Friday, December 1, 2017

University Money

Long post- but I read a tweet that put me into research gear.

The tweet: "There's no way in hell Jimbo Fisher would leave FSU for A&M….they're just a bunch of country rednecks that couldn't even afford him."

Of course, the fact that this FSU fan tried to insult my favorite university in the world tiffed me a bit, but that wasn't my problem. My problem was that I was pretty sure that A&M (as a University and Athletic program) were pretty "loaded."

Let the Google begin! I'm running on a tight schedule today so I didn't triple check everything, but here is the info I got from businessInsider.com:

Texas A&M is the 9th most wealthy University in the World.

These rednecks follow only Harvard, Yale, University of Texas System, Stanford, Princeton, King Abdullah University of Science and Technology in Saudi Arabia, M.I.T., and Penn.

Here is the wording from Business Insider.com's page:

"The wealthier the university, the better its facilities are likely to be, and better facilities mean more up-to-date technology and research opportunities. Moreover, richer schools tend to attract a world-class faculty, and usually have more scholarship moneys to distribute, sometimes even waiving tuition costs entirely for students in financial need.

Though a university’s wealth typically comes from donations of money, people and charitable foundations also donate such things as land, buildings, artwork, rare books and documents, and other things of high monetary value. We have ranked them by financial endowment, meaning the trust available to each university through cash and other assets."

Texas A&M University System ranks #9 on The 100 Richest Universities 2017!

Texas A&M has become one of the biggest tertiary systems in the United States. Though the system consists of 11 campuses throughout the state of Texas, its flagship is undoubtedly Texas A&M College Station, home of the George H.W. Bush Presidential Library and Museum. The endowment is currently valued at $10.5 billion, increased in part by a wildly successful fundraising campaign in 2013 that raised $740 million. Notably, the system is heavily involved in research of various kinds, with projects funded by NASA and the National Institute of Health, among others. In each of the last four years, the system has spent upwards of $700 million on research.

•             Endowment: $10,539,526,000
•             Annual cost of tuition per undergraduate student: $27,745 (College Station)
•             Average salary of full professor: $137,956 (College Station)
•             Annual research budget: $866,678,000 (College Station) — Texas A — M ranks #15 for 
Largest Research Budgets" 

Business Insider listed the top 100 schools. Number 100 on the list was St. Louis University with 1.05 billion. Florida State was not in the top 100.

Sure, Erin, but you're comparing university and research endowment when we're talking coaching salaries. Well 1) in the context of refuting his "dumb redneck", it mattered to me. This school is 
loaded. They turn out successful graduates and you pretty much have to be in the top 7% of your graduating class to get in right now.

But fine. Let's talk athletic departments.  

From the same source: 
This was the three-year average from years 2014-16

NCAA athletic programs that profit-

10. Texas A&M- 119.5 mil/year
17. FSU 104.8 mil/year

Bottom line: FSU, if you can afford him, these country rednecks can afford him.

Thanks and Gig'em.

Howdy Coach, Welcome to Aggieland!