FedEx Funding NIL

[Spinal Tap]

Throwing some big bucks to Memphis. Laying out $25M at 5M/year. Major coin for that program.

FedEx pledges $25M to NIL program at Memphis

FedEx has pledged $25 million over the next five years to be used in sponsorship deals with University of Memphis athletes.

www.espn.com

 

[18IsTheMan]

In a similar vein, it was reported that Jerry Jones has offered to double any NIL offer for UK basketball commits to flip to Arkansas.

Some of our fans were excited about NIL, but NOTHING about the NIL world favors us. Even Memphis has us beat in that respect.

 

[KingWard]

In a similar vein, it was reported that Jerry Jones has offered to double any NIL offer for UK basketball commits to flip to Arkansas.

Some of our fans were excited about NIL, but NOTHIGN about the NIL world favors us. Even Memphis has us beat in that respect.

We're nowhere, Man.

 

[LonghornsGamecocks]

We're nowhere, Man.

Maybe Sonoco can come to the rescue with some athlete signature paper cores

 

[KingWard]

Maybe Sonoco can come to the rescue with some athlete signature paper cores

I was a career papermaker and a guy I used to work with at Bowater Catawba is now a manager at Sonoco in Hartsville. Problem is he's a UPC (University of Pickens County - for the uninitiated) graduate, so I can't expect any help from him.

 

[18IsTheMan]

Maybe Sonoco can come to the rescue with some athlete signature paper cores

The Sonoco CEO is worth $21.3 million (thereabouts). If he gave us everything he had, it would put us in spitting distance of FedEx's commitment.

 

[USCEE82]

Ah, Bowater. I was born and raised in Rock Hill. Back then, it seemed everyone either worked at Bowater or Celanese.

 

[KingWard]

Ah, Bowater. I was born and raised in Rock Hill. Back then, it seemed everyone either worked at Bowater or Celanese.

Now the former Bowater plant (New Indy) employees something over 400 employees. There was a time when the workforce approached 1200.

 

[LonghornsGamecocks]

I was a career papermaker and a guy I used to work with at Bowater Catawba is now a manager at Sonoco in Hartsville. Problem is he's a UPC (University of Pickens County - for the uninitiated) graduate, so I can't expect any help from him.

Both sides of my family made their living at Sonoco for multiple generations.

To your original point though, South Carolina has virtually no homegrown megacorps and relatively few wealthy and ultra-wealthy donors compared to most of our peer set. This has hurt us as a university and an athletics department since WW2 when the postwar and baby boom generation turned the ignition on higher education and collegiate sports becoming what it is today.

 

[muscleknight]

Mario Anderson should ask for a raise.

 

[18IsTheMan]

Both sides of my family made their living at Sonoco for multiple generations.

To your original point though, South Carolina has virtually no homegrown megacorps and relatively few wealthy and ultra-wealthy donors compared to most of our peer set. This has hurt us as a university and an athletics department since WW2 when the postwar and baby boom generation turned the ignition on higher education and collegiate sports becoming what it is today.

It really is a hopeless situation for us regarding NIL. Really only functions to push us further down.

 

[bayrooster]

We're nowhere, Man.

Maybe Palmetto State Armory will throw some $$ our way. lol

 

[Sweetwatergolf]

Both sides of my family made their living at Sonoco for multiple generations.

To your original point though, South Carolina has virtually no homegrown megacorps and relatively few wealthy and ultra-wealthy donors compared to most of our peer set. This has hurt us as a university and an athletics department since WW2 when the postwar and baby boom generation turned the ignition on higher education and collegiate sports becoming what it is today.

IMO competing in football is a lost cause with NIL. I can see where potentially we could have some hope with baseball and basketball.
This is unfortunately the state of things until this NIL gets fixed.

 

[will110]

Maybe Palmetto State Armory will throw some $$ our way. lol

USC would probably say thanks but not thanks lol

 

[Uscg1984]

The one

The Sonoco CEO is worth $21.3 million (thereabouts). If he gave us everything he had, it would put us in spitting distance of FedEx's commitment.

Well, the article doesn't say the FedEx CEO is personally donating the money - it's coming from the company. And it amounts to $5m per year over 5 years. I believe Sonoco's revenue last year was in the neighborhood of $6b. It shouldn't be beyond the realm of possibility to secure a commitment from them to throw a $5m marketing charge-off our way over a series of years.

 

[Prestonyte]

BMW and Michelin have done quite well in SC and could chip in if so inclined.

 

[18IsTheMan]

The one

Well, the article doesn't say the FedEx CEO is personally donating the money - it's coming from the company. And it amounts to $5m per year over 5 years. I believe Sonoco's revenue last year was in the neighborhood of $6b. It shouldn't be beyond the realm of possibility to secure a commitment from them to throw a $5m marketing charge-off our way over a series of years.

I’m aware.

Anyway, FedEx is headquartered in Memphis. Sonoco is not headquartered in Columbia. We have nothing of that magnitude headquartered in Columbia. Not even close. Memphis got the donation because that is where FedEx is headquartered. Sonoco would not make that kind of donation to us when we have two major state universities.

 

[gamecock stock]

FedEx and other corporations have South Carolina customers. Tanner should be aggressive to get funding (supposedly, fundraising is his strength). It is sad that college sports has evolved to this.

 

[LonghornsGamecocks]

The one

Well, the article doesn't say the FedEx CEO is personally donating the money - it's coming from the company. And it amounts to $5m per year over 5 years. I believe Sonoco's revenue last year was in the neighborhood of $6b. It shouldn't be beyond the realm of possibility to secure a commitment from them to throw a $5m marketing charge-off our way over a series of years.

It's not really a charge-off. You have to actually write a $5M check. And industrial companies like Sonoco don't rely on significant brand marketing or demand generation budgets.

They have given a modest amount of money to the Moore School over the years. Unsure if they've contributed to Clemson academic departments but my guess would be "yes"

 

[LonghornsGamecocks]

BMW and Michelin have done quite well in SC and could chip in if so inclined.

Yes, but we're just manufacturing hubs to them. Outposts, so to speak.

I noticed that our coaches sideline headsets have a Block C logo on them, while Georgia's sport a Delta Airlines logo (Atlanta-based) and Texas's sport American Airlines (Dallas-based). The contrasts are evident everywhere you look

 

[mickray]

Darla Moore. oops.

 

[Prestonyte]

Yes, but we're just manufacturing hubs to them. Outposts, so to speak.

I noticed that our coaches sideline headsets have a Block C logo on them, while Georgia's sport a Delta Airlines logo (Atlanta-based) and Texas's sport American Airlines (Dallas-based). The contrasts are evident everywhere you look

This is quite a SC presence for these companies to not provide some financial NIL support for our university.

Headquartered in Greenville, South Carolina, Michelin North America has approximately 23,000 employees and operates 34 production facilities in the United States and Canada.

As of 2019 the BMW Spartanburg manufacturing plant in Greer, South Carolina, had the highest production volume of the BMW plants worldwide,[7] producing approximately 1,500 vehicles per day.[8] The models produced at the Spartanburg plant are the X3, X4, X5, X6, X7, and XM SUV models.

 

[mickray]

They may not be sports fans.....

 

[mickray]

Michelin is a French company and BMW is German. Maybe soccer fans?

 

[LonghornsGamecocks]

This is quite a SC presence for these companies to not provide some financial NIL support for our university.

Headquartered in Greenville, South Carolina, Michelin North America has approximately 23,000 employees and operates 34 production facilities in the United States and Canada.

As of 2019 the BMW Spartanburg manufacturing plant in Greer, South Carolina, had the highest production volume of the BMW plants worldwide,[7] producing approximately 1,500 vehicles per day.[8] The models produced at the Spartanburg plant are the X3, X4, X5, X6, X7, and XM SUV models.

I agree. But "home" and "not home" are powerful contrasts in human existence. Doesn't mean we shouldn't be trying though. President Amirides, Ray Tanner, the board, Lamont, Dawn, and Shave Beaver should be making calls themselves. Mid level administrators don't land whale deals

 

[KingWard]

FedEx and other corporations have South Carolina customers. Tanner should be aggressive to get funding (supposedly, fundraising is his strength). It is sad that college sports has evolved to this.

No leverage.

 

[mickray]

“Give me a place to stand, and a lever long enough, and I will move the world. ”​

Never give up.

 

[mickray]

i.e. Q in = Q out

 

[KingWard]

“Give me a place to stand, and a lever long enough, and I will move the world. ”​

Never give up.

Leverage ain't coming here.

 

[Uscg1984]

I’m aware.

Anyway, FedEx is headquartered in Memphis. Sonoco is not headquartered in Columbia. We have nothing of that magnitude headquartered in Columbia. Not even close. Memphis got the donation because that is where FedEx is headquartered. Sonoco would not make that kind of donation to us when we have two major state universities.

Oh, I'm not disagreeing with you about the reality. Just remarking that it fundamentally shouldn't be out of the realm of possibility.

 

[Uscg1984]

They have given a modest amount of money to the Moore School over the years. Unsure if they've contributed to Clemson academic departments but my guess would be "yes"

And, to be honest, if Sonoco has given significant money to academic programs, that's a more noble purpose than throwing money at an athlete so he can drive a Range Rover while he's in school. If Carolina were to aggressively pursue money from SC corporations, I'd much prefer it go to general scholarship funds than NIL.

 

[LonghornsGamecocks]

And, to be honest, if Sonoco has given significant money to academic programs, that's a more noble purpose than throwing money at an athlete so he can drive a Range Rover while he's in school. If Carolina were to aggressively pursue money from SC corporations, I'd much prefer it go to general scholarship funds than NIL.

I agree. Similar ethos to how Robert McNair did it

 

[gamecock stock]

I

No leverage.

I know it is just a dream. The good news is that it is only a game that is not worth a bucket full of dirt in the big picture.

 

[Patriot321]

They may not be sports fans.....

Or Clemson fans

 

[CockofEarle…]

Throwing some big bucks to Memphis. Laying out $25M at 5M/year. Major coin for that program.

FedEx pledges $25M to NIL program at Memphis

FedEx has pledged $25 million over the next five years to be used in sponsorship deals with University of Memphis athletes.

www.espn.com

Good for Beale st.

 

[bayrooster]

Memphis Fedex could probably use some of that money to deal with thefts from from their hub and its trucks... https://www.fox13memphis.com/news/f...cle_63075bfc-a0fc-11ee-95f4-4f249040d61d.html

 

[VZVZ]

Ah, Bowater. I was born and raised in Rock Hill. Back then, it seemed everyone either worked at Bowater or Celanese.

My father in law retired with Celanese. He negotiated with unions. Tough job

 

[Big JC]

BMW and Michelin have done quite well in SC and could chip in if so inclined.

Maybe if we made soccer our primary sport and converted WB into a soccer stadium.