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01-06-2025, 07:33 PM
(This post was last modified: 01-06-2025, 07:51 PM by
jacket3ree.)
I did a horrible job of making my simple point, which is that Stanford has money if it wants to spend it. I think. I did volunteer fundraising the Centennial Campaign long ago, but became somewhat disillusioned because no matter how much we raised, it was never enough. We made cold calls I hated making and a lot of the pushback was "Stanford doesn't need my money; check out the endowment." How do you counter that? We were instructed that the endowment couldn't be spent, so make sure to get donations that can be spent. Unrestricted gifts were the best gifts. Wait, what? Why have a bunch of money that can never be spent? Well, money makes money and we can spend that. Ok, that makes sense.
I said the size of a university's endowment is more indicative of the school's wealth than its annual budget and I'll stand by that. I know they can't just use 0.01 percent of the endowment to buy (or rent really) a proven top-flight quarterback (that is what we learn from Notre Dame by the way), but part of that massive endowment is for athletics. We don't have head coaches, we have the Mr. and Mrs. Thurston Howell III Director of Synchronized Equestrian Water Wrestling. Two percent of the annual budget goes to athletics. Does anyone know the size of the athletic endowment? That is harder to find online than is the size of the overall endowment. There is no reason for it to be proportional, but if it were, it would be on the order of 3/4 of a billion dollars. Interest on that could fund someone capable of not turfing passes to end Big Games, couldn't it?
I reacted to the poor, poor, pitiful Stanford vibe that is creeping into these parts. If I've misread that, I apologize, but Stanford is an athletic behemoth not some small school stuck out in the middle of nowhere punching above its weight. It is a massive enterprise in the heart of Silicon Valley. There's money despite the development office's protestations otherwise. I think there is plenty of money to support $30 million a year in player payments if that's what it takes. (If someone can show that Stanford is really endowment rich, but cash poor, I'll listen.)
The correct question, as BC posits, is whether $30 million in player payments is a worthy use of money. Maybe we don't need a stable of McLarens. My S2K gets me up to Alice's just as well and as fast without leaving Woodside Road pavement and we all wave to each other since they only made 100,000 or so of them. Sure my 17-year old version at the time only cost $16k out the door (low miles!) and no one heading in for breakfast is saying 'wow, a Honda!' but it gets the job done. But not free, and I don't spend a lot of time driving windy roads wondering how that money would be doing in an index fund instead.
It is easy to spend other people's money. I'm guilty of that, but it is my right as a 'merican to whine on a sports board when the scholarships I prefer to support are 529 funds for my own grandchildren. (Honestly, I'm probably giving more to Navy Sprint Football these days than Tech or Stanford and my kid commissioned nine years ago.)
These same discussions are everywhere. 'Why are we building a new athletic center or these buildings when we should be funneling money directly into a better linebacking corps?' I don't have answers, but StanUSwag is asking a salient question. Why is Notre Dame so far ahead of us now? Yes, more of their identity is tied up in football than is Stanford, but once fairly equally competitive programs are headed in different directions. There is always short-term variance but Stanford's current four-year streak of terrible is the longest since Teevens through Harbaugh's third year (7 years). Wait, forget it. Stanford does this all the time. Let's see if they can pull out of the tailspin. That said, Notre Dame reacted for more quickly and aggressively to the changed environment than did flat-footed Stanford. I get that the NIL and Portal aren't compatible with how Stanford wants to operate, but it has no choice. Adapt or die. Not to keep on harping on Muir, but he just wasn't made for these times. I'll simmer my whining down for a couple more years and see if they can get the nose up before ground zero.
Hopefully Luck has great success. Many other schools have "GMs" or "personnel" people in to manage where the money is spent to properly build a team in what is now an unfettered market. I am not aware, however, of any program that put a GM in over the head coach. Wow. That is NFL. (Not always, but certainly one model). Either a bold, bold move on Levin's part or a passive aggressive move vis a vis Muir. If he's that bad, just relieve him of duties, don't take football away and hope he (Muir) goes away. Taylor can't have but one more season to show something. Is Luck hiring the next coach? The one thing I wasn't happy hearing from Luck, although it is fairly obligatory, is that he was on Taylor's hiring committee (no committees moving forward!) and that he has the team on the 'right track'. The right track to where? I've seen no evidence that the track runs anywhere other than Crapville. He didn't need to say anything other than they are evaluating all aspects of the program.
Yes, it is all very hard and only half the teams win on any given day. I need to see they are trying. With other's money for the most part. :) I can't even afford, like, the holder.
Hey 82, Georgia Tech is a vastly different place than when you and I were there. Total makeover. Check out the Fall 2024 enrollment numbers:
20,592 undergraduate (61% in-state; 61% STEM)
32,771 graduate students (probably at least 5x the number than when I was there)
53,363 total enrolled. Holy Hell!
Granted, many of these, particularly the graduate students, are virtual (online) and not jamming Bobby Dodd. But maybe all those virtual students are why Tech was the most watched ACC team this year. Or maybe that was because they were in a bunch of marquee games without TV competition. Yeah, one of those two.
Their "Big Bet No. 2" to double the annual number of degrees granted. Only a matter of time before WORLD DOMINATION, which really means beating UGA more than three times in a quarter century.
Big Bet #1 is to "be a national leader in outcomes and value for all students." I hear keeping tuition reasonable in that, but we'll see. Big Bet No. 3 is to "double the scale and amplify the impact of [our] research." Hey, at least that is someone measurable and they were smart enough to stop with a three-bet.