I just read an article written by Les East where he uses a headline and inaccurate information to insinuate the new LSU Athletic Director, Scott Woodward, has elected to stop sharing proceeds generated by athletics with Academics.
THIS IS A CRAP ARTICLE! Ol' Les should have his pen jammed in his eye socket for spreading such crappy information and suggestive headlines.
Woodward didn’t stop contributions (or “end donations”) to the University. He pulled
out of an agreement where athletics committed to provide $36 million over
five years by annually transferring $7.2 million, plus a portion of its net
surplus, to support LSU's academic, research, public service and other
missions. This commitment guaranteed funds to academics with no oversight or
input regarding where these athletic contributions were allocated and with no
regard to the actual earnings LSU athletics produced.
Woodward
killed this... and should have! He has also pledged to continue providing
support but based on profits realized and with a say in where the money is
spent. Common Sense! And requested by the boosters supporting LSU athletics to
begin with.
This
article grabs attention using inaccurate and misleading claims and doesn’t
include facts in the article. Sad!
The truth of the matter.... From the Baton Rouge Advocate:
LSU
President F. King Alexander said there isn't as much a donation disparity
between athletics and academics as perceived.
Alexander
pointed out the separation between athletic fundraising and academic
fundraising, citing an LSU Foundation report from June 1, 2018 to June 30,
2019, which said 70 percent of total donations went to academics, 28 percent
to athletics and 2 percent went to alumni operations.
Alexander
said there has been a concerted effort on the academic end to raise money for
its needs, including the $1.5 billion campaign.
"Athletics
isn't declining," Alexander said. "It's staying about where it has
been in the past. The only difference is the aggressiveness that we're going
out there with the campaign to raise money on the academic side to make up for
the years that we perhaps should have been doing.
Since
the guarantee of athletic contributions, there has been a decline in a
concerted effort to address fundraising for academics. With Woodward pulling
away the guarantee, there should now be a focus to increase academic
contributions and how funds are allocated.
It’s
a smart move. Would be nice if the author of this story did his homework before
simply throwing out headlines to grab attention and stroke the flames of
controversy with misleading content and a story lacking facts.
Seems
to be par for the course in media these days. Les East... you're FAKE NEWS!
Article from Saturday Down South: By Les East (twitter - @Les_East), Published August 2019: https://www.saturdaydownsouth.com/lsu-football/lsu-ad-forfeits-the-high-ground-by-ending-donation-to-the-university/
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