Beilein is well-endowed
The Athletic Dept. announced that the men's basketball head coach position has been endowed by David and Meredith Kaplan for $7.5M.
The position will be named the David and Meredith Kaplan Men's Basketball Head Coach.
http://www.mgoblue.com/sports/m-baskbl/spec-rel/061517aaa.html
I just hope for his wife's sake he lasts longer than Pitino.
The Michigan Difference?
/correctly guessed Maizen did not start topic
Sent from MGoBlog HD for iPhone & iPad
/looks at thread title
/assumed Maizen stood next to Beilein at the urinal
I'm sitting next to my wife as I read this, and now I have to explain, in detail, why I can't stop laughing.
i guess he can't bitch about JB's salary anymore, since he has a couple friends picking up the tab.
Pigs........all of you pigs I say
Can't get over how dumb this shit is. It's nice to give money and all, but don't be an asshole and put your name all over everything. You're eventually going to die, and nobody will remember you in time anyway.
Seriously. What's with the hubris of some people. Like we're supposed to truly give a shit more about you because you have money. I get it, money rules and people that have it have power. But fuck off. It all ties into this shit nowadays about growing one's "brand". God that phrase kills me. Like just live your live, do good things, and quit thinking we're supposed to ooogle over your name as the ages go as some legendary being that those who walked with you were just lucky to be in your company. Again, live, do good, don't be bad, and if you're good enough your name will live on. Don't throw money and force your name into be some beacon of greatness it probably isn't (and your kids and their kids sure as fuck won't be).
And the jeers continue to rain in from the cheap seats. Bad take.
You should be thanking them profusely for their donation that helps support championship level teams and leaving it at that. If you want to field athletic teams that can compete at the highest level, these sort of gifts are what it takes. Should Ross have not given over $300mm to the university becasue his name is on the business school and athletic campus? It's really no different, and in fact these offical coaching titles get mentioned far less.
It's actually the Edward J. Frey Dean of Business and Stephen M. Ross Professor of Business.
https://michiganross.umich.edu/faculty-research/faculty/scott-derue
I suppose we should take the names off players' jerseys too, I guess. Or perhaps get rid of the Halls of Fame, take down championship banners, etc.
Egos exist. Some people choose to have them stroked in recognition of their economic or athletic prowess. Oh well.
Come on. These people are throwing tons of cash to support MIchigan Atheltics. I doubt that these people are "assholes," and I am sure that they are aware that they are going to die. That is why they are leaving a legacy by endowing the basketball coaching position at the University of Michigan. And yes, someone will remember them - namely the person who coaches at Michigan and who, at least in part, is paid with their money. Oh, and the AD who is able to take the money that would have been spent on the basketball coach and spend it on something else - like facilities, other coaches, and so on.
I live in Grand Rapids and everything downtown here has someone's name on it - DeVos, Van Andel, etc. Doesn't bother me one bit. I grew up here and there wasn't a whole helluva lot going on. Few random bars and restaurants scattered all over. Once those guys threw $$$$ at an arena, convention center, medical institutions, satellite Grand Valley State campus, the downtown area started thriving. Now there are great bars and restaurants, cultural events all the time, all over town. So if the Kaplans want to endow this, then more power to them if it gives UM any kind of advantage. Or even if it doesn't.
Don't forget Meijer Gardens in Grand Rapids. Love that horse. Only other one is in Milan, Italy.
I don't understand why people get bent out of shape about this stuff. The only time they're referred to by their endowed names are in MgoBlue press releases. It's not like broadcasters are calling them by these names.
There's plenty of times when tradition trumps money in Michigan sports (see Chobani and Kraft Noodle). This isn't one of them. Take the easy cash, and just glance over the stupid name if you read press releases.
Hello, it is I, David and/or Meredith Kaplan.
http://mgoblog.com/mgoboard/ot-you-just-won-447-million-lotto-what-do-y…
If anything, I'd say it's a partial endowment. I thought the idea behind an endowment is that you live off the interest. Even if we invest that $7.5M with that Asadullah guy everyone keeps talking about (you know, Samir's friend,) that's what, $750K per year, tops. Beilein is making >$3M in total salary. How much of that does the University pay and how much is shoe money?
"He said his endowment was huge, 7.5! Turns out, that wasn't enough endowment to do the trick. Like throwing a keilbasa through a conference center..."
Per this 2015 MLive article his base salary is $400k. Don't know what else (other than bonuses) Michigan is shelling out but that's a pretty good start on a, um, full endowment.
http://www.mlive.com/wolverines/index.ssf/2015/11/john_beilein_contract…
May need NSFW tag.
For some reason that I can't really explain, this only strengthens my resolve to one day ask my alma mater what the going rate is for endowing a bathroom on Central Campus. I feel that bathrooms are horribly underrepresented in the endowment game.
I am horribly underrepresented in the endowment game.
Start a GoFundMe page and lets get this done.
"The LSA Think n Stink 9000" Your shit belongs in my toilet, not on my blog
Where I went to graduate school, an alumnus named Falik (pronounced phallic) endowed one and made them label it the "Falik Men's Bathroom."
this endowment is good for. I only ask becasue I was thinking of giving 8 million to have it called the Kevin13 head coach. Guess I will just have to spend it on woman and blow....
Yeah, it's all this new stuff, dammit! Not like the good, old days, when Carnegie and Rockefeller were salt-of-the-earth kinda guys like us, and they knew they'd be forgotten, so they didn't bother to brand anything . . . oh. Never mind.
What would be REALLY cool would be if some alUM with a pile of money endowed a coach at Staee. Maybe the University of Michigan Quidditch Coach at The Michigan Staee? It'd only take a million, half a mill for an assistant coach.
http://spartanfund.net/ways-to-give/endowments/coaching-endowments/
He's got subs. It's crazy.
That's pretty cool.
If I am ever in a position to do this, I will endow the English Department (even though I was an Economics grad, it is the tradition of Auden, Roethke, Hayden, Hall et al. I admire most about Michigan.)
The MFA program is all set, too.
A Theodore Roethke reference?! And from an Econ grad? An Auden, Roethke, Hayden, Hall reference?! See, THIS is one reason I love MGoBlog. It's more than the usual You're-mean-oh-yeah-well-you're-stupid sports blog.
And one reason I love the University.
you can just send your money to Andre McGee c/o the UL basketball program. His paypal address is: [email protected]
Because why have a money cannon if you can't use it for stuff like that?