Was it worth it? Do not let them fool you.

[jackedaround]

Sacrificing athletics for what academics?

"In 2011, The U.S. News and World Report rated the University of Miami as the 38th best university in America, placing it higher than ever before. UM’s ranking has fallen 15 spots since then (2018)." - The Miami Hurricane.

Now we are 52nd. Not exactly a trade off.

What is more upsetting is the true reality of what is ruining our school. Management at the top and the mission. We spend a quarter billion a year on research. This is 60 million more than auxiliary expenses which include residence halls, food services, retail stores and athletics. To put it in perspective it doesn't cost the school a dime to run the football program. NOT ONE DIME.

Currently, UM has net assets of 2.34 billion and they are sitting on unrestricted net cash of 270 million. This does not include any restricted funds from donors marked for football or athletics. Not to mention they have now decided to bury research and auxiliary expenses in the Financial Statements as of 2019. The reason...one can only wonder.

In 2006 UM generated 507 million in revenue from patient care and the hospital facility with expenses of 436 million. As of 2019 the revenue is now 2.105 billion and expenses are 1.887 billion. So what have we become? You tell me where the interests lie.

Let me be clear. We have the money to put the program back on the map. To put the right people in place. Yet we chose not to. The definition of insanity is doing the same thing over and over and expecting a different result. Or maybe the fans mission is not the same as those who actually run Miami. Stop feeding the problem and start putting the pressure on them. A comfortable nature is one which never moves.

 

[Go Canes!!]

I don't think anyone still believes we have money issues.

That ship sailed with the most recent TV contract and is no longer even a talking point the moment the ACC Network was launched.

 

[Unsider]

Short of stealing an AD from a top 10 program and paying him his worth, we are second fiddle to FIU.

 

[MichiCANE]

Let me be clear. We have the money to put the program back on the map. To put the right people in place. Yet we chose not to. The definition of insanity is doing the same thing over and over and expecting a different result. Or maybe the fans mission is not the same as those who actually run Miami. Stop feeding the problem and start putting the pressure on them. A comfortable nature is one which never moves.

Ding ding ding. We have a winner. Hit the nail right on the head, this is the issue.

I go to at least two games per year (being from Michigan), and until I see an actual commitment to the team, I won't go to another game. The only thing I'll do is buy some stuff off of Dyme Lyfe, which doesn't really give the university much money (if any?), although I am assuming they have to be licensed from the university.

We are a second rate university when it comes to athletics; it's not at the forefront. It's crazy too because winning in athletics = $$$

 

[jackedaround]

and if you want to know how we stack up based on the latest financials of these big boys (2018 or 2019). If you look it appears all three are better at running the actual university student life aspect aka auxiliary:

	Bama	Clemson	OSU
Net Assets after Liabilities	2,101	300	5,338
Unrestricted Cash / Investments	57	(756)	81
Research Expense	66	184	1,112
Auxiliary Revenue	200	189	328
Auxiliary Expenses	218	192	322
(Net Loss)	(18)	(3)	6

 

[We the Boss]

Sacrificing athletics for what academics?

"In 2011, The U.S. News and World Report rated the University of Miami as the 38th best university in America, placing it higher than ever before. UM’s ranking has fallen 15 spots since then (2018)." - The Miami Hurricane.

Now we are 52nd. Not exactly a trade off.

What is more is the true reality of what is ruining our school. Management at the top and the mission. We spend a quarter billion a year on research. This is 60 million more than auxiliary expenses which include residence halls, food services, retail stores and athletics. Yes, athletics to the U are auxiliary i.e. they are so small they do not matter. But to put it in perspective it doesn't cost the program a dime to run the football program. NOT ONE DIME.

Currently, UM has net assets of 2.34 billion and they are sitting on unrestricted net cash of 270 million. This does not include any restricted funds from donors marked for football or athletics. Not to mention they have now decided to bury research and auxiliary expenses in the Financial Statements as of 2019. The reason...one can only wonder.

In 2006 UM generated 507 million in revenue from patient care and the hospital facility with expenses of 436 million. As of 2019 the revenue is now 2.105 billion and expenses are 1.887 billion. So what have we become? You tell me where the interests lie.

Let me be clear. We have the money to put the program back on the map. To put the right people in place. Yet we chose not to. The definition of insanity is doing the same thing over and over and expecting a different result. Or maybe the fans mission is not the same as those who actually run Miami. Stop feeding the problem and start putting the pressure on them. A comfortable nature is one which never moves.

How much has Blake James embezzled for gender reassignment procedures?

 

[Go Canes!!]

and if you want to know how we stack up based on the latest financials of these big boys (2018 or 2019). If you look it appears all three are better at running the actual university student life aspect aka auxiliary:

	Bama	Clemson	OSU
Net Assets after Liabilities	2,101	300	5,338
Unrestricted Cash / Investments	57	(756)	81
Research Expense	66	184	1,112
Auxiliary Revenue	200	189	328
Auxiliary Expenses	218	192	322
(Net Loss)	(18)	(3)	6

You lost me there. Miami undergrad enrollment is closer to Wake Forest and Vanderbilt size wise than those three schools.

 

[jackedaround]

I don't think anyone still believes we have money issues.

That ship sailed with the most recent TV contract and is no longer even a talking point the moment the ACC Network was launched.

i would still like it to be brought to the forefront. i think it is compelling.

 

[jackedaround]

You lost me there. Miami is closer to Wake Forest and Vanderbilt size wise than those three schools.

i am showing we have more assets and disposable cash than two of those schools.

 

[JD08]

It's not a matter of money, its a matter of leadership. That stems from the AD. The BoT just needs to understand that Blake James isn't the guy to do it.

For all her warts, Shalala did improve academics and our financial position. Now there's no excuse past Blake James.

 

[Go Canes!!]

It's not a matter of money, its a matter of leadership. That stems from the AD. The BoT just needs to understand that Blake James isn't the guy to do it.

For all her warts, Shalala did improve academics and our financial position. Now there's no excuse past Blake James.

I agree, but I don't think one thing has to do with the other.

 

[mirednmediocrity2]

Sacrificing athletics for what academics?

"In 2011, The U.S. News and World Report rated the University of Miami as the 38th best university in America, placing it higher than ever before. UM’s ranking has fallen 15 spots since then (2018)." - The Miami Hurricane.

Now we are 52nd. Not exactly a trade off.

What is more is the true reality of what is ruining our school. Management at the top and the mission. We spend a quarter billion a year on research. This is 60 million more than auxiliary expenses which include residence halls, food services, retail stores and athletics. Yes, athletics to the U are auxiliary i.e. they are so small they do not matter. But to put it in perspective it doesn't cost the program a dime to run the football program. NOT ONE DIME.

Currently, UM has net assets of 2.34 billion and they are sitting on unrestricted net cash of 270 million. This does not include any restricted funds from donors marked for football or athletics. Not to mention they have now decided to bury research and auxiliary expenses in the Financial Statements as of 2019. The reason...one can only wonder.

In 2006 UM generated 507 million in revenue from patient care and the hospital facility with expenses of 436 million. As of 2019 the revenue is now 2.105 billion and expenses are 1.887 billion. So what have we become? You tell me where the interests lie.

Let me be clear. We have the money to put the program back on the map. To put the right people in place. Yet we chose not to. The definition of insanity is doing the same thing over and over and expecting a different result. Or maybe the fans mission is not the same as those who actually run Miami. Stop feeding the problem and start putting the pressure on them. A comfortable nature is one which never moves.

Have been bytching about this all year. What are they doing with all this money? There needs to be an investigation of the entire university administration. Get rid of Frenk first of all. He is useless. I also don't trust this BOT for a second. Ms. Bass needs her walking papers, too. Something's going on behind the scenes. The school resembles a seedy for profit college now. As for athletics, you don't have to look far to see absolutely nothing is spent on them. Our Godawful AD we already know should be canned.
We really whiffed when the PTB at this Yew didn't take the Admiral as President. (probably because Bass hates the military). He is a very smart man and gets things DONE.
Enough. BURN THIS YEW DOWN! Very glad the students and the school newspaper are on this mess!

 

[jackedaround]

It's not a matter of money, its a matter of leadership. That stems from the AD. The BoT just needs to understand that Blake James isn't the guy to do it.

For all her warts, Shalala did improve academics and our financial position. Now there's no excuse past Blake James.

you cant blame blake for being inept. you need to blame those actually running the school. and fwiw the ranking academically is no better than when Shalala took over. i would know i went there in the early 2000s.

 

[Fightinibis]

It's not a matter of money, its a matter of leadership. That stems from the AD. The BoT just needs to understand that Blake James isn't the guy to do it.

For all her warts, Shalala did improve academics and our financial position. Now there's no excuse past Blake James.

Her biggest wart? Determining that paying competitive head coaching salaries was not necessary at UM, or if it was, it still wasn't going to happen anyway. 2nd? Refusing to enforce the lease agreement with the City on the 'Ole Girl.

 

[Ormondcane]

I just read the November message from A D James. He's talking about all of the teams and then throws out a new fund raising campaign for 7 mil. to upgrade the baseball program and 3 mil. to finish off the IPF. At the end of his message he praises the new ACCN and how that allows us to promote our teams. With all of the money we are raking in for just fielding teams and not earning what are receiving, it seems pretty ballsy to be asking alums and fans to throw in a bunch more money.

 

[mirvin88]

Hire Jurich and Briles for peanuts and get the **** out of their way.

 

[JD08]

you cant blame blake for being inept. you need to blame those actually running the school. and fwiw the ranking academically is no better than when Shalala took over. i would know i went there in the early 2000s.

Then we agree that Blake is the problem.

Academically, you're right. I can remember being ranked 53rd for a long time.

 

[Memnon]

This is pure facts.

I'm so sick & tired of people always trying to use the "we're too poor & don't have any money excuse", that's bogus.

No, we're not raking in dough like Bama, Texas, TAMU & Clemson etc.. but we're not flat broke to the point where we can't compete at a higher level than we have.

The BOT & administration cares way more about being the Harvard of Florida than they do about building a winning football program. They don't allocate enough funds to the football program in recruiting budget, it needs to be increased drastically & YES TF THEY CAN AFFORD & anybody that says they can't is either lying or retarded or both.

We have the money necessary to increase the recruiting budget, invest in the football program & hire a good Coaching staff. The Presdient & the AD refuse to do so, but they absolutely can, the problem is the higher ups see nothing wrong with our athletic program because they don't give a sh*t about football or sports in general & only see Miami as a tax write off.

That's the source of our mediocrity for the last two decades, the people in charge do not give AF & constantly keep making bad decisions with no consequences or accountability for those decisions. Blake should've been fired years ago, the fact he hasn't speaks volumes to why we've been a below average team for such a long time.

Miami Football is dead because the administration & top brass at Miami killed it. The only way it will be revitalized is if those ****ers DIE off & someone else comes in to save us, otherwise this sh*t ain't changing anytime soon.

 

[JD08]

Her biggest wart? Determining that paying competitive head coaching salaries was not necessary at UM, or if it was, it still wasn't going to happen anyway. 2nd? Refusing to enforce the lease agreement with the City on the 'Ole Girl.

Was that really her though? Without as Sam Jankovich, we were just plain lucky. The OB probably was, but I'm sure she was making a business decision completely discounting the sentimentality associated with it. Realistically, the same people *****ing about an on campus stadium still would be. All it really needed on top of a remodel was a good parking solution. Fortunately that's not a problem for the Marlins.

 

[Fightinibis]

Was that really her though? Without as Sam Jankovich, we were just plain lucky. The OB probably was, but I'm sure she was making a business decision completely discounting the sentimentality associated with it. Realistically, the same people *****ing about an on campus stadium still would be. All it really needed on top of a remodel was a good parking solution. Fortunately that's not a problem for the Marlins.

If your talking about coaching salaries, she was on record stating that she believed head coaching salaries were already outrageous (I believe this was pre-2007 and Saban...while we acquired Shannon) and basically pledged she wasn't going to let UM get caught up in all of that.

I am of course paraphrasing, and I cannot recall where I read article.

As to my second point, I can see where your coming from, but it always bothered me a little bit to think (wild unsupported conspiracy theory on my part) to think that maybe she profited in some manner by moving UM away from any litigation over the Orange Bowl lease. Again, the City was in breach of the agreement for a loooooong time before they started kicking around the profitable notion of putting the Marlins there.
So, maybe it doesn't save the OB, but the damages were real....not to mention forcing UM to seek a home elsewhere.

UM