1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Football: Pac-12 TV money can not go to CU Buffs' facilities upgrades

Discussion in 'CU Buffs Newsroom' started by RSSBot, Dec 25, 2012.

  1. RSSBot

    RSSBot News Junkie

    Joined:
    Jul 8, 2005
    Messages:
    28,710
    Likes Received:
    200
    By Kyle Ringo Buffzone.com

    Significant facilities upgrades in and around Folsom Field will remain just a dream unless the University of Colorado athletic department receives an unprecedented increase in donations from fans and boosters.

    Originally posted by Daily Camera
    Click here to view the article.
     
  2. absinthe

    absinthe Ambitious but rubbish. Club Member Junta Member

    Joined:
    Dec 1, 2006
    Messages:
    25,881
    Likes Received:
    1,499
    Nice click baiting Kyle, way to tell us we still have to pay off leaving the big12, some coaches buyouts and a bond funded expansion to the stadium. If you read Allbuffs we told you exactly that on June of 2010.
     
  3. InTheBuff

    InTheBuff Club Member Club Member

    Joined:
    Jul 8, 2005
    Messages:
    11,249
    Likes Received:
    503
    nothing like trying to sneak this past the fan base on a day when people probably aren't paying attention-

    **** ... nothing ever changes does it ?
     
  4. Quattro

    Quattro Banned BANNED Club Member

    Joined:
    Nov 6, 2010
    Messages:
    26,503
    Likes Received:
    761
    Kyle Ringo: King Douche
     
  5. absinthe

    absinthe Ambitious but rubbish. Club Member Junta Member

    Joined:
    Dec 1, 2006
    Messages:
    25,881
    Likes Received:
    1,499
    ITB calm down - Ringos whole premise is that the PAC12 money isn't all new revenue because we used to get money from the Big12 too, and that the move + buyouts left us with a 22 million dollar hole. Which by his own numbers would take about 2.5 years to fill. It also assumes ZERO revenue from the digital, second and third tier rights which have been estimated at 4 - 10 million per year.

    He's basically turning the fact we have some legacey debt, bad math, and a women's lax program into - we have no money. We have no money this year but our distribution grows every year an digital will pay more than zero so ultimately just like asu and wazzu who are bond funding we can do the same - just not for 18 - 24 months.
     
  6. OUBuff

    OUBuff American Club Member

    Joined:
    Feb 2, 2008
    Messages:
    5,193
    Likes Received:
    1,133
    I see two things in this article. 1) CUAD using Ringo to try and build a "we need to donate NOW" sense in the potential doner population. 2) Ringo uses recruting servicesque methods to get people to read news we already know.

    [video=youtube;OVtinv5LSnE]http://www.youtube.com/watch?v=OVtinv5LSnE[/video]
     
  7. Highlander

    Highlander Club Member Club Member

    Joined:
    Nov 26, 2011
    Messages:
    6,275
    Likes Received:
    1,550
    $22M needs to be paid off in 7 years, so that is $3.2M per year. Coaches pool increased by $2.5M per year. If LAX is costing us more than $.8M per year, we screwed up. So...


    That's $6.5M/year, leaving $2.5M to finance bonds today, plus an extra 5% of 18M each subsequent year (starts with $.9M in 2013). In addition, we will have another $3.2M available starting in 2020 once that current debt is paid off.

    That's not chump change. Yes, donations are needed, but this is a simplistic article written for the sole purpose of an unpaid advertisement for the AD for said donations.
     

Share This Page