It's harder to get into a G rated movie than ASUWhat does hitting the JUCO ranks hard mean? ASU brought in 10 JUCO's last year. I consider that hitting the JUCO ranks hard. We are bringing in 10 JUCO's this year?
It's harder to get into a G rated movie than ASUWhat does hitting the JUCO ranks hard mean? ASU brought in 10 JUCO's last year. I consider that hitting the JUCO ranks hard. We are bringing in 10 JUCO's this year?
fifyThose figures are nice - but the University doesn't care enough about the athletic department.
You are assuming that we will eventually be a good team. What makes you so sure we will?
It's harder to get into a G rated movie than ASU![]()
I'm past it. Well into indifference.
I'm at mine. Still following the team, but I can't imagine I'd want to go to games if I still lived there. I might still go, but it would be because of guilt.
Things are so bad, I can't enjoy college football at all. I used to enjoy watching random Thursday night football games. I can't anymore.
I don't go to games much anymore. Only attend one fundraiser a year. Barely care if I see the games, and often do not.
I wholeheartedly do not think the administration is supporting this program for success. I believe they plan to do the bare minimum and milk the program for all it's worth to pay off fictitious, unnecessary, self imposed debt. We cannot win consistently when we do not compete on an equal playing field.
Nonetheless, if we ever get our act together and start putting a good product on the field, I will probably come back.
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What is "fictitious" debt? What do you mean "unnecessary" debt? Would you rather they just let Hawkins finish out his contract, and thereby not have to pay him off? Likewise would you rather they just let Embree and Bieniemy finish out their contracts, rather than pay them off? Would you rather they let Bohn finish out his contract, rather than pay him off? Would you rather stay in the Big 12, so there is no direct loss of income? The debt is most certainly "self imposed!" Leaving one conference for another means a huge loss of income. Firing coaches and athletic directors who are still under significant contracts means a big payment as well, particularly difficult to bear when dealing with the aforementioned loss of income.
Another major part of the problem is the schools inability to recognize what good athletics can do for enrollment and the school on the whole. If Rick George can get then to understand that ROI, then maybe the school will actually invest in the AD rather than saddling it with debt.
For all intents and purposes the AD is bankrupt. There is little chance they can repay everything while consistently reinvesting in the program (as they should be). They need an effective bankruptcy and current lenders (school) need to take part in the reorganization (ie severe haircut). I expect Rick understands this, hence his discussions with the school to forgive the debt. I suspect that is simply his first step in his plan to eventually get the to agree to major financial reorganization.
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Is the University of Colorado hurting for students?
I doubt they are hurting for students at the moment, but like any university they need to continue to grow to flourish. Furthermore, I have heard from different university sources that competition for students is slated to increase quite a bit over the next 10 years plus. It's just like building the new workout center for students. All schools are making a huge effort to attract students on an ongoing basis and CU is no different.
But you are also correct from another perspective. The University could always make the choice to invest in other things to attract students (not athletics). In that case the shutdown of the AD becomes inevitable (if even a long time from now). One could argue the University is currently proceeding down this path.
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The AD is insolvent. There are two things you do in insolvency:
1. Shutdown, or
2. Reorganize.
I very much doubt they will shutdown just like you all pointed out. It seems to me they are in the very beginnings of a reorganization that should have started years ago. Reorgs include operation changes (P&L), and financial changes (balance sheet). Like I wrote before, I think Rick. George understands this, but the University doesn't see it yet. They'll have to one day or this program will languish forever.
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Who said they were unable to pay their debts? Just because they have $20 million in debt, doesn't mean they aren't able to pay it back. The debt will all be paid. It will just take some time for that to happen.
They are unable to pay their debts while reinvesting in the program at the same time. We've seen this for more than a decade. If things are different now, then I'd love to start seeing them invest.
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