DAX!!!!

[meow meow]

KU's football profit should go up next year since they have the lowest paid coach in the Big 12, and aren't spending money on their facilities, other than new turf. #TSCsilverlining

[OregonSmock]

The profit argument is so dumb, and just goes to show how delusional your average 'tater really is.  Let's say Person A makes $1 million/yr, while person B makes $40,000/yr.  Person A spends $990,000 on a new Ferrari and a new yacht, while Person B lives like a monk and puts half of his income into an IRA.  Well, Person B would have a higher profit ($20,000) than Person A ($10,000), but that wouldn't mean that Person B is better off financially.  It just means that Person B doesn't spend as much (or make as much).  It's the same with KU and K-State.  KU makes a crap ton more money than K-State, and spends a crap ton more money than K-State.  Every single one of you would rather make $98 million/yr instead of $73 million/yr.  Quit being so damn disingenuous.  Sheesh.

[#LIFE]

I'm just happy we don't have an eroding piece of concrete overflowing with piss

[sonofdaxjones]

K-State athletics is going to spend over $110 million dollars on stuff this year. 

#beemslogic

[OregonSmock]

K-State athletics is going to spend over $110 million dollars on stuff this year. 

#beemslogic

How deep will that put K-State into the red, 'Pad?  Can't wait to hear the excuses on that one.

[sonofdaxjones]

You'll never understand how this all works.  It's amazing how dense Phogistan is on this topic.

K-State isn't borrowing any money for Vanier 2.0 Beems.   How often does this need to be explained?   The largest all private money/in-house funded athletic facilities project in KBOR school history (its not even close)

K-State also paid nearly $40 million straight out of pocket for the WSC, they borrowed $53 million, it cost $89 million.  The most expensive single athletic facilities project in KBOR school history. (its not even close)

[meow meow]

The profit argument is so dumb, and just goes to show how delusional your average 'tater really is.  Let's say Person A makes $1 million/yr, while person B makes $40,000/yr.  Person A spends $990,000 on a new Ferrari and a new yacht, while Person B lives like a monk and puts half of his income into an IRA.  Well, Person B would have a higher profit ($20,000) than Person A ($10,000), but that wouldn't mean that Person B is better off financially.  It just means that Person B doesn't spend as much (or make as much).  It's the same with KU and K-State.  KU makes a crap ton more money than K-State, and spends a crap ton more money than K-State.  Every single one of you would rather make $98 million/yr instead of $73 million/yr.  Quit being so damn disingenuous.  Sheesh.

Except in this example, Person A isn't buying a Ferrari or a yacht, they are tearing out old carpet and buying new carpet, and they fired their gardener, and hired the Kroger brand gardener.

[EMAWican]

KU is the couple that buys a grody 100-year-old mansion because it has "character and charm and tradition" for $500,000 and then spends another $500,000 just to keep the toilets and lights half-ass working, tear out the asphalt walking path in the backyard and replace it with green outdoor carpet, and prevent the entire mansion from collapsing. 

K-State is the couple that builds a brand-new state-of-the-art glimmering mansion for $800,000 and spends $150 to keep it looking swell.

[kslim]

im not a financial major but i have heard of equity in my lifetime

[OregonSmock]

K-State owes almost $80,000,000 in long-term debt, 'Pad.  KU's is around $47,000,000.  Keep digging.

[Trim]

K-State spends too much on sales and marketing.

[bubbles4ksu]

K-State owes almost $80,000,000 in long-term debt, 'Pad.  KU's is around $47,000,000.  Keep digging.

OT: How much would KU have to spend on Memorial to not have the worst arena in the conference?

[The Big Train]

beems, if you make so much money and spend so much money, why is your stadium an overflowing toilet(thats not a joke, like the plumbing overflows and you have to walk in piss)?  i mean if you make so much money, and can spend almost all of it, why not put it into the sport that makes the most money at every single other school than ku?  if you did this, then wouldnt it be fair to say that you would make more money, and in turn, could spend even more money?

[kslim]

K-State owes almost $80,000,000 in long-term debt, 'Pad.  KU's is around $47,000,000.  Keep digging.

never heard of it, that will be paid off within a few years.

[EMAWican]

I, for one, would much rather own a 1974 Ford Pinto that was completely paid for than a brand-spanking shiny new 2015 Corvette Z06 that I had to pay off for the next three years.   

[meow meow]

Where's the Ferrari's and Yachts beems?

[The Big Train]

Where's the Ferrari's and Yachts beems?

enclosed in glass in a building attached to AFH

[kslim]

Where's the Ferrari's and Yachts beems?

they are building parking garages/tailgating spots for them as we speak

[meow meow]

I'm just saying, if I were a KU fan, I am wondering how KU can spend that much on athletics, and at the same time be the laughingstock of college football with the worst facilities in the Big 12.  Is Lew Perkins still stealing money?  It's going somewhere is all i'm saying.

[kslim]

I'm just saying, if I were a KU fan, I am wondering how KU can spend that much on athletics, and at the same time be the laughingstock of college football with the worst facilities in the Big 12.  Is Lew Perkins still stealing money?  It's going somewhere is all i'm saying.

do you know how much money it cost for the rules of basketball to be encased in glass?

[Cartierfor3]

Ok so we all agree Bill Self's salary and rectuiting budget is money that is well spent for ku but I can't figure out where the rest goes.

[The Big Train]

you would think rock chalk park but we all know ku didnt pay for that so i have no idea

[OregonSmock]

KU has more athletic programs than K-State and spends more on its recruiting budget.  They're also building luxury apartments for the basketball team along with the DeBruce Center, which will house Naismith's original rules of basketball.  New facilities are being built all over campus and the football stadium will be addressed in the coming years. 

[The Big Train]

KU has more athletic programs than K-State and spends more on its recruiting budget.  They're also building luxury apartments for the basketball team along with the DeBruce Center, which will house Naismith's original rules of basketball.  New facilities are being built all over campus and the football stadium will be addressed in the coming years.

beems this was 5 years ago

The plan is still in the works, but construction won't get started until probably next year.

[sonofdaxjones]

$80 million dollars in long term debt for $190 million dollars in facilities improvements.    Huge private money flowing in.

Will take!   

At one time ku had over $70 million dollars in debt and it bought about $85 million dollars worth of facilities improvements.  Ah, not so much private money flowing in, and that doesn't include the $7 million dollar no interest loan that was taken out on top of the bonds for the AFC.

K-State