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- Feb 6, 2014
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- 19,335
I'm not going to rip the guy but he should have have held on to his money for at least another year. When these guys donate money for "scholarships" within the athletic department all they seemingly are doing is freeing up monies already allocated toward the program to either be diverted elsewhere or not spent at all. It's all one big shuffle. We're going to allocate funds for the cost of the max number of scholarship football players regardless of his donation. Now all that seems to have happened is he lowered that specific budget item. I really wish these guys would just pool their big donations into a block and then make some real demands.
Please fell free to correct me if I'm wrong about the finances here.
The way I thought athletic scholarships work at UM were that the school charges the athletic department the full tuition and cost. Those costs are expenses and deducted from the athletic department's budget.
Let's say one athletic scholarship (with everything) cost $50,000.00 per year. If this gift covered (just hypothetically) 4 defensive lineman each year, that would be a lower expense ($200,000.00) for the athletic department. The issue I have is where does the savings go?
Are we plugging that $200,000 back into the program (i.e. salaries) or is it going towards something stupid?
THIS
Does this basically free up $1.6M of money that would have originally been allocated to Athletics?
No, it frees up $1.6 million of the Athletic Department budget that would have originally been used for those scholarships, and can now be used for something else in the program.
So Calais just spent $1.6 mil on "something else"....which will be determined by morons at a future date. You're making a strong argument here, bud. Why even debate this? You have faith in the admin and Flake obviously and the rest of us understandably lost it and question anything they have power over- especially money.