Tuesday, July 27, 2010

Blowing Up the Myth of Guenther as Financial Genius

A fascinating memorandum from St. Guenther shows that he isn't the financial guru that the merrymen would have you think he is! Let's take a closer analytical look at some statements:

1) "Network revenues have provided for shortfalls in the DIA operating budget caused by substantial increase in Coaches' salaries...."

Hey Ron, who told you to give Ron Zook a contract extension after that lousy 5-7 season in 2008? Ron, YOU IDIOT!

2) "For the immediate future, we anticipate declining ticket revenues and royalty income, thus DIA will need to rely on Network revenues to a greater extent...."

Well if we had a decent football program and a decent men's basketball program, we wouldn't have this problem, now would we?

3) "Ticket revenues are highly dependent upon the performance of the footbal and men's basketball teams for the prior year. Accordingly, our projections indicate that ticket revenue will decline substantially for FY11."

No kidding Ron!!!!! Thanks for embracing mediocrity and thus the declining revenue too!

4) "The cost of guaranteeing a non-conference opponent for our football team has risen from $300,000 to almost $900,000. With at least two non-conference home games each year, this will increase our annual expenditures by more than $1,000,000."

This statement shows Coach Guenther cares more about money than winning. Winning helps increase donations, increases ticket sales...see a pattern there Ron? No wonder you sold out our football team for a game in Detroit? No wonder we keep seeing schedules with just 6 home games when Memorial Stadium should be used!!! Especially when you have all those suite leases coming due after 2010!!!!!!!!!!


Blogger kevin kalinowski said...

The fact that he's never been able to see the connection between #3 and #4 with respect to football is mind-boggling. Bring three crappy non-conf opponents and yeah, you have to pay a lot of money to bring them in, but your long-term income from having a good football program more than makes up for it (which is why no major football power cares about the cost of bringing in Podunk U. to play at home).

3:53 PM  
Anonymous Anonymous said...

There's a risk of cutting men's programs b/c of lack of economic staying power of bball and football programs, which subsidize the remaining sports. Will the administration now see the importance of holding the highest paid coaches -- and ultimately the athletic administration -- accountable for the results on the field which affect not only their sport, but all university athletics?

7:16 PM  

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