Flake wants more $ for IPF and already justifying Sun Life

[User-4525]

We have the money just choose not to use it. Those are not my words, those are the words that i was told by a prominent BOT member. Untill he or she tells me otherwise, I'll keep believing that. Furthermore, I believe we've had 3 individual donors accumulate over 3 million in donations towards football, basketball, and baseball in the past 9 months

BOT members also told us Golden was getting fired and he is still here. I don't think UM has secretly accumulated a lot of football donations and haven't told anyone and by reading what James has to say I think it is evident they want more donations. One thing you have to keep in mind is athletics has to pay back scholarships and pay them back not in cost to the school but what would have been cost for the student. Since only a few one of our programs make money and we suck at getting donations from businesses and people then football generated money has to pay for it.

If UM has money it could spend on facilities then it would.

Not the one I talk to

Then when?? And when is Butch coming home?

To state the obvious, it depends on how he does this season. No one knows an exact win total that will keep him safe or get him fired

 

[User-4525]

We have the money just choose not to use it. Those are not my words, those are the words that i was told by a prominent BOT member. Untill he or she tells me otherwise, I'll keep believing that. Furthermore, I believe we've had 3 individual donors accumulate over 3 million in donations towards football, basketball, and baseball in the past 9 months

BOT members also told us Golden was getting fired and he is still here. I don't think UM has secretly accumulated a lot of football donations and haven't told anyone and by reading what James has to say I think it is evident they want more donations. One thing you have to keep in mind is athletics has to pay back scholarships and pay them back not in cost to the school but what would have been cost for the student. Since only a few one of our programs make money and we suck at getting donations from businesses and people then football generated money has to pay for it.

If UM has money it could spend on facilities then it would.

UM hasn't secretly accumulated a lot of football donations, it's out in the open. I understated the accounts receivable or cash UM received from three individual donors. Just in the past 6 months:

1.6M from Campbell
1.5M from Hunt
1M from Mann
=
4.1 million

http://www.foxsports.com/florida/st...thletics-department-1-million-donation-011415

http://collegefootballtalk.nbcsport...rd-donation-from-former-cane-calais-campbell/

Scholarships only take up 9-10% of average total expenses according to USA today, however where have you seen that the school has to pay back scholarships to the school? I've never heard of that. UM having the 9th lowest endowment in the Power 5 is beyond useless in this context. The article mentions this, but fails to mention that UM has an endowment 8x Louisiana-Lafayette but they still have an indoor practice facility.

 

[Andrew]

We have the money just choose not to use it. Those are not my words, those are the words that i was told by a prominent BOT member. Untill he or she tells me otherwise, I'll keep believing that. Furthermore, I believe we've had 3 individual donors accumulate over 3 million in donations towards football, basketball, and baseball in the past 9 months

BOT members also told us Golden was getting fired and he is still here. I don't think UM has secretly accumulated a lot of football donations and haven't told anyone and by reading what James has to say I think it is evident they want more donations. One thing you have to keep in mind is athletics has to pay back scholarships and pay them back not in cost to the school but what would have been cost for the student. Since only a few one of our programs make money and we suck at getting donations from businesses and people then football generated money has to pay for it.

If UM has money it could spend on facilities then it would.

UM hasn't secretly accumulated a lot of football donations, it's out in the open. I understated the accounts receivable or cash UM received from three individual donors. Just in the past 6 months:

1.6M from Campbell
1.5M from Hunt
1M from Mann
=
4.1 million

http://www.foxsports.com/florida/st...thletics-department-1-million-donation-011415

http://collegefootballtalk.nbcsport...rd-donation-from-former-cane-calais-campbell/

Scholarships only take up 9-10% of average total expenses according to USA today, however where have you seen that the school has to pay back scholarships to the school? I've never heard of that. UM having the 9th lowest endowment in the Power 5 is beyond useless in this context. The article mentions this, but fails to mention that UM has an endowment 8x Louisiana-Lafayette but they still have an indoor practice facility.

Most recently it was mentioned in UAB's decision to close its football program, though a 3rd party found that UAB was using the cost to the student if paid vs the actual cost to the school. Every school I know of does it this way. I imagine it has to do with receiving government money and in the case of state schools state money. The money Hunt gave was to fund running backs. Scholarships are a cost to the school and they get their money back from athletics. They also get their money back for utilities and other expenses.

http://www.chicagobusiness.com/arti...who-played-for-miami-gives-school-1-5-million

 

[Andrew]

btw here is a school the size of UM with real boosters. They had 5 guys give a total $90 million over 5 years
http://www.sportsbusinessdaily.com/Journal/Issues/2012/09/24/Facilities/TCU.aspx

 

[User-4525]

I am not privy to UM's athletic finances, but a man who is told me "We have the money to pay for nick Saban if we wanted too..." and so on. I will continue to trust his word. I do not buy the UM doesn't have the money story. A billion dollar endowment isn't required for an IPF

 

[Andrew]

If UM has money it could spend on facilities then it would.

I would be more inclined to believe that if in the year 2015, they weren't just now getting around to putting up some lights on a practice field. That doesn't exactly indicate a burning desire to be at the forefront of sports infrastructure construction. It would be like if the CEO of a car company came out and said, "Safety has always been paramount for us here at Car Co. it's what we strive for and what we focus on the most. That's why we're pleased to announce that starting in 2016, every vehicle we manufacture will have brakes."

UM never put lights up because they always practiced during the day. Practicing at night is an Al Golden thing. UM does not have millions sitting in some random football fund that they don't want to spend.

 

[User-4525]

btw here is a school the size of UM with real boosters. They had 5 guys give a total $90 million over 5 years
http://www.sportsbusinessdaily.com/Journal/Issues/2012/09/24/Facilities/TCU.aspx

I am and have not tried to argue that UM is at the forefront in donations. However, I will not buy that UM doesn't have the money to allocate to an IPF and paying for a buyout

 

[User-4525]

If UM has money it could spend on facilities then it would.

I would be more inclined to believe that if in the year 2015, they weren't just now getting around to putting up some lights on a practice field. That doesn't exactly indicate a burning desire to be at the forefront of sports infrastructure construction. It would be like if the CEO of a car company came out and said, "Safety has always been paramount for us here at Car Co. it's what we strive for and what we focus on the most. That's why we're pleased to announce that starting in 2016, every vehicle we manufacture will have brakes."

UM never put lights up because they always practiced during the day. Practicing at night is an Al Golden thing. UM does not have millions sitting in some random football fund that they don't want to spend.

How are they going to pay for the buyout with Sun life if the beckham deal comes to fruition? According to what Donna tells the students the deal is all but done (which I don't buy for a second)

 

[Cane Dynasty]

If UM has money it could spend on facilities then it would.

I would be more inclined to believe that if in the year 2015, they weren't just now getting around to putting up some lights on a practice field. That doesn't exactly indicate a burning desire to be at the forefront of sports infrastructure construction. It would be like if the CEO of a car company came out and said, "Safety has always been paramount for us here at Car Co. it's what we strive for and what we focus on the most. That's why we're pleased to announce that starting in 2016, every vehicle we manufacture will have brakes."

UM never put lights up because they always practiced during the day. Practicing at night is an Al Golden thing. UM does not have millions sitting in some random football fund that they don't want to spend.

Maybe not in a random "football" fund....but to even suggest that Miami doesn't have enough money to provide top notch facilities and top notch coaching is real a leap in logic when looking at their massive, engorged and turgid endowment.

 

[Andrew]

I am not privy to UM's athletic finances, but a man who is told me "We have the money to pay for nick Saban if we wanted too..." and so on. I will continue to trust his word. I do not buy the UM doesn't have the money story. A billion dollar endowment isn't required for an IPF

UM has BOT with money but they clearly aren't giving it to UM athletics. I have no doubt if these guys wanted too they could spend the money but they never have. It's like having really rich parents that never give you any money.

 

[Andrew]

If UM has money it could spend on facilities then it would.

I would be more inclined to believe that if in the year 2015, they weren't just now getting around to putting up some lights on a practice field. That doesn't exactly indicate a burning desire to be at the forefront of sports infrastructure construction. It would be like if the CEO of a car company came out and said, "Safety has always been paramount for us here at Car Co. it's what we strive for and what we focus on the most. That's why we're pleased to announce that starting in 2016, every vehicle we manufacture will have brakes."

UM never put lights up because they always practiced during the day. Practicing at night is an Al Golden thing. UM does not have millions sitting in some random football fund that they don't want to spend.

Maybe not in a random "football" fund....but to even suggest that Miami doesn't have enough money to provide top notch facilities and top notch coaching is real a leap in logic when looking at their massive, engorged and turgid endowment.

UM can't spend money on athletics that isn't given to athletics. It could take out a loan though.

 

[User-4525]

I am not privy to UM's athletic finances, but a man who is told me "We have the money to pay for nick Saban if we wanted too..." and so on. I will continue to trust his word. I do not buy the UM doesn't have the money story. A billion dollar endowment isn't required for an IPF

UM has BOT with money but they clearly aren't giving it to UM athletics. I have no doubt if these guys wanted too they could spend the money but they never have. It's like having really rich parents that never give you any money.

I don't want to give up who the person is but he is knowledgeable of both his respective college and the athletic funds

 

[Andrew]

If UM has money it could spend on facilities then it would.

I would be more inclined to believe that if in the year 2015, they weren't just now getting around to putting up some lights on a practice field. That doesn't exactly indicate a burning desire to be at the forefront of sports infrastructure construction. It would be like if the CEO of a car company came out and said, "Safety has always been paramount for us here at Car Co. it's what we strive for and what we focus on the most. That's why we're pleased to announce that starting in 2016, every vehicle we manufacture will have brakes."

UM never put lights up because they always practiced during the day. Practicing at night is an Al Golden thing. UM does not have millions sitting in some random football fund that they don't want to spend.

How are they going to pay for the buyout with Sun life if the beckham deal comes to fruition? According to what Donna tells the students the deal is all but done (which I don't buy for a second)

We don't know what the Beckham deal would intel so it is hard to do anything but speculate. We do know Beckham wants a smaller stadium then UM wants so perhaps we are willing to go in with Beckham on a loan that we would jointly control and thus not have to pay rent and perhaps make money off of non soccer events. I don't think if what I said is anything near the truth other than Beckham wants a smaller stadium.

 

[mirednmediocrity2]

Seriously believe that within five years this school will not have a football program. The Powers That Be seem intent on phasing it out. Adidas will be sorry that got involved with UM and its shyster admins and BOT. Flagship? More like SINKING ship.

 

[Cane Dynasty]

If UM has money it could spend on facilities then it would.

I would be more inclined to believe that if in the year 2015, they weren't just now getting around to putting up some lights on a practice field. That doesn't exactly indicate a burning desire to be at the forefront of sports infrastructure construction. It would be like if the CEO of a car company came out and said, "Safety has always been paramount for us here at Car Co. it's what we strive for and what we focus on the most. That's why we're pleased to announce that starting in 2016, every vehicle we manufacture will have brakes."

UM never put lights up because they always practiced during the day. Practicing at night is an Al Golden thing. UM does not have millions sitting in some random football fund that they don't want to spend.

Maybe not in a random "football" fund....but to even suggest that Miami doesn't have enough money to provide top notch facilities and top notch coaching is real a leap in logic when looking at their massive, engorged and turgid endowment.

UM can't spend money on athletics that isn't given to athletics. It could take out a loan though.

That's not even intellectually honest. They can spend money on whatever the f**k they decide is a priority.

Any basic accountant (even wherra) would know how to shuffle funds around to make anything happen that the admin want's to happen. And that's exactly what is going on at The U. The admins won't let the athletic dept., most importantly the football program, have access to the funds needed to succeed.

Despite the fact that a winning football program is one of the biggest sources of income a university can ever hope to have.

 

[Andrew]

I would be more inclined to believe that if in the year 2015, they weren't just now getting around to putting up some lights on a practice field. That doesn't exactly indicate a burning desire to be at the forefront of sports infrastructure construction. It would be like if the CEO of a car company came out and said, "Safety has always been paramount for us here at Car Co. it's what we strive for and what we focus on the most. That's why we're pleased to announce that starting in 2016, every vehicle we manufacture will have brakes."

UM never put lights up because they always practiced during the day. Practicing at night is an Al Golden thing. UM does not have millions sitting in some random football fund that they don't want to spend.

Maybe not in a random "football" fund....but to even suggest that Miami doesn't have enough money to provide top notch facilities and top notch coaching is real a leap in logic when looking at their massive, engorged and turgid endowment.

UM can't spend money on athletics that isn't given to athletics. It could take out a loan though.

That's not even intellectually honest.

Any basic accountant (even wherra) would know how to shuffle funds around to make anything happen that the admin want's to happen. And that's exactly what is going on at The U. The admins won't let the athletic dept., most importantly the football program, have access to the funds needed to succeed.

Despite the fact that a winning football program is one of the biggest sources of income a university can ever hope to have.

So what your saying is UM should allocate funds to football that were given to the school for other reasons with hopes of making that money back by the time those funds are actually needed? We could just get a long term bank loan opposed to ****ing over those who do donate to academics.

 

[Cane Dynasty]

UM never put lights up because they always practiced during the day. Practicing at night is an Al Golden thing. UM does not have millions sitting in some random football fund that they don't want to spend.

Maybe not in a random "football" fund....but to even suggest that Miami doesn't have enough money to provide top notch facilities and top notch coaching is real a leap in logic when looking at their massive, engorged and turgid endowment.

UM can't spend money on athletics that isn't given to athletics. It could take out a loan though.

That's not even intellectually honest.

Any basic accountant (even wherra) would know how to shuffle funds around to make anything happen that the admin want's to happen. And that's exactly what is going on at The U. The admins won't let the athletic dept., most importantly the football program, have access to the funds needed to succeed.

Despite the fact that a winning football program is one of the biggest sources of income a university can ever hope to have.

So what your saying is UM should allocate funds to football that were given to the school for other reasons with hopes of making that money back by the time those funds are actually needed? We could just get a long term bank loan opposed to ****ing over those who do donate to academics.

You are acting like no monies can be shuffled around. I don't want to attack you personally but your view on this is ignorant and flat out wrong.

The university can allocate anything they want to wherever they want. Sure if someone donates $4 million for jock straps then that money is to be used for jock straps. What about the money that was already allocated for jock straps? Does all that just stay in the jock strap fund?

Only at Miami.

Problems with funding arise when someone donates millions to the football program and then the university decides that because of that donation they don't need to allocate their normal amount of monies to the football program because, hey someone else already took care of our most basic needs....what a joke.

At Bama/LSU/ND/USC/Osuk those monies go where they are needed most.

 

[Andrew]

Maybe not in a random "football" fund....but to even suggest that Miami doesn't have enough money to provide top notch facilities and top notch coaching is real a leap in logic when looking at their massive, engorged and turgid endowment.

UM can't spend money on athletics that isn't given to athletics. It could take out a loan though.

That's not even intellectually honest.

Any basic accountant (even wherra) would know how to shuffle funds around to make anything happen that the admin want's to happen. And that's exactly what is going on at The U. The admins won't let the athletic dept., most importantly the football program, have access to the funds needed to succeed.

Despite the fact that a winning football program is one of the biggest sources of income a university can ever hope to have.

So what your saying is UM should allocate funds to football that were given to the school for other reasons with hopes of making that money back by the time those funds are actually needed? We could just get a long term bank loan opposed to ****ing over those who do donate to academics.

You are acting like no monies can be shuffled around. I don't want to attack you personally but your view on this is ignorant and flat out wrong.

The university can allocate anything they want to wherever they want. Sure if someone donates $4 million for jock straps then that money is to be used for jock straps. What about the money that was already allocated for jock straps? Does all that just stay in the jock strap fund?

Only at Miami.

Problems with funding arise when someone donates millions to the football program and then the university decides that because of that donation they don't need to allocate their normal amount of monies to the football program because, hey someone else already took care of our most basic needs....what a joke.

At Bama/LSU/ND/USC/Osuk those monies go where they are needed most.

If someone donates money it gets used for that purpose. UM gets a lot of money for research and health and thus that money can not be used for football. If it was it would jeopardize our relationships with those who donate. If money us donated for football then yes the money gets used for that.

In your example the money allocated for jock straps would go back to whatever fund it came from. If it was from the football fund then it would go back there. If two people were giving 4 million for jock straps the school would probably tell the second one that offers that they don't need the money for that and perhaps suggest would the money could go for football related.

The school could take a loan out while it runs a fundraising drive but it has choose not to do that.

 

[cane since birth]

We have spent the money in the past stupidly when we made coker the highest paid coach, if they can raise all that money for other parts of the university they can easily raise money for athletics

 

[Cane Dynasty]

UM can't spend money on athletics that isn't given to athletics. It could take out a loan though.

That's not even intellectually honest.

Any basic accountant (even wherra) would know how to shuffle funds around to make anything happen that the admin want's to happen. And that's exactly what is going on at The U. The admins won't let the athletic dept., most importantly the football program, have access to the funds needed to succeed.

Despite the fact that a winning football program is one of the biggest sources of income a university can ever hope to have.

So what your saying is UM should allocate funds to football that were given to the school for other reasons with hopes of making that money back by the time those funds are actually needed? We could just get a long term bank loan opposed to ****ing over those who do donate to academics.

You are acting like no monies can be shuffled around. I don't want to attack you personally but your view on this is ignorant and flat out wrong.

The university can allocate anything they want to wherever they want. Sure if someone donates $4 million for jock straps then that money is to be used for jock straps. What about the money that was already allocated for jock straps? Does all that just stay in the jock strap fund?

Only at Miami.

Problems with funding arise when someone donates millions to the football program and then the university decides that because of that donation they don't need to allocate their normal amount of monies to the football program because, hey someone else already took care of our most basic needs....what a joke.

At Bama/LSU/ND/USC/Osuk those monies go where they are needed most.

If someone donates money it gets used for that purpose. UM gets a lot of money for research and health and thus that money can not be used for football. If it was it would jeopardize our relationships with those who donate. If money us donated for football then yes the money gets used for that.

In your example the money allocated for jock straps would go back to whatever fund it came from. If it was from the football fund then it would go back there. If two people were giving 4 million for jock straps the school would probably tell the second one that offers that they don't need the money for that and perhaps suggest would the money could go for football related.

The school could take a loan out while it runs a fundraising drive but it has choose not to do that.

So at the end of the day we both admit that UM has plenty of money for corches, facilities and jock straps they just choose to use it on tongue depressors instead.