Economics

[marothisu]

Yes, I understand that. That is a partial theory behind it though. Colleges also do that to keep kids in state and not lose them to other schools. It is more of a discount for in-state than an addition to to the tuition of out of state kids.

The tax thing makes sense technically, but it makes no sense for other universities. They do make quite a bit though, I have had a relative who was a certain role in a certain very large city's government for 13 years and had to deal with their finances, including the public universities in the city...she told me they make more than you'd think off of OOS tuition.

 

[Tre4ISU]

The tax thing makes sense technically, but it makes no sense for other universities. They do make quite a bit though, I have had a relative who was a certain role in a certain very large city's government for 13 years and had to deal with their finances, including the public universities in the city...she told me they make more than you'd think off of OOS tuition.

I don't doubt it. Thats why I didn't go to Michigan. It was ridiculous tuition. I think University's somewhat cooperate with tuitions to entice kids to stay home. Sure, some schools reciprocate, but not all. I have no doubt they make a bunch of OOS kids, but whatver state they were from would make a lot if we went there. I have a buddy from Illinois who said it was still cheaper to come here than to go to Illinois. I don't know if that's true or not, but thats what he said. As far as OOS goes I would say we are pretty low compared to most but I don't know that either.

 

[marothisu]

I don't doubt it. Thats why I didn't go to Michigan. It was ridiculous tuition. I think University's somewhat cooperate with tuitions to entice kids to stay home. Sure, some schools reciprocate, but not all. I have no doubt they make a bunch of OOS kids, but whatver state they were from would make a lot if we went there. I have a buddy from Illinois who said it was still cheaper to come here than to go to Illinois. I don't know if that's true or not, but thats what he said. As far as OOS goes I would say we are pretty low compared to most but I don't know that either.

Pretty much. Michigan has a ridiculous in-state tuition too I think.

And yeah, I think that's true about U of Illinois...yeah, I paid about $19k - $21k/year for OOS, it's really not TOO bad compared to some other schools.


Anyway, GMac buyout? haha

 

[JCREEK]

I guess I don't understand the knee-jerk reaction of some of the GMac supporters that say "ISU is broke" or "We simply cannot afford a buyout". It is not a simplistic, black/white dynamic.

While the contract may require something along the lines of 5 yrs x $500,000 = $2.5 million, these types of situations usually are resolved through negotiation. ISU does have leverage in this matter. If GMac wants to coach again (a fair assumption), he and his agent cannot afford to get into an acrimonious, lame duck situation with ISU by insisting on the full buyout or staying on through the full term.

JP starts at $1.0 million. Agent says no, full $2.5 million. There is a lot of room for a win-win situation that basically sets up GMac and his family for life while he still has a lot of coaching years in him. It isn't that hard to imagine that something like $1.5 - $1.75 million couldn't be structured with $1.0 million paid first year, and the remainder paid in year 2. However, if GMac finds another position by year 2, the second payment is waived or pro-rated based on his average compensation over the life of his new contract.

We could get off with a $1.0 million or slightly more. If I had a nickel for every post that stated "GMac is a great guy", we would already be half way there. There is little incentive for this great guy to try and rob ISU for the bogus 3 year extension buyout value when ISU has set his family up financially for life and he can move on himself.

Now, $1.0 million+ ain't chump change. But ISU has raised over $700 million towards its $800 million goal in this current campaign, plus MBB itself just received a multi-million $$ practice facility. The economy is very tough right now, but there is still financial support for ISU available in the donor/booster community. Who knows who might step up and help out? It's not like the $20+ million we need to start the stadium bowl.

As far as salary, Greg is scheduled to make $850/$900k next year? ISU was paying LE over $1.0 million nearly ten years ago, so any argument that we cannot afford $900k/$1.0 million isn't supported by history or current facts. I think there would be a number of qualified candidates at that pay range.

At some point in time, we have to ask whether we can afford not to make a change. That was the basic driver behind JP's decision on DMac. It certainly wasn't that he was not a great guy or didn't represent ISU well. JP made the call that continuing would be more "costly" than change. He made that call before, and he should consider that decision again at the end of this year if the season continues to swirl the drain. Some fans are already at that point now, others are waiting the season out before their determination, others are still firmly behind GMac. All opinions are fair. No different than opinions on Dan that also ranged from end to end.

Anyway, it is funny to me that people throw out the economic argument as if they have dinner with JP and know the intimate details of what the cost/benefit is or what some donors might be willing to do. They don't.

Sometimes we have to realize that a journey begins with a first step. IF JP makes the call, we may be one year closer to competitive MBB.

Wait till the end of the year back stabber we got a big game to play tomarrow why would you post this crap youmy friend are an IDIOT!!!

 

[Tre4ISU]

Pretty much. Michigan has a ridiculous in-state tuition too I think.

And yeah, I think that's true about U of Illinois...yeah, I paid about $19k - $21k/year for OOS, it's really not TOO bad compared to some other schools.


Anyway, GMac buyout? haha

Well, I guess that what you pay to go to a top 10 public school in Michigan. I think when I was accepted which was 6 years ago, it was like 30,000.

 

[CycloneWarning]

Wait till the end of the year back stabber we got a big game to play tomarrow why would you post this crap youmy friend are an IDIOT!!!

Good one. I remember when I had my first beer and posted on the internet. Good times.:wink:

 

[nb06]

Honest questions for you CycloneWarning, I don't disagree with your post and I'm not trying to argue I just want you to answer these questions.

How long are you willing to wait for the new coach to have success?

If it is year 4 with a new coach and we arent in the tourney, will we be having this same conversation?

My opinion is that this isn't an overnight deal. A new guy coming in will mean more turnover and could mean another 4-5 years without Iowa State being relevant.

Again, just my opinion, I really don't know what to think.

 

[CycloneWarning]

Honest questions for you CycloneWarning, I don't disagree with your post and I'm not trying to argue I just want you to answer these questions.

How long are you willing to wait for the new coach to have success?

If it is year 4 with a new coach and we arent in the tourney, will we be having this same conversation?

My opinion is that this isn't an overnight deal. A new guy coming in will mean more turnover and could mean another 4-5 years without Iowa State being relevant.

Again, just my opinion, I really don't know what to think.

I don't think you can put a timeline on it. It is more a question on direction of the program. I think we all realize there are ups and downs in teams/wins, etc. When DMac first started to rebuild ISU FB, the W/L record was terrible for years. But you could "see/feel" progress in the program. ISU stuck with DMac and that patience paid off. Rhoads has already made an impact. You can "see/feel" progress in the program in just a short time. JP came in and felt that DMac had run his course and the program was headed in the wrong direction, same as WM, and Douglas to a lesser extent. I was supportive of all of his changes. After all, he was hired to run athletics and those are his decisions. Personally, I just don't "see/feel" that MBB is making much progress. If that was JP's criteria before, I would think it should be the criteria today.

I reject the notion that a new coach automatically means turnover and setback. Seriously, setback from what? We will likely finish 9-11 in the Big 12 again four years straight.

CPR is a great example right here, right now. Change did not mean turnover and a step back in FB. No way to predict the future, but I don't buy the theory that changing direction means it will reset the clock on progress to another 3-5 years.

JP's call. My post was mainly a discussion that a buyout may be more feasible than we may think. Obviously a lot of fans want to have more patience and give GMac another year (or two). That's fine.

 

[nb06]

I agree CycloneWarning, just playing both sides a bit. Thank you for answering my questions!