Communication, communication not minimal talk with a few ED driven by directions from a PR firm . The only thing coming from those talks which were one way talks was "be a good Ag and fall in line ". Well some did not .
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Many EDs had it in writing, right? The weren't "so called" promises. They were contractual promises. A promise is a promise. There is no "so called". Apparently the contracts where poorly written, so it hasn't proven hard for the TMF to break the contracts. Makes you wonder what the case would be if these so called "bad Ags" who are litigating their contractual agreements had insisted on better written contracts in the first place?
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Also, while seat location is one issue, free seats forever is another. Were permanent free seats, anywhere, offered to the EDs?
quote:Do you think the TMF reaching out to 1,700 EDs (or whatever the # might be) to get their thoughts would lead to any
The point is that the EDs should have been brought into the discussions at a preliminary stage, personally, and substantively.
However, egos took a bigger role. The egos of some in the TMF that
resented the EDs and had waited for years to "get them". And the egos of
the EDs who had been promised free seats forever and aren't getting
them.
quote:I would agree with most of that, although I'm not sure about the "out to get" part. Doubtless, there were some folks at the TMF who felt like the endowed donors had been lapped by many annual contributors, and felt that the TMF's offer was enough. One can certainly argue that the TMF should have taken more steps to appease the endowed donors, but anyone who simply castigates the TMF for their actions in this matter is off base. Statements like the following...
The point is that the EDs should have been brought into the discussions at a preliminary stage, personally, and substantively. However, egos took a bigger role. The egos of some in the TMF that resented the EDs and had waited for years to "get them". And the egos of the EDs who had been promised free seats forever and aren't getting them.
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A "promise that can't be kept" is 100% the responsibility of the promiser, not the promised
quote:quote:Do you think the TMF reaching out to 1,700 EDs (or whatever the # might be) to get their thoughts would lead to any conclusive decision? You would have as many varying opinions as you have EDs.
The point is that the EDs should have been brought into the discussions at a preliminary stage, personally, and substantively.
quote:This.
It's a tough situation with no easy solution. I understand where both sides are coming from.
quote:At the next endowment phase, when the four seat endowment went to $40,000, one seat was valued the same as a $2,000 annual donation at the 12th Man donor level. The 40k was corpus and the investment income was used to pay the annual donation.
$30,000 was a lot of money and more importantly
interest rates for a 10 year US note were in the 10%-14% range
quote:Guess what, Endowed Donors: Aggie football tickets and parking are not part of those certainties. To really, REALLY believe Aggie tickets would be exactly the same for life is very naive.
"In this world nothing can be said to be certain, except death and taxes!"
quote:Sounds fair.
If the dollar amount of the mid-80s donation was adjusted for inflation, where would the new seat be located? It seems to me that the people who signed a contract should be sitting with people who donate a comparable amount, today...
quote:To be clear, the ED's pretty much do have "tickets for life". Go look at the chart and see what a $2,000 per year, per seat credit gets you. The bottom of the new 3rd deck is at the same approximate "virtual space" as the top 25 percent of the old second deck. So, these guys could have had, for no additional annual contribution, armchair seats at the bottom of the new third deck that equaled the virtual space of the top of the old second deck. They would have to pay a capital contribution, like EVERY SINGLE OTHER PERSON sitting in that stadium. But at the end of the day, that's as close to the same seats as you can get. But wait a minute - since I was on the old second deck, on row x and seat y, I should get that same row, seat number and yard line on the new second deck. Really? EVERYBODY is moving and we all had commitments that we would have our seats forever in our old, East German/Soviet era stadium that didn't meet code and was going to need massive, expensive infrastructure modifications. Four 50 yard line club seats are 60k up front and 16k per year and you have to buy the tickets. The math just doesn't work to give the four upgraded, prime club seats to someone who will generate $900 per year in revenue in an endowment. With the free tickets some of the ED's receive, there is negative revenue of a few thousand dollars right now to "honor our commitment". You don't build 485 million dollar stadiums that way. Unless you're Obama, but that's another rant.
Benjamin Franklin said it best:quote:Guess what, Endowed Donors: Aggie football tickets and parking are not part of those certainties. To really, REALLY believe Aggie tickets would be exactly the same for life is very naive.
"In this world nothing can be said to be certain, except death and taxes!"
quote:The "written contracts" state that they will sit in an endowed area. It does not say in a written agreement where that section is located. So if you want to go to implied, verbal agreements, another 5,000 loyal Aggies also need an inflation adjusted algorithm to determine where they get to sit.quote:Sounds fair.
If the dollar amount of the mid-80s donation was adjusted for inflation, where would the new seat be located? It seems to me that the people who signed a contract should be sitting with people who donate a comparable amount, today...
But not the price of general inflation. Need to peg it to the inflation of the price of sporting event tickets, specifically college football.
It's not their fault that everyone else has taken an interest into the activity that they have been supporting for decades.
quote:Good analogy!
Permanent/ Lifetime commitments have been made forever. You have bought your house on the premise that you will own the land forever or have the right to sell it in the future. This was established way before anyone of us and this agreement continues today. Now when the state (which ultimately granted the original owner the land) needs to take it back for roads or whatever, there is a process for that and "fair" compensation is made. That basis is debated all the time, but is it is not made on the value when the rights wre first granted.
quote:I have not had that experience. I am not that high on the food chain and they have always been responsive to me.
In my experience since graduating, the TMF has almost always skirted communication with a majority of donors and sucks at PR. That's why this situation doesn't really surprise me that much.
quote:Stormy is not my father in law but he is a good friend. I did cut his grass when I was a kid in San Angelo but I don't feel like that gets me any preferential treatment from the TMF.
Gary correct me if I'm wrong but isn't your father - in-law ( Stormy Kimrey) a former president of the 12thMF ? If that indeed is the case then your statement ( you aren't high on the food chain ) rings a little hollow and your undying support seems a little suspicious.
quote:quote:Stormy is not my father in law but he is a good friend. I did cut his grass when I was a kid in San Angelo but I don't feel like that gets me any preferential treatment from the TMF.
Gary correct me if I'm wrong but isn't your father - in-law ( Stormy Kimrey) a former president of the 12thMF ? If that indeed is the case then your statement ( you aren't high on the food chain ) rings a little hollow and your undying support seems a little suspicious.
quote:No problem, Charlie. As far as "undying support" I would say that I am a "call it like I see it" kind of guy and I am not blindly supporting the decisions of the TMF. Did the TMF do this deal perfectly? No. But they have done a pretty nice job when all things are considered.
My bad I apologize.