Effectively 40 new scholarships. Limited impact on MBB, which would already be at the max I assume? But huge impact on other sports...

 

I wonder if it’s the same donor who pissed the SEC off by giving Binghamton its baseball stadium.

 

The fact that this thread has not gained more traction is perplexing. Frankly, this is as big as Maine getting their Alfond money and arguably bigger.

Binghamton has just over 400 student athletes. As BingGrad notes, this is a large increase to scholarships. In fact, using typical calcs for endowments, it endows 36 full in-state scholarships (most State schools use the in-state number for athletic scholarships for those coming from out of state) for perpetuity. THINK ABOUT THAT...FOR PERPETUITY. Almost 10% of their athletes will have no issues with scholarship funding, and that's a low number if Bing splits these schollys, which they probably will. I presume W/M hoops are at full scholarships (or pretty close). So this money likely goes to sports like soccer, baseball, and lax, with the most going to soccer/lax the two big dog sports of our conference not named basketball. Or they can start up Field Hockey, if they are really thinking about men's hockey.

Bing spends 5.22 million on athletic aid, and this gift is equates to 1.22 million in athletic aid per annum. So, this is almost a quarter of their annual athletic budget on scholarships. My understanding is Bing is close to the scholarship limit in most sports, with many of those as partial scholarships. If you take the basketball teams, that is probably around $900,000 out of the 5.22 number. That leaves 4.32 million for all other sports.

I know of only a few schools that hit this kind of endowed number at our level- the Ivy's (though they don't give scholarships per se), a couple of Patriot League schools, and William and Mary.

I personally believe (as do others in the industry and others on this board) that W&M will be in the PL in the next 5 years. That brings the league to 11 (with 20 conference hoops games). I believe they will go for a 12th. It would also not shock me, if there is any major reshuffling of the AE/MAC/CAA group, to see Binghamton at the top of their list (even with the past issues, shoot...BU had their own crises as did Loyola) if Fordham decides to stick it out in the A-10. Binghamton fits PERFECTLY in their geographic footprint...and Binghamton aligns similarly to W&M academically.

Even if Bing doesn't move to the PL...this is a MASSIVE win for their athletic department.

 

The fact that this thread has not gained more traction is perplexing. Frankly, this is as big as Maine getting their Alfond money and arguably bigger.

Binghamton has just over 400 student athletes. As BingGrad notes, this is a large increase to scholarships. In fact, using typical calcs for endowments, it endows 36 full in-state scholarships (most State schools use the in-state number for athletic scholarships for those coming from out of state) for perpetuity. THINK ABOUT THAT...FOR PERPETUITY. Almost 10% of their athletes will have no issues with scholarship funding, and that's a low number if Bing splits these schollys, which they probably will. I presume W/M hoops are at full scholarships (or pretty close). So this money likely goes to sports like soccer, baseball, and lax, with the most going to soccer/lax the two big dog sports of our conference not named basketball. Or they can start up Field Hockey, if they are really thinking about men's hockey.

Bing spends 5.22 million on athletic aid, and this gift is equates to 1.22 million in athletic aid per annum. So, this is almost a quarter of their annual athletic budget on scholarships. My understanding is Bing is close to the scholarship limit in most sports, with many of those as partial scholarships. If you take the basketball teams, that is probably around $900,000 out of the 5.22 number. That leaves 4.32 million for all other sports.

I know of only a few schools that hit this kind of endowed number at our level- the Ivy's (though they don't give scholarships per say), a couple of Patriot League schools, and William and Mary.

I personally believe (as do others in the industry and others on this board) that W&M will be in the PL in the next 5 years. That brings the league to 11 (with 20 conference hoops games). I believe they will go for a 12th. It would also not shock me if there is any major reshuffling of the AE/MAC/CAA group to see Binghamton at the top of their list (even with the past issues, shoot...BU had their own crises as did Loyola) if Fordham decides to stick it out in the A-10. Binghamton fits PERFECTLY in their geographic footprint...and Binghamton aligns similarly to W&M academically.

Even if Bing doesn't move to the PL...this is a MASSIVE win for their athletic department.

Thanks for the detailed info in this and your subsequent post. Even without the info, this move felt like a "Hello, I'm here" message to the PL -- with the info it feels like it even more.

Edit -- especially when you consider that the PL schools have all opted out (IIRC)

 

Digging deeper, Bing has not opted in. But if they did opt in, the scholarship caps are based on roster limits. These numbers are:

(new roster limits vs. old cap in scholarships-- schools can now offer up to the roster limit in schollys)

Baseball 34 from 11.7 (current limit)
Softball 25 from 12
M Basketball 15 from 13
W Basketball 15 from 15 but now you can have partial rides
M Soccer 28 from 14
W Soccer 28 from 14
M Lax 48 from 12.6
W Lax 38 from 12
W Volleyball 18 from 12
M Swim 30 from 9.8
W Swim 30 from 14
M Tennis 10 from 4.5
W Tennis 10 from 8
M T&F 45 from 12.6
W T&F 45 from 18
M Cross C 17 from 5
W Cross C 17 from 6
M Golf 9 from 4.5
W Golf 9 from 6
M Wrestling 30 from 9.9

The bold are key AE sports that the league focuses on. The bold italics is where Bing is probably at roster limits. Bing will be able to do a lot of playing around considering they have not opted in (the opt in schools will likely not see scholarship increases from the current levels for years, per statements). I could very well see them throw money at soccer, lax, and volleyball.

 

Any ideas on donor(?)- Stack, Tull, or SIG/ByteDance group

 

They'd like to remain anonymous. Even if I had a clue (I don't), it wouldn't make sense to share it.

 

Love the Patriot League talk. It would certainly make sense for everyone involved.

I wouldn't rule out baseball and softball seeing some benefits here. The school has already invested $60M+ in baseball facilities thanks to a previous anonymous gift, and the school also upgraded the softball facilities. Plus, both programs have been successful in recent years. Given the roster sizes for them, I can't imagine we're maxed out yet on either. This could help close that gap.

 

edit - dupe.