Opponents and Others, 2021-22

Started by Trotsky, August 21, 2021, 08:02:14 AM

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ursusminor

RPI received a $2M donation from Dr. Lloyd Bauer, a member of the '54 NCAA championship team, to endow the head coach position.

Does anyone know how much the corresponding endowment is at Cornell? I wonder if $2M is enough, although it certainly can help a lot.

I also wonder why we don't get players anymore who major in engineering, science, or architecture and then go on for a Ph.D. But that is another story. Bauer was not the only member of the '54 team to have an academic career. I know that goalie Bob Fox was a professor at Purdue.

George64

Quote from: ursusminorRPI received a $2M donation from Dr. Lloyd Bauer, a member of the '54 NCAA championship team, to endow the head coach position.

Does anyone know how much the corresponding endowment is at Cornell? I wonder if $2M is enough, although it certainly can help a lot.

I also wonder why we don't get players anymore who major in engineering, science, or architecture and then go on for a Ph.D. But that is another story. Bauer was not the only member of the '54 team to have an academic career. I know that goalie Bob Fox was a professor at Purdue.

The usual rule of thumb is to draw down 5-6 percent of the endowment, averaged over the prior three years.  So, almost certainly needs to be augmented.
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dag14

Before I retired in 2018, in my college the goal was a minimum of $5M to endow a faculty position.

ursusminor

Thanks, George64 and dag14. I thought that $2M wasn't enough. An article in the Albany Times Union said that the funds would be used for recruiting. That seems strange.

marty

Quote from: ursusminorThanks, George64 and dag14. I thought that $2M wasn't enough. An article in one of the Albany Times Union said that the funds would be used for recruiting. That seems strange.

$2 million plus the $8 million per year they'll save by not having 3 armed guards protect the wicked witch of the east hill 24/7 should cover the coaches salary and renovate the rink, too.
"When we came off, [Bitz] said, 'Thank God you scored that goal,'" Moulson said. "He would've killed me if I didn't."

Weder

Does the money for endowed positions (and anything else, I guess) live in its own silo or does it just get dumped into the university endowment and then get a proportional share of the gains and losses?
3/8/96

ursusminor

I would be surprised if it lives in its own silo. RPI will probably just shift some money which it would have used to pay Coach Smith to something else. It will allow the coach to be called the C. Lloyd Bauer Men's hockey coach, which may look good on his résumé. :-D

billhoward

Quote from: ursusminorThanks, George64 and dag14. I thought that $2M wasn't enough. An article in the Albany Times Union said that the funds would be used for recruiting. That seems strange.
A new RPI president.

billhoward

IIRC correctly, the donor is doing the work of two people. RPI had something like 11 people on the team.

ursusminor

Quote from: billhowardIIRC correctly, the donor is doing the work of two people. RPI had something like 11 people on the team.

14 skaters and a goalie, although Erik Larson was the manager who suited up for one game. https://www.eliteprospects.com/team/1758/rpi-rensselaer-polytech.-inst./1953-1954?tab=stats

There is hope that the new president who is an alum will be better. He did ask about the team in an interview. Of course, that means he hasn't been paying attention.

osorojo


Trotsky

It's the 69th (nice) Beanpot final.

There are four teams.

They rotate SF pairings every year.

Harvard and Northeastern have never met in the final.

andyw2100

Quote from: TrotskyHarvard and Northeastern have never met in the final.

I'm no mathematician, but wouldn't Harvard have to actually, you know, --WIN-- a semi-final game in order for them to meet Northeastern in the final?

George64

Quote from: osorojoGeorge64 - #18?

You're probably thinking of George Walker '64.  Definitely not me. I was at best an adequate intramural skater.  
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Trotsky

One thing about this weekend.  If they do take care of business they will go a long way towards locking up a first round bye.