Daily article: Saller quote about move to ACC
- By gijeff
- The Farm Report
- 1 Replies
From today's Stanford Daily about interim president Saller's first Senate session of new school year:
"Saller preceded Senate discussions by commending Martinez’s “experience and judgment” and elaborated on the University’s decision to join the Atlantic Coast Conference (ACC).
“It’s been the subject of more media coverage than anything else that’s happened over the past year,” Saller said.
Following the departure of other schools from the PAC-12 Conference, Saller said the move was “really the only option left.”
“We know what the revenue agreement is, but there are many other factors that play into the net financial picture,” Saller said. He emphasized “that this increased deficit will not come out of general funds” because “two years ago, the endowment enjoyed a 40% jump and that has provided a surge of revenues to the president’s discretionary fund.”"
Soooo .... we could afford the revenue loss because of the president's discretionary fund? When did this become available to address AD deficits? Soon enough to prevent cutting 11 sports? Was the Big 10 or Big 12 aware of this windfall soon enough that they could have been options? Was the ACC the only option because we moved so slowly in overtures to these other conferences? So. Many. Questions.
"Saller preceded Senate discussions by commending Martinez’s “experience and judgment” and elaborated on the University’s decision to join the Atlantic Coast Conference (ACC).
“It’s been the subject of more media coverage than anything else that’s happened over the past year,” Saller said.
Following the departure of other schools from the PAC-12 Conference, Saller said the move was “really the only option left.”
“We know what the revenue agreement is, but there are many other factors that play into the net financial picture,” Saller said. He emphasized “that this increased deficit will not come out of general funds” because “two years ago, the endowment enjoyed a 40% jump and that has provided a surge of revenues to the president’s discretionary fund.”"
Soooo .... we could afford the revenue loss because of the president's discretionary fund? When did this become available to address AD deficits? Soon enough to prevent cutting 11 sports? Was the Big 10 or Big 12 aware of this windfall soon enough that they could have been options? Was the ACC the only option because we moved so slowly in overtures to these other conferences? So. Many. Questions.