What do we do with $25M?

[charsibb]

Bank all of it until we are in a better conference.  We will need the reserves.

Late to the party, can't say it any better than this ^^^

 

I agree.

 

We'll need some for an exit fee, and some for an entrance fee, and some to cover the shortfall.

 

In any event, we won't see 25 cash. It'll come in all sorts of ways. In the end, we'll be lucky if we actually end up with 10 cash out of it.

[Mike Stuben]

This is the best news I have seen in forever.

 

Here is what we need to do first (in my opinion):

 

Pay Skip Holtz (not all at once, but put aside the money to make the required payments of $.5 per year/5 years.

Pay Jim Leavitt if that is not complete.

Pay down the debt on all the new facilities (at least $10 million of it).

Put $6 million aside to add to our tv money at the rate of $1 million a year.

 

If there is anything left, then look at the indoor practice facility.

Oh, I thought the attorneys were going to eat up all those funds???? 

 

And then this classic quote from Joe.

 

>It will be a lot of money coming our way, but not that much, and it will be paid over several years.

wtf?

 

I'm shocked at this, and I was wrong. I thought there was no chance the 3 leftover schools would get a huge check. Awesome for USF.

[Reliable Source]

+1

[BiggTipp]

Save ten for a future exit fee

My thoughts exactly

[slick1ru2]

Give 40-50% to the attorneys.

[Flowers4Heisman]

Say, does USF pay taxes on that?

 

1) Pay off Skip: get him off the documents and from our memories.

2) Save it for the dwindling income that's going to be the next few years (replace it) and keep USF growing till the next conference opens up.

 

But knowing USF heads, we'll probably buy some magic beans!

[Hem]

People keep saying to pay off Skip. Why? Why should we pay him earlier? Unless we settle for a lump sum of less than what we'd owe over the years, it makes no sense. If he wants to be paid in full...I'd wait until the last possible hour to send him his checks, every time.

 

Hopefully some of the bigger conferences will see that we can pay our own way out now without any help from them, maybe it's an incentive to get us out. I can dream, right?

[CousinRicky]

Disperse it evenly among season ticket holders and cancel the program?

 

Chicken Dinner

[BullFan98]

Make war flamingos our official school mascot?

[bull-71]

If we realy get a good chunk.....renegociate Skip's payout...Done all the time...We owe you x per contract  over the next 4 years are you willing to accept y if we give it  all to you now...

 

Use some money for Big name games....help visiting teams defray cost....

 

Cash is King and money in the bank is only usefull when spent...So please look at the size of the pot and rate of rate of return on any capital investment...

 

Go Bulls...

Edited March 4, 2013 by bull-71