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Started By
Message
re: The Big Ten’s revenue distributions will top $52 million per school next year
Posted on 6/24/18 at 9:40 am to VerlanderBEAST
Posted on 6/24/18 at 9:40 am to VerlanderBEAST
Are you just making up shite I didn’t say?
0
Posted on 6/24/18 at 11:01 am to RedRifle
quote:
Pay. The. Players.
Really. Vague. Statements.
Posted on 6/24/18 at 8:43 pm to mizslu314
I paid good money for my books, tuition, fees, living expenses, medical care, rent, food. And I paid it for my kids.
They are getting paid.
They are getting paid.
Posted on 6/24/18 at 10:51 pm to Lou the Jew from LSU
quote:
I paid good money for my books, tuition, fees, living expenses, medical care, rent, food.
Exactly, if you would put it to a vote-
99% of NCAA athletes are more than satisfied with the current arraignment.
Posted on 6/25/18 at 8:13 am to Smart Post
quote:
And they still haven't repaid a multimillion dollar loan from the academic side. The academicians are pissed
I would love to see an actual source to back up this claim.
Posted on 6/25/18 at 9:37 am to 50_Tiger
quote:
How can a school not run their program for a third of that while also giving a little something-something.
They do give a little something-something. It is called a free scholarship, free room and board, free food for four years, and they are basically being evaluated for the NFL for free. Take out loans and do this for four years at LSU. Come back here and tell everyone how much you owe. The players are being rewarded.
This post was edited on 6/25/18 at 9:37 am
Posted on 6/25/18 at 11:29 am to cardboardboxer
From 2016:
So you still owe nearly $10 million and to my knowledge, your AD is not making increased remittances to the academic side (as requested, because they are pissed).
LINK
quote:
The A&M athletics program’s revenue level, even without the anomalous donation total, has created an unusual financial situation that university officials are beginning to address. Since 2006, for a variety of reasons that included the Aggies’ transition from the Big 12 Conference to the Southeastern Conference in 2012, the university had loaned roughly $16.4 million to the athletics department — and according to Toole, the outstanding balance remains about $12.5 million.
Now, while continuing to let the athletics department repay the loan at a rate of about $1.6 million a year, Toole said university officials have told the athletics department that it will be expected to begin sending additional money back to the school’s general fund. “They’ve let us know that is going to occur at some level (during the 2015-16 fiscal year) and at a higher level going forward,” Toole said. “And we think that’s appropriate.”
So you still owe nearly $10 million and to my knowledge, your AD is not making increased remittances to the academic side (as requested, because they are pissed).
LINK
Posted on 6/25/18 at 12:01 pm to Smart Post
That source doesn't say anything about the academics getting pissed, just that eventually they expect the AD to be contributing back with no exact timescale given.
What is owed to the academic side is being repaid as per the original agreement with no lapses. Even when the AD start contributing to the school that whole loan probably won't get touched.
What is owed to the academic side is being repaid as per the original agreement with no lapses. Even when the AD start contributing to the school that whole loan probably won't get touched.
Posted on 6/25/18 at 12:21 pm to RLDSC FAN
What if it turns into overseas billionaires buying players for teams? SMU could bring to stand for Saudi Money University.
Posted on 6/25/18 at 1:17 pm to cardboardboxer
quote:
In late 2008, the Texas A&M athletic department was scrambling to meet an ominous deadline.
The department had less than a year before it was to begin repaying a $16 million loan arranged by previous A&M President Robert Gates and athletics director Bill Byrne. The loan gave the department four years to use university money to shore up budget shortfalls, and the first payment was due in the fiscal year that starts Sept. 1, 2009.
But the department was facing two more years of projected deficit spending, and finance officials expressed concern that something needed to be done, records show.
Interviews with university and athletic department officials, along with e-mails obtained by The Eagle through a Texas Public Information Act request, depict the financial equivalent of a frantic fourth-quarter drive to get the athletic department into the black. Officials now expect a balanced budget for 2009-10, but 10 months ago they weren't so optimistic.
Many employees of A&M's division of finance, as well as some athletic department officials, expressed concern about the athletic department's fiscal responsibility. Financial officers cited poor revenue projections, a lack of interest in oversight or controls and an inability to control rising expenses as reasons that the program had problems the past three years.
"In retrospect, it is inconceivable to me how this situation was allowed to fester for so many years without proper action being taken," Elsa Murano, then A&M's president, wrote in an April memo to system regents reviewing the situation.
Must I do all of aggy's homework? Four years has turned into 10, and still, nearly $10 million remains unpaid.
Aggy AD spending like drunken sailors, but stiffs their creditors.
LINK
quote:
What is owed to the academic side is being repaid as per the original agreement with no lapses.
Wrong. Four years was the original agreement.
This post was edited on 6/25/18 at 1:23 pm
Posted on 6/25/18 at 1:20 pm to Dr RC
quote:
When will this sports rights bubble pop? It can't keep growing.
It’s about to pop now. Subscriptions are down for all of the networks that are shelling out this cash.
Posted on 6/25/18 at 8:06 pm to RLDSC FAN
I fricking loathe Greg sankey. That’s all I’ve got for this thread.
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