Quote Originally Posted by BrunswickDawg View Post
Man, that's a helluva website find.

OK - $48 million in the bank. To me that gives us security for a number of things - an unexpected coaching staff buyout; a need for a major salary adjustment, economic fall out from a shit season, a matching fund for a donation to ramp up some sort of opportunity (say some said I'll give you $10 million for the Hump Reno, but I want it matched dollar for dollar within a year or you lose it).
Other schools/athletic programs have large endowments to help with stuff like this, and we don't. It has been a factor in holding us back. I think it has been smart to take this approach.
I'm a really frugal person IRL, and while I'm not a Larry Templeton, I like the fact we have bank reserves to draw on for unforseen events just like the pandemic.

You made mention of endowments, and they are usually earmarked by the benefactor to go towards a specific area. So, even if State had a huge endowment like Vanderbilt most of it would not be available to athletics.

There were rumors several years ago about the Wade family creating a 9-figure endowment for athletics. I never saw any evidence other than message board chatter that was a fact.