from its operations, provide that the profit was sufficient enough to not hurt the Atheltic Dept.

NOW that higher ed supposedly doesn't have the same budgetary issues under JBE (as the politicos claim) LSU Athletics isn't obligated to transfer any extra funds to the school. . . also when considering that Athletic Department made LESS money last year than it did in years previous, the transfer wouldn't have been as sizeable.
Posted by TKLSUMD
Young Harris Georgia
Member since Oct 2011
1847 posts
Posted on 7/29/19 at 11:29 am to
I am a big fan of LSU sports. I also graduated with 2 degrees from LSU. While I agree it is best to generate funds for the academic institution from other avenues, what if that is not possible? Is the solution to continue to increase tuition? Lay off faculty? Close certain colleges? This will only reduce enrollment and make our degrees less valuable.

And what will become of the excess money generated by LSU athletics? I am a fan of upgrades to facilities to attract recruits as much as anyone but we just finished this. Perhaps it could be spent on upgrading the Maravich Assemby Center if not to be given for academics.

Say good bye to argument to non-fans that LSU Athletics helps the academic side. LSU Athletics helps only LSU Athletics as of now.
Posted by geauxtigers33
Baton Rouge
Member since Jan 2014
13734 posts
Posted on 7/29/19 at 11:29 am to
quote:

Basically Woodward is going to look at the transferring of a funds on a case by case basis.


Exactly this. If the university comes to the athletic department with a plan and it benefits student athletes the athletic department will give the university whatever it needs.

Just giving the university or any Louisiana state funded entity a bunch of money and expecting them to use it properly is bad business.
Posted by MightyYat
New Orleans
Member since Jan 2009
24507 posts
Posted on 7/29/19 at 11:29 am to
quote:

I share the same sentiment. Just inviting criticism for no reason


Maybe there is a reason though. Some people operate better from tough love. There is no reason to sugar coat the bullshite that has been going on over the last decade.

The message to F. King is to simply get better.
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