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re: LSU athletics can no longer afford to transfer funds to university
Posted on 7/29/19 at 6:11 pm to tiger perry
Posted on 7/29/19 at 6:11 pm to tiger perry
This is actually a way to ensure the money is being spent appropriately by the university. TAF will still give $ to the school but it will be earmarked for certain projects and not left up to the university to spend it frivolously on stupid shite.
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Posted on 7/29/19 at 6:13 pm to Keltic Tiger
quote:
Care to share how much the aggies have donated to your university in the same time frame?
Aggy has set up a student fee structure to help pay off their athletics debt.
Posted on 7/29/19 at 6:24 pm to Hugh McElroy
Basically whatever amount of money the Athletic Department gives to the University, the State takes away that amount of money from the LSU budget. The budgets are separate because long ago the school wanted it that way so that sports wouldn't take money from them. Now the school wants Athletic funds and Aleva gave them some and now Woody is taking it away.
Posted on 7/29/19 at 8:31 pm to Hugh McElroy
quote:
The LSU athletic department appears to be going through some tough times financially,
lol wut? The academic side is going through tough times. The athletic department is one of the richest in the country, hence the awesome new facility.
Posted on 7/29/19 at 10:17 pm to tylerdurden24
quote:
I’m sure he reports to a BOR of some sorts for the TAF but the TAF is a completely private entity that works in partnership but not under the university (that’s my understanding anyway which could be off)
I believe Florida, FSU, and other schools have similar arrangements
UF's University Athletic Association dates back to 1929 when they decided to separate for the construction of Florida Field. I'm not sure if others follow the same framework, but here the AD reports to the UAA Board of Directors, of which the current university president is always the chairman. The AD has a lot of leeway, but the president does retain line-item budget authority and control of the UAA resources.
This post was edited on 7/29/19 at 10:20 pm
Posted on 7/29/19 at 10:20 pm to Hugh McElroy
At what point does your team just drop the school ??
Posted on 7/29/19 at 10:37 pm to Jacknola
quote:
Clearly you are not thinking logically. All the money laundering through OLOL hospital, and all the scrounging money away from cancer ridden kids in order to pay players, agents, handlers, will not be able to overcome the institutional bloc Alabama has built up over the years. What you WILL get is investigation by the FOA (friends of Alabama)powers in the NCAA and SEC office. And it will be prominently reported by the Alabama-centric media, ESPN, CBS, etc.
Give me a better effort than this low IQ sky scream
Posted on 7/29/19 at 11:00 pm to Hugh McElroy
quote:Hey Cajuns I'm sure we can lone y'all a Hondo with a nice interest rate if needed. Just let us know.
LSU athletics can no longer afford to transfer funds to university
This post was edited on 7/29/19 at 11:01 pm
Posted on 7/30/19 at 4:52 am to OldSchoolHorn
quote:Ouch!
OP your athletic dept gives zilch to the academic side and just 10 years ago had to actually take from the university to meet budget.
Posted on 7/30/19 at 4:57 am to Hugh McElroy
4 pages brought on by this aggie dipshit and spinning his misleading titles. But hey, I'll add to this for the OP. Here yah GEAUX.... 
Posted on 7/30/19 at 5:32 am to Hugh McElroy
This is a much ado about nothing.
Plus, this a small piece of a bigger picture.
Plus, this a small piece of a bigger picture.
Posted on 7/30/19 at 5:38 am to Farmer1906
quote:
Lsu a a sport factory and not an institution of higher learning.
That's what all college athletics are generally.
Posted on 7/30/19 at 6:12 am to thunderbird1100
Didn’t the Universities support the athletic departments for years and years? Doesn’t the AD work for the school president? Yes the university needs to get its financial house in order but an AD making a statement like this publicly may not be at LSU very long either. If the president resigns over this or is forced out the new one will want to hire his own.
One of the damning things about this is that LSU has people willing to donate for football but they obviously don’t have big boosters willing to donate to the academic side. Your telling me that know one wants to donate enough money to renovate and fix the issues at the library and have their name splattered across the front. Or LSU can’t issue a bond to fix it. Seems fishy or LSU is in much more trouble than we’ve been led to believe financially.
One of the damning things about this is that LSU has people willing to donate for football but they obviously don’t have big boosters willing to donate to the academic side. Your telling me that know one wants to donate enough money to renovate and fix the issues at the library and have their name splattered across the front. Or LSU can’t issue a bond to fix it. Seems fishy or LSU is in much more trouble than we’ve been led to believe financially.
Posted on 7/30/19 at 7:00 am to Captain Crown
quote:
That's my takeaway, too. The controversy between academics and athletics presented a grand opportunity to recoup much-needed money under the guise of swinging a big dick.
And what does longhorn know about swinging a big dick?
Great, now we have two fan bases in UT and ATM that are absolutely obsessed with dick.
Stop it already. It’s just a college football website.
This post was edited on 7/30/19 at 7:02 am
Posted on 7/30/19 at 7:09 am to Farmer1906
quote:
Lsu’s donation to academics was one of the few things they did better than most.
seems like they have been near the trail end of the herd for a while in terms of academic donations. 
I'm guessing UA withheld its info as calculating the true value of Charger donations gets complicated.
This post was edited on 7/30/19 at 7:16 am
Posted on 7/30/19 at 7:12 am to rebelrouser
quote:
What an absolute mess
Absolutely, this isn’t good for LSU as a whole. There are some serious institutional problems going on and now it seems like egos have gotten in the way.
Posted on 7/30/19 at 10:58 am to Farmer1906
quote:Woodward just putting a little extra back so he can go get Jimbo . All things considered, its a pretty smart move. That extra $10 mil a year gonna come in handy!
Lsu’s donation to academics was one of the few things they did better than most. I guess Woodward sees Lsu a a sport factory and not an institution of higher learning.
Posted on 7/30/19 at 11:05 am to Hugh McElroy
Ahhh yes. That's right. LSU Athletics, who has given 100 million to the University in the last decade, and is still one of the top revenue-producing Athletic Depts in the entire country, can no longer "afford" to transfer funds. Jesus H. Christ.
Nice fantasy and opinion, but you strike out. The LSU Athletic Dept will continue to support the University, but Woodward maintains that the University has traditionally got 11% of its funding from the State, and the State should start funding the LSU System as it has before, now that the State's coffers and State Government are in the black again.
Why is this of any concern to YOUUUUUUUUUUUU ????
Nice fantasy and opinion, but you strike out. The LSU Athletic Dept will continue to support the University, but Woodward maintains that the University has traditionally got 11% of its funding from the State, and the State should start funding the LSU System as it has before, now that the State's coffers and State Government are in the black again.
Why is this of any concern to YOUUUUUUUUUUUU ????
This post was edited on 7/30/19 at 11:18 am
Posted on 7/30/19 at 11:15 am to Pauldingtiger
quote:
Pauldingtiger
LSU athletics can no longer afford to transfer funds to university
Didn’t the Universities support the athletic departments for years and years? Doesn’t the AD work for the school president? Yes the university needs to get its financial house in order but an AD making a statement like this publicly may not be at LSU very long either. If the president resigns over this or is forced out the new one will want to hire his own.
One of the damning things about this is that LSU has people willing to donate for football but they obviously don’t have big boosters willing to donate to the academic side. Your telling me that know one wants to donate enough money to renovate and fix the issues at the library and have their name splattered across the front. Or LSU can’t issue a bond to fix it. Seems fishy or LSU is in much more trouble than we’ve been led to believe financially.
Where in frick are you getting this from? LSU has funding under its Capital Projects and Campus Master Plan for all campus buildings, including the Middleton Library, the Memorial Tower, the PMAC, and other academic and campus buildings. These projects are on-going.
Woodward stating that the Athletic Department will no longer fund the University as it has in the past doesn't mean it will never give one dime again to the University. All Woodward is saying is that the State should fully fund the LSU System, including the BR Campus, as it has before, instead of cuts in the Jindal regime.
The LSU Foundation, TAF, the LSU Alumni Association, the National L Club, and the ForeverLSU Campaign, among others, continually give to the Unversity side, and are constantly marketing to alumni and fans to do the same. Contributions to the University and the academic side are only going to go up.
Woodward, F. King Alexander, Joe Alleva, and the Board of Supervisors are all on the same page on this.
P.S. Don't fantasize and make up shite to get attention. It's really bush league...
This post was edited on 7/30/19 at 11:22 am
Posted on 7/30/19 at 11:21 am to 1BIGTigerFan
quote:So with the AD reducing their contributions to academics, does that mean the State will pony up the shortfall?
Basically whatever amount of money the Athletic Department gives to the University, the State takes away that amount of money from the LSU budget. The budgets are separate because long ago the school wanted it that way so that sports wouldn't take money from them. Now the school wants Athletic funds and Aleva gave them some and now Woody is taking it away.
Hasn't the State tried to cut academic funding for years now? I remember F. King going public multiple times threatening faculty and course cuts across the board in a effort to prevent the state from cutting their academic budgets.
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