I see the 2020 endowment balance is a bit over 1.3Billion. I'm sure we had some before we started, but what happened to the rest?
IOWA STATE TO BIG TEN?!? Dave Wannstedt thinks so.
- Thread starter cyclone4L
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I think this statement and the "Alliance's" statements are "For The Record" CYA statements to be used as shields in upcoming litigations.
The B1G, ACC, and PAC12 schools do not want to be dragged into settlement negotiations among Texas, Oklahoma, SEC, ESPN, and Fox Sports because they:
- Don't want to commit at this time to providing "soft landings" for anybody, let alone everybody; and
- Don't want to be exposed to potentially expensive charges of meddling.
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Yeah, if this plays out like I think it will play out, this will go down as the most half-assed expansion search in history. Go through the motions. Tell everyone you're taking your time to determine the best fits. It's quite interesting to me that the two of the three most desirable programs (ISU and KU, OSU being the other one) are on this committee, along with Baylor, which is easily the least desirable.
Heard WW has said she will contact OSU, Michigan and Penn State for possible expansion teams. Interesting choice to contact.
I think the foundation does a poor job of showing how they support the university. State funding has gone down, as well know. For the past five to seven years we've hovered close to a billion dollars in the endowment. This 1.5 billion dollar fundraiser obviously is collected over time. I do not know how much has been collected versus will be collected.
As an example only, if the endowment made 8% on their billion dollar endowment, then that is $80 million. 80 to 90% of that $80 million is given back to the university on an annual basis and 10 to 20% of the gain is retained to continue to grow the endowment.
Agreed.
also, changed one letter when googling what fait accompli means and found out things I didn’t know the human body could do in what I think was intercourse?
Yeah, I understand the basics of the foundation. Was just curious why we seemed light, but didn't think of the collection period could be 10 years. Basically we have 1.5B in pledges and donations, but maybe only 500 MM in donations with a billion coming in pledges. I do see the foundation bumped up their payments to the University by 20 MM in 2019.
Well stated and exactly what the bad boys were up to. Expand to 12 teams with only four or five automatic bids that would give the SEC a chance of having four to six teams in annually. It is so clear what was going on until The chronicle ruined everyone's timing.
Exactly why the president of West Virginia is saying that the expansion to 12 is currently dead on arrival.
He used to be one of the better CFB writers out there. He was pretty reasonable and mild-mannered. He could talk about which conferences or teams were up or down without being either a fanboy or a troll.
At some point he changed, and now behaves like most of the rest of CFB writers - firing off hot takes on Twitter, sucking up to the SEC/B1G, and punching down at schools like ISU.
He's been probably the most disappointing media member to me in all this, because he didn't used to be this way. He certainly wasn't this awful in 2011.
I once had to make a call for a LTL company with an 800 number. Needed to contact a specific person in this large company but had her extension number. While dialing I accidentally punched in her extension for the last four digits (it was a four digit extension) and found out there are 800 talk dirty numbers. At first I heard a woman's voice (was calling a woman so no surprise) and she was very windy and then what I thought was her voice mail box message started going very weird. I found out with 800 porn lines, they call you back. I hung up and was nervous about a call back and immediately called my boss (the CEO) and explained the situation so I wasn't going to get fired. Thankfully the porn line didn't have caller ID because there was no call back.
For Texas, the playoffs are a carrot on a stick in front of the horses face being in the Big 12. Going to the SEC it will be like carrot seeds not even planted in the ground. Their arrogant fans will still think they can win the SEC.
Also notice it is the university presidents that represent ISU & KU.
The playoff isn't going to stay at 4, there is WAY too much money in play. The B1G and Pac have a lot to gain with a playoff expansion.
The committee is ISU and KU presidents plus Baylor and Tech ADs, not OSU.
Interesting to me that the 2 presidents are also the only 2 AAU schools left in the league. If academics matter, they would be the 2 who would actually care about it.
Here are the USNWR national university ranking of some of the top options. Iowa State is 118 for reference.
BYU - 80
USF - 103
Cincinnati - 143
UCF - 160
Houston - 176
Memphis - 258
Boise State - unranked (worse than 298)
I would assume some of the fundraiser money is spent right away, like new buildings and renovations. While some of it is put in to the endowment. That is probably why you don't see the endowment increased equal to the fundraiser, because some of that money is used right away for projects.
Nice quick thinking, telling the CEO about the "accidental" wrong phone number.
Texas was losing in the Big 12, they would rather lose in the SEC and make more money.
I told the lady I was trying to call about my mistake. The next time I talked to her, she told me that everyone in her office had to see what the number was like.
Lol a Texas writer used that exact same sentence when writing a column about the move to the SEC, and his tone wasn’t negative.
