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IWokeUpLikeThis · 06-03-2020 09:38 AM

Florida A&M BOT are giving all realignmentologers a chance to get involved. Submit your request by 5pm Wednesday.

Note: Requests for public comments must be submitted by 5:00 p.m. June 3, 2020.
Send requests to: linda.bargemiles@famu.edu

Committee Meeting Schedule Wrote:2:00 p.m. - June 3, 2020

2:00 p.m.
Direct Support Organizations Committee
Meeting Material
Presentation

2:20 p.m.
Special Committee on Athletics
Presentation

2:40 p.m.
Budget, Finance and Facilities Committee
Meeting Material
Presentation

3:20 p.m.
Audit and Compliance Committee
Audit Material
Compliance Material
Presentation

3:40 p.m.
Special Committee on the College of Law
Minutes
Presentation

9:30 a.m. - June 4, 2020

9:30 a.m.
Governance Committee
Committee Material
Presentation

9:50 a.m.
Academic and Student Affairs Committee
Committee Material
Tenure
Student Affairs Presentation

10:40 a.m.
Board of Trustees Meeting

The public can access the meetings by tuning into WANM-FM 90.5. (http://www.famu.edu/famcast/) click WANM 90.5
NOTE: These are approximate times. Each meeting will begin upon the adjournment of the previous meeting

Public Access for June 3 and 4, 2020 Meetings
Please click the link below to join the meeting:

https://famu.zoom.us/j/94540850688?pwd=N...0rMXdDQT09

Password: 746406
or
Telephone: 301-7158592

ID: 945 4085 0688 Password: 746406

IWokeUpLikeThis · 06-03-2020 01:14 PM

Meeting is on. Easily accessible. Right now, they're giving updates with an athletics committee presenting in 10 minutes.

IWokeUpLikeThis · 06-03-2020 01:24 PM

Trustee discussion on fundraising and endowment. Mentioned Florida A&M once had $120M endowment but gradually declining. Athletics up next after this discussion. There's a Q&A link at the bottom where you can type a question.

IWokeUpLikeThis · 06-03-2020 01:26 PM

Someone just utilized the Q&A feature:

SJG 04:00:08 AM
Was the move to the SWAC approved or is a vote still pending?
avatar
Linda Barge-Miles 01:24:10 PM
That issue will be addressed in the Athletics Committee, which should begin in a few minutes.

IWokeUpLikeThis · 06-03-2020 01:29 PM

Graph showing yearly endowment. Was $125M on 6/30/19, now $117M on 4/30/20. Dr Friday saying COVID played a role.

IWokeUpLikeThis · 06-03-2020 01:34 PM

One trustee talking about investment strategies, throws out the idea of dipping into another $10M of the endowment. This would take FA&M's endowment from $125M to $107M.

IWokeUpLikeThis · 06-03-2020 01:35 PM

Athletics committee starting now

IWokeUpLikeThis · 06-03-2020 01:47 PM

AD talking about basketball coaches. MBB coach's contract expired in May 2020. He's proposing a 3-year extension. FAMU went undefeated at home, had its "biggest win in school history" over Iowa St, and raised its APR by 100 points.

Still no talk about conference affiliation yet.

IWokeUpLikeThis · 06-03-2020 01:53 PM

AD going over the MEAC vs SWAC slides in this powerpoint.
http://www.famu.edu/BOT/Athletics%20BOT%...Final_.pdf

He is not a good speaker. He just parrots what the slides say and doesn't expand.

He also keeps saying "fan empathy" instead of "fan apathy".

IWokeUpLikeThis · 06-03-2020 01:56 PM

Game vs Southern generated $285k revenue.
The highest MEAC game generated $75k revenue.

"SWAC brands are better"

IWokeUpLikeThis · 06-03-2020 01:57 PM

AD is presenting the travel matrix slide but this is poorly done.

He's using flight travel times for 6 SWAC schools but bus travel times for all 9 MEAC schools.

That is a poor comparison and not a good use of information.

IWokeUpLikeThis · 06-03-2020 02:03 PM

So now AD gives a 5-year revenue projection SWAC vs MEAC model.

He has:
SWAC - $1.1M
MEAC - $697k

So $400k more yearly revenue plus the reduction in travel expenses.

Scoochpooch1 · 06-03-2020 02:03 PM

(06-03-2020 01:57 PM)IWokeUpLikeThis Wrote: AD is presenting the travel matrix slide but this is poorly done.

He's using flight travel times for 6 SWAC schools but bus travel times for all 9 MEAC schools.

That is a poor comparison and not a good use of information.

You might be expecting too much from a Tougaloo U grad.

IWokeUpLikeThis · 06-03-2020 02:04 PM

MEAC exit:
$250k if protocols followed
$500k if not

No penalty for leaving the SWAC within 5 years.

(Of course this AD still can't put a presentation together, he has "$250,00")

IWokeUpLikeThis · 06-03-2020 02:08 PM

Trustee a better speaker:
"Reduce operating expenses"
"Keep our student-athletes off planes more"
"More opportunities for revenue"
"Provides fan base with more historical (better brand) matchups"

IWokeUpLikeThis · 06-03-2020 02:11 PM

Another trustee brings up that the Southern home game tripled the highest revenue MEAC home game, and that FAMU's D2 home game generated more revenue than multiple MEAC games.

"SWAC has more marquee brands"

EigenEagle · 06-03-2020 02:11 PM

FAMU moving to the SWAC would kinda undermine the idea that travel costs will drive realignment below the P5 level, no?

TDenverFan · 06-03-2020 02:14 PM

(06-03-2020 02:11 PM)EigenEagle Wrote: FAMU moving to the SWAC would kinda undermine the idea that travel costs will drive realignment below the P5 level, no?

Pretty sure Florida A&M will have less travel in the SWAC, it's in Tallahassee/on the Florida pan handle

IWokeUpLikeThis · 06-03-2020 02:14 PM

(06-03-2020 02:11 PM)EigenEagle Wrote: FAMU moving to the SWAC would kinda undermine the idea that travel costs will drive realignment below the P5 level, no?

They're saying travel expenses would drop. 4-5 schools they can bus to. Average mile difference drops from 697 to 518.

One trustee saying now Year 1 revenues can offset $250k exit penalty.

IWokeUpLikeThis · 06-03-2020 02:16 PM

One trustee asks "what's the timetable?"

"If we do it now with 1-year notice, it's a $250k penalty. If we wait another month, it's $500k because we're violating their protocols"

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