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Post by Werebeaver on Jun 20, 2019 7:09:51 GMT -8
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zzufrevaeb
Sophomore
Not beaverfuzz
hi
Posts: 1,502 
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Post by zzufrevaeb on Jun 20, 2019 7:41:52 GMT -8
they will be one of the first to drop by the wayside.
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Post by Henry Skrimshander on Jun 20, 2019 9:52:03 GMT -8
Bill Moos was laughing all the way to Lincoln. He got all the praise for upgrading Wazzu's facilities, with money it didn't have and now can't ever hope to pay back, and bailed leaving somebody else to clean up his mess. He didn't have the best owner in college sports to buy everything for him in Pullman like he did in Eugene.
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Post by OSUprof on Jun 20, 2019 13:34:29 GMT -8
Here is the known athletic department debt according to the Knight Commission web site:
School Debt
Cal $438,161,849
UW $254,179,791
Oregon $213,966,484
ASU $211,774,000
Colorado $179,437,983
WSU $135,566,832
UCLA $97,659,767
Arizona $90,750,000
Utah $75,022,912
OSU $73,309,754
Mean $176,982,937
Values are for fiscal year 2017.
Here's the debt service (the annual payment) in millions expressed as a percentage of the total annual AD expenses for 2017:
Expenses Debt Service %
Cal 86.1 18.9 21.9
Oregon 100.7 19.3 19.2
UW 108.8 14.6 13.4
WSU 71.4 9.3 13.0
ASU 96.2 12.1 12.6
Arizona 80.2 7.3 9.1
OSU 86.7 7.5 8.7
Colorado 90.6 7.8 8.6
Utah 70.3 4.2 5.9
UCLA 104.1 3.1 2.9
Mean 89.5 10.4 11.5
While WSU's debt is high, they have a chance to pay it off with the relatively low debt service at 13% of total expenses, albeit higher than the conference average of 11.5. Not surprisingly, Cal is in the biggest financial trouble in the conference - over one fifth of their annual expenses goes to debt service. OSU is in a low debt situation with less than 9% of annual expenses earmarked for debt service.
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Post by mbabeav on Jun 20, 2019 14:56:17 GMT -8
Here is the known athletic department debt according to the Knight Commission web site:
School Debt
Cal $438,161,849
UW $254,179,791
Oregon $213,966,484
ASU $211,774,000
Colorado $179,437,983
WSU $135,566,832
UCLA $97,659,767
Arizona $90,750,000
Utah $75,022,912
OSU $73,309,754
Mean $176,982,937
Values are for fiscal year 2017.
Here's the debt service (the annual payment) in millions expressed as a percentage of the total annual AD expenses for 2017:
Expenses Debt Service %
Cal 86.1 18.9 21.9
Oregon 100.7 19.3 19.2
UW 108.8 14.6 13.4
WSU 71.4 9.3 13.0
ASU 96.2 12.1 12.6
Arizona 80.2 7.3 9.1
OSU 86.7 7.5 8.7
Colorado 90.6 7.8 8.6
Utah 70.3 4.2 5.9
UCLA 104.1 3.1 2.9
Mean 89.5 10.4 11.5
While WSU's debt is high, they have a chance to pay it off with the relatively low debt service at 13% of total expenses, albeit higher than the conference average of 11.5. Not surprisingly, Cal is in the biggest financial trouble in the conference - over one fifth of their annual expenses goes to debt service. OSU is in a low debt situation with less than 9% of annual expenses earmarked for debt service.
Oregon State benefited from taking advantage of low interest rates on construction bonds, especially for the buildings that were built/updated after Reser stage 1 (which still is the biggest chunk of the debt owed). The entire campus underwent a building boom - Dr. Ray and Co knew their financial management if anything. |
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Post by giantkillers83 on Jul 27, 2019 17:28:59 GMT -8
WSU debt may be “relatively “..... low.....
But still.... servicing that debt long term ??
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Post by Tigardbeav on Jul 29, 2019 18:18:33 GMT -8
WSU debt may be “relatively “..... low..... But still.... servicing that debt long term ?? don't worry Moos had to put a personal guarantee on it. So they good |
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