Victory Fund and its goals

[Miami82]

Tough crowd around here.

That's great for the high schools. But we don't have it. So we can either continue to mock ourselves and criticize the attempt to improve or we can put our money where our mouths are and contribute to the fund and be part of the solution.

I believe his point is the school should be funding this. The merchandising alone brings the U a lot of money. They should be investing in the athletic programs, specifically the football program. I know its hip on here to say we can't afford this and that, but that is pure BS. If Shalala put her money raising skills on the football program we would be impressed.

that's not how it works. unless the university has money donated directly to athletics or they raise the athletic fee, they cannot use the university's general funds for athletics. you can lose federal and state funding over that (yes, we receive both, just not as much state money as the state schools). the athletic department already gets the money from the collegiate licensing company over use of the logo. what you have to realize is that football and basketball are the only 2 sports that make money and they have to cover the expenses of 14 other sports and all of their athletes. the department is really poor compared to most major d1 schools. the reason that alabama, fsu, and lsu have such good funding isn't because the university pours money into them, it's because they take in all of the revenue from their home stadiums and their boosters throw insane amounts of cash at them. that's why booster associations hold so much power over the athletic departments.

I know that, hence the victory fund. My point is this should have been around a lot longer. Shalala is excellent at raising funds. It is one of the reasons she was hired.

But now there is a fund to support athletics and people are *****ing because it is not $100 million or include a plan for Cowboy's Stadium on the lake.

Why you so angry?

 

[Miami82]

Cool, let's keep complaining instead of trying to address the problems one at a time. Yes they should have had, but they didn't, now they address it, people *****. Way to go, quite helpful.

we should knock down the Schwartz center because it was 10 years too late and not the most premiere in the country......

My point since you missed it, is that if Shalala made this one of her pet projects that fund would fill up. That's not complaining, it's called an observation.

 

[Ispyin]

Cool, let's keep complaining instead of trying to address the problems one at a time. Yes they should have had, but they didn't, now they address it, people ****. Way to go, quite helpful.

we should knock down the Schwartz center because it was 10 years too late and not the most premiere in the country......

My point since you missed it, is that if Shalala made this one of her pet projects that fund would fill up. That's not complaining, it's called an observation.

not of sure where you thought I was addressing you, seeing as I didn't quote you.

its not about you

 

[Miami82]

Cool, let's keep complaining instead of trying to address the problems one at a time. Yes they should have had, but they didn't, now they address it, people ****. Way to go, quite helpful.

we should knock down the Schwartz center because it was 10 years too late and not the most premiere in the country......

My point since you missed it, is that if Shalala made this one of her pet projects that fund would fill up. That's not complaining, it's called an observation.

not of sure where you thought I was addressing you, seeing as I didn't quote you.

its not about you

Its all about me....

Sorry my bad.

 

[Gamineal]

Pretty pathetic and telling about where Miami stands in the landscape of big-time college football. The SEC and bulk of major programs, especially state schools, eclipse Miami what it comes to facilities. Our latest wish-list is standard at these places and they're not out having to beg for cold tubs or a turf field.

Go see the Hecht and new facilities...get back to me..

 

[4Canes]

The hilarity of it all is that 98% of the loudmouths on here won't give a single dime. Oh, I know it's the old "not while coach X is still here" mantra, but that's just a smokescreen for a bunch of dogs that are all bark and no bite.

 

[BigCaneAl]

It is a sad state of affairs when it takes a fund to raise money for a new practice field. These types of campaigns really should be reserved for much larger 20million + type projects. The University has the money, it simply chooses to allocate those funds to other projects. Right or wrong, that's just the reality. It will take a shift in the priorities of the administration to get this type of funding.

Notre Dame just committed to 400 million in renovations to it's football stadium! That's a private school also, although one with an 8 billion dollar endowment.

 

[dookie blaylock]

It is a sad state of affairs when it takes a fund to raise money for a new practice field. These types of campaigns really should be reserved for much larger 20million + type projects. The University has the money, it simply chooses to allocate those funds to other projects. Right or wrong, that's just the reality. It will take a shift in the priorities of the administration to get this type of funding.

Notre Dame just committed to 400 million in renovations to it's football stadium! That's a private school also, although one with an 8 billion dollar endowment.

notre dame has an exclusive tv agreement with nbc and signed the biggest apparel deal in the history of college sports with under armour. they made just over $43 million in profit this year. $400 million is less than 10 years' worth of profit from their football program alone.

compared to us in 2011, the last released numbers i could find, we brought in under $7 million in football profits. that's why we don't have nice things.

 

[BigCaneAl]

It is a sad state of affairs when it takes a fund to raise money for a new practice field. These types of campaigns really should be reserved for much larger 20million + type projects. The University has the money, it simply chooses to allocate those funds to other projects. Right or wrong, that's just the reality. It will take a shift in the priorities of the administration to get this type of funding.

Notre Dame just committed to 400 million in renovations to it's football stadium! That's a private school also, although one with an 8 billion dollar endowment.

notre dame has an exclusive tv agreement with nbc and signed the biggest apparel deal in the history of college sports with under armour. they made just over $43 million in profit this year. $400 million is less than 10 years' worth of profit from their football program alone.

compared to us in 2011, the last released numbers i could find, we brought in under $7 million in football profits. that's why we don't have nice things.

7 million capital for a "business" that clears almost 7 million in profit is a joke....that's nothing.

 

[zoisgod]

a fund that goes entirely to football? count me out

 

[Pentagon Cane]

It is a sad state of affairs when it takes a fund to raise money for a new practice field. These types of campaigns really should be reserved for much larger 20million + type projects. The University has the money, it simply chooses to allocate those funds to other projects. Right or wrong, that's just the reality. It will take a shift in the priorities of the administration to get this type of funding.

Notre Dame just committed to 400 million in renovations to it's football stadium! That's a private school also, although one with an 8 billion dollar endowment.

notre dame has an exclusive tv agreement with nbc and signed the biggest apparel deal in the history of college sports with under armour. they made just over $43 million in profit this year. $400 million is less than 10 years' worth of profit from their football program alone.

compared to us in 2011, the last released numbers i could find, we brought in under $7 million in football profits. that's why we don't have nice things.

7 million capital for a "business" that clears almost 7 million in profit is a joke....that's nothing.

The Athletic Department that year netted about $2.7 millions. You have to factor in Title IX requirements for low, no revenue generating sports. Every university deals with this. They have a fund raising campaign to continue to improve the facilities. I was on campus back in September and I was very impressed with the Schwartz Center.

 

[NVA CANE]

Good to see they are trying to make these improvements.

In terms of finance, if the University invests in the football program it could sustain itself over time. When you're a consist winner you have greater opportunities to generate money IMO

 

[Ispyin]

It is a sad state of affairs when it takes a fund to raise money for a new practice field. These types of campaigns really should be reserved for much larger 20million + type projects. The University has the money, it simply chooses to allocate those funds to other projects. Right or wrong, that's just the reality. It will take a shift in the priorities of the administration to get this type of funding.

Notre Dame just committed to 400 million in renovations to it's football stadium! That's a private school also, although one with an 8 billion dollar endowment.

Not to let facts get in the way, but a lot of that is actually to build non athletic buildings to house academic needs, attached to he stadium, with stadium related things on the roof for example, such as luxury boxes. It's not a full 400 million the way you listed it

 

[gacericardo]

Count me in as excited. Getting better is never a bad thing

 

[Angry Ibis]

Good to see they are trying to make these improvements.

In terms of finance, if the University invests in the football program it could sustain itself over time. When you're a consist winner you have greater opportunities to generate money IMO

Good points.

May be part of the strategy at this point is to start small. Because the product on the field is hard to get excited about for major donations.

Chicken/egg?

Talent/scheme/wins/money

 

[TheEye]

If the fund is successful, expect a new one. Maybe the school can be competitive in hiring assistants for once.

 

[The GOAT]

can't forget a new box of Ice cream sandwiches for Jelani, maybe some crates of snickers bars...
why not start some bagman funding while we're at it...our handshakes just don't hold up to competitor's it seems

 

[MiamiE]

Shalala is a dumbass. The fund will take some time because most people realize a cafeteria, lights, and some pools aren't very important.