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Post by football44 on Jun 10, 2024 15:51:58 GMT -5
As I continue to read this thread, I am reminded of the insights from the great philosopher Lawrence Berra, "The Future Aint What It Used to Be." If we continue to grow 1843 LLC and recruit players who understand Holy Cross, I like the chances for our football and basketball coaches/teams to win and achieve roster stability. The status quo will not work for Holy Cross, now or in the future. If the CAF dollars are either general athletic revenue or assigned to a specific team as part of the base budget, we must do more. If we replace money that once came from the school treasures, I find it disappointing and not the reason I give to the CAF. My small to modest donations are made to follow the program's intent to support the extras, programs, and needs that put us on equal footing with the top FCS football teams and mid-major basketball programs. Unfortunately, in the future, the CAF, at any level of funding, is unlikely to be enough for us to compete, recruit, develop, and retain coaches and players and win championships in football and basketball. The CAF may keep the school investment in sports flat so the current spending can be spread to non-revenue sports while donations from alumni, family, and friends replace school dollars to provide funding to the base budget for the major sports. 90-Wide is a unique program offered by the alumni because it allows for mentoring, employment opportunities, and lifelong relationships for our student-athletes. However, in this new environment of the NIL, we will fall short even with the CAF and the crown jewel of Holy Cross, our 90-Wide program. That makes the third leg of the stool, 1843 LLC, a critical piece of the future success of Holy Cross Football and Men's Basketball. The incredible work and dedication of Mark, Roger, Whitey, and others to establish this NIL is a statement of their loyalty to and love for Holy Cross. It is up to the Holy Cross Family and Worcester Business Community to join this effort by becoming a member and contributing financially at any level. This effort needs to grow, and we can start with any level of support from former scholarship players and walk-ons, as well as you, the dedicated fans and supporters of Crossports. We can get this done, and in the words of former Redskin Coach George Allen, "The Future is Now." I am extremely pleased that football 44 and his partners at 1843 LLC have started to get things moving. I am sure that our NIL efforts will be different than Georgia (who have never beaten us) (just sayin'), and probably the 1843 LLC guys don't know exactly at this point how they will be supplementing our student athletes experience, but it is gratifying to know we are positioned to be in the game. We all have a lot to learn! Thank you chu chu!
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Post by football44 on Jun 10, 2024 15:53:02 GMT -5
As I continue to read this thread, I am reminded of the insights from the great philosopher Lawrence Berra, "The Future Aint What It Used to Be." If we continue to grow 1843 LLC and recruit players who understand Holy Cross, I like the chances for our football and basketball coaches/teams to win and achieve roster stability. The status quo will not work for Holy Cross, now or in the future. If the CAF dollars are either general athletic revenue or assigned to a specific team as part of the base budget, we must do more. If we replace money that once came from the school treasures, I find it disappointing and not the reason I give to the CAF. My small to modest donations are made to follow the program's intent to support the extras, programs, and needs that put us on equal footing with the top FCS football teams and mid-major basketball programs. Unfortunately, in the future, the CAF, at any level of funding, is unlikely to be enough for us to compete, recruit, develop, and retain coaches and players and win championships in football and basketball. The CAF may keep the school investment in sports flat so the current spending can be spread to non-revenue sports while donations from alumni, family, and friends replace school dollars to provide funding to the base budget for the major sports. 90-Wide is a unique program offered by the alumni because it allows for mentoring, employment opportunities, and lifelong relationships for our student-athletes. However, in this new environment of the NIL, we will fall short even with the CAF and the crown jewel of Holy Cross, our 90-Wide program. That makes the third leg of the stool, 1843 LLC, a critical piece of the future success of Holy Cross Football and Men's Basketball. The incredible work and dedication of Mark, Roger, Whitey, and others to establish this NIL is a statement of their loyalty to and love for Holy Cross. It is up to the Holy Cross Family and Worcester Business Community to join this effort by becoming a member and contributing financially at any level. This effort needs to grow, and we can start with any level of support from former scholarship players and walk-ons, as well as you, the dedicated fans and supporters of Crossports. We can get this done, and in the words of former Redskin Coach George Allen, "The Future is Now." Thank you efg!
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Post by Pakachoag Phreek on Jun 10, 2024 18:59:56 GMT -5
As I continue to read this thread, I am reminded of the insights from the great philosopher Lawrence Berra, "The Future Aint What It Used to Be." If we continue to grow 1843 LLC and recruit players who understand Holy Cross, I like the chances for our football and basketball coaches/teams to win and achieve roster stability. The status quo will not work for Holy Cross, now or in the future. If the CAF dollars are either general athletic revenue or assigned to a specific team as part of the base budget, we must do more. If we replace money that once came from the school treasures, I find it disappointing and not the reason I give to the CAF. My small to modest donations are made to follow the program's intent to support the extras, programs, and needs that put us on equal footing with the top FCS football teams and mid-major basketball programs. Contributions to the Crusader Athletic Fund go into two pots: (1) a general pot for donations that are not specifically designated by sport. (2) a pot for specific sport donations; e.g., $ designated for women's basketball, $ designated for men's lacrosse, etc. Funds designated for a specific sport cannot be spent on a different sport. Kit Hughes has some discretion in how the general pot monies are spent. For example, he could spend some of the monies on a specific sport, or spend them on equipment used by several sports, or use them on technologies or equipment used by many sports. Monies donated to the CAF are not part of the base budget for athletics or a specific sport. The base budget pays for merit-based financial aid. If football has 63 full scollie equivalents, those are paid from the base budget. Same for coaches' compensation. The base budget has x amount of funds for recruiting. These funds in the base budget can be supplemented by CAF funds. Funds to pay for operating (the so-called gameday) expenses are included in the base budget. As in the case of recruiting, these funds can be supplemented by funds from the CAF. Neither the base budget nor the CAF includes funding for NIL contracts. In 2023, the Gridiron Club raised $435,000, the most dollars of any sport. This was followed by men's ice hockey at $331,000. Men's basketball raised $73,000 and ranked 8th in terms of support. In 2024, the Gridiron Club has a goal of $800,000, with $600,000 already raised. I do not know why the goal was nearly doubled, but I suspect it reflects one or more very generous donations. (And these could be anonymous donations.) I think $800,000 total donations for football would be the largest such total in the PL.
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Post by longsuffering on Jun 10, 2024 19:19:09 GMT -5
As I continue to read this thread, I am reminded of the insights from the great philosopher Lawrence Berra, "The Future Aint What It Used to Be." If we continue to grow 1843 LLC and recruit players who understand Holy Cross, I like the chances for our football and basketball coaches/teams to win and achieve roster stability. The status quo will not work for Holy Cross, now or in the future. If the CAF dollars are either general athletic revenue or assigned to a specific team as part of the base budget, we must do more. If we replace money that once came from the school treasures, I find it disappointing and not the reason I give to the CAF. My small to modest donations are made to follow the program's intent to support the extras, programs, and needs that put us on equal footing with the top FCS football teams and mid-major basketball programs. Contributions to the Crusader Athletic Fund go into two pots: (1) a general pot for donations that are not specifically designated by sport. (2) a pot for specific sport donations; e.g., $ designated for women's basketball, $ designated for men's lacrosse, etc. Funds designated for a specific sport cannot be spent on a different sport. Kit Hughes has some discretion in how the general pot monies are spent. For example, he could spend some of the monies on a specific sport, or spend them on equipment used by several sports, or use them on technologies or equipment used by many sports. Monies donated to the CAF are not part of the base budget for athletics or a specific sport. The base budget pays for merit-based financial aid. If football has 63 full scollie equivalents, those are paid from the base budget. Same for coaches' compensation. The base budget has x amount of funds for recruiting. These funds in the base budget can be supplemented by CAF funds. Funds to pay for operating (the so-called gameday) expenses are included in the base budget. As in the case of recruiting, these funds can be supplemented by funds from the CAF. Neither the base budget nor the CAF includes funding for NIL contracts. In 2023, the Gridiron Club raised $435,000, the most dollars of any sport. This was followed by men's ice hockey at $331,000. Men's basketball raised $73,000 and ranked 8th in terms of support. In 2024, the Gridiron Club has a goal of $800,000, with $600,000 already raised. I do not know why the goal was nearly doubled, but I suspect it reflects one or more very generous donations. (And these could be anonymous donations.) I think $800,000 total donations for football would be the largest such total in the PL. It appears Coach Riga was a heck of a pick-up. He not only can coach, recruit and work the portal, he can help raise funds, too. Too bad the $331,000 can't be used as a retention bonus or extended contract to keep him or his staff, as I understand it from your post because salaries come out of the base budget, not CAF.
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Post by efg72 on Jun 10, 2024 19:26:07 GMT -5
As I continue to read this thread, I am reminded of the insights from the great philosopher Lawrence Berra, "The Future Aint What It Used to Be." If we continue to grow 1843 LLC and recruit players who understand Holy Cross, I like the chances for our football and basketball coaches/teams to win and achieve roster stability. The status quo will not work for Holy Cross, now or in the future. If the CAF dollars are either general athletic revenue or assigned to a specific team as part of the base budget, we must do more. If we replace money that once came from the school treasures, I find it disappointing and not the reason I give to the CAF. My small to modest donations are made to follow the program's intent to support the extras, programs, and needs that put us on equal footing with the top FCS football teams and mid-major basketball programs. Contributions to the Crusader Athletic Fund go into two pots: (1) a general pot for donations that are not specifically designated by sport. (2) a pot for specific sport donations; e.g., $ designated for women's basketball, $ designated for men's lacrosse, etc. Funds designated for a specific sport cannot be spent on a different sport. Kit Hughes has some discretion in how the general pot monies are spent. For example, he could spend some of the monies on a specific sport, or spend them on equipment used by several sports, or use them on technologies or equipment used by many sports. Monies donated to the CAF are not part of the base budget for athletics or a specific sport. The base budget pays for merit-based financial aid. If football has 63 full scollie equivalents, those are paid from the base budget. Same for coaches' compensation. The base budget has x amount of funds for recruiting. These funds in the base budget can be supplemented by CAF funds. Funds to pay for operating (the so-called gameday) expenses are included in the base budget. As in the case of recruiting, these funds can be supplemented by funds from the CAF. Neither the base budget nor the CAF includes funding for NIL contracts. In 2023, the Gridiron Club raised $435,000, the most dollars of any sport. This was followed by men's ice hockey at $331,000. Men's basketball raised $73,000 and ranked 8th in terms of support. In 2024, the Gridiron Club has a goal of $800,000, with $600,000 already raised. I do not know why the goal was nearly doubled, but I suspect it reflects one or more very generous donations. (And these could be anonymous donations.) I think $800,000 total donations for football would be the largest such total in the PL. PP I think you are addressing the way the CAF was introduced, which is why I give to the CAF—I will DM
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Post by efg72 on Jun 10, 2024 20:08:42 GMT -5
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Post by Pakachoag Phreek on Jun 10, 2024 20:54:07 GMT -5
Contributions to the Crusader Athletic Fund go into two pots: (1) a general pot for donations that are not specifically designated by sport. (2) a pot for specific sport donations; e.g., $ designated for women's basketball, $ designated for men's lacrosse, etc. Funds designated for a specific sport cannot be spent on a different sport. Kit Hughes has some discretion in how the general pot monies are spent. For example, he could spend some of the monies on a specific sport, or spend them on equipment used by several sports, or use them on technologies or equipment used by many sports. Monies donated to the CAF are not part of the base budget for athletics or a specific sport. The base budget pays for merit-based financial aid. If football has 63 full scollie equivalents, those are paid from the base budget. Same for coaches' compensation. The base budget has x amount of funds for recruiting. These funds in the base budget can be supplemented by CAF funds. Funds to pay for operating (the so-called gameday) expenses are included in the base budget. As in the case of recruiting, these funds can be supplemented by funds from the CAF. Neither the base budget nor the CAF includes funding for NIL contracts. In 2023, the Gridiron Club raised $435,000, the most dollars of any sport. This was followed by men's ice hockey at $331,000. Men's basketball raised $73,000 and ranked 8th in terms of support. In 2024, the Gridiron Club has a goal of $800,000, with $600,000 already raised. I do not know why the goal was nearly doubled, but I suspect it reflects one or more very generous donations. (And these could be anonymous donations.) I think $800,000 total donations for football would be the largest such total in the PL. It appears Coach Riga was a heck of a pick-up. He not only can coach, recruit and work the portal, he can help raise funds, too. Too bad the $331,000 can't be used as a retention bonus or extended contract to keep him or his staff, as I understand it from your post because salaries come out of the base budget, not CAF. There is always what I call the the Amaker rule. Harvard had/ still has? a policy that coaches cannot be paid more than the pay of the highest faculty member. Aside from agreeing to hire Amaker's wife, who has a Ph.D in psychology, a group of wealthy Harvard alums (one of whom, now deceased, was a member of HC's Cornerstone Society) entered into what amounted to a personal services contract between Amaker and them. This boosted his compensation by a substantial amount. This was revenue/income for Amaker, and not booked as revenue to Harvard.
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Post by Pakachoag Phreek on Jun 11, 2024 7:48:02 GMT -5
My key takeaways from the Baker interview re; the anti-trust settlement, and annotated.
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Post by longsuffering on Jun 11, 2024 13:06:12 GMT -5
The schools that chose NAIA are looking smart.
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Post by mm67 on Jun 11, 2024 14:38:40 GMT -5
Can the member schools vote to reject Baker's recipe? Robin Hood in reverse? Power 5/6 +ND & a few others should entirely separate from the rest. Let the big boys pick up the tab.
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Post by longsuffering on Jun 11, 2024 15:18:07 GMT -5
Can the member schools vote to reject Baker's recipe? Robin Hood in reverse? Power 5/6 +ND & a few others should entirely separate from the rest. Let the big boys pick up the tab. Probably, but it's a settlement for 20 cents on the dollar or something like that. Anecdotally it seems like college sports have been on a spending bender with everyone keeping up with the Joneses. Schools like Colgate with a sound gym right on campus that more than meets their seating needs are spending big bucks to build a new one. UConn WBB now has five assistant coaches. As Geno progresses in his seventies don't bet on him getting everybody's name right all the time. It will be interesting to observe how different schools handle the annual back to school haircut in their NCAA distribution. It doesn't have to be all bad if spending is right sized.
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Post by Pakachoag Phreek on Jun 11, 2024 15:23:57 GMT -5
Can the member schools vote to reject Baker's recipe? Robin Hood in reverse? Power 5/6 +ND & a few others should entirely separate from the rest. Let the big boys pick up the tab. I suppose they could, but then they could potentially be liable for even more money. IIRC, by negotiating a settlement, the potential liability was reduced from $20 billion to $2.8 billion.
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Post by hc69 on Jun 11, 2024 15:45:24 GMT -5
Can the member schools vote to reject Baker's recipe? Robin Hood in reverse? Power 5/6 +ND & a few others should entirely separate from the rest. Let the big boys pick up the tab. As others have noted, we could. But it wouldn't get us anywhere. The NCAA by-law that banned NIL was adopted by the membership as a whole, so we're all on the hook even if it's unlikely any of our athletes would have benefited.
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