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Mostly “Fire Geoff Collins”, some reminiscing, maybe bourbon or other distractions
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<blockquote data-quote="slugboy" data-source="post: 844841" data-attributes="member: 282"><p>That was the a big point of the point I was trying to make</p><p></p><p>Liberty</p><p>- has a large $1.6B endowment, with few strings attached</p><p>- are a private institution and have greater independence in their financial decisions</p><p></p><p>Georgia Tech</p><p>- has a larger $2.2B endowment with lots of strings attached</p><p>- there are also research $$</p><p>- that endowment is not usable by the Athletic Association beyond some negligible (‘here is a box lunch’) amount. This isn’t just “Regents say it’s not OK”—it’s state law creating a financial firewall between the academic and athletic sides of the house</p><p>- on the academic and research side, the $2.2B can be used. That side of GT is way in the green</p><p>- on the athletic side of the house, the academic endowment and research money <strong><em><u>does not exist</u></em></strong>. The AA is $200MM in the red. </p><p></p><p>There may be a few creative things that the academic side of the house can do, but I think they’re close to the legal max they can give the AA. </p><p></p><p>The general answer to “GT has $X, why can’t the AA do <insert thing>” is “The AA isn’t GT, and that’s un-possible in the current setup”.</p></blockquote><p></p>
[QUOTE="slugboy, post: 844841, member: 282"] That was the a big point of the point I was trying to make Liberty - has a large $1.6B endowment, with few strings attached - are a private institution and have greater independence in their financial decisions Georgia Tech - has a larger $2.2B endowment with lots of strings attached - there are also research $$ - that endowment is not usable by the Athletic Association beyond some negligible (‘here is a box lunch’) amount. This isn’t just “Regents say it’s not OK”—it’s state law creating a financial firewall between the academic and athletic sides of the house - on the academic and research side, the $2.2B can be used. That side of GT is way in the green - on the athletic side of the house, the academic endowment and research money [B][I][U]does not exist[/U][/I][/B]. The AA is $200MM in the red. There may be a few creative things that the academic side of the house can do, but I think they’re close to the legal max they can give the AA. The general answer to “GT has $X, why can’t the AA do <insert thing>” is “The AA isn’t GT, and that’s un-possible in the current setup”. [/QUOTE]
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Georgia Tech Athletics
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Mostly “Fire Geoff Collins”, some reminiscing, maybe bourbon or other distractions
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