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Financial issues costing Stanford?

Discussion in 'Colorado Football Message Board' started by Buffnik, Jan 6, 2010.

  1. Buffnik

    Buffnik Real name isn't Nik Club Member Junta Member

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    I knew that pretty much their entire defensive staff left for other opportunities. There's also been a lot of chatter that Harbaugh would jump to the NFL in a heartbeat (and is having conversations). But this post to the ESPN Rumors page really did a nice job of explaining the mess their AD is in:

    Is financial climate costing Cardinal?
    10:52
    AM ET
    Stanford Cardinal Top Email

    ESPN's Mark Schlabach reported last summer that despite its success, the Stanford athletic department was being asked to cut $3.1 million from the 2010 budget and $4.5 million from the 2011 budget. That's a direct result of a drop in the value of the school's athletic endowment.

    Could this have played a role in the recent exodus of assistant coaches? When your program suddenly becomes hot, other schools always want a taste, and it's commonplace for new head coaches to bring staff from their former employers (as Western Kentucky's Willie Taggart has done). But as we saw with Georgia's courtship of Bud Foster and John Chavis, if your boss wants you bad enough, he will come up with the money to keep you.

    That may not be possible at Stanford. The school has other unique expenses -- e.g., the Coaches' Housing Fund that buys houses, has built houses and offers loans or bonuses to assist in the purchase of houses, to offset the high cost of real estate in the Bay Area -- that may make it impossible to retain coaches for the long haul.

    This is especially relevant now that NFL teams are free to come calling on coach Jim Harbaugh (NFL Rumor Central), who signed an extension last month but is rumored to have his eye on a jump to the NFL. Stanford is not in a position to offer a $3 million or $4 million salary that might reduce the temptation of an NFL job, which means that replacing assistants may be the least of the program's concerns in the near future.
     
  2. absinthe

    absinthe Ambitious but rubbish. Club Member Junta Member

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    Should be interesting to see how it plays out i can't believe they have athletic money issues that Arriaga cant some 3 million is pittance to him.
     
  3. 96 Buff

    96 Buff Resident Commie Bastard Club Member Junta Member

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    Bout ****ing time those guys felt the pinch of a not-unlimited budget. Not only if Texas would feel it, too.
     
  4. Clean Undies

    Clean Undies Flagship of the 12-Pac Club Member

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    Oh ****! If Stanford can't keep their finacial house in order, what hope does the rest of NCAA D1 football have?
     
  5. Buffnik

    Buffnik Real name isn't Nik Club Member Junta Member

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    Stanford is somewhat unique. They never really built a revenue base and instead relied on the Wall Street value of endowments. Oops.
     
  6. White_Rabbit

    White_Rabbit Club Member Club Member

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    Good for us, Harbaugh has been recruiting up a storm. Hopefully he leaves and Stanford goes back to being terrible, less good recruits that double as great students for them, more for us.
     
  7. SCB

    SCB Well-Known Member

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    F*** Stanford. That is all.
     

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