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Maybe the whole university won't go private, but why not the AD?

Discussion in 'Colorado Football Message Board' started by Darth Snow, Nov 11, 2009.

  1. Darth Snow

    Darth Snow Hawaiian Buffalo Club Member Junta Member

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  2. 13Buff

    13Buff Club Member Club Member

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  3. Darth Snow

    Darth Snow Hawaiian Buffalo Club Member Junta Member

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    I just like the idea cause it could possibly (with some good lawyering) get the AD out from under TABOR and such...
     
  4. 13Buff

    13Buff Club Member Club Member

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    No kidding, wouldn't have to worry about 1 year contracts for AC's, maybe get some facilities built. According to the articale it may only be a symbolic thing but if the AD could get out from under at least some of the School and State Policies and Politics, I think it could be worth while. Sign me up! :thumbsup:
     
  5. sackman

    sackman Club Member Club Member

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    I'm not really sure how this would benefit the "shareholders". It sounds like little more than a fundraising campaign to me. Which is fine, but I seriously doubt that the folks who purchase shares will have any real say in the direction of the athletic department.
     
  6. Darth Snow

    Darth Snow Hawaiian Buffalo Club Member Junta Member

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    guess it depends on how far towards the green bay model they go. Lot's of AD's are separate entities that don't answer to teh school (as far as I know)... This is just one way of doing it, and it even happens to raise $!
     
  7. 13Buff

    13Buff Club Member Club Member

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    If you are going to donate money anyway, It would be nice to at least have a vote on the Board of Directors and it would be cool to "own" a piece of the Buffs.

    I know I have some say by voting for Regents but I would like a vote in who makes Athletic Department desicions and that is their sole purpose.
     
  8. sackman

    sackman Club Member Club Member

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    Technically, CU's AD is a separate entity as well, but it still has to answer to the school. All AD's have to answer to the school, regardless of whether they're independent entities or not. They represent the school, and as such, need to be held accountable to the school. Otherwise, it's a semi-pro franchise, not a college team.
     
  9. Darth Snow

    Darth Snow Hawaiian Buffalo Club Member Junta Member

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    Fair enough. But a certain amount of leeway would be given to major shareholders wouldn't it( to select AD's etc)? Even if it is purely symbolic, I am just wondering if it would get the AD out from under TABOR... (haven't taken Agency or Corporations yet or ever looked at the relevant portion of TABOR, so I don't even have a semi-educated guess).
     
  10. sackman

    sackman Club Member Club Member

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    I'll say this - if by purchasing a share in the department I get access to the financials of the department and have access to some kind of annual shareholders meeting where I could air my grievances directly to the people involved, I'd be willing to do that. That would be the benefit to owning some of this "stock". I hesitate to actually call it stock, as it's not any form of marketable security and doesn't represent any actual ownership in the entity.
     
  11. CarolinaBuff

    CarolinaBuff Weekend Poster Club Member

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    That's what it sounds like:

    http://www.ktvb.com/news/BSU-to-sell-stock-in-athletics-programs-to-public-69782417.html
     
  12. SINKRATZ

    SINKRATZ Club Member Club Member

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    Since the AD's salary is paid by the school (state), I don't think the "Board of Directors" will have much influence on those type of decisions. I suspect their level of control is limited to picking carpet colors in future new facilities and where to hold the annual homecoming golf tournament.

    Interesting idea, but sounds like a glorified booster club to me.
     
  13. absinthe

    absinthe Ambitious but rubbish. Club Member Junta Member

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    A significant number of global professional sports teams use this model effectively.

    Article on Real Madrid that illustrates the extreme of this model: http://www.davidbruceallen.com/strategyoped/2006/04/real_madrid_cf_.html
     
  14. Buffarino

    Buffarino Math - how does it work? Club Member

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    I like how you think, Sacky. Especially the airing if grievances at the shareholders meeting.

    "I've got a lot of problems with you people!"

    Sign me up!:smile2:
     
  15. 13Buff

    13Buff Club Member Club Member

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    If you can pay the coaches salaries from new NPO it is well worth it if it gets CU out of the:

    a) 1 year contract for assistants Debate

    b) "We have the money but can't pull the trigger for political reason" problem when it comes to coaching changes.

    Plus even if it is a glorified fundraiser, we need to raise funds.
     
  16. GoBuffs08

    GoBuffs08 Well-Known Member

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    It could be the Festivous for the rest of us. I want to see DBT vs. Hawkins in the test of strength.
     
  17. Buffarino

    Buffarino Math - how does it work? Club Member

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    Who's bringing the aluminum pole?
     
  18. GoBuffs08

    GoBuffs08 Well-Known Member

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    I think you mean the Festivous Tree.
     
  19. ThndringHerd

    ThndringHerd Well-Known Member

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    I really like the idea. Aside from the possibility of getting around TABOR, it would also keep the U from siphoning off surpluses generated by the AD. Not that the AD is actually running a surplus right now. But if it did those surpluses could go towards performance incentives for the staff and/or facilities. :smile2:
     
  20. ScottyBuff

    ScottyBuff Well-Known Member

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    If CU did do this, I would only want the funds to be used for facilities.

    Players and coaches come and go over the years, but facilities upgrades can last for generations and are so expensive that they are the hardest part of fundraising goals to accomplish.

    I would be curious as to what the compliance issues would be for having that many "stockholders" involved in the athletic department and the possible recruiting violations from contacts with potential recruits.

    I think the "donations" from boosters offer some distance since there is no real obligation back to the donor, but with the purchase of stock and annual meetings, etc. that line might get fuzzy.
     
  21. 13Buff

    13Buff Club Member Club Member

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    Since the "Shares" are more symbolic than an actual ownership or control, i wouldn't see this as a problem. aside from the vote for Board of Directors and a meeting every year its not that different than just making a donation.

    As for the Salarie issues, what if only assistants got their pay check from the NPO and the HC still got paid trough the School? Anything to get some of the limitations of of the program.
     
  22. ScottyBuff

    ScottyBuff Well-Known Member

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    Yep, I understand what they mean in regards to the shares and what the "ownership" means and all that. I am not a lawyer or anywhere close, but there is still more an element of "control" than a typical donation. I am sure that the schools doing this have already figured out all the angles, just throwing in my $0.02.

    I hear you, the contract limits really hamper the athletic department's ability to recruit/retain coaches. But I also don't want the school (or NPO) to be forced to "buyout" a bunch of assistant coaches during a regime change, so the TABOR stuff still has some merit.

    It would be better to be able to offer long term contracts, but have the guaranteed salaries lower and the performance incentives more lucrative for any coach. Also adding conditions that exempt the school from paying any guarantees to assistants if the head coach is fired or quits.

    Creating a whole new entity, with additional administration costs, possible CEO salary, etc seems like an inefficient way to solve the problem with coaching salaries. It would be best to amend the state law to increase the contract limits from 6 personnel, to say 12 if there can be an endowment established that is assigned to pay for each of those additional annual contracts (I know that is highly unlikely).
     
  23. 13Buff

    13Buff Club Member Club Member

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    My Wife is staffing a state commision right now that is putting together suggestions for new legislation and from that heart ache they are going through it may be easier, quicker, more efficient and cheaper to start a new entity with a CEO IMHO.
     
  24. tante

    tante Club Member Club Member

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    I think what would make this better is you actually get voting privileges and a share of any profits that the AD would make. They can make it easy and say you must own a minimum of 1% of all outstanding shares to be invited to any shareholder meetings, otherwise you vote would be via proxy.
     
  25. MiamiBuffs

    MiamiBuffs Wᴉɐɯᴉ qnɟɟs Club Member

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    When your boss is the President or the Chancellor or even the Board of Regents (if such a structure exists somewhere) your answering to someone that has the big picture for the University in mind.
     
  26. Junction

    Junction Moderator Club Member

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    Do you really need a meeting room to yell "Powder blue, Bohn!!!" ? :lol:
     
  27. ScottyBuff

    ScottyBuff Well-Known Member

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    Very true!

    Sad.... but true.

    I just don't understand how a possible endowment that is paid by private donations cannot be exempt from the TABOR provisions for contracted employees. The statute says that it limits the number of contracts for "government-supported officials or employees". If the position is not "government-supported", then how does it apply?

    The boosters could raise the funds for each "endowed" coordinator position within the athletic department. It would cost approximately $8-10 million for a football coordinator, less for basketball assistants, football position coaches, and head coaches for non-revenue sports (such as skiing or volleyball). At an annual salary of approx. $400k (which is what a top-tier coordinator should be making) none of these funds would need to come from general or state funds and/or the athletic department budget.

    That is alot of money, but once it is done, then we would not need to continue this problem of funding for coaches. And it would only really be needed (for football at least) on the three or four main assistants.
     
    Last edited: Nov 12, 2009
  28. leftybuff

    leftybuff Iconoclast Club Member

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    ANYTHING is easier if you don't have to deal with the gov't. sticking their nose in and effing it up....
     
  29. Duff Man

    Duff Man Moderator Club Member Junta Member

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    Not in favor of the idea.
     
  30. 13Buff

    13Buff Club Member Club Member

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    Since it is a little slow around here and this actually a subject that has not been repeated over and over again for weeks. Why are you against it?
     

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