From Portage Northern.
Dave Brandon creates the future
The article is short, give it a read. I'll post some quotes from it, though, and save my personal comments for a post below.
Brandon said that the department expects to incur about $145.9 million in expenses, giving it a surplus of about $5.2 million.
"Our projected surplus will be a little below previous years, but we'll be ample and our operating surpluses will be reinvested in the facility plans we have (over the next four years)." [Brandon]
Salaries, wages and benefits of department employees account for the largest year-over-year increase. The department budgeted an increase of $3.6 million in salaries for department personnel, making it the largest expanse at $53.2 million.
Team and game expenses are expected to increase to $23.9, up $1.4 million from the previous year, and "other operating and administrative expenses" are projected to increase by $1.1 million.
Nearly $20.4 million is budgeted for financial aid scholarships for student-athletes.
Emphasis mine in the last block quote.
Hoke had a sit-down with reporters today. Invitations were extended to the Freep, Detroit News, MLive, Scout, Rivals, buttttt
Surprise! The Daily was not invited to Hoke's pow wow with reporters.— Zach Helfand (@zhelfand) February 3, 2014
I wonder what that is about?
The Portland Business Journal did a study of apparel contracts in major college programs, and to little surprise, our deal with Adidas is the most lucrative ($8.2 million per year between cash and equipment). There's a pretty good article that links to the three articles that came out of the study itself, as well as a searchable database of all of the contracts and related documents they managed to get from various schools. You can use the search box at the bottom to get the details of Michigan's contract.
- Michigan's contract with Adidas expires 7/31/16
- We already knew this, but if another school signs a contract with Adidas worth more money, Adidas agrees to automatically bump Michigan above it.
- It also includes a very interesting PDF copy of Brady Hoke's coaching contract. Check out the matrix of incentive bonuses, as well as the buyout clause at the end.
Overall, some interesting stuff here, if not an indictment of just how much money is floating around college athletics these days.
A diatribe at Detroit Sports Rag gained some RTs on twitter (though it may be excessively derisive). Recently-realized WARNING: Brian hates this writer (read Brian's 2005 column here). Just like in 2005, I'm not sure if everything is 100% accurate -- he talks about how DB worked for Bain Capital, when I believe DB was merely hired by a headhunting firm to head up Domino's (who was owned by Bain).
Because of Michigan’s status as a public university, Michigan residents can get rid of this eyesore of Ann Arbor next fall. In the spring, when the major parties announce their candidates for Regent, ask the candidates if they will support someone who believes himself to be bigger than the university he swears to love? If the candidate supports Brandon, vote the other way. Enough is enough. It’s time to put someone in charge on South State Street who can relegate their self promotion to the backseat, behind the greater good of the Michigan Athletic Department. Until then, Michigan fans will continue to be nickel and dimed – with all of it being siphoned into David Brandon’s bank account.
[Also of note, Brian was on DSR's podcast on December 4th: http://detroitsportsrag.net/dsr-podcast-with-mgoblog-dombrowski-presser/#more-1935 .]
The Michigan Daily, which has always done a great job profiling athletes from UM, has taken on the task of writing about everyone's favorite AD, and wrote an article on Dave Brandon.
When: June 5th, 6-9pm
Where: Chicago Marriott Downtown Magnificent Mile. 540 N. Michigan Avenue, 5th floor ballroom.
Cost: $40 for Alumni members, $55 for non-members.
The Coaches Tour returns to Chicago June 5th. Come enjoy a night out with fellow Alumni, as Brady Hoke, John Beilein, Dave Brandon and other speakers talk about their plans for the 2013-2014 seasons. A silent auction will take place at the end of the night, featuring one of a kind Michigan items.
Last year was the first year I attended and it was a blast. Come out and have a great time listening to out fearless leaders from the gridiron and the hardwood, as well as Dave Brandon's vison of the future.