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I would imagine that all of the big donors were contacted within 90 days of ADKS taking over the department. The man is not a rookie and knows what is needed to succeed in college athletics. The dynamics have changed over the last couple of years but the focus on big time donors and their money has always been the top priority of any AD. The letter was perhaps his way of alerting the masses of what WSU is up against in the near future and what the needs and consequences are for failure to meet the challenges head on. This is ADKS letting everyone know the problems and not to be like his predecessor acting like he was totally unaware of NIL and was waiting on clarification on how to proceed while others acted and left WSU in such a precarious position. So yeah I believe the appropriate people have been contacted and we are in a period of decisions to be made by a group that may well determine the collective fate of WSU Athletics. I would still favor the concept of a very large group of supporters to come together to fund the needs rather than a small group that may want more voice/control of the future workings of the Athletic Department. Rest assured I know they probably exert a great deal of control even now but I feel that "a collective" is much more attractive in the long run. Go Shocks
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Last edited by pogo; 6 days ago. -
Here let me repeat myself for the 40th time ...
Please create an endowment. Nothing else is really sustainable.
WSU can BORROW the money from a large donor, the interest goes to the endowment, the principal goes back to the large donor any time they want.
It doesn't need to be massive to get started -- it will grow surprisingly quickly over time if managed well.
This model works.Kung Wu say, man who read woman like book, prefer braille!Comment
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Concerning my reference to a "collective" I wonder if something like the NFL Green Bay Packers model of offering stock in WSU Athletics would be successful. You will need to look up the conditions for the details since they are pretty restrictive in how they are handled, but suffice it to say I would buy some depending on the initial offering price just to give to my kids and grand kids as additional Birthday or Christmas gifts. Go ShocksComment
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Now that's creative. Interesting!Originally posted by pogo View PostKung Wu say, man who read woman like book, prefer braille!Comment
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Perhaps a cookie and 2X4 approach would work better for me. I don't like carrots and a stick is much too smallOriginally posted by Kung Wu View PostComment
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How should WSU NIL “Cash Funds” be managed? - Wichita State Basketball ForumOriginally posted by Kung Wu View Post
That is exactly how I voted. monies go into an endowment and a certain percentage of the investment income is distributed annually for the different athletic programs.Comment
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What is a typical distribution rate from an endowment fund? I know it will vary year by year, but is 4-5% a reasonable expectation? If 5% we would need $140 million to generate $7 mil annually.Originally posted by WuShock Reaper View PostBe who you are and say what you feel, because those who mind don't matter, and those who matter don't mind. ~Dr. SeussComment
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distribution rate needs to be lower than the interest rate it generates to keep it fullOriginally posted by ShockBand View PostComment
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Using 4-5% is pretty standard for endowment distribution. A good growth mutual fund can average 10-12% over time. Obviously, some years are better than others, but that’s a pretty reliable average over the long-term.Originally posted by Dan View Post
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You need to invest for total return and buying power preservation but that should be diversified. You make big concentrated bets to get rich (which may or may not happen) and your diversify to stay rich.Originally posted by WuShock16 View Post
Of course diversity in today's world means something totally different.Comment
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"How billionaires stay rich"Originally posted by 1972Shocker View Post
You need to invest for total return and buying power preservation but that should be diversified. You make big concentrated bets to get rich (which may or may not happen) and your diversify to stay rich.
Of course diversity in today's world means something totally different.
Step 1: Be a billionaire.
Step 2: Don't **** it up.Be who you are and say what you feel, because those who mind don't matter, and those who matter don't mind. ~Dr. SeussComment
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PLEASE don't ever contract a game with NBC Sports againComment
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Originally posted by asiseeit View Post
Kung Wu say, man who read woman like book, prefer braille!Comment
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I was frustrated as well, but the announcers were solid and knowledgeable. The camera crew did well also.Originally posted by asiseeit View Post"You Just Want to Slap The #### Outta Some People"Comment
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It was cool hearing Jake Eisenberg, who also does the Royals (radio).Comment
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