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Re: 2016 Men's Lax
Posted: Tue Feb 23, 2016 10:06 am
by stc9
gostangs wrote:The number is waaaay under 50 million. Thats nuts. Most of these kids would pay part of their own travel.
Why would kids playing at a Division I school be paying for their own travel? At the club level they do, but not at the NCAA levels. The only travel that they would need to pay for is showing up for the start of the school year and any trips home after that.
For a fully funded Division I college program there are 12.6 scholarships. So whatever the endowment needs to be to cover that, plus coaches' salaries (most lacrosse coaches make next to nothing compared to FB & BB) and operations budget.
Lastly as an aside, there are a lot of NCAA Division I schools are not fully funded. So the university could spend the first ten years of the program fundraising to build the endowment. The initial endowment fundraising could go to some scholarships and to underwrite the operations budget.
Re: 2016 Men's Lax
Posted: Tue Feb 23, 2016 10:50 am
by gostangs
That was my point - a LAX program can be incremental since it is not all that many scholarships - although it does require a new women's program unless you just replace a men's program that we have. Whether its travel, or other expenses some of these parents groups get very involved financially and would help - if that is the issue.
It would be very good for SMU to be in the loop with LAX playing these other east coast schools.
Re: 2016 Men's Lax
Posted: Tue Feb 23, 2016 11:09 am
by friarwolf
gostangs wrote:The number is waaaay under 50 million. Thats nuts. Most of these kids would pay part of their own travel.
No, that's the number. Whether it is decided to do it incrementally or not, 50MM is the stated number and I would guess like buildings, SMU is going to want a substantial sum committed before starting.....
Re: 2016 Men's Lax
Posted: Tue Feb 23, 2016 11:39 am
by gostangs
That may be SMU's number, but that is in excess of the number that is needed.
2016 Men's Lax
Posted: Tue Feb 23, 2016 5:47 pm
by SMU Football Blog
If I had to guess, that number includes adding men's and women's with the assumption you can't add one without the other.
12.6 scholarships for D1 men's lacrosse per NCAA. How much does it cost to endow a scholarship?
Coaches make comparable to other non-revenue sports. Call a Head coach salary $300k (what OSU and Maryland HC's make). I am guessing expenses are higher than a lot of sports because of team size.
It can't be $50M. $50M is a "we don't really want it" number.
2016 Men's Lax
Posted: Wed Feb 24, 2016 8:54 am
by SMU Football Blog
Hey guys so the annual d1 game at Ford Stadium is March 26th.
Every year it seems like we get a great game. Last year we got Albany v Cornell. Albany had the best player in the country last year in Myles Thompson.
This year we get Denver versus Penn State. Denver is the defending D1 NCAA national champion. This is pretty bad [deleted].
Re: 2016 Men's Lax
Posted: Wed Feb 24, 2016 8:59 am
by smupony94
Will have to bring my nephew to that
Re: 2016 Men's Lax
Posted: Wed Feb 24, 2016 12:43 pm
by smupony94
Re: 2016 Men's Lax
Posted: Wed Feb 24, 2016 12:51 pm
by stc9
Ok, that's pretty sweet. Looks like a nice facility. Ideally it would be a grass field, but that probably wouldn't survive the year.
Re: 2016 Men's Lax
Posted: Wed Feb 24, 2016 6:18 pm
by gostangs
Scholarships pay out at 5% per year - so if there are 12.5 scholarships at 45k a year each, and 11,250,000 gift would endow the entire team. 400k more in coach, travel and equipment would be an additional 8 million. Might be able to off set some of that with paid attendance - lacrosse would draw pretty well in Dallas, but it would not put much of a dent in the 400k.
Double it for the girls (unless you just cancel men's soccer) and you have 40 million - so I guess its not far off.
One question is would you have to do all 12.5 scholarships - we have some non scholy guys now that are real close to D-1.
Re: 2016 Men's Lax
Posted: Wed Feb 24, 2016 8:51 pm
by SMU Football Blog
The turf eliminates its use for NCAA soccer events, I think. That is a negative. I wonder if soccer will use the field in inclement weather to preserve Wescott?
For lacrosse, there is an argument that turf is better as you can make a bounce pass and gb's are more consistent.
Re: 2016 Men's Lax
Posted: Wed Feb 24, 2016 8:51 pm
by SMU Football Blog
And we couldn't spring for new cages or at least new nets? Really?
Re: 2016 Men's Lax
Posted: Wed Feb 24, 2016 8:53 pm
by SMU Football Blog
I think I may go watch OU play SMU Saturday.
Re: 2016 Men's Lax
Posted: Wed Feb 24, 2016 9:30 pm
by mtrout
SMU Football Blog wrote:The turf eliminates its use for NCAA soccer events, I think. That is a negative. I wonder if soccer will use the field in inclement weather to preserve Wescott?
For lacrosse, there is an argument that turf is better as you can make a bounce pass and gb's are more consistent.
According to everyone in the know here wescott will be a pile of dirt in 5months
Re: 2016 Men's Lax
Posted: Thu Feb 25, 2016 11:19 am
by PonyKai
It will be. They'll just, you know, build a new soccer stadium that has natural grass. Wonder if they can use the Crum field in the interim. Don't know if it's regulation dimension.