Non rev sports should get $0.00.
Williams & Blum: Recapping a crazy 10 days
- Thread starter Aiden Wyatt
- Start date
TV money is split up by the school. Last year ISU allocated $20M to football, $5M to MBB, and $6M was basically split among the rest of the sports or “unallocated”.
Not sure how ISU decided to split the media revenue money but I assume conferences and other schools have a good idea of how valuable each sport is.
In what world is $128,000 a year salary being undercompensated? I live in Iowa where the average income is $38,000 per person. I don't know what kind of place some of you live.
I used to bring in millions of premium in underwriting and made about $55,000 a year. My wife currently gives out millions of dollars in grants through a non-profit to help impoverished areas of Iowa and doesn't even make 100k.
I used to bring in millions of premium in underwriting and made about $55,000 a year. My wife currently gives out millions of dollars in grants through a non-profit to help impoverished areas of Iowa and doesn't even make 100k.
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The same world that realizes the cashiers at McDonalds doing millions in sales is different than someone creating millions in value
Blum’s work is as much similar to hitting HNWI for a fund as it is doing non-profit fundraising, but much harder since the revenue generator he’s getting capital for can’t (yet) share the upside
I don't think anyone is comparing this to a cashier at McDonald's. It is fair though to compare it to what the market rate for a fundraiser is in the state of Iowa. I can tell you from firsthand knowledge it's not $128,000.
Those numbers were from 2023 also right? So if WeWill raised almost 7 million in 2024 how much will he be compensated?
Not certain why I’m defending myself on here, but for full honestly I left the Iowa State Foundation where these are the salaries of the leadership. This is looking more appealing by the day to go back to.
Appreciate everyone’s support.
Attachments
It wasn’t Blum that was being comparing to cashiers
The point is not all “sales” are equal. Nor are all “fundraisers”
Blum is the executive director of one of the most important teams to Iowa State athletics. In a somewhat public facing role, or at least, at least enough that having someone well known or well connected is of value. He’s much more comparable to JP and revenue generating coaches, which make much more.
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I mean if we’re getting into nonprofit comparisons, Blum is *technically* the Executive Director. $128,000 with zero benefits would be fine for an org with $7M revenue, maybe a little underpaid even depending on how much those benefits cost him out of pocket.
My point of reference is spending the past 10 years working at non-profits in CR area. That said, I think we can all agree this is not ‘traditional non-profit work’ we tend to think of. Pretending WeWill is a 1:1 comp for feeding the hungry or sheltering the homeless is disingenuous.
If anyone has feedback for the org, you can always request time to speak at a Board meeting. People seem to prefer posting online though
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Not certain why I’m defending myself on here, but for full honestly I left the Iowa State Foundation where these are the salaries of the leadership. This is looking more appealing by the day to go back to.
Appreciate everyone’s support.
To go back to? That's good to know because we were told.....
Appreciate the work.
The public data was based on the 2023 year which shows around 1.7 million being brought in. If the number was closer to 7 million in 2024 I think it's safe to assume the compensation would be much higher for the Executive Director?
Healthcare alone for a family costs $20k+ easily and not have that great of actual coverage when it comes time to use it. I have been contacted for a lot of contract jobs and turn them all down based on that cost alone for my family compared to what a full time employer covers. Throw in employers paying 6-10% for retirement and you might as well take another $10k off the salary.I mean if we’re getting into nonprofit comparisons, Blum is *technically* the Executive Director. $128,000 with zero benefits would be fine for an org with $7M revenue, maybe a little underpaid even depending on how much those benefits cost him out of pocket.
My point of reference is spending the past 10 years working at non-profits in CR area. That said, I think we can all agree this is not ‘traditional non-profit work’ we tend to think of. Pretending WeWill is a 1:1 comp for feeding the hungry or sheltering the homeless is disingenuous.
If anyone has feedback for the org, you can always request time to speak at a Board meeting. People seem to prefer posting online though
Is that a good thing in this stratification that’s ongoing? In terms of Big 12 and P5 revenue, what are we that we weren’t before, or were not likely to be as conference payouts and college athletic prices escalated at the same time as the “bounce” from a never bigger ISU base and success from MBB and McCarney?
“Depends” is a horrible answer, but yeah maybe! I check our peers’ 990s annually and have seen a couple with $5M revenue and the ED making $150k, or double the revenue and the ED under $100k.
Like other industries it’s a combo of skill, experience and negotiating ability. And like other industries if you want to keep great people, you have to make it worth their while.
And by the way: thanks to your wife for her work
A family plan from the ACA will probably run you about $1000-$1200 a month. My wife has terrible insurance that is extremely high and it runs us about $1100 a month. So that's probably about $12-15 thousand a year. Add in 10k to a 401k account, that still leaves well over $100k per year which would put someone over the 90th percentile for personal income in Iowa.
I’m just glad this NIL conversation has turned from potentially losing Joshua Jefferson, Milan Momcilovic and Rocco Becht into whether my compensation is appropriate. And if any non-profit fundraisers in Iowa want to negotiate with agents on a daily basis (who often get $100,000 just for proofreading a contract), I’m all for them taking my place.
You could be like Forest Gump and do it for free. Just sayin. lol
You're awesome Blum!
Sorry, nothing but ramen, boxed mac & cheese, and beans & franks for the Blum family from here on out. The internet has spoken.
Just gave $12.83 to We Will. Now I just need to find 9,999 to do the same so the wierdos stop crying about Blum’s paycheck.
Yeah, don't let FinalFourCy's lingering hissy fit over "losing" Cluff and Rohde and resulting idiotic blame game on JP get to you and other posters.
Keep up the great work!
