- This topic has 38 replies, 28 voices, and was last updated 10 years, 8 months ago by
.
-
Posts
-
Alpha,
Your comments about the $$Side are probably the real KEY. I dug up a few years ago the NCAA “audit report”….the one that the FOIA makes them disclose. You know those pesky little FIOA reports that listed Mikey’s salary in the Dukie’s disclosures.
This was based on info that is probably 4 years old….so the numbers are even more staggering.
The NCAA, AT THAT TIME, had “reserves” or CA$H of almost 750 Million or 3/4 Billion…..even by govt standards….that is obscene.
About $100 Million was in “short term Money Markets”….which are paying about 1/4 %….I guess you never know WHEN you might have to write out a check for couple of Million…..maybe to those high paid investigators.
There was about $300 – $350 Million is “short term” or Bonds
Rest, another $300 – $350 Million is in “equities and securities”.
SO, if you factor in the market, their portfolio is approaching $1 BILLION….not counting the fresh cash and their merchandise and tickets are going up at twice the rate of inflation….the only thing going up MORE is College Tuition (Thanks to the Student Loan programs).
The ACC, BTW, reportedly (I was told a number in confidence) but a local Talking Head on one of the Media Sports shows blabbed it….Johnny and the Gang in Greensboro have over $50 Million. That would explain the ticket and merchandise tickets…..
MONEY….MONEY…..MONEY…. I guess it comes down to POWER. The more you control…..the MORE you feel the POWER.
as to the “MESS” at UNC….I dabble in the stock market, to say the least….and I would not place a farthing on the odds of UNC getting any visits from the boys at the “home office” in Indianapolis….much less vacating banners and titles.
All this is doing, IMHO, is getting up false hopes…..I think there is a better chance of finding X (Flight 370, WA mudslide survivors, Big Foot, who REALLY shot JR, etc……) than the NCAA coming to Chapel Hill…..unless Bill Gutheridge’s old college roommate wants to play golf again.
I think the original CJ Leslie comparison, if you go back and read it, was that TJ was NOT like CJ. TJ did an occasional force against a double or triple team, but it wasn’t frequent, constant and predictable like CJ.
Communism is not love. Communism is a hammer which we use to crush the enemy. Mao Zedong
@Adventuroo, I think you need to redefine your definition of obscene. Almost 1 billion in cash reserves is almost paltry these days for an organization as large as the NCAA when you look at the corporate world. Apple alone has around 130 billion in the bank. Granted, Apple is king when it comes to cash reserver. Microsoft is believed to be a distant second at 77 billion or so. Google and Facebook are in the neighborhood. 1 billion just isn’t what it used to be.
I realize this has no bearing on the topic at hand, but the mention of cash reserves made me thing of it and I thought I’d throw it out there just for comparison’s sake. Of course, for a non-profit organization that doesn’t pay it’s main money generators, it is a lot.
TJ will play in the association. Hope he gets good advice – CJ did not.
Hope the best for TJ! He is a Wolfpack great!
We have some great recruits coming next year, as well as returning players. And I for one hope Warren is a returner. Think another year will be good to increase his stock in the NBA. But his decision. Just hope he makes the right one. We know he is a star at NC State, but there are quite a few of those in the NBA. Hope we know soon.
And the CJ comparison, thats not even worth discussing.
I’m the one who mentioned Leslie. Some of you need to work on reading comprehension.
Had Leslie gone pro a year earlier, he likely would have been drafted higher. Instead, he came back and his pro stock dropped. I mentioned him in response to another poster saying potential never changes. It can and does.
Had Leslie gone pro a year earlier, he likely would have been drafted higher. Instead, he came back and his pro stock dropped.
This is correct. Same with McAdoo. McAdoo was projected as a lottery after his first year. Probably won’t be drafted now unless he has a monster season next year. Honestly, Meeks is going to eat his lunch. That kid is potential lottery material in a few years if he gets into better shape.
This is correct. Same with McAdoo. McAdoo was projected as a lottery after his first year. Probably won’t be drafted now unless he has a monster season next year. Honestly, Meeks is going to eat his lunch. That kid is potential lottery material in a few years if he gets into better shape.
That is the most insightful comment in this thread.
So when’s this presser? My thought was TJ would make an announcement today, or does it just mean he is going home to Durham to have a sit-down with his folks tonight, with a potential presser tomorrow? Ennis is gone. Embiid is gone (but he says he’s undecided). Paige is returning. Selden is returning. What’s TJ doing?
Wonder if making ONLY the third string in the NABC voting will have an impact?
NO inside info….just curious. The LONGER he waits, the more likely that he will be cracking the books next fall in Raleigh.
Brutal that we still don’t know anything. Everyone still of the opinion that the longer he waits the more likely he stays? Lewis transfer hurting or helping his chances of staying or indifferent?
Brutal? I think not. If it were me in that situation I would want to consider such a life altering decision very carefully. All I want is for TJ to make the right decision for HIM. If that is to stay another year I’m estatic, if it is time to go
- You must be logged in to reply to this topic.
