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Message
re: nil money vs other programs (lsu can’t compete)
Posted on 2/2/22 at 9:31 pm to wutangfinancial
Posted on 2/2/22 at 9:31 pm to wutangfinancial
You think there’s zero correlation between endowment and how quickly funds can be deployed for nil deals? Alright man keep burying your head in the sand.
500m ain’t shite compared to 30b
500m ain’t shite compared to 30b
Posted on 2/2/22 at 9:32 pm to saminex
Explain to us uneducated rubes how you deploy cash from an endowment for NIL
Posted on 2/2/22 at 9:36 pm to saminex
quote:
You think there’s zero correlation between endowment and how quickly funds can be deployed for nil deals? Alright man keep burying your head in the sand. 500m ain’t shite compared to 30b
The endowments at the Texas schools grew exponentially during the fracking boom. They were all heavily invested in that. It didn’t get that big from individual donors
Posted on 2/2/22 at 9:41 pm to saminex
Boosters and donors donating to an endowment vs buying players for a football team are not mutually exclusive.
Posted on 2/2/22 at 9:42 pm to saminex
The notion that LSU football is poor and can’t keep up in NIL funding is absurd. Do you think they’ve been living off of scraps over the past 20 years? How exactly do you think they’ve been able to win three national championships over that time? Smoke and mirrors?
Posted on 2/2/22 at 9:48 pm to saminex
An endowment has nothing to do with NIL money. It may take 2-3 years to figure things out, but LSU will get things tightened up.
Posted on 2/2/22 at 9:53 pm to saminex
quote:
Ut endowment 31b Tamu endowment 13.5b Lsu 500m
Harvard 50B
Ivy League fuuucked
Posted on 2/2/22 at 9:57 pm to mattz1122
quote:
The notion that LSU football is poor and can’t keep up in NIL funding is absurd.
LSU/TAF just spent $40m give or take to hire and fire two staffs after reporting a $10m loss. Woodward was preparing for the big picture when he stopped blindly cutting a check to the university from the athletic department for $30m when he took over.
Posted on 2/2/22 at 10:00 pm to saminex
quote:
You think there’s zero correlation between endowment and how quickly funds can be deployed for nil deals? Alright man keep burying your head in the sand. 500m ain’t shite compared to 30b
YOU HAVE NO IDEA WHAT THE frick YOU ARE TALKING ABOUT.
There is absolutely no correlation between the two. First, no school can funnel endowment money into NIL. Also, as has been stated here before, the Texas school endowments are being fed by state oil and gas rights payments. They aren’t that big because of alumni. And again, they aren’t being used for football, much less paying players.
Posted on 2/2/22 at 10:39 pm to CBP3110
quote:
6th
Apologies I just checked 247
Where are we 6th?
Posted on 2/2/22 at 10:52 pm to saminex
Well endowment money is not for athletics and much of A&M’s endowment comes from state funds. I don’t know what the point is here. Colleges are not allowed to be involved in NIL by NCAA rules. NIL must come from outside funds from sponsors like companies. Endowment does not factor into NIL at all.
If we talk endowments you better hope Harvard doesn’t get involved because they would dominate the entire country. I am sure some idiots will down vote but you don’t know what you are talking about.
If we talk endowments you better hope Harvard doesn’t get involved because they would dominate the entire country. I am sure some idiots will down vote but you don’t know what you are talking about.
Posted on 2/2/22 at 10:55 pm to DCtiger1
quote:
There’s plenty of money in LA.
The problem is the big guys, outside of a few, aren’t buying in just yet. One of them is going to have to grab this buy the reigns and coordinate all the big boosters.
If that happens, we will be fine. But, I’ll add, they’ve got to change the transfer rule back to sitting out a year, and make the portal only active in the off-season. If you quit and enter the portal while the season is still going you should have to pay back your scholarship.
Posted on 2/2/22 at 11:02 pm to 1609tiger
quote:
Woodie is going to need to find a way to funnel some of that revenue to NIL deals.
It’s pretty easy, actually. Set up a 501c3 or an LLC that solely exists to provide NIL money. Open it up for fans to contribute anything from 5 bucks to hundreds of thousands.
You’ll get plenty of 20 dollar bills in the kitty.
Posted on 2/3/22 at 12:48 am to cas4t
the fact that the posters here are just refusing to accept that endowment has a correlation to the purchasing power of alumni and if those alumni choose to deploy those funds in a buy recruits world if they wanted to is simply amazing.
You think that the people who have their equity in oil didnt get exponential growth on their capital during the oil boom/ tech boom etc and that there are more of those people from the top tier educational institutions (OSU, UM, UT, TAMU) than LSU??
Is this really the distortion we want to tell ourselves? TAMU just spent 10% of our endowment on recruits to get the best recruiting class of all time. And they can do this every year if they wanted to because their alumni has more money than ours. If Harvard wanted to be competitive at football, theyll do what they did with their law school, business school and every other professional school, they'll put money to it and they'll be number one. The Ivy's dont care... but the public ivys do.
You better believe that if UT, UCLA, USC, UM, OSU decide to pony up funds they will outspend LSU by 4-5-6 fold and theres nothing we can do about it.
You think that the people who have their equity in oil didnt get exponential growth on their capital during the oil boom/ tech boom etc and that there are more of those people from the top tier educational institutions (OSU, UM, UT, TAMU) than LSU??
Is this really the distortion we want to tell ourselves? TAMU just spent 10% of our endowment on recruits to get the best recruiting class of all time. And they can do this every year if they wanted to because their alumni has more money than ours. If Harvard wanted to be competitive at football, theyll do what they did with their law school, business school and every other professional school, they'll put money to it and they'll be number one. The Ivy's dont care... but the public ivys do.
You better believe that if UT, UCLA, USC, UM, OSU decide to pony up funds they will outspend LSU by 4-5-6 fold and theres nothing we can do about it.
This post was edited on 2/3/22 at 12:49 am
Posted on 2/3/22 at 1:01 am to saminex
All those billionaires elsewhere didn't get that rich by making bad investments and blowing money on useless things. Meanwhile in Louisiana, MFers are spending $6/lb for crawfish when they'll be $1.99 in a few weeks.
LSU will be fine.
LSU will be fine.
Posted on 2/3/22 at 1:06 am to saminex
quote:it really is, it’s a bang your head in a wall pointless debate how the endowment funds don’t pay for NIL
the fact that the posters here are just refusing to accept that endowment has a correlation to the purchasing power of alumni and if those alumni choose to deploy those funds in a buy recruits world if they wanted to is simply amazing.
Posted on 2/3/22 at 3:54 am to saminex
There are only about 7 programs that have a serious NIL base .. And Bama and LSU aren’t any one of them.
1. Texas
2. Aggys
3. USC
4. Ohio State
5. Michigan
6. Florida
7. Georgia
1. Texas
2. Aggys
3. USC
4. Ohio State
5. Michigan
6. Florida
7. Georgia
Posted on 2/3/22 at 4:33 am to saminex
quote:
the fact that the posters here are just refusing to accept that endowment has a correlation to the purchasing power of alumni and if those alumni choose to deploy those funds in a buy recruits world if they wanted to is simply amazing.
So state oil and gas rights fees have a collective consciousness that can decide to divert funds to NIL? You should just stop.
A&M’s living and breathing alumni are also not stupid enough to spend these amounts every year. It is not sustainable, as much as some of you want to believe it is and turn them into the boogeyman. This isn’t like a sports franchise owner who can make up luxury tax payments in other ways, such as local TV and media deals and merchandise sales. These boosters will never see any return whatsoever for what they spend on NIL. Their contributions to the university are at least tax deductible, which isn’t insignificant for a rich person looking to hold money back from Uncle Sam. NIL payments funneled though some LLC won’t be.
Do you really think A&M’s boosters will just keep throwing money into a black hole, especially once every other program fully aligns against them to pay just as much for top players? They may be able to outspend any other single school, but they can’t outspend the top 10-15 schools in recruiting combined.
This doesn’t even account for the groundswell picking up steam against what A&M is doing using LLC shell companies. If Saban is speaking out against it publicly and calling for regulation, then things are going to change. It happens every time he opens his mouth.
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