I find this “well now that he up and left us look at how bad he was” sour grapes to be hilarious.
Where was the money for the cougar football project and stadium and quality coaches going to come from? Our fans don’t donate appropriately. They have every excuse in the book “win and i’ll Donate” blah blah they said. Well...we won 3 years in a row.
The school had to go into debt and we are now making more money than anytime in our history.
This article is complaining about attendance numbers...some tickets they don’t know who get them...some IMG contract that didn’t receive competing bids?
It’s all ticky tack bullsh*t to try and villanize Moos.
If you are delusional to think that he is a bad AD then watch what happens with Nebraska and Scott Frost. They are going to be a success just like we were when Moos hired Leach and I’ll bet busker fans won’t give two sh*ts about “who got tickets” and ooh there was a 100k mistake here and ooooh we didn’t have a competing bid against a company that pretty much has a monopoly on collegiate athletics (seriously go look up IMG)
Now Moos did make a mistake with Kent. That I believe was a mistake and I have not seen much positive from Kent’s tenure. So basketball is a bust, but Football. The most important of all athletic sports Moos was a homerun. THAT is why Nebraska hired him. You don’t get hired to head the athletics department of a team with multiple national titles coming from the smallest and most remote Power 5 school.....unless you turn it completely around to be a competitor with much larger programs. And that is what Moos did.
Now as I have said before the athletic department will be making a lot of money in the future. There is debt to pay, but every year the amount is decreasing.
Seriously crying about this is like buying a house and then crying about the mortgage payment. Yes you have to make payments...because you didn’t have the money to do what you wanted to do. Now you have to pay it off and every year you get closer to getting rid of the debt.
The PAC 12 posted its best revenue year yet and that is going to be about a 30 million dollar payout per school.
https://www.mercurynews.com/2018/05...evenue-campus-payouts-in-line-with-estimates/
When you actually look at this it is clearly new guys coming in and not understanding why the debt exists in the first place.
The athletic department will be in the black by 2020
http://www.spokesman.com/stories/2018/apr/27/washington-state-athletic-department-in-67-million/
But they are crying about the accumulated debt (as I said of course there will be debt you didn’t have the money to build a new stadium and football ops building!)
61 million for football ops building and
Then like 65 million for the stadium / press boxes for a total of 125 million.
That was the cost and it has been known for a long time that was the cost
http://sportspressnw.com/2133995/2012/cougars-football-stadium-remodel-nears-debut
Now six years later you have a new AD and President going “uhhh hey uhhh why is there this debt”
They even add up the deficient (because of the payments for the 125 million dollar upgrade) every year and are like HEY you all are in debt! It’s 65 million!
No sh*t it’s a 125 million dollar project.
They might as well add up all the payments and say “hey they spent 125 million!” No sh*t we knew that from the beginning.
The athletic department was always under the assumption that the school would help subsidize the payments...but Schultz and Chun weren’t part of that understanding so they are like why you need so much money?
I can’t hammer this point hard enough...the athletic department is making a ton of money they just have to pay the debt of 125 million dollars. That’s always what the problem has been.
And by 2020 they will be in the black. Now the school subsidized the payments so let’s say it is another 20 million from now until 2020.
The total “deficit” that the school had to carry would be 85 million over an 8 year payments (2012-2020) for a 125 million dollar project.
Which means the athletic department paid 40 million bucks over those 8 years or 5 million per year while winning games.
The reality is that WSU embarked on a massive project...which it will have to make payments on...
And new guys came in and are throwing a fit about such payments...
And the athletic department is making more and more and more money every year paying that debt off but now has the new guys crying about the subsided help with those payments.
Just to show you how much absolute bullsh*t this whole "deficit" thing is...
Back in 2012 Washington State's athletic revenue was just WSU athletic department "generated $42 million in revenue" Which the Pac - 12 dispersing 21 million that was 2012.
Source link:
http://sportspressnw.com/2152799/2013/moos-believes-cougs-can-compete-in-arms-race
If you want to go back to 2011
It was 40.6 million.
So 40.6 million in 2010-2011
42 million in 2012-2013
That's are starting point six years ago. about 42 million in budget.
What is it doay in 2018?
about 58 million in revenue.
https://247sports.com/college/washi...enses-answer-to-deficit-is-greater-r-74922855
Meaning that we gained almost 50% in revenue from where we were in 2012.
From about 40 to about 60 million.
And the athletic department will more than likely be in the black by 2020.
Leaving the University with its subsidized portion of the debt. Which can be replenished by just throwing excess back to them from the surplus which the athletic department should have after 2020.
What I am driving at is that the University spent 120 million dollars to have a nice modern stadium, a football operations building, and quality coaches to compete athletically.
During that time we had 3 winning seasons in a row, and a 50% increase in our athletic revenue that WILL pay off that debt and then some, and a new President and AD walking in throwing a tempertantrum because they weren't part of this whole situation and blaming it on the other guys.
Schultz and Chun haven't done a damn thing for WSU. Not 1 damn thing. They haven't proven to make anything better since they got here. Nothing. Moss did improve things. He improved the stadium, he improved the football team, he improved our athletic revenue by 50%. There is a cost associated with those improvements and those costs WERE KNOWN when we started.
Now instead of trying to seriously work to make money they are adding up every year of the deficit (which was known) and crying that it costs money. Of course it costs money. It cost 120 million bucks + upgrading the coaching staff.
We didn't have the coaching staff, we didn't have the facilities or a decent venue. we had cheaped out for so long that we had teams kneeling it on the 50 yard line instead of a pitty punt. That's how bad it was.
Every single year of our success we are making more and more and more money in the athletic department, and the debt payments are going to be gone and then our athletic department is in the black.
Will the University be paid back for subsidizing? Yes... it will be. that was all part of the plan, but at least now it's not interest payments and it can easily be transfered as surplus... but that won't happen till 2020.
This is all blowhard bllush*t stuff.
We all knew we spent 120 million dollars on upgrading football.
We all knew there would be debt on it.
I don't care if they give away unsold tickets to people
I don't care if they count tickets sold as opposed to tickets scanned (all programs do that)
The more I see Schultz around the athletic department the more I don't like it.
Make us more money Schultz, don't screw with our successful football program.
