House settlement approved. Now what?

[ragtimejoe1]

Bsu is claiming they'll do a private equity firm to infuse money. Not going to lie. Outside of what you read on message boards or main press, I have no idea of how the nuts and bolts of that work or if something possible fit WYO.

 

[LanderPoke]

Bsu is claiming they'll do a private equity firm to infuse money. Not going to lie. Outside of what you read on message boards or main press, I have no idea of how the nuts and bolts of that work or if something possible fit WYO.

So they are selling an equity stake in their public athletics department to a private equity firm? wtf ?

 

[ragtimejoe1]

So they are selling an equity stake in their public athletics department to a private equity firm? wtf ?

Yeah, claim it's a done deal within 6 months??

 

[OrediggerPoke]

. However, it's probably more likely here than in any other state in the nation.
.

Far from the truth!! Georgia, Alabama and Tennessee’s legislatures have already passed specific laws facilitating paying players. New Mexico just passed a specific appropriations bill to pay players (albeit at a MUCH smaller level than the SEC states).

We are more likely the last legislature in the nation that would support it. But frankly, I’m fine with that. Using public dollars/taxes to pay college athletes is a gross misuse of funds in my opinion.

 

[ragtimejoe1]

Private equity coming to college football (Updated)

After spending the past few years circling from above, the private equity industry is at last swooping in to take a bite out of the college athletics industry.Sports Business Journ

www.footballscoop.com

Private equity firms in conferences too? This could be interesting. Could a private equity firm help WYO capitalize on the value? Some time back someone posted program valuations and WYO was pretty decent.

Way out of my area but maybe some partnership between states, universities, and equity firms that can profit from outdoors-related activities. They enhance college athletics and use it as a platform to promote whatever they profit from. States chip in some for tourism.

Probably ridiculous since I have no idea what I'm talking about. We do have outdoor activities and using UW as advertising platform when we play around the US might make sense?

 

[307bball]

Far from the truth!! Georgia, Alabama and Tennessee’s legislatures have already passed specific laws facilitating paying players. New Mexico just passed a specific appropriations bill to pay players (albeit at a MUCH smaller level than the SEC states).

We are more likely the last legislature in the nation that would support it. But frankly, I’m fine with that. Using public dollars/taxes to pay college athletes is a gross misuse of funds in my opinion.

"Gross misuse" is a pretty tough label if it is paid for and is voted on by elected representatives. Some Georgians and Alabamans surely don't want that money used in that way... But state representatives hew fairly closely to their electorates wishes. They may come to regret what they choose or view it as a mistake some day.... But that is different than "gross misuse".

Wyoming politicians and the public opinion upstream of them seem really allergic to spending a public dollar anywhere.... Paying UW athletes who are nearly all from out of state and end up out of state is not going to happen.

 

[ragtimejoe1]

This is interesting..

“Requires athletic conferences to operate within single time zones, drastically reducing travel burdens and prioritizing student-athletes’ academic and physical well-being,” Baumgartner stated. “Sets reasonable limits on coaching salaries, reallocating savings to student-athlete educational resources, healthcare, and support services.”

Baumgartner challenges NCAA settlement for fair pay reform

Baumgartner's bill aims to reshape NCAA pay structures and promote fair compensation for athletes while pushing for vital conference reforms.

mynorthwest.com

 

[307bball]

This is interesting..

Baumgartner challenges NCAA settlement for fair pay reform

Baumgartner's bill aims to reshape NCAA pay structures and promote fair compensation for athletes while pushing for vital conference reforms.

mynorthwest.com

Not that this will ever come to pass...but it's nice to see people actually looking at the issue squarely. This or something like this is about the only way I see UW sports, and maybe even college sports in general, being something that looks like what I grew up loving.

 

[McPeachy]

Check this out. 100 mill in debt then not until July 1 and back to 100 mill in debt. No wonder they don't want to pay poaching penalty.

WSU Regents To Briefly Transfer 100 Million Dollars To Cover Athletics Cumulative Debt-Money Coming From Several Units Including Housing, Dining, Parking & Transportation-Athletics Did Not Run Overbudget This Year

The Washington State University Regents are set to briefly transfer nearly 100 million dollars in the annual exercise to cover Cougar Athletics cumulative debt. State law in Washington requires the…

pullmanradio.com

Very strange accounting practice there!

 

[LanderPoke]

Yeah, claim it's a done deal within 6 months??

Reminds me of an article I read of the City of Chicago sold their parking meters to a private equity firm for what seems like a lot, but turned out to be one of the worst deals ever made.

 

[ZapPoke]

Very strange accounting practice there!

I used to be an accountant but I haven’t kept up. It sure seems to violate some accounting principle.

 

[laxwyo]

Whatever people think is going to happen with this won't. Women are already filing lawsuits.

Expecting Congress to fix title IX seems just as laughable.

 

[71lincoln]

Far from the truth!! Georgia, Alabama and Tennessee’s legislatures have already passed specific laws facilitating paying players. New Mexico just passed a specific appropriations bill to pay players (albeit at a MUCH smaller level than the SEC states).

We are more likely the last legislature in the nation that would support it. But frankly, I’m fine with that. Using public dollars/taxes to pay college athletes is a gross misuse of funds in my opinio

 

[71lincoln]

Where does the money in revenue sharing come from?

 

[OrediggerPoke]

Where does the money in revenue sharing come from?

Theoretically - ticket sales, donations, media deals, NCAA postseason payouts. In Wyoming’s case, I’m sure we are counting student fees and legislative appropriations in that bucket too.

But realistically, most athletic programs don’t turn a profit under the old model. Wyoming uses football revenues to subsidize other programs. Some years, football itself operates in the red. So the whole notion of now paying players a bunch of money on top of the scholarships/stipends/facilities benefits that they already get makes zero fiscal sense at Wyoming with current revenues. But then again - we live in a country which is largely supportive of the CSU model that apparently believes debt should have no limits and we shouldn’t worry about it.

 

[PAPoke]

Looks like more drama to come:

There's a stay on the jdugement

Female Athletes Appeal House v. NCAA Settlement Approval

In the appeal, athletes argue that the terms violate Title IX, the statute governing gender equity in sports.

frontofficesports.com