Rumor- UCONN Pursuing ACC Membership? | Page 13 | The Boneyard

Rumor- UCONN Pursuing ACC Membership?

The State of Connecticut enters into dozens of relationships with businesses which costs state dollars to protect CT jobs and tax base. As does every other state. You disagree with it, that's fine -- you're not alone -- but it's a reasonable and common state action. Is the particular deal a good one? Way beyond my ability to know. Or yours.
My only take on this, you can't be so cavalier about the jobs of thousands of tax paying citizens because of where UConn is in conference realignment. I know people who work there and have worked there in the past who were making comfortable 6 figure livings for their families. Those tax payers could give a rats you know what about what conference UConn sports play in, if it means putting their jobs at risk.
 
The State of Connecticut enters into dozens of relationships with businesses which costs state dollars to protect CT jobs and tax base. As does every other state. You disagree with it, that's fine -- you're not alone -- but it's a reasonable and common state action. Is the particular deal a good one? Way beyond my ability to know. Or yours.
Are those dozens of imagined tax incentives to ongoing businesses? Are they to ongoing businesses who have cost the state of Connecticut taxpayers, literally, hundreds of millions of dollars? Because I can’t think of another one that meets that fact pattern. Perhaps you can?
 
My only take on this, you can't be so cavalier about the jobs of thousands of tax paying citizens because of where UConn is in conference realignment. I know people who work there and have worked there in the past who were making comfortable 6 figure livings for their families. Those tax payers could give a rats you know what about what conference UConn sports play in, if it means putting their jobs at risk.
So @noeynox doesn’t that logic mean that the state of Connecticut should incentivize every employer in the state of Connecticut? Because everyone of employees employees. If not, then, how do you decide which employers are the beneficiaries of statewide largesse? One criteria that would seem to make sense is are they good citizens of the state of Connecticut. If a business is, I don’t know checking out toxins into the Connecticut river, maybe that’s not a business we want to incentivize. Or, perhaps, it makes sense to say hey, cleaning up your operations is so important to us that we would look favorably upon future tax relief applications. If you did it. See how that works?

In any event, let me say again that subsidizing resident companies for their ongoing operations is generally a mistake. It’s very difficult to do it in an evenhanded manner. If Connecticut is such an onerous state, tax wise, such that existing companies can’t be profitable within it, doesn’t make more sense to restructure the tax system to make Connecticut a more business friendly environment? (For what it’s worth, that is exactly the engine that made Connecticut one of the wealthiest states in the nation.)
 
Are those dozens of imagined tax incentives to ongoing businesses? Are they to ongoing businesses who have cost the state of Connecticut taxpayers, literally, hundreds of millions of dollars? Because I can’t think of another one that meets that fact pattern. Perhaps you can?
Yes. In terms of big tax breaks, go and look at what CT did to get Swiss Bank’s trading operations to Stamford. And they didn’t even stay,
 
Yes. In terms of big tax breaks, go and look at what CT did to get Swiss Bank’s trading operations to Stamford. And they didn’t even stay,
Was that to draw the trading ops to Stamford or was it just to subsidize existing business because those are two very different things, right? Look at this way if you’ve got a business, that’s burning capital to maintain operations, that’s a problem and unsustainable over the long haul. But if they are using capital to establish or expand operations, that’s a more reasonable decision.
 
So @noeynox doesn’t that logic mean that the state of Connecticut should incentivize every employer in the state of Connecticut? Because everyone of employees employees. If not, then, how do you decide which employers are the beneficiaries of statewide largesse? One criteria that would seem to make sense is are they good citizens of the state of Connecticut. If a business is, I don’t know checking out toxins into the Connecticut river, maybe that’s not a business we want to incentivize. Or, perhaps, it makes sense to say hey, cleaning up your operations is so important to us that we would look favorably upon future tax relief applications. If you did it. See how that works?

In any event, let me say again that subsidizing resident companies for their ongoing operations is generally a mistake. It’s very difficult to do it in an evenhanded manner. If Connecticut is such an onerous state, tax wise, such that existing companies can’t be profitable within it, doesn’t make more sense to restructure the tax system to make Connecticut a more business friendly environment? (For what it’s worth, that is exactly the engine that made Connecticut one of the wealthiest states in the nation.)
You are correct in your 2nd statement but that has nothing to do with ESPN and UConn sports.

Those incentives were given to ESPN and they had nothing to do with UConn and conference realignment. My belief is they had to do with providing X number of jobs. I'm assuming ESPN has delivered on those X number of jobs and whatever else was part of the agreement for the incentives/Tax breaks.

How and who the state chooses to give these incentives, I haven't the slightest clue. My best guess is they have to with good paying jobs creation, as those people will pay state income tax and that is huge source of revenue for this state.

UConn had people in charge to run the university and avoid this predicament for UConn sports. Herbst, Pendergast, Warde, and Hathaway all failed miserably. Probably others responsible as well but those are the faces I see when I think of where they are. Long term I think FB is in vulnerable place, though it kills me to admit it. BB in the Big East at least for now in a very good spot.
 
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Was that to draw the trading ops to Stamford or was it just to subsidize existing business because those are two very different things, right? Look at this way if you’ve got a business, that’s burning capital to maintain operations, that’s a problem and unsustainable over the long haul. But if they are using capital to establish or expand operations, that’s a more reasonable decision.
That was to bring them into the state.
 
You are correct in your 2nd statement but that has nothing to do with ESPN and UConn sports.

Those incentives were given to ESPN and they had nothing to do with UConn and conference realignment. My belief is they had to do with providing X number of jobs. I'm assuming ESPN has delivered on those X number of jobs and whatever else was part of the agreement for the incentives/Tax breaks.

How and who the state chooses to give these incentives, I haven't the slightest clue. My best guess is they have to with good paying jobs creation, as those people will pay state income tax and that is huge source of revenue for this state.

UConn had people in charge to run the university and avoid this predicament for UConn sports. Herbst, Pendergast, Warde, and Hathaway all failed miserably. Probably others responsible as well but those are the faces I see when I think of where they are. Long term I think FB is in vulnerable place, though it kills me to admit it. BB in the Big East at least for now in a very good spot.
Whatever incentives they got, they got. But the next time they come, hat in hand to the state looking for additional money the state should certainly consider their actions as corporate citizens. Since that is a criteria, it certainly seems reasonable to make them aware of that. There are a lot of ways to do that that are not confrontational, and the vast majority of them would not be done in public. That could happen is simply as expressly, adding “corporate citizenship” to the evaluation criteria in making a public release stating that.

I continue to believe that tax incentives only makes sense when you are “incentivizing” job growth. Giving tax relief to existing companies who are otherwise threatening to leave the state would be counterproductive.

Given our conference realignment status, your allocation of blame is fair. There is plenty to go around.
 
That was to bring them into the state.
Then that’s reasonable, right? But that’s a different thing, then saying you have to pay existing employers to keep them in state. I don’t think you said this expressly, but that’s been the theme in this thread.
 
Then that’s reasonable, right? But that’s a different thing, then saying you have to pay existing employers to keep them in state. I don’t think you said this expressly, but that’s been the theme in this thread.
As I recall the ESPN deal, it was to expand the facilities, not just redo them. I know there are other CT companies that get paid to expand and stay, as opposed to build bigger in another state. It's all publicly available information.
 
As I recall the ESPN deal, it was to expand the facilities, not just redo them. I know there are other CT companies that get paid to expand and stay, as opposed to build bigger in another state. It's all publicly available information.
Yeah, not really getting your point.

Let me summarize the discussion and bring you up to speed:

Tax incentives to create jobs – good.

Tax incentives as de facto extortion payments to keep companies in state – bad.

Looking at a company’s history in the state when deciding whether or not to offer them a tax incentive – also good.
 
 
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Just asking this question. Would the B1G give UConn a look because of two stellar basketball programs, Jim Mora and his football team, and because of UConn’s support of its Ice Hockey program, the new arena, etc. The B1G also gets it hooks into the NYC metro area and the rest of the Northeast.
It’s possible but becoming a member of the prestigious AAU would be a huge boost. I’m sensing big changes coming
 
Yes, we have a very large metro!!
The Big 12 looked to a 100 mile radius as a means to compare schools. I’ve posted it here before but we are something like 11M to 14M within 100 mile radius.
 
It’s possible but becoming a member of the prestigious AAU would be a huge boost. I’m sensing big changes coming
I too would like UConn in the AAU but membership involves a lot that is beyond UConn's control. Florida State is working to get into the AAU as well, as are many other universities. So far, UConn is not an academic research powerhouse though could become one.
 
It’s possible but becoming a member of the prestigious AAU would be a huge boost. I’m sensing big changes coming
Just curious, do you mean that you’re sensing that UConn will become a member of the AAU? What makes you sense big changes are coming, whether it be AAU or not?
 
Just asking this question. Would the B1G give UConn a look because of two stellar basketball programs, Jim Mora and his football team, and because of UConn’s support of its Ice Hockey program, the new arena, etc. The B1G also gets it hooks into the NYC metro area and the rest of the Northeast.
That would be the hope. If Rutgers can go to big 10, anyone can.

Issue is UConn doesn’t materially move the needle money wise. So, this would have to be a reason that isn’t money related (they like basketball, hockey, baseball, soccer etc).

When was last time a conference made a move that wasn’t solely about money?
 
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I too would like UConn in the AAU but membership involves a lot that is beyond UConn's control. Florida State is working to get into the AAU as well, as are many other universities. So far, UConn is not an academic research powerhouse though could become one.
UConn has a Carnegie R1 rating ranking it as a top research institution.
 
Just curious, do you mean that you’re sensing that UConn will become a member of the AAU? What makes you sense big changes are coming, whether it be AAU or not?
Not sensing AAU in the near future. I’m expecting major upheaval because the Big12, Pac12 & BE are all in for new TV contracts and the media dictates conference membership and changes. AD Dave Benedict had been recently quoted as he expects UConn to do what’s best for the school & Coach Mora has been telling recruits we’re moving up in football a conference. Just putting all the little pieces tells me change us coming for us. Most exciting tidbit is that the new Big12 commissioner is big on basketball so we may fit in there somehow as I’ve seen on Twitter. I love the BE but we’re talking huge money for the school. Go Huskies!!
 
That would be the hope. If Rutgers can go to big 10, anyone can.

Issue is UConn doesn’t materially move the needle money wise. So, this would have to be a reason that isn’t money related (they like basketball, hockey, baseball, soccer etc).

When was last time a conference made a move that wasn’t solely about money?
I think we bring the New England market and secure NYC and fit the eastern footprint. Anything is possible with 3 major conferences in tv negotiations.
 
Not sensing AAU in the near future. I’m expecting major upheaval because the Big12, Pac12 & BE are all in for new TV contracts and the media dictates conference membership and changes. AD Dave Benedict had been recently quoted as he expects UConn to do what’s best for the school & Coach Mora has been telling recruits we’re moving up in football a conference. Just putting all the little pieces tells me change us coming for us. Most exciting tidbit is that the new Big12 commissioner is big on basketball so we may fit in there somehow as I’ve seen on Twitter. I love the BE but we’re talking huge money for the school. Go Huskies!!
If Mora is telling recruits that UConn football will be moving into a conference then there must be something in the works. Only negative is paying the Big East for leaving.
 
If Mora is telling recruits that UConn football will be moving into a conference then there must be something in the works. Only negative is paying the Big East for leaving.
And leaving a conference that is a better fit…right now we are selling out both venues… our fan base is excited every big east game… at least 3 schools are a bus ride a way…right now New York City is hopping.. with fans excitement though the roof …Hurley is out recruiting 99% of the schools…money is the only positive of moving out of the big east.. if we do… i hope it’s worth it
 
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And leaving a conference that is a better fit…right now we are selling out both venues… our fan base is excited every big east game… at least 3 schools are a bus ride a way…right now New York City is hopping.. with fans excitement though the roof …Hurley is out recruiting 99% of the schools…money is the only positive of moving out of the big east.. if we do… i hope it’s worth it
UConn doesn't fit in the current Big East institution-wise.
 
… Coach Mora has been telling recruits we’re moving up in football a conference.
If Mora is telling recruits that UConn football will be moving into a conference then there must be something in the works.

Just for clarity… this is what Coach Mora said - as related by a 2023 Commit:

-> Jackson Harper, one of UConn’s recruit in the 2023 class, said Mora told him he wants UConn to join a power five conference in the future.

“First of all, he explained that he has a goal of joining the ACC within the next few years,”Harper said, via Mike Anthony of CT Insider. “Obviously, they have to have a few respectable seasons for the ACC to really take them seriously. But he also talked about how there are no professional teams in Connecticut, so if you can just get the attention and respect of everyone in Connecticut, we will have a good fan base.” <-
 
That would be the hope. If Rutgers can go to big 10, anyone can.

Issue is UConn doesn’t materially move the needle money wise. So, this would have to be a reason that isn’t money related (they like basketball, hockey, baseball, soccer etc).

When was last time a conference made a move that wasn’t solely about money?
Yeah, I don’t disagree, but I think you have to define what “materially moving the needle” means. The big 10 gets something like it $75 million per school in media rights and BTN distributions. For a school to “materially move the needle” they would have to bring in enough money to cover their share, $75 million, plus enough money so that every other school is enriched enough to make inviting them, worthwhile. I don’t know what that number is, but it certainly is something north of $100 million a year. That is an extraordinarily difficult row to hoe.

I do think that UConn is a good fit in a lot of ways in that we are a land grant university, in a populous area, that is academically a good school, with a strong research tradition, that plays a lot of sports, and plays them well, in an area from in a lot of big 10 alumni reside, with an extraordinary tradition in men’s basketball, and in unequaled tradition in women’s basketball. So, there is money to be had, potentially by adding UConn, a school with a good fanbase, that is passionate about the team, and with something like 11,000,000 to 14,000,000 people within 100 miles of campus.

That’s a lot, but, probably falls significantly short of the hundred million dollars plus, per year, that we would need to be able to bring in to make us a viable candidate. I suppose there is some slim hope that at some point the big 10 might need to expand and be looking for “partial share members”. There, I think the math might work for us.

Thee bottom line is, we are unlikely to go to either the Big Ten, or the SEC, but that doesn’t mean we would be an attractive in a “best of the rest” conference like the post 2036 ACC.
 
Both Syracuse and Nebraska booted from AAU in recent years. UConn should do everything it can to gain membership for academic and athletic reasons

I think it's safe to say that has already been thought of and is being acted on.
 
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