Csonked Out
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Posts posted by Csonked Out
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1 minute ago, Oxbow6 said:
That's a great idea............
way to add something productive to the conversation.....
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1 minute ago, SIOUXFAN97 said:
is this true...i can't make out what exactly UND is losing with these agreements...but are we losing millions EVERY YEAR in revenue to the foundation?
it is a big number. I am waiting until I see the 2017 numbers to say anything further.
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Just now, Oxbow6 said:
Sensing a theme here recently........ attitude of ungratefulness for the dollars given in the past by the Foundation yet there's a hostage crisis on our university now because the Foundation hasn't given enough lately. Did I miss anything else?
it has nothing to do with ungratefulness, but the gift wasn't without a price. The bottom line is they have a lease agreement with us that is very one sided. The Ralph was gifted to benefit the University, yet here we are losing millions in revenue annually to the foundation and that money isn't coming back to UND as originally planned. Lease agreements matter to a university and the lack of state funding is making it a problem.
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5 minutes ago, Cratter said:
You obviously don't know what you're talking about.
She and her foundation a few months ago gave away another $3 million in Grand Forks.
I'm talking about gifts to UND
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5 minutes ago, Cratter said:
Here we go away with she's taking home profits from the Ralph Engelstad Arena?
Her job, more or less, is to give money away.
She hasn't been giving away money lately and money is flowing in. Where it is going is the question, and it is a valid question.
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5 minutes ago, darell1976 said:I wouldn’t call what Ralph did usefulness but it seems like a spoiled kid, with a lot of power, holding a university hostage for her own personal gain. After all UND is not her Alma mater so why should she care as long as the money is flowing her way. The whole reneging on the UNLV med school is painting her (not Ralph, not Betty, but Kris) is a whole new light.
apparently UNLV is her alma mater and she pulled that crap. I don't trust her at all.
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10 hours ago, Big Lubowski said:If he did that, he would be calling McGarry a liar. I suspect he wanted to avoid doing that.
exactly. Everyone has an agenda when they run to the media. We don't know what has happened behind closed doors, but I highly doubt she is being 100% open and honest.
This is a woman who pulled a 14 million donation because she didn't like that the school wanted to change it's president. The fact that she holds UND by it's manhood with donation funds makes me very uncomfortable. Nothing in life is free and the contract for the Ralph proves that.
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8 minutes ago, tnt said:
Why were people not complaining about what a crappy deal this Engelstad Arena has been before the Herald article? I don’t fault Kennedy for trying to negotiate a new contract if he saw a better deal for UND, but when you don’t hold the cards, it isn’t very smart to go in with guns blazing. If I get pulled over by the police and hope I just get off with a warning, I don’t ask him/her for their badge number and tell them I am going to tell their superior about the incident. Best to be humble when you are not in a position with leverage.
No one here has any idea how negotiations have been going. We have heard from one party on the matter and that is all.
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1 hour ago, tnt said:
Contracts! Contracts! Which means someone signed them. Did someone not look over these contracts knowing Ralph had a soft spot for the hockey program? Why, when everyone has enjoyed the Arena for 17 years is this all of a sudden a bad thing? Who is responsible for the Ray Richards land fiasco? If I had a ton of money to give to the University after seeing that scenario and this one play out, there is no way I trust the University to distribute my gift per my wishes. A lot of potential smaller gift givers see this and have second thoughts.
I think that all these things are coming about because UND wants to change the game late in the 3rd period, deals notwithstanding.
The obvious answer is that we are being forced to rely less on state funding due to budget cuts the last few years. We can no longer afford to be in an agreement that is as one sided as it is. Extra revenues are needed and this contract would solve a lot of long term issues.
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2 minutes ago, UNDBIZ said:
Well at least according to McGarry, Kennedy was tactless in his attempts at renegotiation.
she is the same person that pulled a $14 million gift to her alma matter because they forced out the president in March that she wanted. She seems like she tries to control things on a university level with the foundation gifts and endowment funds.
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5 minutes ago, AJS said:
One thing that I hope most people take from this story, is that at the end of the day, Kennedy was trying to do what's best for the University of North Dakota. His tactics or how he approached the situation clearly didn't work / could have been handled better, but he saw something in the contract or how things were being handled that was a red flag.
What's really frustrating, is to take a step forward as a University, they need a President with a vision who is willing to lead. It might not be popular at times, but I'd much rather have someone who's ambitious, then someone who would have looked over the contract, noticed a red flag and didn't say anything. It's much easier to sit back, not say anything and go along with their day. The problem for Kennedy is it appears there's too many who just want the status quo, would rather have him just bury his head.
yup, and I got dumped on last night for suggesting it could be a money issue. When someone goes to the media and does something this aggressively, there is almost always an alterior motive.
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2 hours ago, BarnWinterSportsEngelstad said:
2017-18 school year * after confirmed attendance #s.
Sport Students Avg Atten $/Seat #Games Season$
FB 2,200 10,462* $25 5 1M$
MB 1,500 $10 15 .22M$
WBB 1,500 $10 15 .22M$
VB
MH 3,000 11,408 * $45 19 7.2M$
Do the $ from ticket sales go to R E Arena, Inc. or to the Engelstad Foundation?
Does the 52% of ticket $ stay with The Ralph or go to the Engelstad Foundation?
Is there some advantage/reason to have ticket sales $ not go directly to the AD? But, later have $48% go to AD, then, later have some of the $52% spent on U athletics in some way, but at the same time have the potential to send $ to other entities outside of UND (like a tool for obedience)?
The main reason that I can think of at this point for The Ralph management setup, is have some outside forces dictate where the retained funds go? Protect Hockey for the long haul.this is a question I would like answered as well, what actually happens to the money that UND doesn't get.
This could be Kennedy wanting to have UND have more control financially than it currently does. I kind of agree with him if that is the case. Will be interesting to see how this plays out.
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1 minute ago, jdub27 said:
Kennedy is a successful businessman and politician, both of which require negotiating skills and the latter, significant fundraising. That makes me question some of the accusations thrown at him, however also leads me to believe the REA didn't take kindly to the request to renegotiate the contract between the two.
I was thinking the same thing, you just worded it better. I question the rush to go public in all this but I also want to compare our lease to NDSU's lease of the Fargo dome. Are they comparable in revenue splits or is there a big gap between the 2? Remember, back in 2002 there was a lawsuit between NDSU and the City of Fargo so it isn't uncommon in these types of situations.
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Does anyone have access to the numbers for what NDSU has for the lease agreement with the fargodome? Curious as to the revenue in their lease as compared to what we have with the ralph.
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8 minutes ago, Cratter said:
Fast?
Did you read the article?
She stated what her issues are with the President.
The numbers are posted for you to see already.
I did read it and just went back around to it to make sure I didn't miss anything. I'm not trying to start anything here but I do think it is important to not take every statement at face value. She has some sort of motivation for taking this public. Maybe the relationship is just that fractured because of Kennedy and maybe it is something else.
This structure was designed to benefit the University and it will continue to have money flow into it year in and year out. It is important that it continues to benefit the University and not turn into a financial strain because we aren't getting enough of the revenue stream. I firmly believe there is more to this story than what we have read so far.
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5 minutes ago, Cratter said:
Her family has recently donated millions to UND and you think she cares about a few more bucks Kennedy wants from the Ralph?
I'm simply asking how much they are profiting off of UND currently? It's great they just donated Millions to UND, I just want to see the accounting records to make sure they aren't taking millions from UND in the process. Why else would someone rush to the media so fast? I'm not saying that is happening, but it is a question that deserves to be asked.
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2 minutes ago, Oxbow6 said:I think you're on track here but if it's about money how come Kennedy has rubbed so many donors, besides the Engelstad Foundation, the wrong way?
he was a politician, it's what they do. People may not like Kennedy but I think he may be onto something here. Why is this lady getting so defensive about this and going to the media so quick, that makes me raise an eyebrow.
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36 minutes ago, UNDBIZ said:
Tom threw in some of the numbers jdub has mentioned at the end of this article.
This feels like a money issue on both sides. I am guessing that Kennedy wants to fix some of our budget issues by getting a more favorable contract with REA and REA isn't interested in discussing things. I can't see any other reason why this would get brought public other than about money. The question does need to be asked, how much is the REA foundation profiting off of UND and does Kennedy know something we don't? I am assuming there is more to the story that will come out but that is my take.
Things that come to this are almost always about money.
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2 minutes ago, gundy1124 said:
Do you write a check to Stepps, Rudy, Fruend, or do you have Bubba in mind when donating to football? Just curious.
EWU budget issues of course not all on Chaves, but 10 years and no responsibility, ya OK?
Of course some of it is on him but to run a top flight FCS program on a budget of what he was given, give the guy some credit. What more could he possibly have done?
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10 hours ago, gundy1124 said:
Also in the article, EWU peer programs are spending $10 and $14 million on athletic facilities and even lower division schools are making upgrades while EWU plans to penny pinch to a balanced budget. And what is the big push at UND....phase II. This is very disturbing. If your finances are not in order, everything else becomes moot. So Chaves will have to rely heavily on others to keep $$ in order, that is what I am seeing.
There is also a heck of a lot more competition for athletic programs out in Washington than there are here in North Dakota. IMHO, this was the only qualified candidate of the final 4. Mannausau simply isn't a qualified candidate at this point in time. Chaves was giving a clearance section budget and accompolished a ton with it. I for one would be very very angry if we justified hiring someone from within when he only real qualification for the position is fundraising. Chaves is certainly not the perfect candidate but his resume speaks for itself. I would have loved to hire in house, but you have to have a qualified applicant first. Welcome to UND Mr. Chaves.
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30 minutes ago, BarnWinterSportsEngelstad said:
Track and Field, I know the parents of one of the laddies and one recruit is my nephew. Go Fighting Hawks!
Five prep standouts commit to track programhttp://www.undsports.com/ViewArticle.dbml?DB_OEM_ID=13500&ATCLID=211687332
Wolf was a nice get. All region or state in 3 different sports and jumped 6'8 already. Impressive kid
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5 minutes ago, bincitysioux said:
He likely would have put up better numbers with better O-line play similar to last season. We were 12th in the league Sacks Against. Studsrud was running for his life all season................
you mean when he completed a whopping 56% of his passes or maybe the year before when he completed 60%. He was who he was, had good legs that opened up the running game from time to time but also had 4-5 throws a game that were just wild that he should have hit. I never understood why everyone here was so high on him as he just wasn't all that impressive. HIs career high in touchdown passes in a season was 14, i'm sorry but I expect more from an FCS quarterback.
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47 minutes ago, Sioux>Bison said:
Studs had a good year until he got injured. That really effected his play and he was never the same. Better play calling would have helped too.....
He wasn't very good at all, inaccurate as usual and only 8 td passes all year compared to 11 picks. He simply misses too many throws he should be making on a weekly basis. I have been waiting for a guy who can complete around 65% of his passes, simply wasn't a fan of Keaton.
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it really is a simple fix, we need adequate QB play. Studsrud was inconsistent and inaccurate, his graduating is a good thing as it will force change. I liked what I saw from Zimmerman personally.
Kennedy vs. Engelstad Foundation: GF herald feature
in Community
Posted
the problem was it was a percentage based agreement from 20 years ago. Revenues have changed considerably, as they increase the gap only widens. That was the real problem with it, props to Kennedy for hopefully fixing it.