š§Brilliant. Focus on the sports that lose money and have no fans.
š§Brilliant. Focus on the sports that lose money and have no fans.
Maybe if she said conservative students were indeed welcome at PSU consevative alums might start contributing again.I believe this is the letter, Greg
Centre Co., PA (WJAC) ā Earlier this week, Penn State president Neeli Bendapudi shared her vision for the future of the university.
In a new letter to faculty and staff, she's also releasing more details about the university's budget situation, saying that Penn State, in recent years, has spent more money than it has brought in.
āWe need to hold ourselves accountable. Are we going to transform our internal operations? Many of the systems in higher education were set up for yesterday, not for today and not for tomorrow.ā
The university's internal operations now also under an extensive budget review.
In the latest update to faculty and staff, Bendapudi confirmed a $140 million deficit in the university's education and general funds budget.
According to Bendapudi, the deficit is due to various factors, including inflation, recent tuition freezes, lower enrollment numbers, and the pandemic costing Penn State more than $400 million.
Bendapudi says the university last year had $350 million in reserve funding and was using $100 million per year from that funding, which means without changes to the budget, the reserve funding to cover basic expenses at Penn State would be gone in three years.
Whatās ahead for the future as a new budget model is adopted?
Bendapudi says some departments may have to reduce employee numbers, evaluate or delay program launches, or defer some purchase or improvements.
She stresses "while the overall institution is not in a financial crisis, I do understand these changes will have a significant impact for some units.ā
Bendapudi also points out that while Penn State has an $8.4 billion operating budget, almost half of that amount belongs to Penn State health.
B
Penn State trustees have challenged Bendapudi and university administrators to balance the budget by July of 2025.
yepI just donāt understand the branch campus aspect of it. With the amount of online courses being offered, thereās no need to have various branch campuses having less than 1000 students. I realize that and some of those small towns it does create some jobs but whatever company would buy, the property could also create jobs.
pretty sure men's basketball does not lose money and has not for a very long timeBrilliant. Focus on the sports that lose money and have no fans.
Not sure if they make money or lose money but either way, itās not a big profit or loss I would assume. Nothing like womenās basketball is for sure.pretty sure men's basketball does not lose money and has not for a very long time
i think they consistently generate a surplus of a few million per year. something like 3 million in surplus. and thats with nobody going to games. there's a lot of upside thereNot sure if they make money or lose money but either way, itās not a big profit or loss I would assume. Nothing like womenās basketball is for sure.
I have the PDF. I believe it's 6 pages long. A lot more smoozing than what was reported by WJACTV.I believe this is the letter, Greg
Centre Co., PA (WJAC) ā Earlier this week, Penn State president Neeli Bendapudi shared her vision for the future of the university.
In a new letter to faculty and staff, she's also releasing more details about the university's budget situation, saying that Penn State, in recent years, has spent more money than it has brought in.
āWe need to hold ourselves accountable. Are we going to transform our internal operations? Many of the systems in higher education were set up for yesterday, not for today and not for tomorrow.ā
The university's internal operations now also under an extensive budget review.
In the latest update to faculty and staff, Bendapudi confirmed a $140 million deficit in the university's education and general funds budget.
According to Bendapudi, the deficit is due to various factors, including inflation, recent tuition freezes, lower enrollment numbers, and the pandemic costing Penn State more than $400 million.
Bendapudi says the university last year had $350 million in reserve funding and was using $100 million per year from that funding, which means without changes to the budget, the reserve funding to cover basic expenses at Penn State would be gone in three years.
Whatās ahead for the future as a new budget model is adopted?
Bendapudi says some departments may have to reduce employee numbers, evaluate or delay program launches, or defer some purchase or improvements.
She stresses "while the overall institution is not in a financial crisis, I do understand these changes will have a significant impact for some units.ā
Bendapudi also points out that while Penn State has an $8.4 billion operating budget, almost half of that amount belongs to Penn State health.
Penn State trustees have challenged Bendapudi and university administrators to balance the budget by July of 2025.
Pegula is done donating to athletics. And, the BJC is perfectly fine.This would be a great time for Pegula to step forward, along with a few of his well off PSU buddies, and make a major contribution to get Kraft to announce that a new arena designed for optimal baskeball events is being designed and will be ready for the beginning of the 2025 basketball season.
No idea about coach Shrew's afinity to the Catholic way of sports regarding ND.
But if Shrew is lost to Georgetown the whole PSU athletic dept should get canned....... That would be like losing Franklin to Pitt.
Will they have to cut back on.equity and inclusion garbage and pronoun indoctrination.I have the PDF. I believe it's 6 pages long. A lot more smoozing than what was reported by WJACTV.
i think they consistently generate a surplus of a few million per year. something like 3 million in surplus. and thats with nobody going to games. there's a lot of upside there
I don't agree with everything you say but will say I do not donate to PSU. At all. I don't buy tickets directly from PSU. I cancelled my participation in the endowment I started nor will until Joe's statue is back where it belongs, Joe's name is returned to its proper place in Penn State lore and the way Joe's players were treated after his passing is made right.PSU has not aligned with many alumni. From the way they treated Joe and continue to do so, to working to obliterate the Greek system, which many alums have significant ties to, to working to be so damn woke. PSU is so far down my list of organizations I'll support. The exception is Thon.
PSU has a $4.610 BILLION endowment fund. What is it used for, bragging rights?I believe this is the letter, Greg
Centre Co., PA (WJAC) ā Earlier this week, Penn State president Neeli Bendapudi shared her vision for the future of the university.
In a new letter to faculty and staff, she's also releasing more details about the university's budget situation, saying that Penn State, in recent years, has spent more money than it has brought in.
āWe need to hold ourselves accountable. Are we going to transform our internal operations? Many of the systems in higher education were set up for yesterday, not for today and not for tomorrow.ā
The university's internal operations now also under an extensive budget review.
In the latest update to faculty and staff, Bendapudi confirmed a $140 million deficit in the university's education and general funds budget.
According to Bendapudi, the deficit is due to various factors, including inflation, recent tuition freezes, lower enrollment numbers, and the pandemic costing Penn State more than $400 million.
Bendapudi says the university last year had $350 million in reserve funding and was using $100 million per year from that funding, which means without changes to the budget, the reserve funding to cover basic expenses at Penn State would be gone in three years.
Whatās ahead for the future as a new budget model is adopted?
Bendapudi says some departments may have to reduce employee numbers, evaluate or delay program launches, or defer some purchase or improvements.
She stresses "while the overall institution is not in a financial crisis, I do understand these changes will have a significant impact for some units.ā
Bendapudi also points out that while Penn State has an $8.4 billion operating budget, almost half of that amount belongs to Penn State health.
Penn State trustees have challenged Bendapudi and university administrators to balance the budget by July of 2025.
they already pay him $2 milllion and have the surplus$3M Would not even pay for a top head coach. Won 20 games this year and nobody went to games. Where is the upside?
At the February BOT meeting, the trustees voted to allow ESG investing for the university's endowment funds. This basically means they can now use environmental, social, governance criteria (read progressive left agenda) for deciding how to invest. Prior to this, they were obligated to invest to maximize return for a given risk profile.PSU has a $4.610 BILLION endowment fund. What is it used for, bragging rights?
I hope they did not have an interest in SVB or Signature.
Mens basketball does make a profit, though itās almost entirely due to revenues from the conference (TV and NCAA tournament payouts).pretty sure men's basketball does not lose money and has not for a very long time
who cares if it is from tv and the conference? it is there and they have the ability to keep himMens basketball does make a profit, though itās almost entirely due to revenues from the conference (TV and NCAA tournament payouts).
That being said, there is money there to spend more on the hoops HC position (and other team coaches) if desired. And basketball absolutely has the upside of being able to generate more revenue from tickets/concessions as well as merchandise if the team is consistently good/popular.
That's exactly where they should start.Will they have to cut back on.equity and inclusion garbage and pronoun indoctrination.
they already pay him $2 milllion and have the surplus
almost every coach in the big ten makes around $3.5 million, there is not a big range other than izzo
they can obviosuly do it
and if psu lets him get away after two seasons, then **** them.
Sure if you are counting the B1G tournament for that win total...but in the regular season they didn't have the most wins of any team without Edey. And, Izzo earns his money as he has a tournament team every yr...it's the chicken and the egg theory...who knows what leads to what, but PSU's previous/current way of doing things isn't enough -- from an investment and buy-in standpoint for hoops. Hopefully Kraft changes that.What is the upside? Izzo made $6 million and had LESS wins. PSU had the most wins in the B10 of any team without a 7'4 center.
They can do it but why would they do it? Will you donate more money? Will the fans go to more games?
I don't get his point at all. Let's pick the one time in 25 years that Izzo had less wins in the conference (which isn't even correct, by the regular season), and say that means there is no upside and it's not worth it. Also nobody is saying to pay the coach what Izzo makes.Sure if you are counting the B1G tournament for that win total...but in the regular season they didn't have the most wins of any team without Edey. And, Izzo earns his money as he has a tournament team every yr...it's the chicken and the egg theory...who knows what leads to what, but PSU's previous/current way of doing things isn't enough -- from an investment and buy-in standpoint for hoops. Hopefully Kraft changes that.
I know...a one-year sample size is nonsensical to use for a discussion like this.I don't get his point at all. Let's pick the one time in 25 years that Izzo had less wins in the conference (which isn't even correct, by the regular season), and say that means there is no upside and it's not worth it. Also nobody is saying to pay the coach what Izzo makes.
the thought crossed my mindAll speculation. Shrews probably has the same agent as Franklin.
ummmIt sounds like ND is after both Shrews and OSU's Holtmann and is determined to get one of them. Why would any B1G coach leave to go to those "holier than thou a-holes" ?
Sure if you are counting the B1G tournament for that win total...but in the regular season they didn't have the most wins of any team without Edey. And, Izzo earns his money as he has a tournament team every yr...it's the chicken and the egg theory...who knows what leads to what, but PSU's previous/current way of doing things isn't enough -- from an investment and buy-in standpoint for hoops. Hopefully Kraft changes that.
I don't get his point at all. Let's pick the one time in 25 years that Izzo had less wins in the conference (which isn't even correct, by the regular season), and say that means there is no upside and it's not worth it. Also nobody is saying to pay the coach what Izzo makes.
He has been here 2 years and the fans showed up much better than in recent yrs...the novel idea of actually moving the students behind the bench helped, lol. PSU did well at home this year -- in some part b/c it wasn't a graveyard this season. Voltz, you are basing your arguments on such a short timespan. And, it's not like this was a tournament bound team after the regular season...they werent. Nobody is expecting an Izzo type coach to come here, nor probably get paid what Tom does....but that type of guy wouldn't go to most programs. I'm confident Shrews will stay....will he make sure this is a reload trending upward, and not a rebuild, that is a huge question mark. But, the overall premise and idea that PSU's problems are only exclusive to them is asinine and abjectively dumb...For a university of our size, alumni base, athletic resources, to not have made the tournament over the last 12 years is reprehensible and embarrassing. To me, AT WORST, it should be every three years. If you finish middle of the pack, and sometimes low middle, (like we did this year), you are in the dance. It isn't that hard.We already have Shrewsbury. Where are the fans?
PSU already has Shrewsbury and 22 wins. Where are the fans? How many more wins does it take to fill the seats?
Shrewsbury is probably not going to be the level of izzo. Izzo probably would not fill the seats here. The real problem is the fan support. That is why coaches don't waste their time trying to build a mid majors into to powerhouse. They know there are a lot of other variables.
straight cash homeyIt sounds like ND is after both Shrews and OSU's Holtmann and is determined to get one of them. Why would any B1G coach leave to go to those "holier than thou a-holes" ?
If he has a repeat performance next year then he should be coach of the year nationally. Everyone knows this team will take a bit of a step back next year with all of the senior losses. If they are over 500 with so many young kids playing it will be a good year. They year after that, he should get back to the tourney.Before I dump a ton of money I would like to see close to a repeat performance next year. He does it again next year then give him what he wants. But donāt empty the vault on one good year.
I understand this point and typically agree with it but when it comes to Penn State and basketball you probably have to gamble to keep him based on one good year. See Michigan State and Tucker.Before I dump a ton of money I would like to see close to a repeat performance next year. He does it again next year then give him what he wants. But donāt empty the vault on one good year.
Step, is there any possibility that BJC could undergo a major renovation to make it much more bball centric (i.e, fans closer to court) or is the admin reluctant to change it from a mult-use venue? Your thoughts please on a ball park figure on the cost for such an undertaking.. Thanks.Greg, I usually like your posts, but this "ain't gonna happen quickly".....
Year or two for the preliminary design phase, all of the environmental ducks have to be in place, followed by Planning Commission, Zoning-Hearing process, and the other government agencies that need to be addressed. Following the hundreds of hours involved for permits submitted to DEP & the other government agencies involved,
....the actual design-construction plans may lead to fruition.
After the all documents are approved and in place.....
What do you believe the actual construction-building time will involve..
two yrs minimum.
Since the 2020 debacle with Covid, steel prices raised from $1.50 to $6.00 per pound. Shortages of experienced workers at the steel fabricating plants have taken a grave toll on producing steel for projects.
Bottom line, it is difficult getting steel structural members from fabrictors to fulfill construction contracts.
i didn't realize you were personally paying him. that is impressiveBefore I dump a ton of money I would like to see close to a repeat performance next year. He does it again next year then give him what he wants. But donāt empty the vault on one good year.
THIS is why I think he will stay. He will be worshipped here for being mediocre in the Big Ten...enough to make tourney every 3 or 4 years.He has been here 2 years and the fans showed up much better than in recent yrs...the novel idea of actually moving the students behind the bench helped, lol. PSU did well at home this year -- in some part b/c it wasn't a graveyard this season. Voltz, you are basing your arguments on such a short timespan. And, it's not like this was a tournament bound team after the regular season...they werent. Nobody is expecting an Izzo type coach to come here, nor probably get paid what Tom does....but that type of guy wouldn't go to most programs. I'm confident Shrews will stay....will he make sure this is a reload trending upward, and not a rebuild, that is a huge question mark. But, the overall premise and idea that PSU's problems are only exclusive to them is asinine and abjectively dumb...For a university of our size, alumni base, athletic resources, to not have made the tournament over the last 12 years is reprehensible and embarrassing. To me, AT WORST, it should be every three years. If you finish middle of the pack, and sometimes low middle, (like we did this year), you are in the dance. It isn't that hard.
Money talks. It always does. In the end, it's always about the money. If he's offered millions more, he's gone.THIS is why I think he will stay. He will be worshipped here for being mediocre in the Big Ten...enough to make tourney every 3 or 4 years.
I also think/hope that maybe it is just top soon to jump ship for a job that isn't exactly right. I tried to find out if Shrew is a practicing Catholic but found nothing at all on his religios preferences. Obvioysly if YES that favors ND.
Somehow I missed Jeff Brohm leaving Purdue to go home to Louisville. If we could keep Micah for 4 mpre years until he may be in line to head back to Purdue that would be great for us. Here is a Brohm quote about TIMING and not being able to jet from West Lafayette too soon:
Of course, thatās when the Louisville job surfaced. As a lot of people know, you develop relationships with the team, people you work for, and recruits. Those things matter and after one year when the opportunity came about, Iām sure my family wanted me to come home, and rightfully so, but the timing wasnāt right. It wasnāt easy telling my family that, but it wasnāt right, I didnāt feel good about it. I wanted to make sure I continued the journey and kept my word to these young men and the people that had hired me. I continued to do that. I feel like along the way other opportunities have come about and Iāve tried to do the right thing by other people. Then of course, six years later, I feel like weāve made progress at Purdue."
Micah appeats to be cut from the same cloth and has his k8d com8ng in to a program where he can immediately contribute.
We'll see...
I disagreeā¦.itās not always about money. Recruiting and the potential to be a national contender are equally important.Money talks. It always does. In the end, it's always about the money. If he's offered millions more, he's gone.
Which means if he leaves its probably for all 3 reasonsI disagreeā¦.itās not always about money. Recruiting and the potential to be a national contender are equally important.