last night's meeting

rich59 · Post by **rich59** » Wed Jan 11, 2012 2:31 pm

Understand that there were some really good vibes from last night's meeting on campus of SMU supporters. Around 6000 Mustang fans attended the bowl game. The coaching staff and players prepared very hard for the game and were ready. Probably the entrance into the Big East is going to solve a lot of money problems at SMU. The completion of the renovation of Moody is going to coincide with the first BB home game against a BE opponent.

Bergermeister · Post by **Bergermeister** » Wed Jan 11, 2012 3:37 pm

rich59 wrote: Probably the entrance into the Big East is going to solve a lot of money problems at SMU.

Why do we have "money problems"?

Dutch · Post by **Dutch** » Wed Jan 11, 2012 3:38 pm

Bergermeister wrote:
rich59 wrote: Probably the entrance into the Big East is going to solve a lot of money problems at SMU.

Why do we have "money problems"?

because the Athletic Department doesn't have enough of it.

smupony94 · Post by **smupony94** » Wed Jan 11, 2012 3:41 pm

Bergermeister wrote:
rich59 wrote: Probably the entrance into the Big East is going to solve a lot of money problems at SMU.

Why do we have "money problems"?

the Mustang Club raises 2-3 million a year and athletics has to cost 5 times that

Mustangs_Maroons · Post by **Mustangs_Maroons** » Wed Jan 11, 2012 3:43 pm

Bergermeister wrote:
rich59 wrote: Probably the entrance into the Big East is going to solve a lot of money problems at SMU.

Why do we have "money problems"?

I think this is in reference to the overall profitability of our athletics program. I don't know the numbers but I would suspect we're not exactly making a lot of money. Going to the BE will help though.

And in terms of overall money at the university, I think we get carried away with what our endowment is. It's good but it can be a lot better. I believe that tcu has almost if not already caught up to us, which is unacceptable. Rice, on the other hand, has a much bigger endowment than we do. We need to increase this for our overall university to grow. It will help with university faculty, research, scholarships, etc. Anyways, that's a different topic but just wanted to throw it out there that we're not as rich of a university as we can be, and there's no point being complacent.

Dutch · Post by **Dutch** » Wed Jan 11, 2012 3:44 pm

our AD operates in the RED. there is no "making money" it's subsidized by the university general fund.

stl.pony · Post by **stl.pony** » Wed Jan 11, 2012 3:57 pm

CoxMustangFan wrote:$5m operating AD short-fall that the University covers...if you care about that kind of thing. Endowments only matter to the degree that they can help offset the short-fall. In some cases they're too restricted and can't help.

I'm pretty sure the defecit is close to 15-20 million annually ... Found an old dailycampus article to back this up:

http://www.smudailycampus.com/news/93-m ... -1.1289540

That said, SMU's annual budget is close to $330 million I beleive. Either way the Big East TV money is HUGE!!!

kull · Post by **kull** » Wed Jan 11, 2012 4:18 pm

yeah, they endowments are about identical. 1.2 billion each

Mustangs_Maroons · Post by **Mustangs_Maroons** » Wed Jan 11, 2012 4:22 pm

kull wrote:yeah, they endowments are about identical. 1.2 billion each

Exactly. This has decreased for us and it has increased for them from a few years ago. I believe we reached our peak at $1.4bn.

BrianTinBigD · Post by **BrianTinBigD** » Wed Jan 11, 2012 4:28 pm

$5M is about right from a cash basis. The DC number takes into account the price of the scholarships that the athletic department is charged for each enrolled athlete.

rich59 · Post by **rich59** » Wed Jan 11, 2012 4:32 pm

I believe the university has to spend about $5M per year to keep the athletic programs afloat. The BE could solve that if the BCS does not throw a monkey wrench into the gears.

Post by **Webmaster** » Wed Jan 11, 2012 4:48 pm

A loss of $5M is probably a really good year for SMU. In years past, I believe it was closer to -$10M

smusic 00 · Post by **smusic 00** » Wed Jan 11, 2012 4:50 pm

We are not well endowed.

ponyinNC · Post by **ponyinNC** » Wed Jan 11, 2012 4:53 pm

smusic 00 wrote:We are not well endowed.

speak for yourself...

smusic 00 · Post by **smusic 00** » Wed Jan 11, 2012 4:54 pm

ponyinNC wrote:
smusic 00 wrote:We are not well endowed.

speak for yourself...

yup