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ODU sets fundraising record, raising $8.12 million in 2015

Cerebus

By Cerebus
in Mean Green Football

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Cerebus Experienced

Cerebus

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ODU sets fundraising record, raising $8.12 million in 2015

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Old Dominion officials announced Saturday that they set an athletic fundraising record in 2015, bringing in $8.12 million from private sources.

That’s nearly 10 percent more than the school raised in 2014, officials said during a ceremony at halftime of ODU’s basketball game against Marshall. The school’s athletic endowment also increased about $2 million to $21 million.

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Selig said the Old Dominion Athletic Foundation, ODU’s private fundraising organization, agreed to fund whatever the school decides to spend on the full cost of attendance.

ODAF also pledged to fund at least 45 percent of ODU’s athletic scholarships in 2016-17 to help the school adhere to the new law capping student fees.

“Our donors have agreed to shoulder two very significant commitments,” Selig said.

For those of you keeping score, that means ODU's AD has raised over 15 million dollars in the last two years, and is on schedule this year to raise another 10 million.  

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untjim1995 Grand Master

untjim1995

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In contrast, we are keeping Tony Benford to coach a 5th year here because we can't afford to buyout his $325k salary in his contract year...ODU has played one season as a FBS program...we just finished our 21st season back at the FBS level, with the same AD for the last 15 years.

How anyone can defend this, or even support this, is just mind-boggling to me.

 

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Harry Grand Master

Harry

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2 hours ago, Cerebus said:

ODU sets fundraising record, raising $8.12 million in 2015

For those of you keeping score, that means ODU's AD has raised over 15 million dollars in the last two years, and is on schedule this year to raise another 10 million.  

Glass half full response = Can we count our buyouts towards "fundraising"?  If so I would say our percentage increase is higher than 10% from one year to the next. :Yes:

Wag Tag Grand Master

Wag Tag

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9 minutes ago, Harry said:

Glass half full response = Can we count our buyouts towards "fundraising"?  If so I would say our percentage increase is higher than 10% from one year to the next. :Yes:

Mc $1.5 to $1.7million buy out! Is that fundraising? Yep!

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Harry Grand Master

Harry

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Just now, Wag Tag said:

Mc $1.5 to $1.7million buy out! Is that fundraising? Yep!

I thought it was 2.4 but may be wrong... perhaps Mac will get another job to offset it but I wouldn't hold my breath...

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emmitt01 Grand Master

emmitt01

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11 hours ago, Mean Green Matt said:

If we are being really, really honest with ourselves that happened a long time ago. Their football season ticket base dwarfed ours even when they were FCS. 

Hard to pinpoint when they passed us by, but 15 years ago sounds about right

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GrayEagle Veteran

GrayEagle

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12 hours ago, Mean Green Matt said:

If we are being really, really honest with ourselves that happened a long time ago. Their football season ticket base dwarfed ours even when they were FCS. 

True, and their revenue is the highest in CUSA by more than $10 million.  But, if they can't win consistently in their new conference then look for their 20,000 season ticket sales to diminish substantially.

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UNT90 Newbie

UNT90

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23 hours ago, Cerebus said:

ODU sets fundraising record, raising $8.12 million in 2015

For those of you keeping score, that means ODU's AD has raised over 15 million dollars in the last two years, and is on schedule this year to raise another 10 million.  

Real ADs do their job.

This is "why not North Texas?"

20 hours ago, Harry said:

Glass half full response = Can we count our buyouts towards "fundraising"?  If so I would say our percentage increase is higher than 10% from one year to the next. :Yes:

Why do you assume the buyout was done completely with donor money that was donated specifically for the buyout? Serious question.

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GrandGreen Grand Master

GrandGreen

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Conflicting stories, the great 17 paid for Mac buyout and NT doesn't have any money because of the buyout.   My guess, good old NT is paying the vast majority of the buyout out by the month.  I wonder if they even tried to negotiate a settlement.  

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GrayEagle Veteran

GrayEagle

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I'd heard that the buyout was to be paid in contract year segments.  In other words if there were three years left to go on his contract that there would be three separate payments in each of the three years.  I believe that the total buyout was 2.1 million dollars.

I don't know if any or part of the 17 are paying (or merely guaranteeing) the buyout amount.

Travis Mentor

Travis

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I tend to wonder what we could be with new leadership that has a different philosophy. This isn't working. And all we are seeing is so much more of the same. How much longer?

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letsgiveacheer Rising Star

letsgiveacheer

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On 5/14/2016 at 0:20 PM, GrayEagle said:

True, and their revenue is the highest in CUSA by more than $10 million.  But, if they can't win consistently in their new conference then look for their 20,000 season ticket sales to diminish substantially.

ODU will sort this out in due time and become a CUSA contender.

When I left Norfolk in 1971, ODU's main rival in basketball was the Philadelphia Textile Weavers while we were playing Memphis, Cincinnati, Louisville, etc. Since that time, they have won 28 NCAA national championships in a variety of sports and have the highest athletic budget in the conference by a wide margin.

I would say they passed us by many years ago.

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UNT90 Newbie

UNT90

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7 hours ago, Travis said:

I tend to wonder what we could be with new leadership that has a different philosophy. This isn't working. And all we are seeing is so much more of the same. How much longer?

Till the Hattiesburg Hustler decides he wants to leave. UNT doesn't care about athletics, so they will never make a change. The big donors care more about a man than a program, so they will never make a change.,

Sadly, the extremely few fans left for UNT athletics will have to wait until the Hustler decides to leave. That could be 5 more years. Just in time for UNT to take its rightful place in the lower tier of FCS football. 

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Travis Mentor

Travis

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On May 15, 2016 at 4:35 PM, UNT90 said:

Till the Hattiesburg Hustler decides he wants to leave. UNT doesn't care about athletics, so they will never make a change. The big donors care more about a man than a program, so they will never make a change.,

Sadly, the extremely few fans left for UNT athletics will have to wait until the Hustler decides to leave. That could be 5 more years. Just in time for UNT to take its rightful place in the lower tier of FCS football. 

Living in Boise now, I have slowly lost my fervor for UNT. And watching how BSU does it truly disappoints me with this leadership. The president has to act soon. I am tired of being a joke. 

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Aquila_Viridis Rising Star

Aquila_Viridis

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This is a timely first. As it happens, yesterday on Walnut Grove Road here in Memphis I drove by a house flying an Old Dominion flag out in front of it. I had never seen one before.  I have flown a North Texas flag before, but not these days. Still, even though my daughter wanted to go to college in a city (didn't happen), VA was one of the states on her 'preferred' list (didn't happen), and she could have got a scholarship there (did happen - War Eagle!), she would not go to tour Old Dominion; one reason cited was that the name had the word 'Old' in it.  Well, they're never going to get past that.  She wouldn't tour NT either though, despite the same positive factors. There was just too much impression of failure from sporting events attended over many years. (NT did have the distinction of providing the brochure with by far the largest footprint of any college we got such things from. It was well produced though.) As others have mentioned, it seems NT will get their plenty of students anyway, mostly the ones without much spirit. For the few that do, they have signed up for a difficult road. I don't think NT's going to be converted into anything else. At this point they just need to own the whole comedy thing and probably use the 'Green' thing to capitalize on the 'growing' marijuana industry. Instead of Mean Green, let's go with Funny Green, or Soylent Green...

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