Non-Key Tweets | Page 820 | The Boneyard

Non-Key Tweets

Chuck said:
At first blush, San Diego State's numbers look a bit scary. Their ratio of athletic to non-athletic debt looks way too skewed towards athletic. Maybe it was a "if you build it, they will come" strategy to get into the Pac 12. Colorado State is the only other non-P4 (I'm giving Wash St a pass) in the top 30 of athletic debt.
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Without context it's impossible to determine if the debt any of these schools are carrying is a problem.

We are currently in an environment where any debt that is four to six years old is a massive bargain while anything new is at a cost that hasn't been seen in decades. I'll wager heavily that in many cases, schools listed above wish they borrowed more in 2019 than the did.

Another thing that needs to be considered is what the debt was used for. Even at recent interest rates, if it was used to build additional student housing, there is a very strong likelyhood that it was a quality investment.

I cannot speak on the athletic department debt without knowing what the sources were (I cannot see a bank loan to cover staffing salary increases) and how the funds were used.
 
The Total Institutional Debt rankings were interesting...26 FBS schools with a debt of a billion..or more.

Georgia's relative debt was low...lower than Bowling Green and Ball State.
 
C.W. Lambert@InsideTheBig12

Here's what I know about the Kansas rumor... and I discussed it before... months ago. Kansas and WVU are on the SEC's radar. Both would be more desirable - in future expansion - than ACC candidates other than CU/FSU. Nothing is imminent. Nothing could happen until 2031.


C.W. Lambert@InsideTheBig12
·
31m
My advice is don't worry about it. Don't get your hopes up. Don't count on it or brag about it. The Mountaineers have always been on the SEC's radar. The SEC has always thought highly of WVU football.


C.W. Lambert@InsideTheBig12
·
31m
The Mountaineers have been the runner-up 3 times losing out to Arkansas, South Carolina and Mizzou. Many in the SEC believe it was a mistake taking Mizzou over WVU.



C.W. Lambert@InsideTheBig12
·
32m
So when somebody credible tells me the SEC is looking at WVU again my first response is why? So they can break our hearts again? Leave us at the alter again?


C.W. Lambert@InsideTheBig12
·
32m
I can tell you a universal truth that you can take to the bank. The Jayhawks and Mountaineers need to win, they need to dominate the Big 12 between now and 2031. Because the Big 12 program that dominates - reaches the playoffs on a regular basis - becomes the SEC's first choice.



C.W. Lambert@InsideTheBig12
·
32m
I'm not going to argue with anyone who disrespects the Mountaineer program and the SEC's interest. Do your damn research. Adding WVU would plant the SEC flag squarely in B1G territory. PA, OH, MD, etc. WVU would have natural rivalries with Kentucky and Tenn.


C.W. Lambert@InsideTheBig12
·
33m
Again, Kansas and WVU might have pole position as the race starts... but its a long way from the finish line. They might have the SEC's eye right now, but they have 6 years to earn an invitation... or lose it.
 
GREG SWAIM SHOW@GSwaim
·
1h
Just officially began hospice yesterday, so keep those prayers coming!!



GREG SWAIM SHOW
@GSwaim
I haven't advertised this, but 57 years after doctors in Columbus, Ohio told my parents that I probably wouldn't live to 20, they apparently were only off by 41-plus years.

I'm going into hospice soon, but really don't know exactly how long I have...so will compete until the day I go home.

I'm now on a ventilator 23-plus hours daily in bed (why I have so much time to post on social media and watch sports ), but very comfortable at this point and enjoying my family.

I really delayed posting this, because I'll get the traditional "I'm so sorry..." and that's fine, but what I'd rather get from those I grew up with, went to college with, and those I've known since the 90's to share a favorite memory with you that I may have forgotten!!

I'm very much at peace with this, as it was inevitable at some point, and I've been able to do so many things in a profession that I've created and love...and two of my sons will take over the family business and no doubt will take it to an entirely new level.

I do believe strongly in prayer, and will take anything you've got, but DO NOT feel bad for me, as I've done so much and have been so blessed with family and friends in my 61-plus years.

Ok, now that I've got that off my chest, let's talk sports...and bring it, as you know I definitely will
9:09 PM · Jan 29, 2024
from Oklahoma, USA


Lynn Ketelsen@Lynn_Ketelsen
·
Jan 30
Greg, what is your condition?



GREG SWAIM SHOW@GSwaim
·
Feb 3
Nemaline Myopathy
 
This isn’t an issue if you have
billybud said:
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endowments much larger than those debts. The endowments are invested. If the returns are greater than the interest in the debt, you are fine.
 
Waquoit said:
I imagine they are running away from Texas. It's what they do.
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I knew they were rivals but this seems more like hate .
They were not happy with not being told by the SEC in advance of the Texas add and when they voiced their disapproval they were pretty rudely rebuffed .
 
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jostar1 said:
C.W. Lambert@InsideTheBig12

Here's what I know about the Kansas rumor... and I discussed it before... months ago. Kansas and WVU are on the SEC's radar. Both would be more desirable - in future expansion - than ACC candidates other than CU/FSU. Nothing is imminent. Nothing could happen until 2031.


C.W. Lambert@InsideTheBig12
·
31m
My advice is don't worry about it. Don't get your hopes up. Don't count on it or brag about it. The Mountaineers have always been on the SEC's radar. The SEC has always thought highly of WVU football.


C.W. Lambert@InsideTheBig12
·
31m
The Mountaineers have been the runner-up 3 times losing out to Arkansas, South Carolina and Mizzou. Many in the SEC believe it was a mistake taking Mizzou over WVU.



C.W. Lambert@InsideTheBig12
·
32m
So when somebody credible tells me the SEC is looking at WVU again my first response is why? So they can break our hearts again? Leave us at the alter again?


C.W. Lambert@InsideTheBig12
·
32m
I can tell you a universal truth that you can take to the bank. The Jayhawks and Mountaineers need to win, they need to dominate the Big 12 between now and 2031. Because the Big 12 program that dominates - reaches the playoffs on a regular basis - becomes the SEC's first choice.



C.W. Lambert@InsideTheBig12
·
32m
I'm not going to argue with anyone who disrespects the Mountaineer program and the SEC's interest. Do your damn research. Adding WVU would plant the SEC flag squarely in B1G territory. PA, OH, MD, etc. WVU would have natural rivalries with Kentucky and Tenn.


C.W. Lambert@InsideTheBig12
·
33m
Again, Kansas and WVU might have pole position as the race starts... but its a long way from the finish line. They might have the SEC's eye right now, but they have 6 years to earn an invitation... or lose it.
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Lambert's modus operandi: here's rumor about P4 school possibly going to a different conference. Adds "and West Virginia" and posts it as inside info.
 
CL82 said:
Lambert's modus operandi: here's rumor about P4 school possibly going to a different conference. Adds "and West Virginia" and posts it as inside info.
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My favorite quote of his here - "Kansas and WVU are on the SEC's radar. Both would be more desirable - in future expansion - than ACC candidates other than CU/FSU."

So he thinks Kansas and WVU are more valuable than UNC, UVA, Miami, etc.? Hmmm....... :rolleyes:
 
shizzle787 said:
This isn’t an issue if you have

endowments much larger than those debts. The endowments are invested. If the returns are greater than the interest in the debt, you are fine.
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Thats not how it works. In general, most of the endowment is for specific things like scholarships, endowed professorships,... which can not be used to pay off the debt.
 
UConnJim said:
Thats not how it works. In general, most of the endowment is for specific things like scholarships, endowed professorships,... which can not be used to pay off the debt.
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Well aware of that. Still doesn't change the fact that if your endowment is greater than your debts, those who gave would much rather see the school survive if it came to brass tacks. The donor can amend in times of need.
 
.-.
shizzle787 said:
Well aware of that. Still doesn't change the fact that if your endowment is greater than your debts, those who gave would much rather see the school survive if it came to brass tacks. The donor can amend in times of need.
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You really don't understand endowments. You do realize that many of the operating expenses are paid for by endowment funds already. The scholarship money from the endowment already goes to the operating funds. If you even could redirect the money to pay interest or pay down debt, you would reducing the operating funds of the university and creating a major problem. And, it is almost impossible to change the terms of a restricted donation to an endowment and the endowment is comprised of thousands of individual endowments. To help understand the issue, at Syracuse, the average endowment fund out of the total $1.9 billion endowment is ~$750k.

When colleges have debt, they have to pay off the debt through operating revenues and/or unrestricted donations.
 
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UConnJim said:
You really don't understand endowment
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Jeff Goldblum What GIF by The Late Late Show with James Corden

Uh... never mind...
 
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ZooCougar said:
It's likely. They have good football.
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And a cool football stadium as well, but they haven't always had good football. That is a Willie Fritz phenomenon, previously Bob Toledo had a couple of good seasons. Same thing with Memphis. For most of my life both programs were an abomination. CFB is about the headcoach 1st and foremost and competent QB play 2nd. If you have a good coach, you have to pay up to retain him. Not much different than you do with a Calhoun, Hurley, or Geno. Finding that right coach is the tricky part.
 
noeynox said:
And a cool football stadium as well, but they haven't always had good football. That is a Willie Fritz phenomenon, previously Bob Toledo had a couple of good seasons. Same thing with Memphis. For most of my life both programs were an abomination. CFB is about the headcoach 1st and foremost and competent QB play 2nd. If you have a good coach, you have to pay up to retain him. Not much different than you do with a Calhoun, Hurley, or Geno. Finding that right coach is the tricky part.
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Tulane kind of has intermittent periods of decency punctuated by long periods of being bad.
 
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mikeinmanila said:
The Big 12 is worst of the P4 options for UConn... by far (unless they add at least 4 northeast teams)
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It’s the only viable option we have. The ACC is on the verge of imploding, and the better leftovers will flee to the big 12. See collapse of PAC. And there’s no way we’re ever getting into the SEC or B1G
 
SouthBayHusky said:
It’s the only viable option we have. The ACC is on the verge of imploding, and the better leftovers will flee to the big 12. See collapse of PAC. And there’s no way we’re ever getting into the SEC or B1G
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If there is a strong enough core of ACC teams leftover they might be able to add teams and keep the ACC afloat. Hopefully we find out soon.
 
billybud said:
www.wralsportsfan.com

UNC trustees critical of Cunningham, to review athletic department amid budget concerns :: WRALSportsFan.com

The University of North Carolina-Chapel Hill Board of Trustees also set a $134.9 million budget for the 2024-25 school year.
www.wralsportsfan.com www.wralsportsfan.com
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Multiple members of the BoT going on record saying the ACC is lagging in revenue, they blame the commissioner and want to actively explore other options? I'd call that "Key Tweets".

Trustee Dave Boliek, a former chairman, said after the meeting there was an "imbalance in the budget" that required shifting dollars from other fund balances to cover the cost of athletics. He said the board hasn't been given a strategy on how UNC will move forward.

"Carolina's ability to maintain excellence at a high level is going to require really prudent budgeting and revenue models and potential cost cutting," Boliek said. "A lot of it is due to the revenue or lack there of of revenue that we're not receiving from the ACC deal."

The ACC distributes about $40 million per school to its member institutions. But the SEC and Big Ten are projected to distribute up to $70 million in coming years due to growing media rights agreements. The two leagues will receive more money than the ACC each year of the new College Football Playoff.

"It's not something you can chance with the snap of a finger," Boliek said. "It's something we've got to be cognizant of. We can't sit back and cross our fingers and pray for pennies from heaven and thinking everything is going to 'work out.' We have to actively pursue what's in the best interests of Carolina athletics."

Florida State and Clemson have sued the ACC seeking to lessen their fees and penalties for leaving the league.

Boliek said he wants UNC to join a higher-revenue league.

"I am advocating for that," he said. "That's what we need to do. We need to do everything we can to get there. Or the alternative is the ACC is going to have to reconstruct itself. I think all options are on the table."

Preyer told WRAL in March that the ACC was failing its top schools, including North Carolina.

"The conference is not acting as if it is representing the best interests of the member schools including the top tier of those schools - Clemson, Florida State, North Carolina," Preyer said.

"Instead, it is acting at the expense of those schools to prop up the bottom tier of the conference in a way that I think is a gross abdication of responsibility. And I lay that at the feet of the commissioner."
 
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