Announcement

Collapse
No announcement yet.

REPORT: North Dakota cutting women's hockey

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Re: REPORT: North Dakota cutting women's hockey

    Pres. Kennedy of UND says it would take a $60 million endowment to sustain WIH.

    You want to live off the interest of an endowment, not touching the principal.

    The normal working number these days for safe interest on investments is 4%.

    4% of $60 million is $2.4 million annually.

    That's nominally what UND WIH expenses were in FY 16.

    Stuff costs money.


    Now, if you happen to have $60 million to invest in UND WIH, please make the check payable to "The UND Foundation's Women's Hockey Endowment".
    The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.

    North Dakota Hockey:

    Comment


    • Re: REPORT: North Dakota cutting women's hockey

      Regarding announcing this to teams:

      Idalski admitted to the GF Herald he suspected this was happening but didn't prepare his team. (I'll leave that hang right there.)

      Next, say AD Faison had told Idalski, "Uh, no recruit visits next week" or "No practices next week" what would've that caused? That would've been far worse.

      The problem is the news cycle is always ahead of the news releases in today's Twitter-verse.


      UND called the teams in for a meeting to tell them and had a press conference scheduled an hour later. What else can they do?


      UND had to meet contractual obligations to the leagues and tell them.

      If there's a problem here, it's that the WWCHA league offices leaked like a stuck pig to Todd Mileski and his Twitter account.
      Last edited by The Sicatoka; 04-20-2017, 03:10 PM.
      The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.

      North Dakota Hockey:

      Comment


      • Re: REPORT: North Dakota cutting women's hockey

        Originally posted by Sean Pickett View Post
        If you're interested I created a quick spreadsheet showing ticket sales, facilities costs and percentage of ticket sales for 2010-16 for each of the five sports.
        Sean,

        Commendable work; however, here's what you really need to look at.

        FY15: https://und.edu/president/_files/doc...eport-2015.pdf
        FY16: http://www.undsports.com/fls/13500/A...B_OEM_ID=13500

        In the FY16 report you'll find UND WIH had $2,132,160 of expenses with $212,180 of revenue. Net loss: $1,919,980.

        Now, before the "yahbuts" show up regarding other UND sports and their net, again, remember: Champions Club "donations" are not allocated by sport. Those revenues are listed under "not allocated" so MIH, FB, MBB, and WBB revenues only show season tickets. The club "donations" to buy those season tickets are "not allocated". That's why "not allocated" revenue is about $17 million*.

        There was no Champions Club donation required for WIH tickets. There were always about 11000 available per home game.


        *Yes, that number includes other items like university funds and student fees.
        Last edited by The Sicatoka; 04-20-2017, 03:47 PM.
        The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.

        North Dakota Hockey:

        Comment


        • Re: REPORT: North Dakota cutting women's hockey

          Originally posted by The Sicatoka View Post
          The leak started with Todd Mileski, the Badger beat writer, on Twitter.

          UND had to tell the WWCHA. Somehow Mileski found out about a conversation between UND and the league office.

          Want to blame someone for breaking the news to the teams before the meeting called by UND? Look there.
          I had not considered the thought that the leaking of info caught UND off guard. That being said, in the world we live in, they should have told the players first, then the wwcha. That would have been a better look.
          Wisconsin Hockey: 1, 3, 5, 7, 9, 11 WE WANT MORE!
          ------------------------------------------------------------------------------
          Come to the Wisconsin Evangelical Lutheran Synod
          ------------------------------------------------------------------------------
          Originally Posted by Wisko McBadgerton:
          "Baggot says Hughes and Rockwood are centering the top two lines...
          Timothy A --> Great hockey mind... Or Greatest hockey mind?!?"

          Comment


          • Re: REPORT: North Dakota cutting women's hockey

            To have the same required (remember: state mandated) budget cuts as cutting just WIH ($2.13M expense, $1.91M net loss) UND would have had to cut ...

            Women's soccer
            Women's softball
            Men's indoor track
            Women's indoor track
            Men's outdoor track
            Women's outdoor track
            Men's cross country
            Women's cross country

            This list totals $2.38M expense, $2.18M net loss.

            Oh, because you want to know about people affected:

            WIH: 25 players

            Soccer: 30 players
            Softball: 23 players
            WITrack: 41 players
            Just those three is 94.

            25 or 94. Roughly four times the impacted people.

            Your call.
            Last edited by The Sicatoka; 04-20-2017, 03:53 PM.
            The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.

            North Dakota Hockey:

            Comment


            • Re: REPORT: North Dakota cutting women's hockey

              Originally posted by Timothy A View Post
              I had not considered the thought that the leaking of info caught UND off guard. That being said, in the world we live in, they should have told the players first, then the wwcha. That would have been a better look.
              You'd think a morning, contractually obligated, phone call to the league office would be held in confidence a few hours.

              The first reports were Mileski's Twitter.

              You tell me.


              A conspiracy theorist would hypothesize that the WCHA was still miffed at UND for the whole "NCHC" thing and used this as a chance to poke UND in the eye with the help of a useful idiot or a willing Twit-ter-er.
              Last edited by The Sicatoka; 04-20-2017, 03:49 PM.
              The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.

              North Dakota Hockey:

              Comment


              • Originally posted by The Sicatoka View Post
                The problem is the news cycle is always ahead of the news releases in today's Twitter-verse.
                This.

                Though I am also critical of the way UND handled this, was there really a better way in today's world?

                "Back in my day" (LOL), this never would have happened because it essentially couldn't have. The school I went to killed men's baseball while I was there.

                One of my suite mates was a pitcher (in fact, he wound up the answer to the trivia question, who was the last winning pitcher for Potsdam State?). He had no idea what was going on till the team got called into a meeting. No inkling whatsoever. No leaks at all.

                It's just so difficult to pull that off in today's connected world.
                Russell Jaslow
                [Former] SUNYAC Correspondent
                U.S. College Hockey Online

                Comment


                • Re: REPORT: North Dakota cutting women's hockey

                  Another thought:

                  If UND had cut the 8 programs I listed instead of just WIH, and assuming M/W S&D cut in either scenario, UND would've fallen from 20 NCAA sports to 10.

                  That's below the minimum for NCAA DI FBS or NCAA DI FCS.

                  UND would no longer qualify for NCAA DI.

                  It would shut down all of UND Athletics.
                  The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.

                  North Dakota Hockey:

                  Comment


                  • Re: REPORT: North Dakota cutting women's hockey

                    All these UND WIH players, they can now freely per NCAA rules transfer to ...

                    Denv...
                    UM Low...
                    Notre Da...
                    Western Mi...
                    Air Fo...
                    Mich...
                    Michigan Sta...
                    Miam...
                    Colorado Col...
                    The preceding post may contain trigger words and is not safe-space approved. <-- Virtue signaling.

                    North Dakota Hockey:

                    Comment


                    • Re: REPORT: North Dakota cutting women's hockey

                      Originally posted by Hockeydad4two View Post
                      Yes, nicely written, maybe it'll help her get a job.

                      It never occurred to me that I should write a letter explaining how I felt after receiving my notice to report for a pre-induction physical and quit going to school the next day. Uncle Sam wants you for two years and if you're lucky, maybe you'll still be alive and intact after it's over.
                      Shidt happens. Very few of us live the lives we hope and dream for, our plans are often ruined by the decisions of others.
                      The nice thing is, it prepared me for work in the real world.
                      Last year I was working for a company that discovered the project I was working on was 4 million over budget. They canned every contractor and consultant.

                      Things could be worse, we could be living in Syria, Iraq, or Afghanistan, where if the government isn't trying to kill you, your neighbor is. And all that is between the US dropping bombs on your roof or shooting missiles up your azz.

                      Some hockey princess losing her free ride isn't exactly the end of the world.
                      Last edited by pokechecker; 04-20-2017, 05:46 PM.

                      Comment


                      • Re: REPORT: North Dakota cutting women's hockey

                        Originally posted by The Sicatoka View Post
                        Sean,

                        Commendable work; however, here's what you really need to look at.

                        FY15: https://und.edu/president/_files/doc...eport-2015.pdf
                        FY16: http://www.undsports.com/fls/13500/A...B_OEM_ID=13500

                        In the FY16 report you'll find UND WIH had $2,132,160 of expenses with $212,180 of revenue. Net loss: $1,919,980.

                        Now, before the "yahbuts" show up regarding other UND sports and their net, again, remember: Champions Club "donations" are not allocated by sport. Those revenues are listed under "not allocated" so MIH, FB, MBB, and WBB revenues only show season tickets. The club "donations" to buy those season tickets are "not allocated". That's why "not allocated" revenue is about $17 million*.

                        There was no Champions Club donation required for WIH tickets. There were always about 11000 available per home game.


                        *Yes, that number includes other items like university funds and student fees.
                        I have already seen those, along with the 2010-14 reports. I entered all the information into a workbook and posted about it earlier.

                        Sean
                        Women's Hockey East Champions 2015, 2014, 2013, 2012, 2010
                        Men's NCAA Champions 2009, 1995, 1978, 1972, 1971

                        BU Hockey Games
                        BU Hockey highlights and extras
                        NCAA Hockey Financials
                        Women's Division I Longest Hockey Games
                        I need a kidney; looking for a donor

                        Comment


                        • Re: REPORT: North Dakota cutting women's hockey

                          Originally posted by The Sicatoka View Post
                          UND men's hockey pays the whole bill for use of REA. All of it.

                          MBB, WBB, VB, WIH, and soccer (locker rooms) also use the facility, but UND MIH pays the usage costs. All of them. Look at the 2015 NCAA financials report for UND. It's there.

                          In FY16 that changed. WIH started paying about 1/3 the costs.
                          Reread my post. What the school paid in 2014-16 was to make up for missed or reduced payments owed for 2013 in men's hockey and 2014-15 in the other sports.

                          Sean
                          Last edited by Sean Pickett; 04-20-2017, 07:02 PM.
                          Women's Hockey East Champions 2015, 2014, 2013, 2012, 2010
                          Men's NCAA Champions 2009, 1995, 1978, 1972, 1971

                          BU Hockey Games
                          BU Hockey highlights and extras
                          NCAA Hockey Financials
                          Women's Division I Longest Hockey Games
                          I need a kidney; looking for a donor

                          Comment


                          • Originally posted by The Sicatoka View Post
                            Pres. Kennedy of UND says it would take a $60 million endowment to sustain WIH.

                            You want to live off the interest of an endowment, not touching the principal.

                            The normal working number these days for safe interest on investments is 4%.

                            4% of $60 million is $2.4 million annually.

                            That's nominally what UND WIH expenses were in FY 16.

                            Stuff costs money.


                            Now, if you happen to have $60 million to invest in UND WIH, please make the check payable to "The UND Foundation's Women's Hockey Endowment".
                            Where can you get 4%? I'm not talking about the casino called the stock market.
                            CCT '77 & '78
                            4 kids
                            5 grandsons (BCA 7/09, CJA 5/14, JDL 8/14, JFL 6/16, PJL 7/18)
                            1 granddaughter (EML 4/18)

                            ”Any society that would give up a little liberty to gain a little security will deserve neither and lose both.”
                            - Benjamin Franklin

                            Banned from the St. Lawrence University Facebook page - March 2016 (But I got better).

                            I want to live forever. So far, so good.

                            Comment


                            • Re: REPORT: North Dakota cutting women's hockey

                              Originally posted by joecct View Post
                              Where can you get 4%? I'm not talking about the casino called the stock market.
                              The average return on the S&P 500 over the last 90 years is about 10%. Adjust that to 7% for inflation. Adjust it down a bit farther if you want to use an alternative inflation measure. Adjust it down yet again if you want to factor in the risk of making your investment at the wrong time. 4% is a perfectly reasonable assumption. Keep in mind that about 40% of that return is dividends, which a lot of calculations of don't include in their figures for returns.

                              Comment


                              • Re: REPORT: North Dakota cutting women's hockey

                                Originally posted by The Sicatoka View Post

                                Now, if you happen to have $60 million to invest in UND WIH, please make the check payable to "The UND Foundation's Women's Hockey Endowment".
                                The checks in the "Male".
                                Fan of CLARKSON: 2014, 2017 & 2018 NC$$ WOMEN'S DIV 1 HOCKEY NATIONAL CHAMPIONS *******https://fanforum.uscho.com/core/images/smilies/smile.gi*********
                                And of 3 Patty Kaz recepients: Jamie Lee Rattray, Loren Gabel and Elizabeth Giguere
                                WHOOOOOOOOO WHOOOOOOOOO
                                If Union Can Do It So Can CCT (One of These Years) *******https://fanforum.uscho.com/core/images/smilies/smile.gi*********

                                Comment

                                Working...
                                X