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  • #199073
    2008 National Champ
    Participant

    There are 3 posts at Utezone on this announcement: here’s one with the pertinent details.

    I do estimating and estimate assurance as part of my job so picking through the details comes naturally. Here’s the rundown.

    1. The article(s) state that the value of the deal is “roughly 6 MM”.
    …a. 85 players x $61,000 = 5.185 MM. Not in any realm of rounding is that roughly 6 MM
    …b. The 6 MM figure assumes the trucks were purchased at sticker price. Instead these are leases
    ……1. A standard 5 year lease would be $1,106.67 per month.
    ……2. 85 players x 6 month lease x 1,106.67 = $ 518,500
    ……3. Unless the Crimson Club is committing to paying full leases, this deal does not come anywhere close to 6 MM
    2. Matt Garff
    …a. The article notes that he is a founding member of the Crimson Club
    …b. This deal guarantees income for his dealership as long as he is willing to continue
    …c. $ 518,500 every 6 months is a nice gross for his business
    …d. If this was a politician giving business to himself, it would be an ethics violation worthy of removal from office
    3. Insurance
    …a. The article states that the Crimson Club will be footing the bill
    …b. What are the odds that the insurance provider will also be associated with the Crimson Club?
    …c. If we assume $500.00, 6 months premiums (which should be high) we get 85 x 500 = $42,500
    …d. Insurance plus sticker price of the trucks still does not get us anywhere 6 MM
    4. The Players
    …a. Must have good driving records to qualify
    ……1. Define “good record”. No accidents whether at fault or not? No tickets?
    …b. Are there limitations on where and when the vehicles can be driven?
    ……1. Must the trucks stay in state?
    ……2. Can the players take them home (out of state) during breaks?
    …c. The 6 month lease
    ……1. First lease if started November 1 would end April 30, before the end of school year (I think)
    ……2. Is there any guarantee that if a player meets the conditions, that the program won’t end?
    ……3. Does one of two bad apples ruin it for everyone?
    …d. This is not an asset that the players can use to their benefit, i.e. resale

    Ultimately, for promoting the Crimson Club the players get to borrow a car for 6 month increments. Granted, it’s a nice car, but it is not a tangible asset since Garff still owns each of the trucks. At the end of the day, Garff is the only one who receives a true benefit from this deal. He gets the income, he gets to look like a great guy in the press. The players are used as pawns while he pays himself from the non-profit he founded.

    At least in the old days, when Bob’s Used Cars gave out $100 handshakes, the players got paid. Christ, when the parochial school had Bit Bars (Better Bars, Breakfast Bars, whatever the name of the company was) give a benefit to the entire roster, it was in $$$ instead of protein bars that the players had to give back as good as they got them.

    Edit: I need to figure out how to indent on here. that is ugly

    #197359
    The Miami Ute
    Participant

    Thanks. Just so you know, I wasn’t specifically talking about you though I do remember our back and forth on the issue. I enjoy reading your posts, actually just about all the posts on here, and don’t have any issue with folks pushing back on my opinions provided there’s logic and a method to the madness associated with it. I just got the feeling on the Rising issue that some folks are so emotionally caught up with him, and I can understand that because he’s been a great player no doubt, that it’s almost like they would put what’s best for him in front of what’s best for the team. That I can’t abide. I’m as big a fan of Rising as any fan but the Utes come first, hence my commentary of bringing in a portal QB to provide real competition and insurance.

    #195384
    The Miami Ute
    Participant

    Wow…what a horrible way to end your college football playing career. I’m guessing that no details associated with his injury have been released yet?

    The Miami Ute
    Participant

    I was at Miami as a student when the Hurricanes won NCs in 89 and 91 (they also finished #2 in 1988). No disrespect, but people here in Utah have no idea what it feels like to be, by far, the best football team in the land and the national hype/hoopla that comes associated with that. Maybe someday but that’s doubtful. If Miami could retain all of the talent in the city of Miami (not the state of Florida but just the city of Miami), then they’d be ranked anywhere between #1-5 in the nation every year.

    UTE98
    Participant

    So here are a few quick thoughts on what each school might be thinking.

    Oregon – We are bigger than this. We deserve more money. However, we need the Pac to stay together until the Big10 comes calling. How do we leave OSU? Will there be issues?

    Washington – Yes, if we can keep the Pac together we have a better road to the CFP. We deserve more $, at least as much as Oregon.

    Oregon St – PLEASE, let the Pac stay alive. We have a shot every once in a while to make the CFP, maybe. We just spent a ton of $ on stadium renovations. Will we be back in the Pac with Idaho and Montana?

    Washington St – Same as Oregon St except, how do we keep UW from big timing us.

    Arizona – we’re a basketball school. The BigXII is that a good or bad thing? If we win that league it is better than winning the current Pac. How much football $ can we get from the BigXII for being a basketball school.

    ASU – Meh, we’ll go wherever the money is better. We haven’t been good in football recently. And we may not survive basketball in the BigXII.

    Cal- Football $? Who cares, we’re an academic institution.

    Stanford – We’ve got an endowment larger than almost any other school not named Harvard. Sports money, it’s nice but not our biggest concern.

    Colorado – We bolted for more $. What happens if we don’t get as much as the PAC? Deion better stay for a long time to recoup our move to be without Texas/Oklahoma. Wait, no Texas and Oklahoma, we might win 6 games a year in the BigXII. Still p**sed about the Larry Scott oversharing of revenue from TV deals. If we bolt do we still have to pay that back? We won the BigXII cheating before, we can do it again.

    Utah – the Pac got us to P5 status. Stillwater, Boreman, Wacko, where is Texas Tech located again? BYU egos? Not if we can avoid it. Kansas – that’s a football win. We’re a football school, do we really want to hitch our wagon to Cincinnati, UCF, Houston and BYU in football? Or do we elect to stay with Cal, Stanford, and the AAU schools. I think Utah is in a difficult position. Turn your back on the Pac or go for the sports $?

    USC – Who knows what they are thinking? Other than we’re too big for the PAC, we’re too good for the PAC, we hated “the skirt” and we torpedoed Pac12 expansion. We’ll go great in the Big10. (We shall see.)

    UCLA – Whew we got out of the PAC and are getting huge money. No more playing second fiddle in football to Utah, Oregon, and Washington.

    The Pac12 conference leadership from Larry Scott to GK screwed this up. Now the athletic conference is being put in a corner, put up or shut up!

    SDSU – really Pac? You couldn’t get this right before we were to lose $17 million extra is we jump early. Maybe if the Pac is around in 2025 we’ll join up.

    UNLV – We’re technically a university. Too bad we couldn’t get a Pac invite before the Raiders came to town. Do we want UNLV? I don’t think they bring enough of the market now with the Raiders and possibly an MLB team coming.

    Boise St – Oooh, oooh, oooh, pick me!

    Colorado St – We’ll take CU’s spot. How much do we get paid.

    Idaho – we were in the Pac from 1922 to 1959, maybe we can get back in. MOntana, want to come along?

    Cal has some really old history of trying to censure other Pac schools, PCC, and the California schools started a conference without the Northwest schools. Though eventually they let them back in.

    Do the Ivy league schools have it right? Academics for a University? Or do schools which focus more on sports have the right idea?

    I’m a Utah fan, however I don’t want to see Utah give up the academic rigor they’ve achieved to be associated with schools only out for the money. That may not be a popular opinion.

    Stay tuned, the Pac may figure this out by 2025… or will they.

    What do you think the others are thinking?

    #191593
    NashvilleUte
    Participant

    ^ This comment from UteFanatic all the way!

    I had no idea that my undergrad and masters degrees from the U had gained stature! Although I’m not really sure how that impacts me in the slightest… I live in SEC country and those at work know I’m a Utah fan and for some reason I’ve only gained “stature” though our success on the field. Go figure huh?

    I think this academic status that has the administration so focused on sticking it out with Cal and Stanford no matter hell or high water really only benefits them and to an extent to the faculty. But higher education never only thinks about themselves right? That’s why tuition is such a great deal for students right? Wrong! As has been mentioned above, my continued connection to the U is just through athletics and that’s what will improve the likelihood that my kids will want to go to the U for college, or more importantly my willingness to chip in for out of state tuition.

    Just because we associate ourselves with Stanford doesn’t make us a destination school like they are, get real. Athletics is the biggest marketing tool a school has and I’m worried our administration isn’t taking that seriously. Seems to me like we have the wrong people making the important decisions regarding athletics.

    #191574
    TX_UTE
    Participant

    Knowing this will be an unpopular take, I believe all things even being close to equal, the U administration will prefer the association with the PAC-whatever over the B12-whatever. Per Wikipedia, “It is a member of the Association of American Universities (AAU) and is classified among “R1: Doctoral Universities – Very high research activity.”

    Given that, while we may all “bleed red” for Utah athletics, the reality is our degrees all gained stature with the U being associated with the likes of Cal and Stanford…

    #191295
    IrishUte
    Participant

    While I agree that the Big12 is probably the only real option at this point I don’t think it’s going to save the program. Nobody is getting out of that conference. There won’t be a “next round” for schools in the Big12. In ten years the Big12 will be as distant from the SEC and Big10 as the AAC is from ACC now. It’s relegation pure and simple.
    We’re trading the path the program has been on since 2003 for a position of stability. Stability because that conference will be an afterthought. It’s not going to be the third conference in a big 3. There isn’t going to be a big 3. The only way to get into the big 2 is to be associated with and be successful against schools that are on the big 2’s radar. The remnants of the ACC and the Big12 will become the middle 2. It’s difficult to get excited for that.
    It could have played out so differently. Had USC not blocked expansion last year there would still be a chance for a “next round.” The Big12 did what they had to do and expanded but that expansion effectively ended the possibility of a “next round” for the schools in that conference. It will end the possibility of the “next round” for any school that joins that conference. I hope I’m wrong but we’ve all said over the last year that the Big12 is only stable because nobody else wants any of their schools. You are who you associate with unfortunately.

    #187352
    krindor
    Participant

    Probably not as a full member, but a “half member” or “associate member” of the conference or a contractual scheduling agreement – whatever language you want to use

    Imagine the PAC extends an invitation for the following to Hawaii

    • Scheduling Agreement where 8 PAC teams will play @Hawaii every year
    • Hawaii will receive 1/3rd the media rights (so say $8M-$10M on a $24M-$30M/yr/school deal)
    • PAC will have rights to all (home) Hawaii games (both those 8 with PAC teams and any others Hawaii happens to play)

    From the Hawaii perspective, it’s a huge win

    • Money: They go from making $4M/yr (MWC) to making $8M+/yr. Plus they have (minimum) 8 home games against P5 opponents – nice for tickets/concessions and reduced travel costs
    • Prestige/Visibility: Increased quality of competition and a better ‘in’ to potentially become a full member
    • Other 4 games per year can fairly easily be filled, especially since they don’t NEED more home games (could even take away paycheck games for more $$$

    From the PAC perspective, it’s likely also a win, mostly by taking advantage of the Hawaii rule (allows teams that play @Hawaii to schedule a 13th game)

    • Money: They’re paying $8M to add (a minimum of) 8 extra games of inventory (plus they’d own whatever extra home games Hawaii schedules), so would likely make that up (and much more) in any negotiation
    • Extra practice time: teams can’t officially start practice until 4 weeks before their first game – with 8 PAC teams now having a Week 0 game, that means an extra week of practice
    • Visibility: With 8 PAC teams playing in Week 0, the PAC could dominate the viewership in that week with unopposed football and shine a spotlight on the conference to open the season.  For one week every college football fan would basically be watching a PAC game and every station would have almost nothing besides PAC games to show
    • Recruiting: Would mean players get a trip to Hawaii regularly. People like going to Hawaii. Not huge, but a nice perk. More importantly, it would mean the only teams playing in Hawaii would be PAC teams so that would help PAC recruiting of Hawaii (and potentially other Polynesian islands)

    12-member Division 1 Women’s Basketball Selection committee for 2022-23:

    Lisa Peterson, deputy athletics director at Oregon
    Beth Goetz, director of athletics at Ball State
    Deneé Barracato, deputy director of athletics at Northwestern
    Jill Bodensteiner, director of athletics at Saint Joseph’s
    Jenny Bramer, executive associate athletics director at San Diego State
    Amanda Braun, athletics director at Milwaukee
    Derita Dawkins, assistant vice chancellor and deputy athletics director at Arkansas
    Alex Gary, director of athletics at Western Carolina
    Lizzie Gomez, deputy athletics director at Texas A&M-Corpus Christi
    Jill Shields, deputy athletics director at Kansas State
    Todd Stansbury, director of athletics at Georgia Tech
    Lynn Tighe, senior associate athletics director at Villanova

Viewing 10 results - 71 through 80 (of 267 total)