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The CU Fund

Discussion in 'Colorado Football Message Board' started by NashBuff, Jun 8, 2010.

  1. NashBuff

    NashBuff CSU Knob-Slobberer

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  2. GoBuffs08

    GoBuffs08 Well-Known Member

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    I'd buy back my season tix tomorrow if Bohn came out and said that we were going to the PAC regardless of any other expansion plans by other teams, and we need fan support to help payoff the penalty.

    I would do this even with the asshat head coach we have.

    However until something positive comes out of the athletic department, I'm left with "burned to the ground", and that has made me forget how to write any check payable to the University of Colorado.
     
  3. SanDiegoBuff

    SanDiegoBuff Club Member Club Member

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    Everyone is so focused on the AD, and yes, athletics are a main driver in this, but this ultimately has nothing to do with Bohn, the AD or the AD budget. If the invite comes, the AD will provide input, but the AD could say 'no' and the Regents could say 'yes'. That's not gonna happen, but you get the gist. This is a SCHOOL decision that helps both academics and athletics. The money for this will come from the school, maybe equally from the academic side and the athletic side. It's a CU thing, not an AD thing.
     
  4. Clean Undies

    Clean Undies Flagship of the 12-Pac Club Member

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    My support for CU is due to the past, present and future.
    The past - Too many good times to count.
    The present - the success of cross country and track, and kinship with too many dear ol CU friends.
    The future - our next mNC!

    Go Buffs!
     
    Idot Buff likes this.
  5. buffaholic

    buffaholic Club Member Club Member

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    exactly. ESPN asking if CU AD has the money. F that. There is money to get this done. Do we have the money NOT to do it?

    Nothing explains why CU needs to join the Pac-10 quite like just observing Texas Politico's the last few days. OU pulling OSU along? Come on. Time to distance ourselves from these retards. The Pac10 is SO much better suited for CU.
     
  6. Buffnik

    Buffnik Real name isn't Nik Club Member Junta Member

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    First of all, it's not a buyout fee. Everyone is reporting this incorrectly. It is a penalty. At the end of the academic and athletic year, the Big 12 pays disbursements to all members. CU gets around $9 million. Should CU decide to leave the contract, then CU will not receive 50% of its disbursements for the final 2 years. So our AD will have to absorb $4-5 million per year in lost revenue the next 2 years, but there's no check to be written to the Big 12.

    If we accept a Pac invite, then CU fans need to rally, buy our season tickets, and make our donations. We need to enter the new conference from a position of strength.
     
  7. Timbuff10

    Timbuff10 Member

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    I will buy all sorts of stuff as soon as Hawkins is gone. Can't be strong with him at the helm. The PAC move is a great start though, but if we roll in to a new conference with that loser the school is not showing any kind of commitment to trying to win or for that matter even be mediocre.
     
  8. DBT

    DBT Club Member Club Member

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    The CU Fund is such a joke. It has, like, $500 million? It used to be over $700 million. Do you know what the big boys have? Multi billion. That is what they have. Plus, they don't give a **** about sprots.
     
  9. Darth Snow

    Darth Snow Hawaiian Buffalo Club Member Junta Member

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    9 million loan shouldn't be impossible. ****ing assholes.
     
  10. GoldenBuff

    GoldenBuff Club Member Club Member

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    The other thing to keep in mind on the exit penalties is that if six or more teams leave the conference, then it ceases to exist and any penalties that might ensue are null and void.
     
  11. SuperD

    SuperD Club Member Club Member

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    Not true according to what people have been posting today. Apparently takes a 9 school vote to disband without paying off the remaining schools.
     
  12. GoldenBuff

    GoldenBuff Club Member Club Member

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    This would seem to be the case according to the bylaws (http://http://www.big12sports.com/fls/10410/pdfs/handbook/ConferenceHandbook.pdf?DB_OEM_ID=10410) but there's nothing specific in there about what happens if the conference ceases to exist. They only mandate a vote of 75% on financial issues (obviously paraphrased but that's the crux of it). I refuse to believe that Texas will give any extra money to the remnants of the conference if it bolts though. If 6 (or more) teams leave the conference, no one is forfeiting money. I'd bet money on that.
     
  13. Clean Undies

    Clean Undies Flagship of the 12-Pac Club Member

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    The regents could have just read this thread, and blown off that meeting this evening with the attorneys.
     
  14. Darth Snow

    Darth Snow Hawaiian Buffalo Club Member Junta Member

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    given that this is allbuffs, they probably would get more attorney's giving advice (and for free!) by reading allbuffs than having a meeting.
     
  15. Sexton Hardcastle

    Sexton Hardcastle Club Member Club Member

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    Anyone know anything about Tom Marsico?
     
  16. stampy

    stampy Well-Known Member

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    He gave a mil to help get hawkins here. Like most mutual fund guys, he isn't worth as much now as he was a few years back. Still worth slightly more than me, though.
     
  17. buffaholic

    buffaholic Club Member Club Member

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    what happens if 8 teams bolt and the 4 remaining teams decide to add 8 teams from the MWC, WAC, etc.?

    Technically, the conference still exists and they won't have 9 votes to "undo" the foregone payment....

    By the way, there IS a penalty to be paid. When you forego receiving money from the conference, that is EXACTLY the same as writing a check!
     
  18. Ruckus

    Ruckus Peep my words. Club Member

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    Not sure you understand the meaning of the word exactly.
     
  19. Darth Snow

    Darth Snow Hawaiian Buffalo Club Member Junta Member

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    Exactly what I was thinking.
     
  20. Sexton Hardcastle

    Sexton Hardcastle Club Member Club Member

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    Thanks Stamp.

    Who are the top boosters for CU athletics? My pops used to talk about how we had an airline prez back in the 70's and 80's(I think it was continental. No?). Are there anymore Vickers type boosters still associated with the program?
     
  21. stampy

    stampy Well-Known Member

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    Marsico is the biggest guy of whom I'm aware. I really don't think CU has a lot of huge booster types. Actually I think Marsico's gift, while coinciding with Hawkins' arrival, was billed as being the money to complete the bubble. I heard him speak that year at the Cherry Creek Smoker. He said he had stayed away from the program up til that point because he didn't like the way things were being run (I took it as an anti Barnett comment), but Hawkins was going to do it the right way, blah, blah, blah.
     
  22. Buffnik

    Buffnik Real name isn't Nik Club Member Junta Member

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    I believe it takes 9 votes for the members to waive exit penalties. But it doesn't take 9 leaving to break the conference, just 4.
     
  23. buffaholic

    buffaholic Club Member Club Member

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    Financially, it's EXACTLY the same.
     
  24. GoBuffs!!

    GoBuffs!! Active Member

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    I think it is NCAA rules that if 50% of a conference leaves the conference is disbanded, so 6 to the PAC would do the trick
     
  25. GoldenBuff

    GoldenBuff Club Member Club Member

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    I've skimmed the first 200 pages or so (of 400) of the NCAA DI bylaws and I haven't found anything specifically relating to a conference disbanding so far.
     
  26. tante

    tante Club Member Club Member

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    How big is the endowment at CU? I think Harvard is at something like $25 Billion, maybe they can buy out hawkins for us.
     

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