Butler Coaching Search

[AviatorX]

Travis Steele

Inter-conference and recruiting issues certainly. It would be a great destination for him.

Of course, I hope he stays at Xavier, but he's earned his shot if the opportunity arises. Best for Xavier are well-compensated and a stable staff of assistants, but these guys have their career goals as well.

I'd be floored if they hired someone from the X family. Although I think Steele will be a tremendous HC in the future.

[XU 87]

I was looking at old numbers then, as X was above Butler (who can ever really be sure with these things). I do know that Butler just got 9.7 million in donations to related to their Football Stadium. Some of that was to go to Athletics and some was to go to the general University Fund. I've seen various reports on what Holtman could have been making at Butler. The lowest projection (which I don't believe) was something like 1 million per season.

My source is Wiki. I just found it "interesting" how much lower XU and Butler's endowments are compared to the rest of the league.

[Muskie]

My source is Wiki. I just found it "interesting" how much lower XU and Butler's endowments are compared to the rest of the league.

Yes. It was shocking the first time I looked as well. Though I believe X's is somewhat depleted because of all the campus projects we undertook in the past ten years. But there is still significant ground to make up no matter the reason. GTown's is impressive.

[X-man]

My source is Wiki. I just found it "interesting" how much lower XU and Butler's endowments are compared to the rest of the league.

Xavier's endowment, as low as it is, is a vast improvement from where it was in the mid-80's when I started work at Xavier. At that time, the endowment was less than $10M and falling. It definitely needs to be bigger than it is (I think the rule of thumb is the endowment should be at least 200% of the annual operating budget), and hopefully the next capital campaign will focus more heavily on building the endowment than the previous ones. Xavier's infrastructure was in terrible shape in the mid-80's because of deferred maintenance, and so it made sense to use capital campaign monies to rebuild the campus. Now only the sports center needs replacement (which will happen in the next couple of years with the Tri-Health project on the east campus); every other building is either new or significantly renovated, making the campus the beautiful place it has now become.

[Muskie]

Xavier's endowment, as low as it is, is a vast improvement from where it was in the mid-80's when I started work at Xavier. At that time, the endowment was less than $10M and falling. It definitely needs to be bigger than it is (I think the rule of thumb is the endowment should be at least 200% of the annual operating budget), and hopefully the next capital campaign will focus more heavily on building the endowment than the previous ones. Xavier's infrastructure was in terrible shape in the mid-80's because of deferred maintenance, and so it made sense to use capital campaign monies to rebuild the campus. Now only the sports center needs replacement (which will happen in the next couple of years with the Tri-Health project on the east campus); every other building is either new or significantly renovated, making the campus the beautiful place it has now become.

I'm definitely starting to see this on the Fundraising end of Xavier based on the mailers and campaigns I've been asked to support. To me it's a positive sign.

[XU 87]

Yes. It was shocking the first time I looked as well. Though I believe X's is somewhat depleted because of all the campus projects we undertook in the past ten years. But there is still significant ground to make up no matter the reason. GTown's is impressive.

XU's endowment is even less than Duquesne and St. Joe's.

Ok, now back to discussing Butler coaching search.

[D-West & PO-Z]

Hopefully Butler is getting a nice check from Ohio State to help subsidize the search.

I think I saw 2 million.

[Muskie]

I think I saw 2 million.

I saw that as well. Not sure if that's all at once, or over time.

[GoMuskies]

It's hard to get people excited about a capital campaign to build endowment. I mean, if you give money and it results in a building, that's something. If you give money with the express purpose of having the university put it in the bank, that's not as cool.

[Muskie]

It's hard to get people excited about a capital campaign to build endowment. I mean, if you give money and it results in a building, that's something. If you give money with the express purpose of having the university put it in the bank, that's not as cool.

It's time to make saving money great again!