I heard from a good contact today that UR has hit a wall with donors on the practice facility. I guess they'll just have to go back to Queally and get him to fund whatever is left to be raised.
Fundraising Problems
- Thread starter MolivaManiac
- Start date
Any particular reason why? It seems like 80% of it was raised as of last December and Hardt said it was on schedule to be built sometime this March.
Core donors are disinterested in giving more money to the program. They will count on Queally and their handful of big fish to get it done. We should just have built the new Robins Center large enough for Queally, his designer dogs and a handful other, select supporters.
Simple solution -- announce that Thin Skin won't be retained. I bet that gets them over the hump and then some.
This would be a good topic to raise with Hardt next time he's on the air. You won't even have to mention the coach situation and you'll probably get a decent read.
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Gee, I wonder why a lot of fans/donors don't want to give money right now. Hmmm. I just can't understand why.
that's a big presumption.
we announced the facility when it was only half funded. I'm sure they had contacted all core donors to fully fund it before the announcement. they got what they could.
some thoughts from Mo and others in the following thread were very foretelling. this was never a done deal. probably a long shot though we didn't fully realize it.
https://richmond.forums.rivals.com/threads/putting-up-your-money-for-the-cause.10455/
Good link. Thanks.
FWIW, I believe this gets done and now but its because the big fish will kick in more.
What was interesting was to hear that the general fundraising among core donors is collapsing. I didnt seek out that information. A client of mine walked into my office this afternoon and told me.
I’m sure the amount of fans/donors who are not happy with the state of our program right now out number those who are okay with it like 50:1.
This might just be one way - just like emailing Hardt or not showing up to games - to try and get through to Hardt that a coaching change needs to be made.
This might just be one way - just like emailing Hardt or not showing up to games - to try and get through to Hardt that a coaching change needs to be made.
could it have been set up to fail?
I'm still of the belief that a Mooney buyout would have to be donor funded. I know some here believe the school writes a check, but I disagree.
if so, does trying to raise funds for a facility AND a buyout together make it impossible to raise enough funds for either?
I'm still of the belief that a Mooney buyout would have to be donor funded. I know some here believe the school writes a check, but I disagree.
if so, does trying to raise funds for a facility AND a buyout together make it impossible to raise enough funds for either?
Hardt said on Black and Drew October 3rd, 2018 that $13.5-14 million of the $16 million for the facility has been fundraised already. This leaves a difference of about $1.5 million. This was as of 3.5 months ago.
If Mooney's buyout contract is $3.2 million (total for the 3 years) and let's say we pay the next coach $700K and use the $500K saved to help buyout the contract, then Mooney's buyout would be ($3.2 million - (3 * $500K) ~ $1.7 million.
So between what's left to fundraise for the facility and to realistically buyout Mooney's contract, it would be $1.5 million + $1.7 million or about $3.2 million.
I feel confident in saying that our core donors can easily do that. Now in order to buyout the contract, Hardt needs to be willing to fire Mooney first. The one big donor that I know isn't happy with how our basketball program has been going under Mooney. I can only image others feel the same way and are showing that displeasure by withholding funds until Hardt makes the obvious decision.
I think Moliva has a bit of cred here...just an observation. Why would he post a new thread to say this? Probably has been here longer than most anyone.
We would be better off buying out Mooney, then just fund raise the difference.
The dow was up 2% today, so guessing PQ and core donors can skim 3 mill.
The bigger picture is it sounds like the level of disgust with moon dog is very high and before long Hardt will feel the pressure and slink over to PQ and have "the talk".
The dow was up 2% today, so guessing PQ and core donors can skim 3 mill.
The bigger picture is it sounds like the level of disgust with moon dog is very high and before long Hardt will feel the pressure and slink over to PQ and have "the talk".
Ulla is a good guy. He is just a little confused. It's OK.
Now i have been called a douche and a liar by truthers this week. Can VT4700 call me a name so i can hit for the "Truther Cycle"?
#LifeGoals
Now i have been called a douche and a liar by truthers this week. Can VT4700 call me a name so i can hit for the "Truther Cycle"?
#LifeGoals
I don't think they would have broke ground and do all of the utility work that they're doing now without a guarantee that it was going to get done. They might not be able to cover any overages without some help, but the thing about UR is that they don't start something if they know it won't get done. I'll ask my wife if she's heard the same rumblings.
Good point wr70beh
Cynthia Price, director of media and public relations said in a Collegian Article posted 11/30/18 that "Preliminary work on the Well-Being Center and the Queally Athletics Center has started, but building construction is scheduled to start in spring 2019 and expected to finish by summer 2021" Hardt also mentioned something similar on Black and Drew in December.
Article: https://www.thecollegianur.com/arti...construction-projects-across-campus-continues
As a matter of fact, preliminary work for the facility/wellness center i.e. laying the groundwork and putting in pipes, etc. began as early as October of last year. Here is an article showing picture and video regarding one of the pipes bursting where the facility is going to be built
Article: https://www.thecollegianur.com/article/2018/10/mawf8hthuyx63fb
So even if funds aren't 100% procured a this point, this facility/wellness center will be built.
To be clear, at no point on this thread did I say the facility would not be completed.
I was told that (non Queally) fundraising is collapsing. And I have no reason not to believe it.
I was told that (non Queally) fundraising is collapsing. And I have no reason not to believe it.
Sorry if it came across as such. I just wanted to put the article out there as general information regarding the facility, not to try and refute a point you never suggested.
To your other point, I believe you and I am not surprised to see the fundraising decrease. As fans and donors we need to make our voices heard somehow. For people like me who have no significant money, it’s writing emails to Hardt. For bigger donors, it’s closing their checkbook. I just hope this all gets through to Hardt who can make the right decision come March
Yes it will get done one way or the other. It will get done, but not with donor money. There is plenty of money stowed away in the endowment with which to save face.
A "wellness center" is going to be required by the time it's built two years from now.
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Sman, I know you think a buyout has to be donor funded and not from the university but they really aren’t mutually exclusive. Obviously the university would prefer not to pull funds that are essentially held in reserve but it’s not like we only have the annual operating budget or the endowment. Pretty sure we have a savings account somewhere.
If they want to buyout his contract, they won’t have to go panhandle donors. Although I’m sure that if certain large donors want it to happen, the university will tell them to pony up.
Unless a settlement is reached, you generally don't simply pay a fired coach the total amount he is owed in a lump sum.
It's paid out monthly, over the life of the contract, just as if he was working. Benefits aren't paid. When that coach gets a new job, our obligation decreases by however much he's making in his new position.
That ensures budget stability and consistency.
And there are generally contract stipulations that the salary at the new job must be at industry standards. So, a program can't hire some fired guy for $1 a year and have his old team paying his entire salary.
It's paid out monthly, over the life of the contract, just as if he was working. Benefits aren't paid. When that coach gets a new job, our obligation decreases by however much he's making in his new position.
That ensures budget stability and consistency.
And there are generally contract stipulations that the salary at the new job must be at industry standards. So, a program can't hire some fired guy for $1 a year and have his old team paying his entire salary.
There, we can stop using this as an excuse now, thanks Wood.
I say we partially shut down the school administration until the practice facility walls are funded.
Ditto! And for suffering through all those home FB games and now more losses by MBB, season ticket holders deserve big discounts if they want us to buy again. Won't give us that, but Ticket Office better be prepared for a lot more "NOs" to renewals going forward. Unless we see some changes in coaching staffs in both sports, only answer they'll understand is less $ in donations and ticket sales.
How much does Monacan H.S. pay?
All good points, but again......who's going to hire him? He's not in high demand, no matter how many TV announcers call him an "elite coach." Maybe DIII - but that's not going to put a huge dent in the buyout.
Jim Miller was smugly yukking it up with Bob Black about renegotiating Wainwright's buyout just to get rid of him - after deflecting all responsibility for the predicament we're in now. Classy. Well, the coach we accepted less money to jettison had a better record here than the coach currently making seven figures.
If he's fired, he'll be an assistant someplace, if not a head coach, or an A-10 TV analyst, like John G of La Salle. Guys with his resume, and success not that far in the past, don't just disappear.
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