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Catching crap from the squaks

M

mark

Member
Apr 14, 2006
148
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regarding this article from the Rag.

Does anyone know if UI accepts any tax payer funds for athletics? They are telling me they are 100% self sustaining.

Thanks

"That is good news and a great step forward for Iowa State athletics," Steve Malchow, senior associate athletic director, said. "We are looking forward to getting the project under way."

The debt service on the 25-year bonds is expected to be about $1.5 million annually. Iowa State athletic officials have said that the debt service would be paid from rents, profits and income from operation of Cyclone athletic facilities.

Athletic officials have estimated that the debt service on the project can be paid with minimal increases in football ticket revenue and a 2 percent increase in men's basketball ticket prices every fifth year, after the 2010-11 fiscal year.

In addition, the department will continue to receive $2.9 million in general fund support as well as $1 million in student fee support. No increase in student fees is planned, but those fees are to be used as the back-up pledge for retirement of the proposed bonds.

Gartner asked why gradual profit margin increases for athletics are not used to decrease the amount of general education fund money going to sports.

"Over the years, your margin builds up, but it doesn't show any decrease in general university support," Gartner said. "Is this being put under the mattress for phase 2 or is there hope general university support will zero out?"

Iowa State President Gregory Geoffroy said it does not seem likely that university financial support for sports would stop in the near future.

"We would like to be in a position at some point where that could occur. But given what we would like to accomplish, I do not believe that we should at this point in time project a decrease in that going forward," Geoffroy said.
 
Unfortunately, they are 100% self sustaining as far as I know.

This is a black eye, no doubt.
 
But it is a step towards becoming self sustaining. A good athletic department that wins football and men's basketball games in particular, will raise the money to take care of itself, and grow.

The Board of Regents sees clearly, that if we make this happen, and they begin to win, they will raise the rest of the money on their own.
 
The key is developing a big revenue generating FB program.

All of the big FB schools (Texas, LSU, Ohio St, Florida, etc.) have been "self sufficient for some time.

This is why they have been able to up the antie in the "athletics arms race" (facilities and coaches pay)...they can do what they want without hearing someone bring up the arguments of "why are we building athletic complex 'x' when that money should be spent on academic building 'a'?" Or "why are we paying our head FB coach so much when our professors make so little?"
 
ISU is a land grant university. It's entire existance was started with government funds. In all honesty this doesn't bother me at all. After all the other dumb things our government wastes money on putting some funds to an educational institution doesn't bother me even if it is for athletics. Successful athletics does help a university directly and indirectly both financially and in name recognition.
 
It is a very big black eye and an outright embarrassment. It is basically a Fact that ISU recieves welfare checks from the Taxpayers and Iowa doesn't. It needs to be turned around. My Hawkeye neighbor keeps ranting and raving about the simple fact that every taxpayer in Iowa should get a cyclone club membership for the simple fact that if you pay taxes in Iowa you donate to ISU sports. It gives Iowa Fans ammunition in their demand to end the welfare and let ISU pull their own weight like the big brother to the east. Iowa is not a land grant university so they do have lots to gloat about.
 
Iowa has had the good fortune to have more wins the last generation or so. That equates to the money to fund their athletic budget. Once we get the wins, we'll get the fans, and then we'll be in the position to do the same.
 
How long has the UofI be self-sufficient? Before Hayden or sometime after he showed up.

- keep.
 
I am not 100% sure but I think it was only recently within last 5 years that Iowa stopped taking money from U of I's general fund
 
flyhighcy said:
It is a very big black eye and an outright embarrassment. It is basically a Fact that ISU recieves welfare checks from the Taxpayers and Iowa doesn't. It needs to be turned around. My Hawkeye neighbor keeps ranting and raving about the simple fact that every taxpayer in Iowa should get a cyclone club membership for the simple fact that if you pay taxes in Iowa you donate to ISU sports. It gives Iowa Fans ammunition in their demand to end the welfare and let ISU pull their own weight like the big brother to the east. Iowa is not a land grant university so they do have lots to gloat about.
Click to expand...


Look I understand that you are a Hawk fan. But if you don't think that the Board of Regents was, and is in eIU's lap, you are a bigger fool than you look like on here. As someone that dealt with the Board as a student rep, I will tell you that 90 % of what was passed as "legislation" was submitted by, and benefitted only Iowa.

In terms of what this ruling means, it gives Iowa State a chance to expediate (means get it done quicker, cause I know I have to go slow for you) self sufficiency in their athletic department. More luxury suites=more money raised. People are excited about the direction of the ISU athletic department, which has already shown with record numbers in the fundraising area.

I understand, in the end, that if somehow Gene Chizik begins to establish a program that would be bad for the Hawks. And I understand that Iowa State being good in basketball is bad for the Hawks, as is wrestling and all other sports. So you come on here to talk us down????

Now I see why all of the other Big 10 fans hate you guys, I already knew why we did.
 
darts180 said:
Look I understand that you are a Hawk fan. But if you don't think that the Board of Regents was, and is in eIU's lap, you are a bigger fool than you look like on here. As someone that dealt with the Board as a student rep, I will tell you that 90 % of what was passed as "legislation" was submitted by, and benefitted only Iowa.

In terms of what this ruling means, it gives Iowa State a chance to expediate (means get it done quicker, cause I know I have to go slow for you) self sufficiency in their athletic department. More luxury suites=more money raised. People are excited about the direction of the ISU athletic department, which has already shown with record numbers in the fundraising area.

I understand, in the end, that if somehow Gene Chizik begins to establish a program that would be bad for the Hawks. And I understand that Iowa State being good in basketball is bad for the Hawks, as is wrestling and all other sports. So you come on here to talk us down????

Now I see why all of the other Big 10 fans hate you guys, I already knew why we did.
Click to expand...
Dang, darts! Did you wake up on the wrong side of the bed this morning? What's with the personal attacks on anyone and everyone here? Since you've decided to take it negative, here's one for you. The word is "expedite," not "expediate." I'll go slow and provide you a link for explanation, because you're obviously not as smart as you want us to think you are. :no6xn:
 
flyhighcy said:
It is a very big black eye and an outright embarrassment. It is basically a Fact that ISU recieves welfare checks from the Taxpayers and Iowa doesn't. It needs to be turned around. My Hawkeye neighbor keeps ranting and raving about the simple fact that every taxpayer in Iowa should get a cyclone club membership for the simple fact that if you pay taxes in Iowa you donate to ISU sports. It gives Iowa Fans ammunition in their demand to end the welfare and let ISU pull their own weight like the big brother to the east. Iowa is not a land grant university so they do have lots to gloat about.
Click to expand...


What ISU does with the money that they get from the state is their own business. If Geoffrey wanted to take that money and give it to faculty, he could. You can tell your neighbor (if you're not lying on here) to mind his own business and have fun watching ISU/iowa on TV this fall.
 
I really hate the fact that ISU has to give money to the athletic department. Especially since my time at ISU saw state funding cuts, double digit tuition increases, and the what I viewed as the gutting of a lot of the undergraduate engineering education.

The overriding problem is the collegiate arms race but that won't be addressed anytime soon so the only choice is to get our department to a level where it won't divert money from academics.
 
BvK1126 said:
Dang, darts! Did you wake up on the wrong side of the bed this morning? What's with the personal attacks on anyone and everyone here? Since you've decided to take it negative, here's one for you. The word is "expedite," not "expediate." I'll go slow and provide you a link for explanation, because you're obviously not as smart as you want us to think you are. :no6xn:
Click to expand...

actually, dart was right.

(dictionary.com)
Expediate
\Ex*pe"di*ate\, v. t. [Cf. F. exp['e]dier. See Expedite.] To hasten; to expedite. [Obs.] ``To expediate their business.'' --Sir E. Sandys.
 
crash_zone said:
actually, dart was right.

(dictionary.com)
Expediate
\Ex*pe"di*ate\, v. t. [Cf. F. exp['e]dier. See Expedite.] To hasten; to expedite. [Obs.] ``To expediate their business.'' --Sir E. Sandys.
Click to expand...

Ohh boy... here we go. When the thread deteriorates into references to dictionary .com we should just all stop talking and back away.
 
cytech said:
I am not 100% sure but I think it was only recently within last 5 years that Iowa stopped taking money from U of I's general fund
Click to expand...


If that is true... it is kinda funny that a storybook program like the UofI's took 128 years of football to become self sufficient. Even through the gloried Fry years they were on the State's dime.

- keep.
 
brianhos said:
Ohh boy... here we go. When the thread deteriorates into references to dictionary .com we should just all stop talking and back away.
Click to expand...
Yeah, you're right, brianhos, but I just can't help myself. I have to respond! :rolleyes5cz:

crash_zone said:
actually, dart was right.

(dictionary.com)
Expediate
\Ex*pe"di*ate\, v. t. [Cf. F. exp['e]dier. See Expedite.] To hasten; to expedite. [Obs.] ``To expediate their business.'' --Sir E. Sandys.
Click to expand...

I'll acknowledge that darts was right -- if he was writing his post in the 18th century! You'll notice the "[Obs.]" reference in the entry. That means the word is obsolete, and has been replaced by "expedite." :wink0st:
 
BvK1126 said:
Yeah, you're right, brianhos, but I just can't help myself. I have to respond! :rolleyes5cz:



I'll acknowledge that darts was right -- if he was writing his post in the 18th century! You'll notice the "[Obs.]" reference in the entry. That means the word is obsolete, and has been replaced by "expedite." :wink0st:
Click to expand...

well, he WAS trying to talk to a hawk...ie. 18th century education. right?
 
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