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Post by jctnhoya4ever on May 4, 2024 16:50:37 GMT -5
They are Georgetown alumni that want miss $20.00 or $30.00 dollars or more. If we want Georgetown to be competitive and win again we have to donate to nil. Put up some money, I didn’t go to school here and am not a wealthy man, I work a shipping and receiving job. I donated to nil. They are millionaires who can donate. Please help get Georgetown University back to winning it’s the new way of college sports. I make just$30.000 a year not a lot, I donated. Come on people on here we can all do something. If it’s $1000 or whatever. Go Hoyas let’s help with this.
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Post by jctnhoya4ever on May 4, 2024 18:37:08 GMT -5
Thanks dfw and moderators.
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DFW HOYA
Platinum Hoya (over 5000 posts)
Posts: 5,931
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Post by DFW HOYA on May 4, 2024 18:57:53 GMT -5
They are Georgetown alumni that want miss $20.00 or $30.00 dollars or more. If we want Georgetown to be competitive and win again we have to donate to nil. Put up some money, I didn’t go to school here and am not a wealthy man, I work a shipping and receiving job. I donated to nil. They are millionaires who can donate. Please help get Georgetown University back to winning it’s the new way of college sports. I make just $30.000 a year not a lot, I donated. Come on people on here we can all do something. If it’s $1000 or whatever. Go Hoyas let’s help with this. People of good conscience can debate the pros and cons of collective-based NIL ("the bag") but no one is required to donate to it. A few thoughts: A gift to Hoyas Rising or any other collective that pops up is a gift of trust: they are under no obligation to spend it as you see fit. If a collective wants to spend it on another Georgetown team, you have no say in it. If a collective wants to spend it on a lunch at a steakhouse, you have no say in it. Just as there is no ability to claim a tax deduction, there is no transparency on what they choose to do with your gift. It's an athletic version of a 501 (c)(4). To be fair, the collective works with the basketball office as an arm's length consulting agreement, but unless the donor is closely tied in with those that commit funds, it's a leap of faith. A gift to the Hoya Hoop Club is a gift of expectation: they have an obligation to spend it in the sport you designate it and within the fiscal year of your gift. A gift to the Hoop Club won't go to women's golf or sailing, it will go to the men's basketball program. Thanks to some decisions made long before Ed Cooley became coach, gifts to the Hoop Club provide direct budget support and while your $25 of $50 gift doesn't give you the ability to direct gifts, you have the tacit understanding that 1) it's a tax deduction and 2) it will be used where the department wants it to go, but not to players. Is this a better use of your gift? That's up to each donor. Unlike other schools, NIL at Georgetown is invested in a very small group of high wealth individuals who commit funds to support Ed Cooley. But as I commented earlier, "However, like most PE types, they expect a return, and if they don't get it, they won't fund it any more." |
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SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 19,491
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Post by SSHoya on May 4, 2024 20:06:46 GMT -5
They are Georgetown alumni that want miss $20.00 or $30.00 dollars or more. If we want Georgetown to be competitive and win again we have to donate to nil. Put up some money, I didn’t go to school here and am not a wealthy man, I work a shipping and receiving job. I donated to nil. They are millionaires who can donate. Please help get Georgetown University back to winning it’s the new way of college sports. I make just $30.000 a year not a lot, I donated. Come on people on here we can all do something. If it’s $1000 or whatever. Go Hoyas let’s help with this. People of good conscience can debate the pros and cons of collective-based NIL ("the bag") but no one is required to donate to it. A few thoughts: A gift to Hoyas Rising or any other collective that pops up is a gift of trust: they are under no obligation to spend it as you see fit. If a collective wants to spend it on another Georgetown team, you have no say in it. If a collective wants to spend it on a lunch at a steakhouse, you have no say in it. Just as there is no ability to claim a tax deduction, there is no transparency on what they choose to do with your gift. It's an athletic version of a 501 (c)(4). To be fair, the collective works with the basketball office as an arm's length consulting agreement, but unless the donor is closely tied in with those that commit funds, it's a leap of faith. A gift to the Hoya Hoop Club is a gift of expectation: they have an obligation to spend it in the sport you designate it and within the fiscal year of your gift. A gift to the Hoop Club won't go to women's golf or sailing, it will go to the men's basketball program. Thanks to some decisions made long before Ed Cooley became coach, gifts to the Hoop Club provide direct budget support and while your $25 of $50 gift doesn't give you the ability to direct gifts, you have the tacit understanding that 1) it's a tax deduction and 2) it will be used where the department wants it to go, but not to players. Is this a better use of your gift? That's up to each donor. Unlike other schools, NIL at Georgetown is invested in a very small group of high wealth individuals who commit funds to support Ed Cooley. But as I commented earlier, "However, like most PE types, they expect a return, and if they don't get it, they won't fund it any more." Caveat: If you donate to the Hoop Club in order to retain your season tickets, it is not tax deductible. At the end of 2017, the federal government passed the Tax Cuts and Jobs Act, which among its many laws, no longer allows for a tax-deduction for any contribution tied to the purchase of season tickets. |
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EtomicB
Blue & Gray (over 10,000 posts)
Posts: 15,424
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Post by EtomicB on May 4, 2024 20:45:44 GMT -5
They are Georgetown alumni that want miss $20.00 or $30.00 dollars or more. If we want Georgetown to be competitive and win again we have to donate to nil. Put up some money, I didn’t go to school here and am not a wealthy man, I work a shipping and receiving job. I donated to nil. They are millionaires who can donate. Please help get Georgetown University back to winning it’s the new way of college sports. I make just $30.000 a year not a lot, I donated. Come on people on here we can all do something. If it’s $1000 or whatever. Go Hoyas let’s help with this. People of good conscience can debate the pros and cons of collective-based NIL ("the bag") but no one is required to donate to it. A few thoughts: A gift to Hoyas Rising or any other collective that pops up is a gift of trust: they are under no obligation to spend it as you see fit. If a collective wants to spend it on another Georgetown team, you have no say in it. If a collective wants to spend it on a lunch at a steakhouse, you have no say in it. Just as there is no ability to claim a tax deduction, there is no transparency on what they choose to do with your gift. It's an athletic version of a 501 (c)(4). To be fair, the collective works with the basketball office as an arm's length consulting agreement, but unless the donor is closely tied in with those that commit funds, it's a leap of faith. A gift to the Hoya Hoop Club is a gift of expectation: they have an obligation to spend it in the sport you designate it and within the fiscal year of your gift. A gift to the Hoop Club won't go to women's golf or sailing, it will go to the men's basketball program. Thanks to some decisions made long before Ed Cooley became coach, gifts to the Hoop Club provide direct budget support and while your $25 of $50 gift doesn't give you the ability to direct gifts, you have the tacit understanding that 1) it's a tax deduction and 2) it will be used where the department wants it to go, but not to players. Is this a better use of your gift? That's up to each donor. Unlike other schools, NIL at Georgetown is invested in a very small group of high wealth individuals who commit funds to support Ed Cooley. But as I commented earlier, "However, like most PE types, they expect a return, and if they don't get it, they won't fund it any more."
What kind of return are they expecting? Shouldn't their return be whatever ads or events they ask the players to participate in to receive the compensation they've agreed to? |
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Post by hoyasaxaphone on May 4, 2024 22:23:34 GMT -5
I think the whole "private equity" references are misleading. I guess they just mean that NIL givers are rational beings who will give on the basis of seeing the team get better as a result. These are not "private equity guys" looking at alternative investments. Just fans, who have a limit on what they will tolerate in performance on the back of their gifts.
I, personally, find giving money to a collective who will directly fund players abhorrent. I have better things to do with my life and my $$$$. And I worked in private equity. Just say'in.
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hoya9797
Diamond Hoya (over 2500 posts)
Posts: 4,235
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Post by hoya9797 on May 5, 2024 11:18:56 GMT -5
I think the whole "private equity" references are misleading. I guess they just mean that NIL givers are rational beings who will give on the basis of seeing the team get better as a result. These are not "private equity guys" looking at alternative investments. Just fans, who have a limit on what they will tolerate in performance on the back of their gifts. I, personally, find giving money to a collective who will directly fund players abhorrent. I have better things to do with my life and my $$$$. And I worked in private equity. Just say'in. Abhorrent? I can understand and agree it’s not a very high priority for my philanthropic dollars but not sure I understand abhorrent. |
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blueandgray
Platinum Hoya (over 5000 posts)
Posts: 6,822 
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Post by blueandgray on May 5, 2024 18:21:14 GMT -5
I think the whole "private equity" references are misleading. I guess they just mean that NIL givers are rational beings who will give on the basis of seeing the team get better as a result. These are not "private equity guys" looking at alternative investments. Just fans, who have a limit on what they will tolerate in performance on the back of their gifts. I, personally, find giving money to a collective who will directly fund players abhorrent. I have better things to do with my life and my $$$$. And I worked in private equity. Just say'in. Abhorrent? I can understand and agree it’s not a very high priority for my philanthropic dollars but not sure I understand abhorrent. I’m with you 9797. Let’s not mix up giving to charity or making any type of sort of investment (have no idea where PE comes into the discussion) with NIL. For me …I view it as entertainment…totally separate bucket than philanthropy. If I were to give to spend $20k a year going to nba games where the money goes to nba players and owners, why not the school’s players whose basketball team I love? People can have different opinions here surely….but “anhorent” seems a bit extreme |
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Post by hoyasaxaphone on May 5, 2024 18:33:57 GMT -5
Abhorrent in the sense that linkages between the players/team and the academic and social life of being a student/athlete at a university have been largely severed (there may be an exception from time to time, we will see). Players come and go for the $$$$ and exposure, without much regard to the institution that is sponsoring the team. A number of players are on their third or fourth school. If the players are just going to get paid, I think it is time to completely decouple them from university affiliation. Create a pay for play minor league, but far less selective or competitive as the G League. Otherwise it is a complete farce and reflects badly on individual universities and the NCAA as a whole. I think it is abhorrent to fund such a farce.
Interestingly enough, I don't think such a league would be successful nor would the players earn anything near what they are earning at their current university affiliated teams. But what does that say? Perhaps that the power of the universities is what is responsible for the generation of revenues rather than the talents of the players. Without the universities, the players largely do not have a game.
Univesities that are interested in enveloping athletics as part of their university experience can field all amateur student athlete teams (which mostly has existed away from the revenue sports anyway). Many of these teams do not even offer full scholarships for recruits. Athletic revenues will be smaller (or non existant) for schools that have relied on big name athletics, but people will find a way to fund amateur athletics in colleges as they always have.
Students will have fun cheering on their teams, despite the fact that the level of talent is lower - but competitive with peer schools. Coaching strategy will be important again. As will players with strong sports IQs and multi-faceted talents. I had as much fun cheering on the Hoyas when they played in McDonough as I did later when the team upped its talent and facilities. And as a varsity student athlete at Georgetown, I was happy with the choice I made to participate given my enjoyment of the game, team sports and my fellow teamates.
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