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Thread: Wrestling endowments

  1. #19
    Olympic Champ RYou's Avatar
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    Default Re: Wrestling endowments

    Quote Originally Posted by WrestlingTerp View Post
    That's pretty close. The good fathers took advantage of a benefactor's widow.

    No guarantee of not getting cut. But when decisions are made the self-sustaining program has a better chance of survival. Didn't help Marquette either. They were fully self-sustaining.

    When I hit a big Powerball and can then fully endow Maryland's program I'll make d#&m sure that, if wrestling is dropped, they also lose the money.
    Hey Terp, NJ has the Mega Millions which is now over $200 M. I'll make a deal with you. If I hit the Mega big one, I'll take care of both Rutgers and Maryland, if you'll do likewise. I kinda suspect Title IXers are going to make sure we also do same for some female sport. But if it's $100 mil, who cares it'll be a tax write off anyway, so it's only going to cost 62% of the actual amount ( or less if Obama gets hold ohas anything to say).

    PS, I'll add the stipulation if wrestling is dropped, so to is the money that female sport.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  2. #20

    Default Re: Wrestling endowments

    Quote Originally Posted by gg121and2 View Post
    Iowa endows at least parts of 7 scholarships. Most of that is the work of Bob Bowlsby so you have to think that Stanford will move in that direction.

    Folks - I don't really know the point of this thread - but if we worked our butts off (Isn't that a wrestling trait?) couldn't we endow far more wrestling programs?
    I believe Mr. Carver had much to do with Iowa's finances.

    It is more accurate to say we need to work to endow scholarships. Endowing an entire program is likely out of reach for many schools. Our goal at Maryland is to work to at least get a foundational number of scholarships endowed. Even if it is only 3 o4 4 that can help insure a program's survival. The key is trying to find those that are in a position to help. Our current going rate to endow a scholarship is about $400,000, though I expect that to rise very soon.

    Unfortunately we are a bit hamstrung at Maryland due to the, umm, actions of a now deceased coach. We have a lot of former wrestlers who could be in a position to assist us who are very bitter about their experiences 40 or more years ago.

    Hopefully our renewed success will bring some of them back into the fold.
    "Strange women lying in ponds distributing swords is no basis for a system of government!?

  3. #21
    World Champ ODH's Avatar
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    Default Re: Wrestling endowments

    Quote Originally Posted by gg121and2 View Post
    Iowa endows at least parts of 7 scholarships. Most of that is the work of Bob Bowlsby so you have to think that Stanford will move in that direction.

    Folks - I don't really know the point of this thread - but if we worked our butts off (Isn't that a wrestling trait?) couldn't we endow far more wrestling programs?
    I have a very personal reason, Coach Layte is planning on trying to endow wrestling at MIT and the initial figure I have heard is thT he needs to raise $3 million in three months, seems like an awful lot for DIII team, that does almost all of its travelling in a van.

  4. #22
    Olympic Champ RYou's Avatar
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    Default Re: Wrestling endowments

    Quote Originally Posted by ODH View Post
    I have a very personal reason, Coach Layte is planning on trying to endow wrestling at MIT and the initial figure I have heard is thT he needs to raise $3 million in three months, seems like an awful lot for DIII team, that does almost all of its travelling in a van.

    $3 M is nothing considering you are not endowing scholarhips. At 5% the $3 mil gets them $150K annually for coach traveling expense and facility overhead. Peanuts for some that have come out of MIT.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  5. #23

    Default Re: Wrestling endowments

    Quote Originally Posted by RYou View Post
    Hey Terp, NJ has the Mega Millions which is now over $200 M. I'll make a deal with you. If I hit the Mega big one, I'll take care of both Rutgers and Maryland, if you'll do likewise. I kinda suspect Title IXers are going to make sure we also do same for some female sport. But if it's $100 mil, who cares it'll be a tax write off anyway, so it's only going to cost 62% of the actual amount ( or less if Obama gets hold ohas anything to say).

    PS, I'll add the stipulation if wrestling is dropped, so to is the money that female sport.
    Hmm, the RYOU Super 32 Challenge has a nice ring to it
    Super 32 Challenge - October 26-27, 2013

    "Good things happen when you wrestle for a full seven minutes." -- Jayson Ness, post-finals press conference

  6. #24
    Olympic Champ RYou's Avatar
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    Default Re: Wrestling endowments

    Super 32 Challenge

    I dunno, 32 kinda infers a limitation.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  7. #25
    Olympic Champ RYou's Avatar
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    Default Re: Wrestling endowments

    ......and you would have to lengthen the periods
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  8. #26

    Default Re: Wrestling endowments

    Quote Originally Posted by RYou View Post
    Super 32 Challenge

    I dunno, 32 kinda infers a limitation.
    Yeah, those are the kind of tournaments that I used to place in.......33rd!

    Ryou, let?s place a threshold on our magnanimity. Say anything over $100 million we can help each other. After all the $65 million for the current Powerball ain't worth as much as it once was!
    "Strange women lying in ponds distributing swords is no basis for a system of government!?

  9. #27

    Default Re: Wrestling endowments

    Quote Originally Posted by WrestlingTerp View Post
    I believe Mr. Carver had much to do with Iowa's finances.

    It is more accurate to say we need to work to endow scholarships. Endowing an entire program is likely out of reach for many schools. Our goal at Maryland is to work to at least get a foundational number of scholarships endowed. Even if it is only 3 o4 4 that can help insure a program's survival. The key is trying to find those that are in a position to help. Our current going rate to endow a scholarship is about $400,000, though I expect that to rise very soon.

    Unfortunately we are a bit hamstrung at Maryland due to the, umm, actions of a now deceased coach. We have a lot of former wrestlers who could be in a position to assist us who are very bitter about their experiences 40 or more years ago.

    Hopefully our renewed success will bring some of them back into the fold.
    It's true that Roy Carver pumped a lot of money into Iowa wrestling - especially the Hawkeye Wrestling Club. However, most of the endowed scholarships come from other donors (including Gary Kurdelmeier's family) and were generated by the Hawkeye Visions Endowment Program, which was headed up by Bowlsby and the U of I Foundation.

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