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Started By
Message
re: Harbaugh in the SEC
Posted on 10/1/10 at 1:26 pm to loweralabamatrojan
Posted on 10/1/10 at 1:26 pm to loweralabamatrojan
quote:
Stanford is a private school whose athletic department is funded by a fricking ENDOWMENT.
#1, endowments don't work that way.
#2, The athletic department has a budget, like any other department, and thier footbll budget is onsiderably lower than The top SEC schools.
2
Posted on 10/1/10 at 1:31 pm to SlowFlowPro
Posted on 10/1/10 at 1:32 pm to loweralabamatrojan
quote:
The poster I responded to said "Stanford doens't have the money SEC schools do" which is horse shite. It is a major research institution with assets far and away more than ANY SEC school has.
holy frick, do you guys understand the context of the discussion? We are on a sports related message board, discussing a college football coach? I mean for the purposes of the discussion who the frick cares what the endowment is? Do you really think he meant the school overall? Must he preface the comment with the phrase "Football program / Athleteic Department". Those entities, and just to be clear by entities I mean the football program and athletic department at Stanford, do not have the money the big SEC football programs and athletic departments do and they will not and perhpas even can not use those funds to pay the FB coach to stay. While certainly any number of rich alum could in theory pony up the funds, this seems unlikely and other schools, even in the SEC, have rich alum that could do the same. Stanford may have more, richer alum, but what do you think, the guys from google will pay for a coach, $10M, $100M?
Bottom line, no matter how much money Stanford has in its endowment and regardless of how many Silicon valley billionaires are Stanford alum, they will not be able to build a dominant football program the way the top SEC teams or USC and a few others can. They are probably not going to match the pay other schools can the the FOOTBALL program does not have the money the other top programs do and they will not be able to constentially compete at this level. If Harbaugh wants to win big in college he needs to move on relatively soon.
Posted on 10/1/10 at 1:35 pm to secfan123
quote:
Stanford is a private school whose athletic department is funded by a fricking ENDOWMENT
where does the TV and ticket revenue go you reckon? you think they are going to spend above and beyond that on football?
Posted on 10/1/10 at 1:40 pm to secfan123
quote:
endowments don't work that way.
Stanford's athletic department is a branch of the university. It gets 9% of the budget, according to the Stanford Daily.
Posted on 10/1/10 at 1:44 pm to H-Town Tiger
quote:
you think they are going to spend above and beyond that on football?
Well, IMHO if they're going to keep Harbaugh and maintain a national interest in their program (to find academically qualified players of BCS caliber they'll need it) they will have to, IMHO.
Yes, it will require a change in their culture, but Stanford grads gave us SUN microsystems,Yahoo and many other technically revolutionary ideas. It is not beyond the range of possibility that they'll think long and hard about making that change, because personally I think Harbaugh wants to be an NFL coach, and it'll take some serious cabbage to change his mind.
This post was edited on 10/1/10 at 1:45 pm
Posted on 10/1/10 at 1:46 pm to loweralabamatrojan
quote:
Stanford's athletic department is a branch of the university. It gets 9% of the budget, according to the Stanford Daily.
A college endowment is NOT a budget. They are two very distinct things.
Posted on 10/1/10 at 1:52 pm to secfan123
The endowment and the athletics budget at Stanford are correlated. Is that good enough?
If you are interested in keeping Harbaugh at Stanford, may I suggest a gift to the "Named Head Coach" endowment?
It's on page two of the link below. If you hate USC enough, you'll probably want to get out your checkbook and make it happen.
LINK
If you are interested in keeping Harbaugh at Stanford, may I suggest a gift to the "Named Head Coach" endowment?
It's on page two of the link below. If you hate USC enough, you'll probably want to get out your checkbook and make it happen.
LINK
This post was edited on 10/1/10 at 1:56 pm
Posted on 10/1/10 at 2:17 pm to loweralabamatrojan
quote:
The endowment and the athletics budget at Stanford are correlated. Is that good enough?
Not remotely. The endowment represents a number of investments, NOT what they make or spend in a year. BUDGET is the only relevant thing.
quote:
If you are interested in keeping Harbaugh at Stanford, may I suggest a gift to the "Named Head Coach" endowment?
No, like I said, an endowment is generally invested money. Proceeds from the endowment may help a football team, but it depends what % are spent on football. Very little probably goes to football b/c the academics at Stanford do not wish money to be spent on football that could be spent on academics. Its all about BUDGET, not endowment.
Posted on 10/1/10 at 2:19 pm to secfan123
quote:Did you even read that link? There's a specific endowment JUST for the head coaching position. Horse, meet water. Take it or leave it.
No, like I said, an endowment is generally invested money. Proceeds from the endowment may help a football team, but it depends what % are spent on football. Very little probably goes to football b/c the academics at Stanford do not wish money to be spent on football that could be spent on academics. Its all about BUDGET, not endowment.
Posted on 10/1/10 at 2:27 pm to loweralabamatrojan
quote:
Did you even read that link? There's a specific endowment JUST for the head coaching position. Horse, meet water. Take it or leave it.
Let me explain what an endowment is to you. Say an entity has a 1 million dollar endowment. That does NOT mean it has a million dollars to play with every year. It means it can invest that 1 million as it sees fit. They will invest that 1 million (say in stocks) and then use the proceeds to reinvest in the entity and the endoment. 3-5 % is usually what a place make on an endowment (though that can change if the investments go bad- for example if the stocks lose value). So a 1 million dollar endowment typically gives you thirty to fifty thousand dollars a year to use. In the case of the Stanford coch, that endowment proabably pays about 90-120 thousand dollars a year for his salary. Now do you understand the concept of an endowment?
This post was edited on 10/1/10 at 2:29 pm
Posted on 10/1/10 at 2:38 pm to secfan123
quote:Of course, that's why Stanford's athletic budget took a hit in 2009. Their investments tanked. The overall endowment drives the budget. It's also why I mentioned that the endowment and the budget (athletic or otherwise) are correlated. The budget of the AD is directly affected by the interest earned off the total. There are however, supplemental endowments and other alumni gifts (as in the case of your favorite school) that go into the salary of the Head Football Coach. Stanford will have to increase that supplemental factor (from alumni and any/all other resources) substantially in order to retain Harbaugh, in my opinion.
Let me explain what an endowment is to you. Say an entity has a 1 million dollar endowment. That does NOT mean it has a million dollars to play with every year. It means it can invest that 1 million as it sees fit. They will invest that 1 million (say in stocks) and then use the proceeds to reinvest in the entity and the endoment. 3-5 % is usually what a place make on an endowment (though that can change if the investments go bad- for example if the stocks lose value). So a 1 million dollar endowment typically gives you thirty to fifty thousand dollars a year to use. In the case of the Stanford coch, that endowment proabably pays about 90-120 thousand dollars a year for his salary. Now do you understand the concept of an endowment?
Otherwise, I believe he will be an NFL coach. I don't believe for a minute he has any desire to be an SEC coach. College $ < NFL $, end of story.
Posted on 10/1/10 at 2:41 pm to secfan123
quote:
Named Coaching Endowment
Head Coach....................................................................................$3 million
Assistant Coach..............................................................................$1 million
The ability to offer prospective coaches an endowed position, similar to an endowed academic chair, is a powerful recruiting and retention resource. A coaching endowment
is a source of pride and prestige for the coach, and individuals who establish these endowments often develop unique friendships with the recipients and their teams.
Donors may establish coaching endowments in their own names or in the names of
others whom they wish to honor, and the endowment will exist in perpetuity. Payout
from the endowed fund pays the coach’s salary and associated costs.
In other words, they've set up an endowment fund specifically for the head coach, and that's the funding level that you have to meet as a booster. There are many Stanford alums and boosters who can meet that level.
As a private institution, they are not required to list how much they have in these funds, so you really can't say that Stanford is unable to match what an SEC school can afford.
Posted on 10/1/10 at 2:43 pm to loweralabamatrojan
quote:
Stanford will have to increase that supplemental factor (from alumni and any/all other resources) substantially in order to retain Harbaugh, in my opinion.
Otherwise, I believe he will be an NFL coach. I don't believe for a minute he has any desire to be an SEC coach. College $ < NFL $, end of story.
Yep. If he leaves Stanford, it will likely be in the same way as other former Stanford coaches have gone: to the NFL.
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