Benedict has to address this mess | Page 5 | The Boneyard

Benedict has to address this mess

Status
Not open for further replies.

whaler11

Head Happy Hour Coach
Joined
Aug 27, 2011
Messages
44,374
Reaction Score
68,261
Ok. I guess you can buy Diaco out

Don't have quite enough to do that - it doesn't change the fact the market is up 80% since Herbst took over and doubling the endowment isn't a
reason to have a parade.
 
Joined
Sep 16, 2011
Messages
48,844
Reaction Score
167,792
Diaco is the kind of guy who bullies people into bets and then doesn't pay.
I fell for his energy when he first became our coach, quickly I had my doubts about him as a coach but gave it a wait and see approach until it became apparent he is a horrible coach. I still liked him as a person until I finally saw what this guy is all about this season. Not only do I think he's the worst coach in D1 but he's also a POS.
 
Joined
Aug 27, 2011
Messages
7,501
Reaction Score
15,690
I came off my best college basketball season ever... and had a brutal
college football season.
Whaler there is still some time to make a small run in CFB and recoup some of your losses
 

whaler11

Head Happy Hour Coach
Joined
Aug 27, 2011
Messages
44,374
Reaction Score
68,261
Whaler there is still some time to make a small run in CFB and recoup some of your losses

I made a small run thanks to Diaco.

I had a 6-0 day in the NFL today and have Kansas City so all is not lost!
 

UConnNick

from Vince Lombardi's home town
Joined
Sep 17, 2011
Messages
5,076
Reaction Score
14,074
Comparing Texas and Connecticut is utterly ridiculous
1. Size of the respective schools
2. The amount of money generated by the athletic departments - UT has its own tv network
3. The economy of the state- Malloy has killed this state, Texas is doing real nice

Do you think URI, UMass, UNH, UVM or UMaine could swallow $3.7 mill never mind $5mill?

None of those schools would have been stupid enough to put that large a buyout in the contract and agree to it.
 
Joined
Oct 28, 2014
Messages
550
Reaction Score
1,100
Comparing Texas and Connecticut is utterly ridiculous
1. Size of the respective schools
2. The amount of money generated by the athletic departments - UT has its own tv network
3. The economy of the state- Malloy has killed this state, Texas is doing real nice

Do you think URI, UMass, UNH, UVM or UMaine could swallow $3.7 mill never mind $5mill?

and again, we act as if this $5 million wasn't a self-freaking inflicted wound
 
Joined
Aug 27, 2011
Messages
6,951
Reaction Score
17,213
Athletic success is absolutely paramount to UConn's continued success, it's what got the school where it is today.

And out of the 38K applications they will get this year I bet about 3K of those kids care. Having a bad few years of football doesn't close a university.
 

UConnNick

from Vince Lombardi's home town
Joined
Sep 17, 2011
Messages
5,076
Reaction Score
14,074
And out of the 38K applications they will get this year I bet about 3K of those kids care. Having a bad few years of football doesn't close a university.

They may not care, but a high athletic profile is likely one of the reasons they've heard about the school and checked it out, even if they don't care about sports.
 

UConnDan97

predicting undefeated seasons since 1983
Joined
Feb 12, 2012
Messages
12,040
Reaction Score
42,505
No it hasn't.

June 2011 (end of FY)
$329 million

June 2016 (end of FY)
$376 million

Exactly! It quadrupled!

Shut up.

(Just kidding) ;)
 
Joined
Mar 31, 2013
Messages
636
Reaction Score
1,436
Getting back on topic, when will Benedict talk about what's going on? How can he stay quiet?

Thank you. Do most of you remember where this thread started before it degenerated into blasting Herbst, Geno , Manual etc? We are all unhappy, but lets stop lashing out at others. The fact is, we may not know who they are, but there enough highly successful UCONN graduates that buying our Diaco can be done.
Herbst was hired as an academic president. I don't know her personally, but it appears she is doing a good job of that. The reputation of UCONN in the eyes of potential employers has grown significantly. Hopefully she is smart enough to rely on her AD and others for guidance on athletics. As to the problem at hand, as I said in another thread, if you look at the decline in attendance and what is likely to be a slide in advertising revenues, I don't think UCONN can afford to keep Diaco on. The potential loss of revenue seems to outweigh the cost of a buyout,
 

whaler11

Head Happy Hour Coach
Joined
Aug 27, 2011
Messages
44,374
Reaction Score
68,261
No it hasn't.

June 2011 (end of FY)
$329 million

June 2016 (end of FY)
$376 million

It these are the right numbers what in the world have they been doing? How is anyone connected to the investments employed?
 
Joined
Aug 26, 2011
Messages
87,945
Reaction Score
329,329
The fact is, we may not know who they are, but there enough highly successful UCONN graduates that buying our Diaco can be done.

Not sure what you are trying to say here?
 

UConnDan97

predicting undefeated seasons since 1983
Joined
Feb 12, 2012
Messages
12,040
Reaction Score
42,505
It these are the right numbers what in the world have they been doing? How is anyone connected to the investments employed?

They all had large buyouts in their contracts...

...too soon?
 
Joined
Aug 27, 2011
Messages
6,578
Reaction Score
16,671
agreed it was a huge accomplishment
BUT if he wan't a Mich alum - would he have even gotten a sniff?
Given the sports world does not operate in a Storrs and Connecticut National Flag and White shaded prism, and based on Manuel's established professional success and extremely high respect in Ann Arbor followed by university sports-industry success and development with Buffalo and UConn alike, yes, highly likely. Clearly, Michigan looked at much more than just Manuel's alma mater.
You are kidding, right? At best he's a mediocre AD and arguably below average. He made no major transformations, and missed the boat on CR at a critical moment. So, how does a guy with short, nonimpactful ride at UConn and a previous run at a second rate nondescript university, make it to one of the premier AD positions in the country? What other factors could there be?
 
Joined
Aug 27, 2011
Messages
6,951
Reaction Score
17,213
They may not care, but a high athletic profile is likely one of the reasons they've heard about the school and checked it out, even if they don't care about sports.

Sure. But regardless of whatever temper tantrums we throw, the way UCONN is viewed by prospective students at large isn't swayed just because we aren't playing well. If we fire BD and hire Nick Saban we won't get noticibly more applicants.
 
Joined
Aug 27, 2011
Messages
2,216
Reaction Score
4,004
It these are the right numbers what in the world have they been doing? How is anyone connected to the investments employed?

the S&P only accounts for the portion of the endowment's investment return which is invested in stocks

see 2015 UConn Foundation Endowment Report | UConn Foundation

"The portfolio’s sixth consecutive year of positive returns has resulted in a healthy 8.0% average yearly return during that period."

almost all are volunteers and highly successful investment professionals, Board of Directors | UConn Foundation

Investment Committee
Drew Figdor, Chair
George Aylward
Noha Carrington
Roger Felberbaum (non-voting)
Clint Gartin
Gary Gladstein (non-voting)
Sheldon Kasowitz (non-voting)
Doug Lawrence
Ben Michelson
Josh Newton
Joe Parsons
John Rafal
Tony Rizza
Marsha Roth
Bob Sherman
Rob Skinner
Dan Toscano
 
Status
Not open for further replies.

Online statistics

Members online
325
Guests online
2,623
Total visitors
2,948

Forum statistics

Threads
157,206
Messages
4,088,288
Members
9,983
Latest member
dogsdogsdog


Top Bottom