Williams & Blum: Recapping a crazy 10 days

VeloClone

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Just as an FYI, I’m glad this is posted because absolutely is fair to be out there. I don’t get any health insurance, retirement, life insurance or any other benefits. I am a contract employee, and I have to pay for all of those things for my family. I’m not arguing it’s fair or not. That is up for our board to decide, but I just wanted to share the information. I’ll also add that revenue number listed is from 2023. In 2024 thanks to all of you We raised over $6.2 million up from $1.7.
This is a little more than I make but when you factor in all of those items (which my employer does send a reckoning of every year) it is a lot less.

@brentblum, just curious, I know your job entails a not insignificant amount of travel - are those travel expenses in the fund raising expenses number or is it all included in your compensation?
 

brentblum

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This is a little more than I make but when you factor in all of those items (which my employer does send a reckoning of every year) it is a lot less.

@brentblum, just curious, I know your job entails a not insignificant amount of travel - are those travel expenses in the fund raising expenses number or is it all included in your compensation?
I pay for all of me and my wife's travel for work. (although some are covered through duties with Learfield like the trip to Maui to fill in for John Walters.)
 

VeloClone

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I pay for all of me and my wife's travel for work. (although some are covered through duties with Learfield like the trip to Maui to fill in for John Walters.)
That's what I thought. That makes that compensation number even smaller. People saying or even hinting that you are over compensated don't know what they are talking about. This is a home team discount.
 

VeloClone

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I'd say Blum is one of the most important figures in ISU athletics (outside of Athletes) right now. I think we'd be up a creek without what both he and Krystal are doing.
I've never met the guy, but will join the posse of Blum defenders. :campbell:
I haven't met him either. I just like him because he is a Cyclone trivia nerd like me.
 

NATEizKING

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Feb 18, 2011
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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.
Can't find a great source but I see $1340/mo so $16k a year. I have family of 5 so if you math it would be $1675/mo or $20.1k a year.

"Family Plan (4 people): Around $1,340 per month on average without subsidies"

 
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KLP630

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Candidly, it’s hard not to take things personally when folks are discussing your family’s livelihood.
Totally understand this. Please know that every single Cyclone fan I know personally GREATLY appreciates your efforts. A few anonymous posters spouting negativity does not take away from the overwhelming consensus that you are ABSOLUTELY INCREDIBLE at your job. You are under compensated from my point of view.
Please, please know that most of Cyclone Nation thinks the world of the work you have done. Thank you for your continued efforts!
 
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NoCreativity

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Can't find a great source but I see $1340/mo so $16k a year. I have family of 5 so if you math it would be $1675/mo or $20.1k a year.

"Family Plan (4 people): Around $1,340 per month on average without subsidies"

Crazy, it's been a couple years since I checked so it's going up by a few hundred every year. Seems like the "A" part of ACA isn't really accurate anymore.
 

FinalFourCy

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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!

Terribly under-compensated

Having sufficient NIL greatly determines success of an endeavor that does $120+ million in cashflow (but far more in impact to university and state), and in keeping historically good coaches in the run up to the most critical time in department history.

The responsibility for that doesn’t even come with health insurance or 401k. Blum could get more doing busy work in the corporate world

Imo Blum will go down having created more value than JP, who largely just didn’t **** things up, like conference payout and ticket price inflation…although we better hope that CyTown changes that
 

goody2012

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Just as an FYI, I’m glad this is posted because absolutely is fair to be out there. I don’t get any health insurance, retirement, life insurance or any other benefits. I am a contract employee, and I have to pay for all of those things for my family. I’m not arguing it’s fair or not. That is up for our board to decide, but I just wanted to share the information. I’ll also add that revenue number listed is from 2023. In 2024 thanks to all of you We raised over $6.2 million up from $1.7.
Well holy ****, I certainly did not intend for this to turn into an argument of if you're fairly compensated. My apologies.
 

Die4Cy

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Anybody else think it's kinda gross that people want to make a big point of Brent being paid to have to do all this? I'm sure he'd be happy if all of this was unnecessary.
 

clones1357

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What if the State or University paid for some of the Olympic sport scholarships?
I think that's what stinks about all this is fb paid for all those sports and those kids are as hardworking and committed as by other students athletes.

But truly not trying to be a jerk, but why would the state or university pay for them? Why not pay for more national merit scholars? Or better fund the faculty and staff that the university also needs to continue to be a top school? Or ensure our facilities are maintained for all students?

Thanks, Blum, for all you have done (as it all is evolving) to help us stay as relevant as possible in the NIL landscape.

And to be clear, I totally am for a robust "school spirit" and experience athletics brings to my central iowa and to ISU.

This probably isn’t perfect but I think the argument would be something like this:

1. Keeping the revenue-generating sports competitive is critical to the health of the university. These are probably the most important marketing arm for the school.
2. In this new era, the revenue-generating sports need to focus on themselves to remain competitive (if not also getting support themselves from the university/ state).
3. From the university’s perspective, and therefore the state’s, from my understanding one of the primary reasons to have the non-revenue sports is to help market the university to potential students. Since the revenue-generating sports can no longer afford to also fund the non-revenue sports, if the university and the state think the marketing provided by the non-revenue sports is worthwhile, the university or the state should pay for that marketing by funding the non-revenue sports.

I don’t think anyone wants sports getting cut, and that’s not what I’m advocating for. But when the primary revenue generators for your business (football and MBB in the AD’s case) are operating at a $20-30 million/ year disadvantage to the competition, I think there’s an argument to be made that they ought to at least help them out by not making them also fund the sports that are operating at a deficit.
 
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