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Post by Pakachoag Phreek on May 3, 2024 15:20:54 GMT -5
I'll not bring up demographics -- which are heavily weighted against New England -- but I will raise a point that pipelines of future students and future student-athletes are not created in a year or even a bunch of years.
Referencing BC as a case in point, for BC"s class of 2027, 19.7 percent are from MA, 13.3 percent are from CA, FL, and TX, and 9 percent are from the five other New England states. This is a school that 40 years ago had so many students from Boston that they were aggregated by neighborhood, how many from Southie, how many from Dorchester, how many from West Roxbury, how many from Charlestown, etc. It took decades for BC to change the geographic alignments.
IMO, it would be wise to build on the recruiting outreach to states like Fl, GA, TX, CA, because over the next 10-20 years that's where the under 18 population is holding its own, relatively speaking. (After 20 years, there likely will be an exodus from FL and TX as sea levels rise and other climate factors come into play.)
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Post by Pakachoag Phreek on May 3, 2024 10:44:15 GMT -5
Nothing will happen at Clark. This is exam week. Residence halls close on May 8 at noon.
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Post by Pakachoag Phreek on May 3, 2024 10:33:46 GMT -5
Catholic school enrollment has dropped from 2,231,000 in 2007-08 to 1,693.000 in 2023-24 (almost 25 percent) Much of the decrease is disproportionately centered in the New England and Mideast regions (Catholic education association geographic terminology; U.S. is divided into six regions.). Enrollment is more stable or marginally increasing in other regions. A major emphasis in admissions for HC's class of 2028 was geographic outreach to schools in areas that HC had largely ignored in the past. This emphasis will continue. What does this have to do with football recruiting? I don't care if every recruit comes from the same high school as long as they can play. (1) It has to with football recruiting because -- as has been posited on Crossports again and again since the beginning of Crossports -- football and basketball are a way to build a national brand for Holy Cross. And a reason to have a national brand is to increase the number of applicants from outside of New England, new York, and New Jersey. (2) And perhaps one ought recruit where the talent is more abundant. End of 2023 composite Top 25 high school rankings. www.maxpreps.com/news/rYG3j65_MU6cE5gvlenPIA/high-school-football-rankings-mater-dei-finishes-no-1-in-media-composite-top-25.htmFour of the top six schools in the composite rankings are Catholic schools from CA, NV, and FL.
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Post by Pakachoag Phreek on May 3, 2024 8:37:53 GMT -5
In 2022-23, HC spent $1,043,000 on women's lacrosse. Excluding American which spent $842,000, average spending at the other six schools (USMA, USNA excluded) was $1,471,000 (Boston U spending overweights the average by about $50,000.) Roughly, this equates to HC averaging five fewer full scollies than the others. So AB's success this season is all the more impressive.
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Post by Pakachoag Phreek on May 3, 2024 7:59:24 GMT -5
First 21 offers by State: CALIFORNIA -- 1 MARYLAND -- 8 VIRGINIA -- 2 CONNECTICUT -- 3 ILLINOIS -- 1 (Committed to Miami (OH)) DELAWARE -- 1 MASSACHUSETTS -- 3 PENNSYLVANIA -- 1 NEW JERSEY -- 1 No known commitments except as noted. Interesting that there are no offers in Florida or Texas as yet, but I'm sure that many offers there will follow. There's no fixed timetable regarding offers to recruits in particular states that I've ever been able to see in the past. Catholic school enrollment has dropped from 2,231,000 in 2007-08 to 1,693.000 in 2023-24 (almost 25 percent) Much of the decrease is disproportionately centered in the New England and Mideast regions (Catholic education association geographic terminology; U.S. is divided into six regions.). Enrollment is more stable or marginally increasing in other regions. A major emphasis in admissions for HC's class of 2028 was geographic outreach to schools in areas that HC had largely ignored in the past. This emphasis will continue.
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Post by Pakachoag Phreek on May 3, 2024 7:16:06 GMT -5
There are a minuscule number of Jewish students matriculating. And a minuscule, if any, number of students with familial ties to Palestine / Middle East matriculating.
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Post by Pakachoag Phreek on May 2, 2024 19:59:48 GMT -5
The author also tossed all the schools in the University of California system. Even though in August 2023, the same author listed four universities in the University of California system in the Forbes Top 25 colleges list.N For reasons not explained, Northeastern didn't make the list. Northeastern had 98,000 applicants, and a 6.8 percent acceptance rate. In 2023, MU had a 50 percent yield rate.
Also, NYU didn't make the list. Acceptance rate of 9.4 percent, and yield of 54 percent.
And Tufts should have made the list, with nearly 7,000 undergraduates, so above the arbitrary cutoff of 4,00
Forbes itself is now owned by an investment group headquartered in Hong Kong, with the name of integrated Whale.
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Post by Pakachoag Phreek on May 1, 2024 16:02:57 GMT -5
This job opening is for a contractor to Holy Cross. It is not a Holy Cross job opening.
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Post by Pakachoag Phreek on May 1, 2024 8:44:38 GMT -5
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Post by Pakachoag Phreek on Apr 28, 2024 18:04:38 GMT -5
The HC press release:
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Post by Pakachoag Phreek on Apr 27, 2024 16:00:36 GMT -5
Supposedly at the end of 2022, HC and CU were basically dead even in endowment. They either found more benefactors (or the existing ones gave a bit more) or they invest better. Or maybe both. Endowment value Colgate / HC / differential 2019 949 / 786 / 163 2020 954 / 760 / 194 2021 1263 / 1043 / 220 2022 1147 / 993 / 154 2023 1202 / 1043 / 159 The 1043 twice is not a typo.
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Post by Pakachoag Phreek on Apr 27, 2024 8:56:32 GMT -5
HC's bond rating from S&P and Moody's? Moody Aa3 (fall 2022) S&P AA- (summer 2023)
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Post by Pakachoag Phreek on Apr 27, 2024 6:44:44 GMT -5
There may never be an "official" release. Likely that the next appearance will be at the introduction of the next capital campaign, when new facilities at the top of the priority list are described, along with a price tag for each. The College's long term debt was $236 million on June 30, 2023. Nearly $60 million of that debt matures 2024-26. There's probably not much appetite to re-finance much of that at this time. Thank you, Packachoag. Can you explain further the significance of the debt maturity to me? Are you saying that it will be a hindrance to further capital expenditures, or possibly delay the campaign? I’m fairy ignorant on stuff like this. But an infrastructure geek! Holy Cross' long-term debt is currently being paid off at a rate of $8 -9 million a year. However, in 2026, the amount due is $40+ million. This jump probably reflects the maturing of a balloon note that Holy Cross secured, IIRC, during the COVID pandemic when the finances of all colleges and universities were disrupted. The balloon note was probably used to cover an anticipated shortfall in revenue, and HC did not want to report an operating loss. Balloon notes are typically for a short period, with little/no principal paid until the final year of the note. The balloon note's maturing in 2026 would not affect the schedule of the capital campaign. It is possible that HC has used the balloon note as a cash reserve, and invested it. However, if HC had decided to use the proceeds of the balloon note to construct the City View townhouses and the new Jesuit residence (neither seems to have been financed through long-term bonds) then IMO, other options come into play, e.g., pay-off the note from the proceeds of a new long-term bond issuance, or convert the balloon note into a long-term debt instrument, or secure a new balloon note for the same amount as the original (unlikely). Holy Cross' long term debt is about $220 million. Colgate's is nearly double that. Boston College's long-term debt is $1.5 billion, with annual interest payments of over $50 million, and principal payments of over $30 million. Little wonder that BC's new capital campaign doesn't call for much in the way of new facilities.
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Post by Pakachoag Phreek on Apr 26, 2024 18:34:19 GMT -5
^^^ As a point of reference, Colgate (with a very similar enrollment to HC's) had total expenses of $249 million. Colgate's institutional fin aid grants totaled $74.4M (including $16 million in athletics awards).
Colgate's endowment value for fiscal 2023 was $160 million higher than HC's.
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Post by Pakachoag Phreek on Apr 26, 2024 18:19:29 GMT -5
Holy Cross' total expenses in fiscal 2023 were $229.0 million
Assuming an on-campus enrollment of 2900 (excludes those studying elsewhere, i.e., NYC, DC, other countries), the expenses per on-campus student were $79,000.
However, Holy Cross awarded $64M in financial aid grants, including $14M in athletic awards. Much of the grant money was obtained by charging full-pay students a tuition/fees/room & board amount above that needed to cover the College's expenses. The full-pays are 'subsidizing those receiving financial aid grants; i.e., a redistribution of 'wealth'.
A key feature of the next capital campaign will be to increase the endowment value which should reduce the amount that full-pays subsidize the College's financial aid program.
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Post by Pakachoag Phreek on Apr 26, 2024 17:26:30 GMT -5
^^^ That a bag of NIL money at his feet?
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Post by Pakachoag Phreek on Apr 26, 2024 13:36:47 GMT -5
There may never be an "official" release.
Likely that the next appearance will be at the introduction of the next capital campaign, when new facilities at the top of the priority list are described, along with a price tag for each.
The College's long term debt was $236 million on June 30, 2023. Nearly $60 million of that debt matures 2024-26. There's probably not much appetite to re-finance much of that at this time.
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Post by Pakachoag Phreek on Apr 25, 2024 18:57:19 GMT -5
Wow- that “total cost” number at MIT is hard to believe Even harder to believe is that the "total cost" for a graduate student is 3x the cost of educating an undergraduate student.. I suspect that varies significantly by degree program. ----------------- True story; Circa 1970, BC students went on strike because the school announced a $500 increase in tuition. As a percentage of total tuition cost at that time, this was HUGE increase. Why did BC announce such a hike? The school's operating deficit was $5.6 million. If BC didn't increase it's revenue stream, bankruptcy and a sale to Harvard loomed. And what about the BC endowment? you ask. The total value of the endowment at that time was $6 million.
As the BC student newspaper noted at the time. Harvard's endowment was about $1 billion. Harvard's endowment was over 160x times larger than BC's. Now it is 13-14x times larger. So ten-fold progress by BC. --------------- Cost of tuition at St. Sebastian's school, west of Boston, in the current 2023-24 academic year is $58,200. (A whopping $2,000 cheaper than HC's tuition cost.) Day school so no room/board charges.
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Post by Pakachoag Phreek on Apr 25, 2024 14:15:10 GMT -5
According to MIT, for 2024-25, tuition and fees cover less than half the cost incurred by MIT for educating an undergraduate. For MIT, total cost of attendance to MIT per U/G student is between $125,000-$130,000. Tuition is $62,000. Additional revenue from room and board (about $20,000 per) reduces the gap, An analysis from 2015-16, for private colleges and universities, indicated that tuition covered about 60 percent of the cost of educating an undergraduate student. collegeaffordability.urban.org/cost-of-educating/subsidies/
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Post by Pakachoag Phreek on Apr 25, 2024 7:21:42 GMT -5
I will argue that the greatest redistribution of wealth resulted from George W. Bush's tax cuts. This graph is an index of how much workers get compared to how much the owners/stock holders get. (The spike in labor's share circa 2020 reflects the huge stimulus payments to individuals because of COVID.) Gini coefficient of inequality in the United States. A declining value (less unequal) until the early 1980s. And what happened then? Reagan tax cuts.<iframe src="https://data.worldbank.org/share/widget?indicators=SI.POV.GINI&locations=US" width='450' height='300' frameBorder='0' scrolling="no" ></iframe>^^^ chart won't imbed.
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Post by Pakachoag Phreek on Apr 23, 2024 8:28:23 GMT -5
OK, I'll ask...what was the proposal about uniforms made by the rules committee that was rejected? Enforcement of rule about length of the pants. The uniform rule that was adopted is the green dot for the player with the wireless. I', assuming multiple players could have green dots, but only one could be on the field at a time.
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Post by Pakachoag Phreek on Apr 23, 2024 6:14:51 GMT -5
The original NFL two minute warning had nothing to do with the game of football, but everything to do with advertising revenue. This may make business sense at the big time, TV-intense FBS level of college football, but not at the PL/IL/CAA level HC plays in. More of the endless commercialization of college sports. I doubt the NFL's two-minute warning had anything to do with advertising revenue. It was adopted in 1942, before there were stadium clocks. The time was kept on the field by an official with a stopwatch and the two-minute warning let teams know when the end of a half was approaching. The college change isn't about money either. There are several rules and timing changes that take effect in the last two minutes and this synchronizes them. "This rules change synchronizes all timing rules, such as 10-second runoffs and stopping the clock when a first down is gained in bounds, which coincides with the two-minute timeout." And it was adopted for all Divisions. Also adopted was a rule allowing 18 tablets to be used ^^^ If I am reading this correctly, HC moving its sideline from the south stands to the north stands would now be at a disadvantage, given the north stands camera angle is not as high. If there are no stands on one side, e.g., Georgetown, Fordham, than both teams would get the same sideline feed. In any event, this will be no small investment to adapt the existing camera feeds. And is the distance between stands and sideline identical on both sides of Fitton? I am thinking of coaches and players huddled around tablets. And the home team can dress more players than the visitor. And this, At the FBS level,
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Post by Pakachoag Phreek on Apr 22, 2024 19:39:20 GMT -5
Other changes of interest. Source; NCAA
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Post by Pakachoag Phreek on Apr 18, 2024 17:34:25 GMT -5
To be clear, GU's athletic budget does not include NILs. Those are contracts between boosters and a player. Are they allowed to include in the contracts clauses that attempt to retain players? Example, player gets paid some amount only if they stay at the school? With my money, I don't have much interest in investing in a player who will jump ship next year. I think KY Crusader is correct. These are one-year contracts. A Federal judge in Tennessee has issued a preliminary injunction against the NCAA from enforcing a rule that required a player to be enrolled to receive a NIL. If this is not reversed, one will be able to offer NILs to high school players, contingent on them applying to university X IMO, you simply cannot build and sustain a successful program with all these external forces pulling and tugging on your roster. The NFL is way more regulated than the NCAA is right now.
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Post by Pakachoag Phreek on Apr 18, 2024 4:36:23 GMT -5
GU’s basketball budget is ever expanding now with a very robust NIL program- rumor is that pg transfer from Harvard, Mack is getting a very high 6 figure deal. To be clear, GU's athletic budget does not include NILs. Those are contracts between boosters and a player.
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