Ah, OK. Used to be the Guy V. Lewis Court.
Did the baseball locker room move to the new facility or is it still under the stands? If so, I assume renovations have occurred. The facade and stands could definitely use an overhaul but I probably wouldnât care as much if we were winning.
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We donât need to borrow money we donât have, we have to pay it back plus interest, if we donât have it now how do we think we can pay it back in the future
Because the talent (head coaches and players) we sign could up our revenues in order to make paying it back possible, and, worst case scenario, Uncle Tilman will bail us out at the end.
Track n Field can be moved to the Fingerâs lot(s) across 45 then student housing, a dining hall, and a new tennis complex, sited atop a new parking garage can replace the TnF complex. The combined would generate more activity surrounding the venues, better attendance thus more money.
Ahh, what a dream.
Have to disagree somewhat there. Sure we could stand some updates but the Baseball Facility is only about 3 years old. What we need is a complete change in direction of the program. Get some hungry, new staff charging and watch our Baseball Program explode. ZERO, NADA, ZILCH excuses for why UH Baseball is this gawd awful in one of the premier hotbeds of youth talent in the Nation----ZERO
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Bulto bringing fire and brimstone
Spending Tillmans money lol
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We are just now coming online with the full revenue share for the Big12, if we have to borrow money now we are in real problems and will be in much larger problems down the road.
As far as baseball goes, I have a feeling a change at coach would have happened if the people that fund our NIL were ready to fully fund it. This is not 2005 even baseball recruiting involves NIL checks.
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PE wants ROI. Theyâre not offering charity.
Glad we will opt-out.
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Iâm glad we are turning it down. Like said, we will get full shares from the big 12 and we need to trend towards getting out of debt. The money from this would likely be wasted in some form then we owe what we canât pay back. Getting full shares will help a lot bc weâre used to doing more with less.
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Sampson said, âWe are poorâ! It would be an aggressive move to accept the $30 million, but I really donât know the fine details so I hope they made an educated season. Iâm sure they did. Does anybody know the actual reason UofH administration opted out?
We are going to get 40 million from the Big 12 soon. WHY would we need the money? Accept the 30 million? Its not a gift!!! Its a loan, and the rate would cost UH 38 million to pay it back. Does that sound like a good deal to you?
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Right on. Iâm not saying we should have opted in. Just looking for someone with a better understanding of the PE Deal. Also, UofH is a primary beneficiary of the Newly established Texas University Fund (TUF) - $3.9 billion state of Texas endowment established in 2023 to boost research. How much does that pay out annually?
I heard the interest rate on that loan is 10%. Big yikes.
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About $50-60 million annually.
However, its use is restricted to research related activities.
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I would expect JD, Chris Baldwin or Go Coogs to do a deeper dive on why UH opted out. This board can speculate, and has, myself included, why UH opted out, but I would like to hear Nunezâs explanation.
- Who was involved in the decision-making at UH?
- Was it the terms of the PE deal?
- Would UH have been able to pay loan back at 10% interest?
- Is UH Athletics still running a deficit?
Of course we are running a deficit lol
I need UH to answer that question, not @banderacoogfan. It is a fair question. For the 2024-2025 year, UH was expected to receive $18M to $19M in conference payouts. For the 2025-2026 school year and full B12 shares, UH is expected to make at least $40M. This is not counting postseason football or basketball.
Since UH reported a deficit of $6.1M for the 2024-2025 season, and UH is receiving more B12 money in 2025-2026, it makes total sense to ask the question. UH may be able to make the case that the PE money is not needed under those terms.
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As a rule of thumb, do not take a PE loan to cover operating expenses. They are largely used to spur rapid growth, prepare for a near term exit (ex. IPO), or organizations in the midst of restructuring. The latter two are irrelevant to UH. If we had worthy capital projects that may increase future revenue it could be worth it. To my knowledge Fertitta Center, TDECU, MH Ops Center, and Sanders Field are good for now; any bond debt is likely at a lower rate than the PE loan and would not have the covenants a PE loan typically requires.
Other B12 schools may have renovation needs that make the PE loan attractive. Additionally, although I am not familiar with private university debt issuance it is possible the deal with Redbird is an easier avenue to capital for Baylor, TCU, BYU athletics than going through traditional lending means.
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