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Subject: Re: Have you read this kind of info Observer

remember it well
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Date Posted: 14:52:35 01/03/17 Tue
In reply to: Observer 's message, "Have you read this kind of info, remember it well??" on 13:34:26 01/03/17 Tue

We all know how endowments work. Even those intended for a specific purpose depend on the performance of the endowment managers and the embarrasing results of Harvard's endowments wouldn't justify the $1 million compensation to Amaker or the generous package that Murphy receives (probably not a high as Tommy's). Whether it's the WSJ or the site linked below there are enough sources that have exposed the creative generosity of so called "Friends of Harvard" athletics ie boosters.


"But Amaker has had his salary adjusted higher by the boosters who pay him after flirtations with both Miami and BC. Amaker is making more than a million dollars a year. He’s got a low high-major compensation package at a high mid-major program, especially if you factor in his wife’s deal at the medical school. Every two weeks, the Amaker household gets paid twice because Harvard wanted a better basketball recruiter, not another staff psychologist at McLean." quote from Ivy Hoops Online.

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Date Posted: 16:26:00 01/03/17 Tue

"Joel Smilow, a former chairman and chief executive of Playtex, is a philanthropist whose name is attached to hospitals, Boys and Girls Clubs, and buildings at Yale, his alma mater.

But for Smilow, whose college athletics career did not progress beyond intramurals, perhaps the most unusual outcome of his benevolence is a permanent link to the Bulldogs football team. In 1988, he gave $1 million to endow Yale’s coaching position. Future coaches would forever be the Joel E. Smilow ’54 Head Coach of Yale Football. The title does not exactly flow, but the money from the endowment does.

“The athletic director has jokingly referred to me as the owner of the Yale football team,” Smilow said.

Seven of the Ivy League’s eight football coaching jobs are endowed, along with numerous positions in other sports. The premise is that these coaches are also teachers, part of the academic fabric of their institutions."

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