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Here Comes the Drama...

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I agree on the athletes comment, but the development comment still needs to be seen. When you have 4 of the 5 top P4P ranked guys committed in this 2018 recruiting class just how much development do you think is needed?

It's just tiresome to see the same old nonsense trotted out when it comes to Cael. I mean, do we really need another "Cael can't develop or coach" arguments? I find it laughable that people are still trying to make an argument that Cael doesn't have to develop the guys he brings in, that they are just naturally talented enough to win national titles.

This was such a lazy argument and judging by the tone of your posts you seem like you're better than resorting to such laziness.
 
Do you all really believe that this many top kids the last 3-4 years are coming to have F*N for 50% scholarships when they can go to the majority of other programs for free? Out of state tuition and fees alone for a non-PA resident is $32k a year with an estimated additional cost of $12k for room, board, etc. Come we will give you 50% scholarship, but you need to cover the other $22k a year its going to cost you to come to school here?

Until somebody can show us that PSU or the NLWC is illegally paying wrestlers then yes. People love to make these accusations but there is never a shred of proof that anything is going on.

Its a chance to prove all the guys listed below and I'm sure I've missed some are okay with $60-80k of college debt because they had a lot of f*n.....

You don't prove a negative. So again, if somebody wants to make a claim that those guys are not OK with whatever it is they are paying to go to Penn State then somebody can provide us with the evidence that these kid and/or their families are not OK with it.

Your post is nothing more than a Hawkeye's wet dream that PSU is somehow cheating their way to a dynasty instead of the reality of what is happening.
 
Seriously. Iowa won a kajillion national titles and converted that into a whopping $700k?

If they merely passed the hat around CHA for one year ... 7 home duals, 10k fans per, $10 each ... that would double the HWC endowment.

Is Iowa bad at planning or are its alumni and fans cheap?

Yes
 
Please let all of us less fortunate folks in the Midwest when the free NWLC camps and clinics are this year.
 
Is Iowa bad at planning or are its alumni and fans cheap?

Let's put it to you this way. I was told by a reliable source that Madison Square Garden missed on its bid for a second NCAA tournament largely because Iowa and its fans complained so loudly that it was too expensive to get to and stay in NYC.
 
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Where was it criticized or questioned once about the amount of funding and support the NLWC receives??? I'm all for the level of support your club has and believe that it will ultimately raise the bar for all clubs across the country which delivers better wrestling for the USA. However what I'm questioning is if indeed the NLWC revenue is solely supporting post graduate athletes as they pursue World and Olympic Gold Medals or if its being used to subsidize costs/scholarships for the PSU collegiate team. Keep the blinders on if you want, but the filed tax forms directionally support the latter.
The filed tax forms are just that, filed tax forms. They are in the public domain. They don't directionally support anything other than funds were raised and spent. Any thoughts other than that are just convenient thinking to support your own hypothesis.
 
Please let all of us less fortunate folks in the Midwest when the free NWLC camps and clinics are this year.

Did you even TRY to check out the NLWC website? Here is the link for you where you can see that they are not free. If you take the time to read the newsletter you can actually see who has participated in all of the camps and who all the donors to the NLWC are or you just keep throwing mud against the wall hoping something sticks.

http://www.nittanylionwrestlingclub.com/
 
I'm not a CPA but as a lawyer I've helped groups file for 501(c)(3) status, so I'm familiar with both Form 1023 (the application) and Form 990 (the yearly return).

There's really nothing unusual about the NLWC's 990 except that in 2014 you can infer that they received a pretty big donation, my guess would be a single $5m donation. If you take away that one donation, the NLWC and HWC 990s would look about how you'd expect them to look. In fact, since the NLWC didn't receive a $5m donation in 2015, you can compare their 2015 990s in an apples and apples sense by going to pages 9 and 10 of each.

REVENUES (in this context, donations)
HWC: $255,661
NLWC: $303,234 (includes $16,184 in NLWC membership dues; HWC line is blank; I don't think HWC has an annual membership dues structure)

EXPENSES (page 10, including all expenses)
HWC: $449,685
NLWC: $630,283

This is about what I'd expect. You can probably go back and estimate which club was more active around that time but I'll bet it was the NLWC, and that would account for the difference.

That disposed of, you're left with misinformed, financially illiterate whining over NLWC having received a $5m donation in 2014, and everyone else having not.
 
Seriously. Iowa won a kajillion national titles and converted that into a whopping $700k?

If they merely passed the hat around CHA for one year ... 7 home duals, 10k fans per, $10 each ... that would double the HWC endowment.

Is Iowa bad at planning or are its alumni and fans cheap?
The Iowa administration has not allowed the HWC promote themselves at events over the years. They want the entire piece of the pie for themselves. The HWC was essentially defunct and operating on less than $50k per year when Brands took over the program. He was the one that emphasized building it backup when he took the head coaching job.
 
Let's put it to you this way. I was told by a reliable source that Madison Square Garden missed on its bid for a second NCAA tournament largely because Iowa and its fans complained so loudly that it was too expensive to get to and stay in NYC.

This is laughable. You guys have one donor give $5M to an endowment and you set the bar of excellence
 
This is laughable. You guys have one donor give $5M to an endowment and you set the bar of excellence
Are you quoting the right comment- because there is a big disconnect between the two. I think the donor gave $5M because he thought Cael had already set the bar for excellence!
 
FLO posted the link on their Facebook page. You better get after em!
I did. I mentioned that it's only "stunning" if you haven't been paying attention and/or don't understand how numbers on tax forms work. Back when journalism existed, you'd go find someone with relevant expertise to review the supposedly stunning document and cite them. The only thing stunning about this 990 return is the already-known-about donation (three years later, still stunning?) because otherwise you have expenses and donations that you could probably have even accurately extrapolated from the slightly less active competitors like Sunkist and HWC, if you only had their 990s.
 
I did. I mentioned that it's only "stunning" if you haven't been paying attention and/or don't understand how numbers on tax forms work. Back when journalism existed, you'd go find someone with relevant expertise to review the supposedly stunning document and cite them. The only thing stunning about this 990 return is the already-known-about donation (three years later, still stunning?) because otherwise you have expenses and donations that you could probably have even accurately extrapolated from the slightly less active competitors like Sunkist and HWC, if you only had their 990s.
HR hated Christian 2 days ago. Now he's their go-to Forensic Accountant
 
Is this the same CP that shat himself when Cael asked him if he had a plan?
CP is an Iowa fan, but he's generally very fair and positive about PSU. Despite being an Iowa fan himself, he's gotten a good bit of grief over the years from Iowa fans.
 
This is laughable. You guys have one donor give $5M to an endowment and you set the bar of excellence

we also had a guy donate $100M for M/W hockey. We arent short on people who had a great experience at the university, made something of themselves and willingly give back.

The NLWC is just part of the overall relationship between the school and its alumni.
 
I'm not a CPA but as a lawyer I've helped groups file for 501(c)(3) status, so I'm familiar with both Form 1023 (the application) and Form 990 (the yearly return).

There's really nothing unusual about the NLWC's 990 except that in 2014 you can infer that they received a pretty big donation, my guess would be a single $5m donation. If you take away that one donation, the NLWC and HWC 990s would look about how you'd expect them to look. In fact, since the NLWC didn't receive a $5m donation in 2015, you can compare their 2015 990s in an apples and apples sense by going to pages 9 and 10 of each.

REVENUES (in this context, donations)
HWC: $255,661
NLWC: $303,234 (includes $16,184 in NLWC membership dues; HWC line is blank; I don't think HWC has an annual membership dues structure)

EXPENSES (page 10, including all expenses)
HWC: $449,685
NLWC: $630,283

This is about what I'd expect. You can probably go back and estimate which club was more active around that time but I'll bet it was the NLWC, and that would account for the difference.

That disposed of, you're left with misinformed, financially illiterate whining over NLWC having received a $5m donation in 2014, and everyone else having not.
Tikk,
Now where would an Iowa Hawkeye wrestling fan be without a really good whine. As a collective they used to have the ability to determine match outcomes with constant and ferocious "Booooooooooo, heeeeeee's staaaaalllling" cries. Now from their 4th place status in the wrestling hiarchy they have surrendered their championship goals and are focused on their constant sniffling and whimpering cries of "boo-hoo, sniffle, sniffle, heeeeeee's cheeeeeeating."
 
CP is an Iowa fan, but he's generally very fair and positive about PSU. Despite being an Iowa fan himself, he's gotten a good bit of grief over the years from Iowa fans.
Pyles talks wrestling. To survive and be loved by Hawk fans you can not be a wrestling fan, you must drink the kool-aid and babble the same silly shyt they do.
 
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This is laughable. You guys have one donor give $5M to an endowment and you set the bar of excellence
To a cornstalk I suppose that post of yours makes sense. Penn State wrestling was setting the bar for wrestling excellence years prior.

I think 2015 for a Hawk should have special significanance. That, in the Penn State re-set season, is the only time in the past 7 years Iowa was a championship consideration and you did manage a Big10 tie.
 
So is it true that Suriano is leaving because he isn't getting his fair share of the slush fund money?
 
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