CSNbbs

(01-23-2015 10:05 PM)monarx Wrote: [ -> ]That language needs to be changed to non-pay 5, because once its written into law anything can happen.

After reviewing the Bill I see that the very last sentence clearly states that "for the purposes of this Act, Old Dominion University (University) shall be considered a 1-AA institution until July 1, 2020" That is an important sentence as it shields us from the 55% cap, but I think it should be extended until July 1, 2025 to give us the ten year "grace period" as promised.

[i]C. The subsidy percentage shall not exceed:

1. 20 percent for NCAA Division I-A institutions affiliated with the Atlantic Coast Conference, Big Ten Conference, Big 12 Conference, Pac-12 Conference, or Southeastern Conference;

[i]2. 55 percent for NCAA Division I-A institutions affiliated with conferences other than the Atlantic Coast Conference, Big Ten Conference, Big 12 Conference, Pac-12 Conference, or Southeastern Conference.

§ 30-361. Staff; cooperation from other state agencies.

Administrative staff support shall be provided by the staffs of the House Committee on Appropriations and the Senate Committee on Finance. Additional assistance as needed shall be provided by the State Council of Higher Education for Virginia.

2. That for the purposes of this act, Old Dominion University (University) shall be considered a Division I-AA institution until July 1, 2020, and if the University continues to operate a Division I-A intercollegiate football program on July 1, 2020, the University shall subsequently be considered a Division I-A institution.[/i][/i]

Those that are well versed in the crafting of a bill are free to correct me, but based on excerpts provided above, appears ODU's exclusionary treatment falls under Item C, sub 2 as well as Article 30-361, Item 2. If that's correct, then regardless of what ODU's current affiliation is, ODU will be considered I-AA until 2020, which means we are entitled to the 70% cap until 2020. Beyond 2020, our conference affiliation will be reviewed, and if we happen to still be outside the P5 (SEC, ACC, Big10, etc), our cap will then be reduced to the 55% level. No mention of a 10-yr grace period either, meaning 55% cap at the non-P5 FBS level until the law changes. Folks, as crafted, the bill doesn't seem to be as bad as others have opined here.

Also, should JMU be able to upgrade to FBS, as long as they don't move into a P5 Conference (Highly unlikely), they'll also be limited to the 55% cap.

(01-24-2015 09:59 AM)ziggy1 Wrote: [ -> ][i]C. The subsidy percentage shall not exceed:

1. 20 percent for NCAA Division I-A institutions affiliated with the Atlantic Coast Conference, Big Ten Conference, Big 12 Conference, Pac-12 Conference, or Southeastern Conference;

[i]2. 55 percent for NCAA Division I-A institutions affiliated with conferences other than the Atlantic Coast Conference, Big Ten Conference, Big 12 Conference, Pac-12 Conference, or Southeastern Conference.

§ 30-361. Staff; cooperation from other state agencies.

Administrative staff support shall be provided by the staffs of the House Committee on Appropriations and the Senate Committee on Finance. Additional assistance as needed shall be provided by the State Council of Higher Education for Virginia.

2. That for the purposes of this act, Old Dominion University (University) shall be considered a Division I-AA institution until July 1, 2020, and if the University continues to operate a Division I-A intercollegiate football program on July 1, 2020, the University shall subsequently be considered a Division I-A institution.[/i][/i]

Those that are well versed in the crafting of a bill are free to correct me, but based on excerpts provided above, appears ODU's exclusionary treatment falls under Item C, sub 2 as well as Article 30-361, Item 2. If that's correct, then regardless of what ODU's current affiliation is, ODU will be considered I-AA until 2020, which means we are entitled to the 70% cap until 2020. Beyond 2020, our conference affiliation will be reviewed, and if we happen to still be outside the P5 (SEC, ACC, Big10, etc), our cap will then be reduced to the 55% level. Folks, as crafted, the bill doesn't seem to be as bad as others have opined here.

Also, should JMU and Liberty be able to upgrade to FBS, as long as they don't move into a P5 Conference (Highly unlikely), they'll also be limited to 55% cap.

I don't believe Liberty is affected by this. They are private.

Yep, I stand corrected about Liberty, they are privately funded, therefore, not impacted. It's been fixed.

(01-24-2015 09:59 AM)ziggy1 Wrote: [ -> ][i]C. The subsidy percentage shall not exceed:

1. 20 percent for NCAA Division I-A institutions affiliated with the Atlantic Coast Conference, Big Ten Conference, Big 12 Conference, Pac-12 Conference, or Southeastern Conference;

[i]2. 55 percent for NCAA Division I-A institutions affiliated with conferences other than the Atlantic Coast Conference, Big Ten Conference, Big 12 Conference, Pac-12 Conference, or Southeastern Conference.

§ 30-361. Staff; cooperation from other state agencies.

Administrative staff support shall be provided by the staffs of the House Committee on Appropriations and the Senate Committee on Finance. Additional assistance as needed shall be provided by the State Council of Higher Education for Virginia.

2. That for the purposes of this act, Old Dominion University (University) shall be considered a Division I-AA institution until July 1, 2020, and if the University continues to operate a Division I-A intercollegiate football program on July 1, 2020, the University shall subsequently be considered a Division I-A institution.[/i][/i]

Those that are well versed in the crafting of a bill are free to correct me, but based on excerpts provided above, appears ODU's exclusionary treatment falls under Item C, sub 2 as well as Article 30-361, Item 2. If that's correct, then regardless of what ODU's current affiliation is, ODU will be considered I-AA until 2020, which means we are entitled to the 70% cap until 2020. Beyond 2020, our conference affiliation will be reviewed, and if we happen to still be outside the P5 (SEC, ACC, Big10, etc), our cap will then be reduced to the 55% level. Folks, as crafted, the bill doesn't seem to be as bad as others have opined here.

Also, should JMU and Liberty be able to upgrade to FBS, as long as they don't move into a P5 Conference (Highly unlikely), they'll also be limited to 55% cap.

Thanks for putting on your thinking cap. These are the kinds of questions that you/we should be asking our state delegates. The ship has sailed on the House side of the VGA. You/we need to be asking these kinds of clarifying questions to our Senate delegates.

Someone please correct me if you think this should not be a concern, but --

The bill passed unanimously in the house without any language that addresses excluding the funding of the new stadium from the cap. This is despite the fact that Cox said they would look at doing that. Obviously, if the house considered that amendment, it was rejected. Actually, I can find no evidence in the legislative web site that an amendment for that purpose was ever proposed.

The bill now goes to the senate in its present form, and I have strong concerns about the chances of getting a different version out of the senate. Unless ODU (administration and alumni) stay with this, the bill will pass both houses, be signed by the governor and become law -- as is.

(01-24-2015 01:44 PM)ODU AGGIE Wrote: [ -> ]Someone please correct me if you think this should not be a concern, but --

The bill passed unanimously in the house without any language that addresses excluding the funding of the new stadium from the cap. This is despite the fact that Cox said they would look at doing that. Obviously, if the house considered that amendment, it was rejected. Actually, I can find no evidence in the legislative web site that an amendment for that purpose was ever proposed.

The bill now goes to the senate in its present form, and I have strong concerns about the chances of getting a different version out of the senate. Unless ODU (administration and alumni) stay with this, the bill will pass both houses, be signed by the governor and become law -- as is.

You have done your homework and I agree with your assessment. We (each poster on this board) need to contact each Hampton Roads Senate member and express these concerns.

(01-24-2015 01:44 PM)ODU AGGIE Wrote: [ -> ]Someone please correct me if you think this should not be a concern, but --

The bill passed unanimously in the house without any language that addresses excluding the funding of the new stadium from the cap. This is despite the fact that Cox said they would look at doing that. Obviously, if the house considered that amendment, it was rejected. Actually, I can find no evidence in the legislative web site that an amendment for that purpose was ever proposed.

The bill now goes to the senate in its present form, and I have strong concerns about the chances of getting a different version out of the senate. Unless ODU (administration and alumni) stay with this, the bill will pass both houses, be signed by the governor and become law -- as is.

Indeed. We must continue to press, although I suspect that the ODU administration is completely on top of this.

Despite all of our immediate reactions to this bill, and speculation (including by myself ), that this bill was a direct attack on ODU and JMU, I no longer believe that to be the case.

The timing of this proposed legislation coincides perfectly with proposals that athletes be compensated for the full costs of attendance; stipends.
This bill seems to be an attempt to preempt the increased cost to the student that the implementation of stipends could incur. As I posted (slightly edited) on the W&M board: (including some previous discussion of University of Richmond)

(01-24-2015 04:09 PM)ODUalum78 Wrote: [ -> ]I got curious as to stipends, and the impact they might have on Virginia schools, especially in the shadow of HB 1897.
Title IX will be a factor with respect to stipends as well.

UR's endowment ($2.02 billion) is 2nd only to UVA ($6.4 billion) with respect to endowment; so we know it has money.
As a private, like Liberty, UR is not subject to HOUSE BILL NO. 1897.

I think I am correct here, as to the student fee structure as of 2013 and subsequent impact of the Cox Bill.

Impacted football schools (70%), are not likely to have any extra money for stipends.
JMU would be reduced by $111 from $1,234 to $1,123 (79% currently)
NSU would be reduced $154.5 from $1,545 to 1,391 (80% currently)
ODU is currently at $1361 (73%), and has 10 years to achieve 55%, however in the mean time would still have to reduce student fees by 3% -by $41 to $1321.

Impacted non football schools schools (78%) would probably be strained.
GMU would be reduced by $31 from $523 to $492 (84% currently)
Longwood would be reduced by $65 from $1,828 to $1,763 (87% currently)
Radford would be reduced by $81 from $1,150 to $1069 (85% currently)
I think GMU will have problems with stipends.

Non impacted schools (below the 20%, 70%, or 78% thresholds) may or may not be able to absorb stipends. The highlighted schools below probably have no real issues, but I know little of the others, including W&M's financial situation.
VMI $1,576
W&M $1,575
]UVA Wise $1,403
CNU $1,387
Va State $887
VCU $697
UVA $657
VT $273
UMW $135

Certainly VCU would have little or no problem with stipends, and likely that money would come from donations anyway. I was stunned to see that VCU's endowment is now $1.33 billion. That places it as the number two public in Va behind UVA, and number four overall - behind UVA, UR, and W&L($1.35).

http://www.schev.edu/Reportstats/Tuition....pdf?from=

It will get very interesting when the concept of football stipends rears it's head.

The long term effect of the proposed Cox legislation could put even Virginia Tech and UVA at a National competitive disadvantage - with the reality of football stipends, and associated additional costs incurred by the proscriptions of Title IX.

This is a tough call for me as I love ODU sports. I donate to ODAF, have season tickets, and attend about 25 games a year amongst the ODU teams I support.

Having said that, the cost of college has gotten way out of control. I want to be able to help my kids pay for school, and at this rate of yearly increase I might not be able to.

Tough call.

Endowment is because of MCV not VCU.

(01-25-2015 02:16 PM)ODU Hoops Wrote: [ -> ]This is a tough call for me as I love ODU sports. I donate to ODAF, have season tickets, and attend about 25 games a year amongst the ODU teams I support.

Having said that, the cost of college has gotten way out of control. I want to be able to help my kids pay for school, and at this rate of yearly increase I might not be able to.

Tough call.

Isn't there a program that locks College cost in at today’s dollars if you start saving now? Sorry, I have seen this advertised on TV, but not sure if it is available in Virginia for public Institutions or just private colleges.

How to Lock in Tuition at 270 Private Colleges

With a 529 plan, parents can guarantee their child's tuition rate in the future. Parents who plan to eventually send a child to a private college can lock in today's tuition rates.

http://www.usnews.com/education/best-col...e-colleges

The chart that estimates the future cost is an eye opener.


Good info on future savings for College cost....

http://www.investopedia.com/articles/per...ollege.asp

(01-25-2015 02:55 PM)Mr.BigBlue Wrote: [ -> ]Endowment is because of MCV not VCU.

To some extent; as is the case with institutions with big law schools.
However, in VCUs case it skyrocketed in one year, which is why I stated I was stunned in my previous post.
Here's why:

Quote:The market value of VCU’s endowment grew by almost 203 percent during fiscal 2013, compared with the previous year.

It was valued at about $1.32 billion at the close of fiscal 2013, making it the 61st largest on the NACUBO’s list. In 2012, the university reported an endowment of about $438 million.

A notation on the figure, however, explains the increase was due to a “re-designation of certain long-term investments held by related VCU entities as ‘quasi-endowments.’”

VCU executive director of university relations Pam Lepley said the school’s combined endowment includes funds managed by VCU and related entities, such as the VCU Health System, the Medical College of Virginia Foundation, the VCU School of Business Foundation and the VCU School of Engineering Foundation.

http://www.richmondbizsense.com/2014/02/...al-growth/

Still, in the grand scheme of student fee caps and stipends, only VCU, of all Va publics, is likely to come away from all of this with little or no long term negative impact.

On a lighter note, the newest financial data for ODU. I was using schev data from 2012/2013.
Thank you FD and Mturn.

(01-26-2015 09:45 PM)FriscoDawg Wrote: [ -> ]Surprised that no one has posted the ODU good news from its 2013-2014 NCAA AUP report available on the Virginia Auditor of Public Accounts website.

For 2013-2014, ODU's self-generated revenue percentage was up to 34.9% of total revenue. Student fee revenue was down by about $350K. Total revenues still increased by over $4 million with jumps in game guarantees (up almost $1.7M), conference revenue (up over $1.2M), contributions (up over $800K), and royalties/licensing/advertising/sponsorships (up over $500K) more than offsetting the student fees drop.

(01-27-2015 10:50 AM)mturn017 Wrote: [ -> ]Correct me if I'm wrong '78 but I think the 73% was using '12-'13 data and the most recent information as FriscoDawg shared shows student fees at 65% of total athletic revenues. So it seems we're in compliance for the FCS levels

edit: link to most recent financial statements

http://www.apa.virginia.gov/reports/ODUNCAA14.pdf

ODU is in much better shape than I thought
Now, if we could get the stadium without applying student fees.....

(01-27-2015 11:20 AM)ODUalum78 Wrote: [ -> ]On a lighter note, the newest financial data for ODU. I was using schev data from 2012/2013.
Thank you FD and Mturn.

(01-26-2015 09:45 PM)FriscoDawg Wrote: [ -> ]Surprised that no one has posted the ODU good news from its 2013-2014 NCAA AUP report available on the Virginia Auditor of Public Accounts website.

For 2013-2014, ODU's self-generated revenue percentage was up to 34.9% of total revenue. Student fee revenue was down by about $350K. Total revenues still increased by over $4 million with jumps in game guarantees (up almost $1.7M), conference revenue (up over $1.2M), contributions (up over $800K), and royalties/licensing/advertising/sponsorships (up over $500K) more than offsetting the student fees drop.

(01-27-2015 10:50 AM)mturn017 Wrote: [ -> ]Correct me if I'm wrong '78 but I think the 73% was using '12-'13 data and the most recent information as FriscoDawg shared shows student fees at 65% of total athletic revenues. So it seems we're in compliance for the FCS levels

edit: link to most recent financial statements

http://www.apa.virginia.gov/reports/ODUNCAA14.pdf

ODU is in much better shape than I thought
Now, if we could get the stadium without applying student fees.....

Much of this is due to our new conference.

We couldn't afford to play football in CAA. That's being stuck between a rock and a hard place.

(01-27-2015 01:34 PM)DaBigBlue Wrote: [ -> ]We couldn't afford to play football in CAA. That's being stuck between a rock and a hard place.

Agreed.

Today (Tuesday, the 27th), the bill was referred to the Senate Finance Committee. Members of the Committee are:

• Walter A. Stosch, Co-Chair
• Charles J. Colgan, Co-Chair
• Janet D. Howell
• Richard L. Saslaw
• Thomas K. Norment, Jr.
• Emmett W. Hanger, Jr.
• John Watkins
• L. Louise Lucas
• Stephen D. Newman
• Frank M. Ruff
• Frank W. Wagner
• Ryan T. McDougle
• Jill Holtzman Vogel
• Charles W. Carrico
• Kenneth C. Alexander


I suspect the Committee will refer the bill to the education subcommittee. Members of the subcommittee are:

• Thomas K. Norment, Jr., Chair
• Charles J. Colgan
• Janet D. Howell
• Richard L. Saslaw
• Emmett W. Hanger, Jr.
• Frank M. Ruff, Jr.
• Ryan McDougle


Notice that our good friend Thomas Norment is the chair of the education subcommittee.

At this point I will be very surprised if the bill does not become law in it’s present form. I may not have all the facts, but I believe this bill will do real damage to our ability to move forward with the new stadium if it is not properly amended.

We need to call for an investigation immediately because Norment approves funding for the University (William and Mary) that he is employed by. He clearly is involved in appropriating funding directly related to William is Mary. That is a clear conflict of interest. If this bill is not amended by him or the committee to ensure it does not impact ODUs ability to build a new stadium then it is time for ODU alum to play hard ball and call for an investigation of Norment. It us bad enough that he already approves only 82% of ODU base adequacy funding. When William and Mary is close to 100% funded. We are being discriminated against !

(01-27-2015 01:34 PM)DaBigBlue Wrote: [ -> ]We couldn't afford to play football in CAA. That's being stuck between a rock and a hard place.

Glad to be FBS and CUSA, but why do you say this? We would be able to apply fess up to 70%, not build a new stadium, pay our coaches less, cheaper travel expenses and fewer scholarships and stipends. The only financial difference is CUSA gets us more money than the CAA, but thats it. Donations rose for FBS, but they dont make up the difference. Attendance is the same. If it meant we could get into the A10 for basketball, I'd go back to CAA football given the choice.

(01-27-2015 06:15 PM)monarx Wrote: [ -> ]

(01-27-2015 01:34 PM)DaBigBlue Wrote: [ -> ]We couldn't afford to play football in CAA. That's being stuck between a rock and a hard place.

Glad to be FBS and CUSA, but why do you say this? We would be able to apply fess up to 70%, not build a new stadium, pay our coaches less, cheaper travel expenses and fewer scholarships and stipends. The only financial difference is CUSA gets us more money than the CAA, but thats it. Donations rose for FBS, but they dont make up the difference. Attendance is the same. If it meant we could get into the A10 for basketball, I'd go back to CAA football given the choice.

Quote:For 2013-2014, ODU's self-generated revenue percentage was up to 34.9% of total revenue. Student fee revenue was down by about $350K. Total revenues still increased by over $4 million with jumps in game guarantees (up almost $1.7M), conference revenue (up over $1.2M), contributions (up over $800K), and royalties/licensing/advertising/sponsorships (up over $500K) more than offsetting the student fees drop.

Courtesy Frisco Dawg
http://www.apa.virginia.gov/reports/ODUNCAA14.pdf

Additionally had we stayed in trhe CAA, we would have had to, because of the Cox bill, immediately reduce student fees to 70%, representing ca $777,565.
Currently we are down to 65% and face no further mandatory reductions until 2020.
With few chances of increasing revenues above private donations, I really don't see how we could have sustained it.