Don't tell Jesse Marks that Dan, he's been tweeting out that graphic of what the school has "put into" the program. That $350 mil or whatever it is for the stadium is a joke, as they aren't paying a single dime. Do they really think we are idiots?
Actually yes. Some people believed that bullchit propaganda they spit out. (AN EMAIL TO JESSE AND BLAKE BELOW)
Let's breakdown UM and their "investing" in UFootball and athletics.
$350 Million for Sun Life
UM isn't paying a dime for the renovation. So UM's is investing ZERO. Thanks Stephen Ross for "investing". When your landlord paints your apartment and re-paves the driveway do you as the tenant claim you were investing in the rental? No. The landlord is investing in the property they own, you may receive some minor benefits indirectly. By the way, that stadium is a train-wreck and offers nothing in terms of a home field advantage (but not the point of this email).
Net Investment Towards Athletics $0.00
$120 Million for UHealth
Congrats on the investing here. It's a shame that this has ZERO to do with ATHLETICS. From the UM website… "The University of Miami Health System has announced plans for a 200,000-square-foot ambulatory center on the University’s Coral Gables campus that will provide students, faculty, staff, and surrounding communities easy access to UHealth’s leading physicians." (See below Source #1)
On your own website, the following words are not mentioned "football" or “athletic” or “sport”. The UHealth ambulatory center is not a direct investment in sports. This is a joke and a flat out lie to claim this is an investment in athletics.
Net Investment Towards Athletics $0.00
$56 Million for the Student Activities Center
Two quick points about the SAC:
First, the total investment seems to be off. According to two different sources, the correct number is closer to $45-46.5 Million. (See below Source #2). Not that it matters.
Second, this investment is not for “athletics” or "sports" or "football" it is for “student life”. From your own website… “the SAC is an important addition to student life on the University of Miami Campus. The Center includes a 24-hour study space, student organization offices and lounge spaces, a Grand Ballroom, a Senate Room, multi-use meeting and activities rooms, and a media suite. Also housed in the Center are the offices for Student Life departments including: Student Activities and Student Organizations, the Butler Center for Volunteer Service and Leadership Development, Orientation and Commuter Student Involvement, and Reservations for the Student Center Complex. The Center is also the site of Starbucks, Jamba Juice, M2O, and the Rathskeller, which includes roller gliders and an outdoor bar with views of Lake Osceola.”
This again is not an example of directly investing in athletics. Another lie.
Net Investment Towards Athletics $0.00
In summation, UM’s three biggest claims towards investing in athletics are all misleading. You claim $557 Million but the real number is about $520 Million less.
Not only does UM pretend to have standards for our coaches we also lie to our alumni and fan base about investing in athletics.
Source #1:
http://www.miami.edu/index.php/news/releases/uhealth_at_coral_gables_announced/
Source #2:
http://www.miamiherald.com/sports/college/acc/university-of-miami/article1954324.html andhttp://www.bizjournals.com/southflorida/news/2013/08/22/um-student-activities-and-schwartz.html?page=all