(01-04-2020 04:31 PM)Hallcity Wrote: Not terribly worried. We pay our head basketball coach something like $10 million a year. If need be we could pay a football coach more since Duke has a large athletic endowment. Duke already supports more sports than most schools in the SEC.
From my vantage point it looks like Ga.Tech’s problems have been poor coaching hires, the fact that a science and engineering heavy curriculum is unattractive to many prospective student athletes, the fact that Tech alums haven’t been that generous in their donations to the athletic department and the acute SEC envy of some Tech alums. If it turns out that Tech made a good football hire and if Tech can make a good hire to replace Pastner, most, but not all, of these problems will be solved. Alumni money will come rolling in and you’ll quit worrying so much about the SEC. People obsess about TV money when they should be worrying more about contribution money.
Georgia Tech's recent problems, in order of their destructiveness:
1) Mike Bobinski, Former AD
2) Dave Braine(-less), Former AD
3) Wayne Clough, Former President
4) Bud Peterson, Former President
5) The growing TV dollar disparity
6) Extra unnecessary hurdles from The Hill, in part due to the above people
7) Dan Radakovich's "put it all on a credit card" spending spree before leaving (and his mishandling of the NCAA investigation which by himself caused the penalties to get much worse)
8) Being part of the USG which is now wholesale controlled by UGA
GT has the right AD now. And signs point to them having the right President now too (
https://news.gatech.edu/2019/11/04/athle...ts-cabinet ). Josh Pastner currently stands out like a sore thumb as the last remaining hold out from the former dunces. I have very high confidence GT will compete in a high level in football very soon and everywhere else they've made a change has shown immediate and dramatic improval.
Duke's athletic endowment is large in the context of athletic endowments. Athletic endowments however are quite modest in the grand scope of things. UNC's athletic endowment is less than 1/10 their academic endowment. I cannot readily find information on the size of Duke's athletic endowment, but it is widely believed the largely athletic endowment is Stanford. As of 2003, Stanford's athletic endowment was $270m and second place was Notre Dame at $130m. Assuming Stanford's athletic endowment has a generous return of 7% annually that is $18,900,000 added to the till in Palo Alto.
Disney just paid each SEC team more than that per year for JUST ONE FOOTBALL GAME a week! So the athletic endowment argument just doesn't get it at this level. TV money makes endowments look vanishingly small over the long haul. You pay possibly the best basketball coach on Earth $10m. Texas A&M paid three times that to change their most recent football staff. Football is 80% of the revenue going forward. And Duke like most of the ACC isn't adjusting well to that reality.
I'm much more receptive to the argument that the ACC is leaving huge sums of money on the table because the NCAA pays for everything with basketball money. If that's the case alright fine: Then let's hear the ACC sharpening their NCAA axe and talking about which conferences have no business in Division 1 and are only there to collect their NCAA checks like welfare queens (Southland, Atlantic Sun, American East ... etc). If you really really really believe in basketball that much and want to change the revenue equations here ... axe the NCAA.