The e-mail newsletter is out this morning (covering the Beaver Stadium topic)

[PSUFTG2]

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Website post:

Ask Barry: Beaver Stadium Renovation – BARRY FENCHAK

"Based on the forecasts (pro-forma statements) the administration used to support the break-even argument, it’s difficult to see where her statement is accurate. Their calculations were based on:

• Athletics’ operating expenses, which have increased by 6.5% per year over the last decade, would immediately and permanently drop to 2.5% per year for the next 30 years
• No new capital projects would be undertaken by Athletics over the next 30 years

Based on the fact that there are $50 million of approved but not yet funded Athletics projects and that other major projects like the Natatorium renovation are in the advanced planning stages, and that even a reduction of operating expenses to 4.5% seems unlikely, I feel safe in predicting it is far more likely that Athletics will develop deficits in the hundreds of millions of dollars over the next several years that will need to be paid for with non-Athletics funds."

 

[PSUJam]

 

[Midnighter]

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Website post:

Ask Barry: Beaver Stadium Renovation – BARRY FENCHAK

Yay! Krieger was at the meeting!?!

 

[BobPSU92]

If you don't get them, you can sign up here (free):

Barry newsletter sign up (mailerlite.com)

Website post:

Ask Barry: Beaver Stadium Renovation – BARRY FENCHAK

"Based on the forecasts (pro-forma statements) the administration used to support the break-even argument, it’s difficult to see where her statement is accurate. Their calculations were based on:

• Athletics’ operating expenses, which have increased by 6.5% per year over the last decade, would immediately and permanently drop to 2.5% per year for the next 30 years
• No new capital projects would be undertaken by Athletics over the next 30 years

Based on the fact that there are $50 million of approved but not yet funded Athletics projects and that other major projects like the Natatorium renovation are in the advanced planning stages, and that even a reduction of operating expenses to 4.5% seems unlikely, I feel safe in predicting it is far more likely that Athletics will develop deficits in the hundreds of millions of dollars over the next several years that will need to be paid for with non-Athletics funds."

Only renovations to the existing natatorium? No new natatorium? That’s not a big enough expense for us and is disappointing.

 

[BobPSU92]

How does PSU intend to piss away the surplus, if there is one? Maybe we’ll get that new natatorium after all, but only after renovating the existing one.

 

[GrimReaper]

Bad enough that the financial brain trust at PSU was too lazy (or were they?) to present future cash flows on a NPV basis, now we've got some media dingleberries swallowing it all the way up to the tip of the rod!!!

 

[GrimReaper]

Yay! Krieger was at the meeting!?!

Everyone would have been better off had she stayed home. Talk about brainless.

 

[PSUJam]

Bad enough that the financial brain trust at PSU was too lazy (or were they?) to present future cash flows on a NPV basis, now we've got some media dingleberries swallowing it all the way up to the tip of the rod!!!

Mercury launches 'State Media' content network, six-figure NIL commitment to Penn State

Mercury has made a six-figure commitment NIL commitment to Penn State athletes and is launching the "State Media" content network.

www.on3.com

 

[BobPSU92]

Mercury launches 'State Media' content network, six-figure NIL commitment to Penn State

Mercury has made a six-figure commitment NIL commitment to Penn State athletes and is launching the "State Media" content network.

www.on3.com

State Media? Sounds communist.

 

[PSUJam]

State Media? Sounds communist.

Brenneman and Hack are at the helm!

 

[Nitt1300]

$44 million surplus?

I'm more likely to be named Miss America.

 

[GrimReaper]

$44 million surplus?

I'm more likely to be named Miss America.

Over 30 years, not discounted to present value. Had it been done good chance that the number is negative (as cash deficits are more likely to occur earlier).

 

[GrimReaper]

State Media? Sounds communist.

Probably closer than you think.

 

[PSUFBFAN]

Brenneman and Hack are at the helm!

I've got a lot of respect for these 2 guys - especially Hack. O'Brien promised them and their families he would stay at psu for their 4 years if they kept their commitments. Both of them had plenty of opportunities to go to other big-time programs.

They kept their commitments and then Obrien bolted 2 years later. In addition, Hack got the crap beat out of himself physically playing behind that high school offensive line. Finally, I don't think he and CJF were on the best of terms.

Yet, he has circled back and is a very strong supporter of the psu program. Good guys.

 

[PSUSignore]

Spend $700M today to maybe make $44M 30 years from now? What a brilliant justification!

 

[PSUJam]

Spend $700M today to maybe make $44M 30 years from now? What a brilliant justification!

 

[BW Lion]

If you don't get them, you can sign up here (free):

Barry newsletter sign up (mailerlite.com)

Website post:

Ask Barry: Beaver Stadium Renovation – BARRY FENCHAK

"Based on the forecasts (pro-forma statements) the administration used to support the break-even argument, it’s difficult to see where her statement is accurate. Their calculations were based on:

• Athletics’ operating expenses, which have increased by 6.5% per year over the last decade, would immediately and permanently drop to 2.5% per year for the next 30 years
• No new capital projects would be undertaken by Athletics over the next 30 years

That’s gaslighting / overt lying equivalent to what one normally expects out of Washington DC.

PSU’s administration must think PSU alumni are as dumb as the general populous.

 

[BobPSU92]

Spend $700M today to maybe make $44M 30 years from now? What a brilliant justification!

Don‘t worry. Penn State won‘t be around in 30 years.

 

[Midnighter]

 

[PSUSignore]

A guy making $10M a year working for a program that has $200M in annual revenues asking the general public (average salary $60k) for money to pay players. Players that already receive well over $100k a year in annual benefits and lead incredibly privileged lives enjoyed by only the top 1% of society. You can't make this **** up. College football is so flawed, like look in the mirror once in a while and realize how stupid you look. I'm at the point where I'm personally insulted by these pleas for donations. What's next, Sally Struthers infomercials showing the destitute of these poor, suffering athletes featuring Sarah MacLachlan music?

 

[Midnighter]

A guy making $10M a year working for a program that has $200M in annual revenues asking the general public (average salary $60k) for money to pay players. Players that already receive well over $100k a year in annual benefits and lead incredibly privileged lives enjoyed by only the top 1% of society. You can't make this **** up. College football is so flawed, like look in the mirror once in a while and realize how stupid you look. I'm at the point where I'm personally insulted by these pleas for donations. What's next, Sally Struthers infomercials showing the destitute of these poor, suffering athletes featuring Sarah MacLachlan music?

Same. More and more apathetic each day.

 

[Midnighter]

Good news everyone! Money isn’t a problem!

 

[psuro]

Good news everyone! Money isn’t a problem!

2 things

1. "Texas A&M AD Trev Alberts" still sounds stange to me.
2. This might be the only really insightful thing Alberts has ever said.

 

[BobPSU92]

A guy making $10M a year working for a program that has $200M in annual revenues asking the general public (average salary $60k) for money to pay players. Players that already receive well over $100k a year in annual benefits and lead incredibly privileged lives enjoyed by only the top 1% of society. You can't make this **** up. College football is so flawed, like look in the mirror once in a while and realize how stupid you look. I'm at the point where I'm personally insulted by these pleas for donations. What's next, Sally Struthers infomercials showing the destitute of these poor, suffering athletes featuring Sarah MacLachlan music?

F*ck NIL.

 

[GrimReaper]

A guy making $10M a year working for a program that has $200M in annual revenues asking the general public (average salary $60k) for money to pay players. Players that already receive well over $100k a year in annual benefits and lead incredibly privileged lives enjoyed by only the top 1% of society. You can't make this **** up. College football is so flawed, like look in the mirror once in a while and realize how stupid you look. I'm at the point where I'm personally insulted by these pleas for donations. What's next, Sally Struthers infomercials showing the destitute of these poor, suffering athletes featuring Sarah MacLachlan music?

What's next? Ali Krieger hittin' us up to help pay for the stadium renovations. Weren't you impressed by her statement to the Board in support of the project? Break out the check books, motherfu@xers.

 

[PSUJam]

What's next? Ali Krieger hittin' us up to help pay for the stadium renovations. Weren't you impressed by her statement to the Board in support of the project? Break out the check books, motherfu@xers.

 

[BobPSU92]

Dear Lord. What sort of world do I live in?

 

[GrimReaper]

Dear Lord. What sort of world do I live in?

Hope for the best because there is no preparation for the worst.

 

[BobPSU92]

Hope for the best because there is no preparation for the worst.

Sh|t. It can get worse?

 

[SleepyLion]

Sh|t. It can get worse?

Everytime there is vote.

 

[GrimReaper]

Sh|t. It can get worse?

Remember when you posted something to the effect that we may look back on the Barbour regime as the golden days? Might turn out to be no joke.

 

[PSUSignore]

F*ck NIL.

I have no problem with NIL. This isn't NIL.