(04-19-2024 03:16 PM)wewererebels Wrote: (04-19-2024 02:46 PM)Lopes87 Wrote: (04-19-2024 02:35 PM)FoUTASportscaster Wrote: (04-19-2024 09:28 AM)Lopes87 Wrote: (04-18-2024 10:43 PM)RCI Wrote: So what is the situation at Tarleton now? BCG will be head coach, has he hired an assistant and how is replacing the transfers going. It is upsetting to me for the WAC to lose players on the ascent. ACU lost a good one in Dibba. I hope we get beefed up for next season, both of us.
Find yourself a company like FedEx and they will give you 25 million bucks for NIL like they did for Memphis....
Or start an online school with no standards and use the bulk of the money for the same thing.
I know not all ppl from Texas are dumb but you give all Texans a bad name and are the reason for the TX stereotypes....
Sorry for that. Not all of us Texans necessarily agree with the foregoing sentiment. GCU gets hammered for being a "for profit" school, yet we see all too many "not for profit" schools, ours included, are totally pilfering the pockets of students, parents and lenders.
As I see it, the only thing worse is when politicians "forgive" student loans, compelling taxpayers (that may or may not have attended college) to foot the bills run up by others. Biden's loan forgiveness actions have cost far more than two years of aid to Ukraine.
I can go on, but you know......
https://www.heritage.org/budget-and-spen...-the-elite
Don't disagree there Mac. Higher education has become quite costly. Ironic thought that UTA will see football with a higher student fee.
Problem is GCU is run by a for-profit entity, using a subsidiary under the for-profit organization as a disguise to appear as a non-profit.
Grand Canyon Education, or GCE, ran GCU for years, but sold off GCU in 2018. Except not really. The school's president is Brian Mueller. The for-profit GCE's CEO is Brian Mueller. Part of the contract of the sale stipulates that GCE provides many of the school's daily operations, in exchange for 60 percent of GCU's tuition and fee revenue. GCE is essentially getting the same revenue from GCU that it did when it owned the U as enrollment has climbed.
GCU homers point to the sale to say they aren't for-profit, but either have no clue GCE still controls the school or conveniently ignore that fact. It matters little to me.
Now the problem with being a for-profit school versus traditional brick and mortar, is they can make athletics a loss leader. Grocery stores sell popular items for less than it cost them to bring customers into the door and mark up other items to make up the difference. Athletics is artificially marked up. As money that public schools HAVE to use on education, gets shuffled to athletics.
GCU's budget for all of athletics is just over $30 million. Men's basketball's budget is $7.6 mil.
Ironically, California Baptist is first overall at $32.7 million and but trails in MBB at $3.9 mil.
There's a big gap between those two and the rest. SFA is $24.9 and $3.2. ACU is $23.8 and $2.3 mil. Tarleton is $21.1 and $1.6. Seattle is $20 and $3.2 mil. UVU is $17.4 and $2.3. SUU equals $16.5 and $1.5. Utah Tech budgets $16.2 and $1.6. UTRGV (even though they are on the way out) is $15.9 and $1.9.
Finally, my alma mater, despite having a larger on-campus enrollment than GCU and a similar online presence, maybe a bit smaller, spends $17.4 million on athletics and $2.4 mil on basketball.
You could double CBU's men's basketball budget and they'd barely be ahead of GCU. You can double everyone else's MBB budget and they still trail by over a million.
So where does that money come from? How do they outspend every single one of their conference peers? Unlike the public institutions, private schools don't have to report their revenue numbers. No one but institution staff will know that number. But the reality is that because of their for-profit business entity, the money comes from being a diploma mill.