Why does Nebraska need $3M per year for shoes? At $100/pair that's 30k pairs per year?
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@jaybate-1.0 Is Imelda Marcos still alive? Maybe she could answer that one for us!
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We might get to see a lot of good deals on slightly used shoes being sold by starving Nebraska players, I mean, I guess these student athletes need the money.
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Didn’t we have some Jayhawk staff busted for selling gear a few years ago?
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@drgnslayr I think so!
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THE Ohio State got in big trouble with the NCAA because players were trading free athletic gear and memorabilia given to them for tattoos…
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Yes. Because the athletic department staff (including administrative staff, student assistants, etc.) usually get some gear, the temptation is pretty high to sell that. That’s why I included two pair of casual shoes - in almost every department, even the non field staff gets shoes and other gear (polos, jackets, etc.).
So let’s say you’re in the department and they just gave you 2 pair of $100 shoes, 3 $60 polos, a $200 jacket, a $150 track suit and a t-shirt with the school name and the sport for each team. All told, you have about $1000 in gear, most of which can’t be bought in stores until much later this year. Maybe you keep a pair of shoes, a couple of the polos and the jacket. But you can sell that track suit for a hundred bucks easy. You can sell those shoes for at least $75. You can sell a few of the t-shirts and one of the polos and all told, you can probably pocket three or four hundred bucks.
The temptation to do that is high, especially for the staff that isn’t really interested in keeping any of the gear for themselves. And then of course, because each team has to order extra shoes and other gear, there are always extras at the end of the year that end up… unaccounted for.
Most teams have to have all their gear on hand at the beginning of the year, so if a guy that you thought would use five pair of basketball shoes only uses three, hey, there’s 2 extra pair of basketball shoes, top of the line and still in the box brand new. Same with track, and cross country, and football and every other sport. You could literally end up with tens of thousands of dollars of brand new apparel and equipment.
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No, the $3m number is apparently for shoes, Not apparel. So, you’ve just made the case that things DONT ADD UP.
But I like your diligence.
It helped focus the issue.
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Am I the only one that reads the article differently?
From the link on the firsts post:
"Of course, the athletic department gets the bulk of the benefit: $1 million in cash and $3 million in footwear and apparel annually."
To me, it indicates that it is footwear AND apparel…
And even if it includes both, it does not sound realistic. This is a description of the 5 year contract signed in 2013…
"The new deal — five years, $15.53 million, with $8.03 million in cash and $7.5 million in apparel and equipment — isn’t worth much more than NU’s previous eight-year, $22.7 million deal that was set to expire this summer."
That is 1.5 million per year in apparel and equipment… I am not sure where the Portland Business Journal got its information but it does not jibe with that of the published contract.
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@wissoxfan83
Imelda may be Big Shoe!
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@JayHawkFanToo Players should not be able to trade free athletic gear for food, transportation, shelter, entertainment or anything that would improve the quality of life.
Tattoos, however are fine.
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I’m reading the way you are reading it. Shoes alone can’t come to more than $1m. But with apparel, you can give an athlete tons of gear. This is why you see KU players constantly wearing new t-shirts, shorts, etc. when they are practicing or going to press conferences. They have tons of different stuff they get for free.
Take the hypothetical I tossed out earlier as far as each employee of the Athletic Department receiving $1000 in gear. A school like KU has at least 100 employees in the athletic department. That’s 100 grand and we have not shod or clothed a single athlete.
Each student athlete is going to get close to a grand in apparel. At Nebraska, that’s probably 600 or so athletes. So for (non game) apparel and shoes, you probably have close to half the yearly budget - $750,000 for shoes, $700,000 for non game apparel.
Then there’s uniforms. I’ve seen uniform budgets in high school hit the half million mark with no problem. I wouldn’t be surprised if a college spent well more than that, especially since they are going to have at least a couple sets of each uniform.
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Good leg work. The BIA wants to recruit you and not pay you more than any other basketball Intel outfit doesn’t pay you.
But as director/janitor of the FAKE BIA, I have to debrief you briefly.
What makes you assume a published contract on the Internet is accurate? I want to believe you about this, potential special agent @JayHawkFanToo, but why do you believe the veracity of a published contract on the Internet and not believe the Portland Business Journal published on the Internet? Shouldn’t we be skeptical of both?
To gain the BIA’s full confidence please answer the following questions.
First, explain how you know this published contract on the Internet is reliable.
Second, explain how you know the cost of the apparel means the $3,000,000 adds up to an appropriate number of apparel and shoes, if you know.?
Third, what is an appropriate amount of apparel and shoes for Nebraska’s athletic teams and what is your source for this number and how do you know that source and number are reliable.
Fourth, are published contracts on the Internet always accurate and fully transparent, and how ever you answer this, what is your source and how do know it is reliable?
The BIA doesn’t pay for this sort of information, but it wants to know everything worth knowing, how it is know and the level of confidence in its accuracy.
Rock Chalk!!
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Here is the actual contract…see page 5-6 where it specifically names $1,500,000 per year…
Here are more reputable links including the Nebraska Athletic Department…
You can look at it any way you want but It is pretty obvious the the info in the Portland Business Journal is plain wrong…
As far as how many shoes, jock straps and sport bras that includes, I could not give a rat’s ass about it…it is Nebraska for cripes’ sake, who cares…:D
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Seriously I am grateful for your admirable footnote clicking and thinking here.
So: assume half the reported $3m were for apparel and accessories.
$1,500,000 / average $100 per pair of shoes = 15,000 shoes
That still seems like a lot of shoes, doesn’t it? Even if every kid in intramurals got a pair, too.
Do the kids and coaches really wear all these shoes to compete and coach in, or is this just a way to pay players?
I am having a hard time understanding this. You seem like you get it.
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I don’t think you are reading it correctly. The $1,500,000 is for all apparel, including uniforms and shoes and gym bags…and warm suits and everything else except game balls which are listed separately on page 6…and that cost seems reasonable. to me.
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15000 shoes?
How about even 7000 shoes?
What AD’s players wear 7000 shoes per year in competition, eh?
C’mon give a rat’s rectum.
You give enough of one to leg it on the links
This apparently goes on more or less at all the majors that are good in either hoops or brain damage ball!!!
Regardless, thanks for the links.
Wait, what is it we are supposed to say?
I don’t think u r reading it correctly.
We don’t agree. Let’s agree to disagree etc etc etc.
I love this technique!
Howling!
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“$1,500,000 / average $100 per pair of shoes = 15,000 shoes”
I seriously doubt that the deal from BigShoe to universities involves shoes at full retail prices. Most likely, those shoes would be at a cost around $45 a pair.
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@nuleafjhawk Shucks, the Morris twins probably spent a quarter million dollars on body ink while at KU. Must have raffled off the contents of their closets monthly, Adidas wear filtered all the way from Lawrence to Philadelphia!
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@REHawk Maybe all that ink distorted the Morrii grey matter…or chained them in tandem, similar to cycle mamas leashed to their big daddies.
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“Maybe all that ink distorted the Morrii grey matter…or chained them in tandem, similar to cycle mamas leashed to their big daddies.”
Classic comment. Thoroughly enjoyed!
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@drgnslayr that $45 cost estimate is food for thought. As a layman fan, I have no idea how firms and their accountants would in fact itemize this for business purposes and for Uncle Sam. Maybe someone will weigh in here with some expertise. But let’s run with it hypothetically for analytical purposes.
And let me add: Get your Frosty Shoe Malts here, slayr!!!
But these aren’t for resale.
Based on a hypothetical model and some possibly reasonable assumptions (no guaranties) and calculations presented below (accuracy and reliability factors unproven so far), it appears that the street (resale) value of the shoes involved could conceivably be somewhere between $3,3 M under a $1.5M earmarked for shoes only scenario, and $6.7M bones under a $3.0M earmarked for shoes only scenario.
Let me spell that out for those of us ordinary folk that have to write out amounts on our humble little check books in numerals and in words and pay taxes on our earnings, rather than apparently simply move our goods and services in cash on the street, like sex workers, drug dealers and ticket scalpers reputedly do.
THREE MILLION THREE HUNDRED THOUSAND DOLLARS
up to
SIX MILLION SEVEN HUNDRED THOUSAND DOLLARS
Actual numbers of course could vary significantly, even sharply, but this is, after all, simply a rudimentary starting point for exploration and by guess and by gosh analysis.
Again, some back of a virtual napkin calculations follow to explain the guess. Note the following assumptions of approximate cost to a hypothetical vender XYZ distributing the shoes to schools and their student-athletes, plus an approximate street (resale by god only knows who) value used.
Assumption of Approximate Average Shoe Cost Distributed to Schools: $45 per pair
Assumption of Approximate Average Street Value Resold By God OnlyKnows Who: $100 per pair
Note: calculations are proposed as a hypothetical model for trying to begin to understand what goes on with shoe moneys in Big Shoe Contracts that possibly involve some difference in earmarking of monies between shoes and apparel and so are not intended in any regard as conclusively accurate estimates. It would be nice if some pro journos would run this stuff down for us by interviewing Big Shoe and asking how this all works specifically. As always in our hypothetical analyses, one has to assume for the sake of prudence that there is nothing illegal going on, or the authorities would long ago have stopped this process. Rock Chalk!
$1,500,000 SHOES ONLY SCENARIO:
NUMBER OF SHOES VENDED: $1,500,000 / avg. $45 per pair = 33,333 pairs of shoes
STREET (RESALE) VALUE:
33,333 pairs x $100 per pair = $3,333,300
$3,000,000 ASSUMPTION FOR SHOES ONLY:
@3,000,000 / avg… $45 per pair = 66,667 pairs of shoes
NUMBER OF SHOES VENDED: $3,000,000 / avg. $45 per pair = 66,667 pairs of shoes
STREET (RESALE) VALUE:
66,667 pairs x $100 per pair = $6,666,700
Most influence acquired scenario under the $3,000,000 assumption for shoes only:
@3,000,000 / avg… $45 per pair = 66,667 pairs of shoes
END NOTE: Would it possible that players would actually have to take an after tax pay cut, were the NCAA and its member institutions not only to start paying players reportable income, as announced, but also stop the reputed shoe resale process? Is that why quite a few players play D1 instead of jumping early and going abroad? YEEEEEEEEE HAWWWWWWWW! D1–its Shoe-tastic!!!
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“…Adidas wear filtered all the way from Lawrence to Philadelphia!”
Oh, MY!!!–George Takei
Sometimes I wonder if, when looking at all involved professionally today in college basketball, we ought to view them as Cheshire Cats, eh?
Is it possible that many don’t go pro over seas sooner, because they just can’t afford the pay cut from D1?
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MEMO
TO: BIA staff
FROM: Director/janitor
RE: Possible fake front organization with fake ties to the fake BIA.
SECURITY CLEARANCE LEVEL: For her majesty’s eyes only
An “off the shelf” operation run by reputedly rogue elements of BIA is rumored to be starting up its own front company called Berkshoe-Hardaway (Note: no connection to Berkshire Hathaway) to bundle Resold Shoes into derivative arbitrages insured by fake guarantied insurance contracts. The countercyclical security to be bundled with Resold Shoes will be black market Pink Pills. All BIA staff should be on the look out for this rogue basketball intelligence organization and share intelligence about it accordingly.
(Note: all fiction. No malice.)
BIA Thought for the Day: We offer adventure, not pay.
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It is really not rocket science…here is the relevant part of the contract that indicated the $1,500,000 for “Adidas products for use by the designated Athletic Program…” at Wholesale Value. There is nowhere in the contract where it indicates that it is for shoes only. I would guess that a complete football uniform is more expense than the cleats.
