|
|
Post by alum on Apr 14, 2022 9:17:47 GMT -5
I attended the Crusader Athletic Fund track and field webinar. Coach Kavanagh and Coach Alfonso, and their assistants participated. The highlights:
1. The new track and turf field will be built this summer and done, assuming no problems, by August.
2. They put on a good face about the lack of an indoor track. They said that they are getting enough access and use of Luth but clearly, loss of a dedicated indoor facility (even a substandard one) hurts. When asked if a new indoor facility was on the horizon, KH admitted that it was not although he did not rule it out completely. I get the impression that absent a huge gift, it won't happen soon.
3. The men and women have one scholarship each (.25 per year is one way to look at that.) I was under the impression that the women had more than that. Perhaps they have been reduced. This compares to a league average of 3.8 for men and 6.8 for women. Obviously, those do not include the service academies.
4. They talked about some Southern travel for track and the ND trip for XC as being supported by the CAF.
5. They want a full time assistant coach.
About 50 people attended although a complete roster was not made available. There was, not surprisingly, a lot of good natured ribbing and appreciation for Coach K. who has been at HC for about 50 years. From questions posted in the Q and A function, I did note that a number of HC track greats participated, including Art Dulong.
|
|
|
|
Post by Pakachoag Phreek on May 8, 2022 7:18:45 GMT -5
I attended the Crusader Athletic Fund track and field webinar. Coach Kavanagh and Coach Alfonso, and their assistants participated. The highlights: 1. The new track and turf field will be built this summer and done, assuming no problems, by August. 2. They put on a good face about the lack of an indoor track. They said that they are getting enough access and use of Luth but clearly, loss of a dedicated indoor facility (even a substandard one) hurts. When asked if a new indoor facility was on the horizon, KH admitted that it was not although he did not rule it out completely. I get the impression that absent a huge gift, it won't happen soon. 3. The men and women have one scholarship each (.25 per year is one way to look at that.) I was under the impression that the women had more than that. Perhaps they have been reduced. This compares to a league average of 3.8 for men and 6.8 for women. Obviously, those do not include the service academies. 4. They talked about some Southern travel for track and the ND trip for XC as being supported by the CAF. 5. They want a full time assistant coach. About 50 people attended although a complete roster was not made available. There was, not surprisingly, a lot of good natured ribbing and appreciation for Coach K. who has been at HC for about 50 years. From questions posted in the Q and A function, I did note that a number of HC track greats participated, including Art Dulong. Very, very strange about the scollies #. Total Expenses, all track combined 2017-18 / 2020-21Boston University $3120K / $2976K Holy Cross $1887K / $1084K HC's total expenses line has to include significant financial aid, it may be need-based., rather than merit, particularly in 2020-21. Operating expenses in 2020-21 for HC were $112K. Calling Inspector Clouseau.  |
|
|
|
Post by longsuffering on May 8, 2022 13:10:40 GMT -5
Inspector (Phreek), the ESPN+ announcer termed the location of today's baseball game as "Hanover Insurance Park at Fitton Field at the College of the Holy Cross."
Does that mean HC is still receiving an annual naming rights payment or is that accruing to the Worcester Bravehearts as part of their lease?
If HC is receiving revenue from either the Insurance company or the Bravehearts and short-arming the baseball team with zero athletic scholarships, that's disappointing.
The hockey arena traditionally brought in rental income and the hockey teams are fully funded. The pool probably brought in some revenue but I don't think Swimming has scholarships. It will be great to see the planned additional department wide scholarships.
I suppose they should go where most strategic regardless of facility rental income, but still would be nice to allocate the H.I.P. naming rights fee to baseball scholarships if we are still getting a fee.
|
|
|
|
Post by Pakachoag Phreek on May 8, 2022 19:17:42 GMT -5
Inspector (Phreek), the ESPN+ announcer termed the location of today's baseball game as "Hanover Insurance Park at Fitton Field at the College of the Holy Cross." Does that mean HC is still receiving an annual naming rights payment or is that accruing to the Worcester Bravehearts as part of their lease? If HC is receiving revenue from either the Insurance company or the Bravehearts and short-arming the baseball team with zero athletic scholarships, that's disappointing. The hockey arena traditionally brought in rental income and the hockey teams are fully funded. The pool probably brought in some revenue but I don't think Swimming has scholarships. It will be great to see the planned additional department wide scholarships. I suppose they should go where most strategic regardless of facility rental income, but still would be nice to allocate the H.I.P. naming rights fee to baseball scholarships if we are still getting a fee. I doubt that Hanover Insurance is paying for naming rights. Their name is on the field because their $$$ paid for the major upgrade. I suspect the rental fees paid by the Bravehearts simply covers maintenance and upkeep. Don't know whether HC takes a slice of any concessions revenue. I believe as, a matter of policy, that HC does not apply generated revenue (ticket sales, concession sales, rental payments) to fund financial aid for athletes. (Let me hasten to add that generated revenues can and are used to offset the cost of scollies.) That would be a bad practice; as whether a athlete received a scollie would be dependent on an unpredictable revenue stream. The only exception that I am aware of is at Duke, where the scholarship of every player of the men's basketball team is funded by a restricted endowment. The endowment has so much money that the team managers are on a scollie as well. (I do not know what happens to roster players #14, 15, 16, as players with basketball scollies are counters, and the cap is 13 counters.) Also do not know if a player declares that he will pay for his cost of attendance out of his NIL income. Does he remain a counter? |
|
|
|
Post by longsuffering on May 8, 2022 20:30:40 GMT -5
BC has the Flynn Fund, named after the long time AD. The Fund contains numerous endowed scholarships named for particular alumni and other donors who have donated to create that scholarship.
For instance, Lacrosse player Mallory Hasselbeck, daughter of Matt Hasselbeck, is the recipient of the Kenneth Zankel scholarship of the Flynn Fund. Her sister Annabelle Hasselbeck is receiving the McAuliffe Family Scholarship. Duke transfer Charlotte North receives the Hale Family Flynn Fund scholarship and many other athletes receive named scholarships in the Flynn Fund which may be the equivalent of HC's CAF, or closer to the Holy Cross endowment or a hybrid.
How that meshes with the NCAA, IDK but it must be Kosher.
|
|
|
|
Post by Pakachoag Phreek on May 9, 2022 6:50:17 GMT -5
BC has the Flynn Fund, named after the long time AD. The Fund contains numerous endowed scholarships named for particular alumni and other donors who have donated to create that scholarship. For instance, Lacrosse player Mallory Hasselbeck, daughter of Matt Hasselbeck, is the recipient of the Kenneth Zankel scholarship of the Flynn Fund. Her sister Annabelle Hasselbeck is receiving the McAuliffe Family Scholarship. Duke transfer Charlotte North receives the Hale Family Flynn Fund scholarship and many other athletes receive named scholarships in the Flynn Fund which may be the equivalent of HC's CAF, or closer to the Holy Cross endowment or a hybrid. How that meshes with the NCAA, IDK but it must be Kosher. Revenue from a restricted endowment fund, e.g., the Flynn Fund, is categorized as "generated revenue". There is no restriction on use of such revenue for athletic scholarships. I should have been clearer with respect to my reference to Duke. boardroom.tv/coach-k-duke-legacy-fund/Last year, the endowment of Coach K's Legacy fund was valued at $115 million dollars. If the annual distribution is 4.5%, that's about $5 mullion. At $75,000 per scollie, that's a lot of scollies. The question I have is if the number of scollies in men's basketball is capped at 13, are players #14, #15, #16 on the roster full-pays, or do they receive scollie money too, by virtue of the scollie being funded by a restricted endowment? I do not ask this question lightly, there are several universities, e.g., Princeton, whose endowment has grown so large that the university is unable to spend the distribution of the endowment, and the unspent distribution recycles back into the endowment corpus. IIRC, in 2021, for Princeton that amount was $322 million. Revenue from Princeton students paying tuition and fees was about a third of that amount. Princeton is nearing the point that everyone attending Princeton will pay little or nothing to matriculate. From the language in the article, it would appear that the compensation of the men's basketball coach is not paid for by the Duke legacy fund, but assistant coaches' salaries are funded. |
|
