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zcats said...
One could get a pretty good road map of how to fix things by first talking to Rich Brooks and second talking to South Carolina about what they did to get Spurrier and keep him. It is not a mystery. You upgrade men's basketball by giving up control and money. You upgrade women's basketball with money. You upgrade everything else with money taken from football. If you want a football program you give up a considerable amount of control of revenue to football and pay the coaches very well. The facilities will follow the wins.
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Kooky Kats 247
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Kooky Kats 247 said...
Mitch isn't doing us any good if he can't allocate funds HE is responsible for allocating. The main purpose for an AD IS to reinvest into the overall football product. From there its simple trickledown economics. If football is successful it ensures competitiveness, if not success for EVERY UK sport.
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Josh Edwards said...
We simply can not do large renovations without bonding. That is the reason that we haven't seen Commonwealth renovations done. I just don't know why it is so dang hard to get the state's support. UK should be able to devise and present a plan to illustrate how they would re-pay the bond through luxury suites, etc...
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MinterWonderlnd said...
Correct. UK can NOT do 100 million dollar+ projects without the help of the state. However, it's more obvious than ever that UK has had enough money from football revenues to fund multiple projects in the 4-8 million dollar range, ie recruiting room and projects of that scale. For whatever reason, they chose not to.
This post was edited by hoptownukfan on 9/21/2012 at 1:33 PM
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hoptownukfan said...
That's simply false.
Look at the facts and compare to other schools.
Every other school in the SEC relies on football to fund their ENTIRE athletic department including boys basketball. UK is the only program that funds their entire athletic department from football and basketball.
Another massive difference is this. Amongst the schools we "want to be". Bama, Georgia, Florida, Tennessee etc... their football teams produce massive amounts of cash from footbal compared to UK. It's not even close. Why do they produce this? Because they don't have to go to frankfort to beg for the money. They have their own bonding authority. The commonwealth of KY's laws dont' allow schools to bond on their own.
So while UK football does support other sports, it does so with much less money. You're not comparing apples to apples.
Barnhart and Brooks both agreed to postpone the "recruiting room" (overrated) so that it woudl be included in the stadium renovation when that happens. Brooks and Barnhart put players facilities first. Numerous 1,000,000 + projects have been done in the last 8 years. I've listed them on here before. A 2 million project was done last year for teh jumbo trons, sound systems and ribbon boards.
So in reality, UK football is facing a double barreled issue. A. They have to operate on less revenue because we don't have the suites and club seatings the big boys have. But we also face a much bigger issue in getting those "big boy money generators". We have to beg politicians for the money. That's the main issue. If we had the "big boy money generating seats" then we could do even more of the 4/8 million dollar projects.
So instead of making this stuff up about "they choosing not to" fund these projects, call David Williams and tell him to give UK $500,000,000 more in bonding capacity.
This post was edited by BigBlue1202964 on 9/21/2012 at 2:39 PM
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BigBlue#1 said...
Even with current revenue, UK could easily afford a large bonding project without any monetary assistance from the state or the university. That revenue is going to see an even larger bump when the new tv contracts are negotiated in the next couple of years. If ESPN jumps on board with the SEC tv idea, then UK could see tv revenue increases up to 10 or 15 mil a year on top of what they receive now. Those are high end figures I have seen, but at a minimum they will get a 5-8 mil a year bump.
The troublesome part I see is the amount of potential revenue UK misses out on. Luxury suites, terrible teams, and decreased season ticket sales suck away a lot of potential cash. If UK could field a solid team most years, a team that competes, and isn't the butt of every national tv analyst's joke, there is millions more to be had there also, from increased ticket sales.
Kentucky is no different than the rest of America. Football is the top sport. To say this is a basketball state is one of the dumbest things I have ever heard. 90% if not more of all the UK basketball fans I know, only watch UK. They watch no other basketball, because they don't enjoy it. I can't tell ya how many times I've had other fans say, I would love to go to UK football games, but who wants to go watch your team get drubbed. UK football fan support would dwarf basketball, because more people in the state like football, just like the rest of America. If not for Rupp's success, no one would call this a basketball state. Like any other fan base in the country, the most successful teams get the most attention.
I love the basketball team as well as the football team. Never miss a game, go to the SEC tourneys, NCAA games when plausible, and home games when I can during the season. And just like most other UK fans, football is my favorite sport.
This post was edited by hoptownukfan on 9/21/2012 at 3:18 PM
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catcard202 said...
What nobody seems to be talking about the fact that UKAA has given over $100M to the university since 2002.
Yeah, that $Millions beyond what they've paid in scholarships, office rental fees - merchandise revenues & the such)....And had the UK Admin allowed UKAA to bank those funds, instead of funneling that money to pet projects (like the %$535M UK Hospital). UKAA would have the coin on hand to make the improvements to Commonwealth (& the FB complex) the program so desperately needs...And most likely the new baseball stadium, as well - since the compounded interest on that kinda coin would have been close to $38M over 10yrs (conservative 3% increases)
This post was edited by hoptownukfan on 9/21/2012 at 6:34 PM
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catcard202 said...
No...That's not my opinion at all.
I'm saying that UK should be able to not suck every last cent out of UKAA. When they are separate entities. W/ very different mandates!
IMO, UK Academia shouldn't be choosing to bleed one profit stream, In favor of another profit stream that could fully pay for itself. Especially not when UK, as an institution, has a $2.6B budget...2.6 BILLION....And they've had other huge ungodly #'s tossed out there every yr for yrs & yrs!!!
So, it's not like they do not have the funds available to support their own pet projects...Dr. Todd's $535M investment/legacy in the Albert B. Chandler / UK Hospital makes %100 sense to build it...No doubt, No arguments...I'm from Eastern KY & I understand the need. BUT COM'ON...The UK hospital project will be a very profitable investment for UK.
As for the UKAA (who's recently released info on a $91.9M figure for it's 2013 budget)...There stated tasked is...And I quote, from the UK official website on this: "The department is responsible for pursuing all facility upgrades and new construction on its own, without being granted bonding authority."...(IE. The UKAA doesn't need bonding authority to complete it's job of facility construction!!!)
BTWN theses 2... IMO, There's no debate when it comes to FB projects vs health care projects,when it comes to gaining bonding authority in the KY legislature...It's always much much easier to get bonding from the state for Hospital projects!!! And by bilking/reallocating $Millions of UKAA profits to help pay for the above pet project...it had a very damaging effect on to UK as a whole. (not just to the FB program)
So, It's not that it just took much needed funds away from future planning for the UKAA's Cash Cow (FB)...It made UKAA unable to fulfill it's stated responsibilities! It's the same backwoods thinking that never allowed UK FB to fully maximize it's potential...How could it...Many fail to see the damage as long as UK MBB is the gold standard...They do not seem to understand that there's so much to gain through FB success in the SEC! (Not just adding more FB revenue, It's the lost marketing & visibility that SEC FB success brings (FB moves the needle...BB - not so much in the grand scheme of things!)...Winning FB increases enrollment & donations....It helps the city, the state & university as a whole..And what's good for UK, LEX, & KY is good for me!
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catcard202 said...
LSU is one of the profitable athletic programs that are doing the same kinda of funding that UKAA has been doing for yrs...But it should be noted that they reported $47M in FB related profits in 2011 (vs $18.1M by UK FB)...So, $36M over the next 5yrs is not = to $100M+ over the last 10yrs at UK.
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UK Campus Newspaper now weighing in on Football Funding