Anderson - is he really the guy ?

[RedStormNC]

Broker the deal Alek J Hidell !!!  (I had to look that up...JFK was before my time)

Monte and mjm can be your ambassadors to sign the treaty at his stable wherever that is .... lol

 

[mjmaherjr]

One could make a case that just getting kids NIL money with his companies could even have a bigger impact in turning our program around that could surely land big time recruits when you offer body armour vitamin water deals

 

[bamafan]

My take is no one can make anyone else write a check they don't want to write, but if the right people can genuinely articulate how that person's ability can have lasting, transformational and positive influence on the next generation in someone's childhood community and alma mater both academically and athletically, there should always be a chance and it's worth proactively pursuing.  I think Fr. Shanley could have that potential, but perhaps Repole would be better served hearing it from others (ex. students in need, athletes etc) too in a constructive manner.

Maybe if Zach B. is reading this thread, he should write a follow up / post Francesa WFAN interview article.... lol... that might get some attention... lol

Interesting quotes from Repole on his business philosophy

[URL]https://www.thedrum.com/news/2021/10/11/bodyarmor-founder-mike-repole-if-you-re-not-failing-you-re-not-trying-hard-enough[/URL]]Bodyarmor founder Mike Repole: ‘if you’re not failing, you’re not trying hard enough’ | The Drum[/url]

So in other words nobody has been trying harder than St. John's basketball.

 

[RedStormNC]

50 Impactful Athletic Boosters in College Athletics

 [URL]https://www.silverwavesmedia.com/news_article/show/1180447[/URL] 

 

[firestorm]

50 Impactful Athletic Boosters in College Athletics

 [URL]https://www.silverwavesmedia.com/news_article/show/1180447[/URL] 

Very interesting list. The NIL opportunity is going to change college athletics...DAN LAMBERT - MIAMI

With the new rule going into effect allowing players to make money off their name and likeness (NIL), Dan Lambert was one of the first boosters to capitalize on this. He has promised a $500 a month endorsement deal for every scholarship player on the University of Miami football team that promotes his UFC gym. As NIL deals continue to grow it will be interesting to see how much money these student-athletes can capitalize on.

 

[beast of the east]

So if I understand this correctly, Repole, a passionate SJU alum and basketball fan, and the one guy who can single handedly provide the finances to upgrade our facilities and a whole lot more, which will in turn elevate our program,  hurt the feelings of a few BOT members so he's not really welcome at SJU. Well, he's sorta welcome, but he's gotta be the one to make the first move. If that's accurate,  I gotta tell ya, that's one of the most ridiculous things I've ever heard in my life. SJU needs Repole, not the other way around.  No wonder this school is in dire financial straits . 

Reach out to him.  He's as passionate as you are.  Maybe you'll have some luck.   Like I said, there are lines of communication open.   There is no one blocking Repole, or wouldnt take his calls.  I think you are commenting based on you chatting with some people on here without knowing very much about anything.   You say that Repole would be unwelcomed by SJU and that's not true.   He just can't ever repeat his ridiculous, immature, outbursts.  He might be welcomed on here for that.

I seriously think that his most ardent supporters on here should reach out to him.

He probably doesn't see his behavior as "Immature outbursts". But sometimes that's what it takes to get results. Clearly he didn't get this successful by running around all day and behaving like a petulant child. The school needs to figure out how to make this about business, and not make personal. Anyhow, glad to see if he and I have any friends in common, seeing as we grew up pretty close to one another and I have lots of friends from MV. Not sure he would even talk to me, but I'll see what I can do. The way I see it, it's worth a shot, since I can't do any worse then the administration has done with him. 

First off, to be completely clear, I have enormous respect and admiration for what Repole has accomplished in business, the same sort of respect I have for Monte as a person.    He was formative in Vitamin's water success, built up a company he acquired and sold it for a profit, and started a company that he also grew from the ground up.    Doing something once is impressive enough, but sometimes a fluke.   Doing it 3 times is highly unusual and shows incredible talent.   

In each case, he was the king.  He is very used to having his way.    Getting in at the ground floor with Vitamin Water, he never had to climb the corporate ladder in a well established, highly structured environment.   People who do that either have or develop communication skills that enable them to navigate successfully through conflicts, difference of opinion, pitfalls, and serious problems.   They rise largely in part due to these skills.    Repole never had that as far as I see.

By all means, Repole had a seat at the table, and plenty of input in the coaching decision.   He had access to everyone involved in the decision and worked them in a way over the top manner to try to get his way.    The way I see it, Repole, a well known horse gambler, went about it in a smart gambler's manner - he hedged his bet.    So to get some people on board with his choice of coach (Bobby H), he made a bold promise $10 million towards a remake of CA.   Of course it was never a commitment to do so, and MAYBE if he got his way he follows thru, maybe he put strings on that too.    

As I remember, Hurley was making less than $1.5.   His number to come here though was more in the Danny Hurley range - $3 million plus.   The only person who thought we should spend that much on a guy who had limited success was Repole.   Still, he persisted in badgering every single decision maker on Hurley alone, and to up the spend to $3 million or more. (I think Danny makes $4 million).   When it was clear his efforts weren't working, he called in a favor from horse player Francessa to air his grievances publicly.   Francessa was more of less obliged to do so after riding on Repole's private jet to the Kentucky derby reportedly more than once.   So this is where we are.

For my money Anderson is a much greater choice than Hurley.   He IS our guy, for now at least.  IF he recruits well and wins, he will retire from here.  If not, he will end up on the scrapheap where all SJU failed coaches reside.   Pretty simple.

Now for Repole as the savior, to my knowledge there are about 85 SJU donors who have donated $1 million or more to the school.   Repole is more towards the bottom in my knowledge, having donated about a million.

He's opened eyes by making some very public large donations from his own charity.   I know a little about this sort of thing.   When you sell a company, you pay federal capital gains tax on the profit (either long term of short term capital gain) and in NYS where there is no capital gains, the sale counts as ordinary income.   To protect some of that from taxes, you can establish a charitable donor advised fund.   The money is shielded from income tax, technically not yours, but you can control how it is allocated.   If I had to bet, Repole likely did this, and although made an enormous donation to Sloan Kettering, will likely pay this off over time, probably from the growth of the fund he established.   If he wants a seat at MSK's table in decision making, there is not much stopping him from ceasing to fund that donation, presuming nothing is in writing.  At Repole's level, he is likely advised by attorneys and accountants in terms of staying in line.   

A lot of this Repole tragedy is about his desire to control decisions and control others by the might of his wealth.   Those with equal wealth are not as easily impressed as us peons. 

 

[monte]

So if I understand this correctly, Repole, a passionate SJU alum and basketball fan, and the one guy who can single handedly provide the finances to upgrade our facilities and a whole lot more, which will in turn elevate our program,  hurt the feelings of a few BOT members so he's not really welcome at SJU. Well, he's sorta welcome, but he's gotta be the one to make the first move. If that's accurate,  I gotta tell ya, that's one of the most ridiculous things I've ever heard in my life. SJU needs Repole, not the other way around.  No wonder this school is in dire financial straits . 

Reach out to him.  He's as passionate as you are.  Maybe you'll have some luck.   Like I said, there are lines of communication open.   There is no one blocking Repole, or wouldnt take his calls.  I think you are commenting based on you chatting with some people on here without knowing very much about anything.   You say that Repole would be unwelcomed by SJU and that's not true.   He just can't ever repeat his ridiculous, immature, outbursts.  He might be welcomed on here for that.

I seriously think that his most ardent supporters on here should reach out to him.

He probably doesn't see his behavior as "Immature outbursts". But sometimes that's what it takes to get results. Clearly he didn't get this successful by running around all day and behaving like a petulant child. The school needs to figure out how to make this about business, and not make personal. Anyhow, glad to see if he and I have any friends in common, seeing as we grew up pretty close to one another and I have lots of friends from MV. Not sure he would even talk to me, but I'll see what I can do. The way I see it, it's worth a shot, since I can't do any worse then the administration has done with him. 

First off, to be completely clear, I have enormous respect and admiration for what Repole has accomplished in business, the same sort of respect I have for Monte as a person.    He was formative in Vitamin's water success, built up a company he acquired and sold it for a profit, and started a company that he also grew from the ground up.    Doing something once is impressive enough, but sometimes a fluke.   Doing it 3 times is highly unusual and shows incredible talent.   

In each case, he was the king.  He is very used to having his way.    Getting in at the ground floor with Vitamin Water, he never had to climb the corporate ladder in a well established, highly structured environment.   People who do that either have or develop communication skills that enable them to navigate successfully through conflicts, difference of opinion, pitfalls, and serious problems.   They rise largely in part due to these skills.    Repole never had that as far as I see.

By all means, Repole had a seat at the table, and plenty of input in the coaching decision.   He had access to everyone involved in the decision and worked them in a way over the top manner to try to get his way.    The way I see it, Repole, a well known horse gambler, went about it in a smart gambler's manner - he hedged his bet.    So to get some people on board with his choice of coach (Bobby H), he made a bold promise $10 million towards a remake of CA.   Of course it was never a commitment to do so, and MAYBE if he got his way he follows thru, maybe he put strings on that too.    

As I remember, Hurley was making less than $1.5.   His number to come here though was more in the Danny Hurley range - $3 million plus.   The only person who thought we should spend that much on a guy who had limited success was Repole.   Still, he persisted in badgering every single decision maker on Hurley alone, and to up the spend to $3 million or more. (I think Danny makes $4 million).   When it was clear his efforts weren't working, he called in a favor from horse player Francessa to air his grievances publicly.   Francessa was more of less obliged to do so after riding on Repole's private jet to the Kentucky derby reportedly more than once.   So this is where we are.

For my money Anderson is a much greater choice than Hurley.   He IS our guy, for now at least.  IF he recruits well and wins, he will retire from here.  If not, he will end up on the scrapheap where all SJU failed coaches reside.   Pretty simple.

Now for Repole as the savior, to my knowledge there are about 85 SJU donors who have donated $1 million or more to the school.   Repole is more towards the bottom in my knowledge, having donated about a million.

He's opened eyes by making some very public large donations from his own charity.   I know a little about this sort of thing.   When you sell a company, you pay federal capital gains tax on the profit (either long term of short term capital gain) and in NYS where there is no capital gains, the sale counts as ordinary income.   To protect some of that from taxes, you can establish a charitable donor advised fund.   The money is shielded from income tax, technically not yours, but you can control how it is allocated.   If I had to bet, Repole likely did this, and although made an enormous donation to Sloan Kettering, will likely pay this off over time, probably from the growth of the fund he established.   If he wants a seat at MSK's table in decision making, there is not much stopping him from ceasing to fund that donation, presuming nothing is in writing.  At Repole's level, he is likely advised by attorneys and accountants in terms of staying in line.   

A lot of this Repole tragedy is about his desire to control decisions and control others by the might of his wealth.   Those with equal wealth are not as easily impressed as us peons. 

2 questions; are you sure about NYS capital gains? I've sold a piece of real estate or 2 over the years and there's a NYS capital gains rate of almost 9%. Wouldn't that apply to the sale of the business as well. Second, with regard to those who are equally was wealthy as Repole, and who are not impressed, why don't they then pony up the money for a tacitly upgrade if that's mainly preventing us from having a successful program? I would assume men's basketball generates the most revenue at SJU other then maybe tuition. As we both know, you've gotta spend money to make money. So what's the issue? 

 

[beast of the east]

So if I understand this correctly, Repole, a passionate SJU alum and basketball fan, and the one guy who can single handedly provide the finances to upgrade our facilities and a whole lot more, which will in turn elevate our program,  hurt the feelings of a few BOT members so he's not really welcome at SJU. Well, he's sorta welcome, but he's gotta be the one to make the first move. If that's accurate,  I gotta tell ya, that's one of the most ridiculous things I've ever heard in my life. SJU needs Repole, not the other way around.  No wonder this school is in dire financial straits . 

Reach out to him.  He's as passionate as you are.  Maybe you'll have some luck.   Like I said, there are lines of communication open.   There is no one blocking Repole, or wouldnt take his calls.  I think you are commenting based on you chatting with some people on here without knowing very much about anything.   You say that Repole would be unwelcomed by SJU and that's not true.   He just can't ever repeat his ridiculous, immature, outbursts.  He might be welcomed on here for that.

I seriously think that his most ardent supporters on here should reach out to him.

He probably doesn't see his behavior as "Immature outbursts". But sometimes that's what it takes to get results. Clearly he didn't get this successful by running around all day and behaving like a petulant child. The school needs to figure out how to make this about business, and not make personal. Anyhow, glad to see if he and I have any friends in common, seeing as we grew up pretty close to one another and I have lots of friends from MV. Not sure he would even talk to me, but I'll see what I can do. The way I see it, it's worth a shot, since I can't do any worse then the administration has done with him. 

First off, to be completely clear, I have enormous respect and admiration for what Repole has accomplished in business, the same sort of respect I have for Monte as a person.    He was formative in Vitamin's water success, built up a company he acquired and sold it for a profit, and started a company that he also grew from the ground up.    Doing something once is impressive enough, but sometimes a fluke.   Doing it 3 times is highly unusual and shows incredible talent.   

In each case, he was the king.  He is very used to having his way.    Getting in at the ground floor with Vitamin Water, he never had to climb the corporate ladder in a well established, highly structured environment.   People who do that either have or develop communication skills that enable them to navigate successfully through conflicts, difference of opinion, pitfalls, and serious problems.   They rise largely in part due to these skills.    Repole never had that as far as I see.

By all means, Repole had a seat at the table, and plenty of input in the coaching decision.   He had access to everyone involved in the decision and worked them in a way over the top manner to try to get his way.    The way I see it, Repole, a well known horse gambler, went about it in a smart gambler's manner - he hedged his bet.    So to get some people on board with his choice of coach (Bobby H), he made a bold promise $10 million towards a remake of CA.   Of course it was never a commitment to do so, and MAYBE if he got his way he follows thru, maybe he put strings on that too.    

As I remember, Hurley was making less than $1.5.   His number to come here though was more in the Danny Hurley range - $3 million plus.   The only person who thought we should spend that much on a guy who had limited success was Repole.   Still, he persisted in badgering every single decision maker on Hurley alone, and to up the spend to $3 million or more. (I think Danny makes $4 million).   When it was clear his efforts weren't working, he called in a favor from horse player Francessa to air his grievances publicly.   Francessa was more of less obliged to do so after riding on Repole's private jet to the Kentucky derby reportedly more than once.   So this is where we are.

For my money Anderson is a much greater choice than Hurley.   He IS our guy, for now at least.  IF he recruits well and wins, he will retire from here.  If not, he will end up on the scrapheap where all SJU failed coaches reside.   Pretty simple.

Now for Repole as the savior, to my knowledge there are about 85 SJU donors who have donated $1 million or more to the school.   Repole is more towards the bottom in my knowledge, having donated about a million.

He's opened eyes by making some very public large donations from his own charity.   I know a little about this sort of thing.   When you sell a company, you pay federal capital gains tax on the profit (either long term of short term capital gain) and in NYS where there is no capital gains, the sale counts as ordinary income.   To protect some of that from taxes, you can establish a charitable donor advised fund.   The money is shielded from income tax, technically not yours, but you can control how it is allocated.   If I had to bet, Repole likely did this, and although made an enormous donation to Sloan Kettering, will likely pay this off over time, probably from the growth of the fund he established.   If he wants a seat at MSK's table in decision making, there is not much stopping him from ceasing to fund that donation, presuming nothing is in writing.  At Repole's level, he is likely advised by attorneys and accountants in terms of staying in line.   

A lot of this Repole tragedy is about his desire to control decisions and control others by the might of his wealth.   Those with equal wealth are not as easily impressed as us peons. 

2 questions; are you sure about NYS capital gains? I've sold a piece of real estate or 2 over the years and there's a NYS capital gains rate of almost 9%. Wouldn't that apply to the sale of the business as well. Second, with regard to those who are equally was wealthy as Repole, and who are not impressed, why don't they then pony up the money for a tacitly upgrade if that's mainly preventing us from having a successful program? I would assume men's basketball generates the most revenue at SJU other then maybe tuition. As we both know, you've gotta spend money to make money. So what's the issue? 

That's the same rate as the top tier rate in NYS ordinary income tax?   I rely on accountants and lawyers to provide advice, and my recollection is that's what I was told.   Given the federal capital gains rate is now 20% (raised from 15% during the Obama administration around 2015),  I was guessing that NYS would also have a capital gains tax less than ordinary income.  I was told it did not exist in the state, but you may be right and that it is just the same as ordinary income. 

Well, consider that Bill Collins, who Repole called out by name to be removed from the board, did donate $10 million to the university (after previously donating millions), and BIll Janetschek (current chair of BOT) recently donated $1 million to athletic department facilities (after donating millions to the university) these guys have already donated tons of money to the university.   Many large donors already provide internships for SJU students, and hire a decent number of our grads.   They are doing their part, in my opinion.   In general though, in terms of raising funds, the athletic department doesn't get the attention as some other areas of the university.   I think this is where our fan base comes in.  

My belief, with zero inside information, is that Father Shanley would kick in university money for facilities upgrade if our fan base was more responsive in supporting the effort.    I would think for example, if Red-White doubled in size, if the number of donors (not just dollars) increased significantly, he would respond to the effort and at least "loan" the athletic department money to fund the facilities upgrade. 

The men's basketball team does generate a lot of revenue, but it is allocated towards supporting all men's and women's varsity sports, and even then is insufficient in terms of the overall budget.   Winning more would generate more revenue in terms of ticket sales, and upgraded facilities are a factor in attracting the talent we need to win.    

 

 

[Ray Morgan]

It is good to see the discussion shift off of CMA and on to the trying to resolve the one constant during the 20 year coaching carousel. The coaches change, the assistants change, and CA, will some cosmetic changes thrown in, is the same. The recruiting approach is the same. NIL in the media center of the world should be maximized as a recruiting tool. There has to be a way to make New York City's only major college basketball program own the town like in 1985. Especially considering our pro teams aren't exactly winning championships lately.

 

[19854ever]

Beast great insight and information regarding the Repole fall out. My question is threefold :

1. Why is Joseph Olivia  held in such high regard?

2. Is Joe Olivia the main reason for the Repole fall out? 

3. Who is worth more long term to the University and specifically the men’s basketball program Joe Olivia or Mike Repole? 


Kind Regards, 

19854ever

 

[monte]

Again, to tough to deal with the quote function with multiple posts. Beast to the best of my knowledge, the capital gains hit as a NY resident is somewhere in the range of 35% with federal, state, obamacare surcharge, etc added up. Just an FYI. As for the fans doing their part, Cragg just went on Twitter and said that season ticket sales are up 33% over last year, so it seems to me that the fans are doing thier part. Now, I expect to hear "that's not enough", which begs 2 questions; how much is enough(to get an upgrade to the facilities)? And why is so much of this burden being placed on fans? I don't get it. And usually(not always) when i don't get something, it means something's not right about it. 

 

[beast of the east]

Beast great insight and information regarding the Repole fall out. My question is threefold :

1. Why is Joseph Olivia  held in such high regard?

2. Is Joe Olivia the main reason for the Repole fall out? 

3. Who is worth more long term to the University and specifically the men’s basketball program Joe Olivia or Mike Repole? 


Kind Regards, 

19854ever

My take on all of this is that during Bobby G's reign, tight financial controls were in place.  He wasn't really equipped to be a university president, and cut corners wherever possible to keep us afloat.   When Monasch left, Oliva just assumed more responsibility at Gempeshaw's request or acquiescence.    Goff was really a mistake, a lightweight hire when no suitable candidate was hired, and Oliva took a more active role.    He still is Chief Administrative Officer at SJU, and athletics is a department that still reports to him.    I don't know him but he does have an impressive academic and career resume.   

I think Repole is the main reason for the Repole fallout, not Oliva.   When you are part of a team decision, you can only influence a decision and not have it your way.   As unusual as Repole's behavior was, he was part of the team until he took his gripe public.  It was internal business at that point, and I'm not sure what he hoped to accomplish by torching everyone.  No one pushed Repole out the door.

I don't have a horse in the game as to question 3.  Obviously someone willing to donate large sums of money to the university is very important to the financial health.   Obviously a talented administrator is important as well, no less one that is also a Deacon in the Diocese of RVC.   Other than on here, I've never heard Oliva's name get mentioned.

Keep in mind that when Finneran donated $22 million to Villanova, other alumni donors (thousands) kicked in the other $50 million.   It's never about one person, but as important as one wealthy donor it takes all of us doing our part if we want a successful program,  .

 

[beast of the east]

Again, to tough to deal with the quote function with multiple posts. Beast to the best of my knowledge, the capital gains hit as a NY resident is somewhere in the range of 35% with federal, state, obamacare surcharge, etc added up. Just an FYI. As for the fans doing their part, Cragg just went on Twitter and said that season ticket sales are up 33% over last year, so it seems to me that the fans are doing thier part. Now, I expect to hear "that's not enough", which begs 2 questions; how much is enough(to get an upgrade to the facilities)? And why is so much of this burden being placed on fans? I don't get it. And usually(not always) when i don't get something, it means something's not right about it. 

Does New York Have Capital Gains Taxes? (pocketsense.com)

"New York State does not have a separate long-term capital gains rate like the federal government. Instead, New York taxes capital gains, whether long-term or short-term, as ordinary income. If you live in New York City, you will also have to pay city income tax on the gains."

Last year we didn't have in person games. I'm guessing the number is of fans who donated the season ticket amount to the school , or those who did buy but rolled them over to this year.

 

[beast of the east]

Last year we didn't have in person games. I'm guessing the number is of fans who donated the season ticket amount to the school , or those who did buy but rolled them over to this year.

 

[SJU Double Alumn]

Again, to tough to deal with the quote function with multiple posts. Beast to the best of my knowledge, the capital gains hit as a NY resident is somewhere in the range of 35% with federal, state, obamacare surcharge, etc added up. Just an FYI. As for the fans doing their part, Cragg just went on Twitter and said that season ticket sales are up 33% over last year, so it seems to me that the fans are doing thier part. Now, I expect to hear "that's not enough", which begs 2 questions; how much is enough(to get an upgrade to the facilities)? And why is so much of this burden being placed on fans? I don't get it. And usually(not always) when i don't get something, it means something's not right about it. 

There are some naive assumptions here and in the prior post. Men's basketball brings in some decent revenue, much more than at a non-major school, but as a percentage of the University's budget it isn't that substantial. Donations and the endowment are much more significant.
I'm all for spending the $60-80 million or so to upgrade our basketball facilities, but you seem to think that the administration can just snap its fingers and there it is. This would be a massive effort to get the funding to do this. We would likely need far more in alumni donation than Repole ever has given or seemed likely to ever give, something from the endowment, and debt. And there would be risk involved that has to be weighed against other alternatives. It's great that you advocate this but if you have a good plan for how to get there, I don't see it from you.

 

[monte]

Again, to tough to deal with the quote function with multiple posts. Beast to the best of my knowledge, the capital gains hit as a NY resident is somewhere in the range of 35% with federal, state, obamacare surcharge, etc added up. Just an FYI. As for the fans doing their part, Cragg just went on Twitter and said that season ticket sales are up 33% over last year, so it seems to me that the fans are doing thier part. Now, I expect to hear "that's not enough", which begs 2 questions; how much is enough(to get an upgrade to the facilities)? And why is so much of this burden being placed on fans? I don't get it. And usually(not always) when i don't get something, it means something's not right about it. 

There are some naive assumptions here and in the prior post. Men's basketball brings in some decent revenue, much more than at a non-major school, but as a percentage of the University's budget it isn't that substantial. Donations and the endowment are much more significant.
I'm all for spending the $60-80 million or so to upgrade our basketball facilities, but you seem to think that the administration can just snap its fingers and there it is. This would be a massive effort to get the funding to do this. We would likely need far more in alumni donation than Repole ever has given or seemed likely to ever give, something from the endowment, and debt. And there would be risk involved that has to be weighed against other alternatives. It's great that you advocate this but if you have a good plan for how to get there, I don't see it from you.

I'll tell you what I've told Beast and others, it's not by job to figure this stuff out. That's the job of the people at the school who get paid big bucks to do that. Having said that, if there was an actual plan in place(IE a fundraising drive earmarked for new facilities, a specific plan with a goal, etc), maybe I would feel more confident that the school was actually serious about upgrading the facilities and the program. But all I've heard so far is what sounds like total BS to me. "Take our word for it and just buy more tickets and send us more donations", etc.  Thats BS to me. When the school talk about "national championships", without taiking about how they plan on elevating our program to that level, that's also BS to me. Obviously you, and whoever, are entitled to believe whatever you chose. 

 

[monte]

Again, to tough to deal with the quote function with multiple posts. Beast to the best of my knowledge, the capital gains hit as a NY resident is somewhere in the range of 35% with federal, state, obamacare surcharge, etc added up. Just an FYI. As for the fans doing their part, Cragg just went on Twitter and said that season ticket sales are up 33% over last year, so it seems to me that the fans are doing thier part. Now, I expect to hear "that's not enough", which begs 2 questions; how much is enough(to get an upgrade to the facilities)? And why is so much of this burden being placed on fans? I don't get it. And usually(not always) when i don't get something, it means something's not right about it. 

Does New York Have Capital Gains Taxes? (pocketsense.com)

"New York State does not have a separate long-term capital gains rate like the federal government. Instead, New York taxes capital gains, whether long-term or short-term, as ordinary income. If you live in New York City, you will also have to pay city income tax on the gains."

Last year we didn't have in person games. I'm guessing the number is of fans who donated the season ticket amount to the school , or those who did buy but rolled them over to this year.

I think we're both right on the capital gains issue. There is a NY State tax on capital gains, but you are correct, it is taxed as ordinary income. Depending on one's tax bracket, the total capital gains hit in NY state on the sale of a business, real estate, stocks, etc could each close to 40%. 

 

[lawmanfan]

OK well if Monte and Beast are (a) both right; and (b) agree with one another, then it's time to shut down the site.  Our work here is done.  Merry Xmas to all, and to all a good night.

 

[beast of the east]

OK well if Monte and Beast are (a) both right; and (b) agree with one another, then it's time to shut down the site.  Our work here is done.  Merry Xmas to all, and to all a good night.

Believe it or not, we really are very good friends.  

 

[monte]

OK well if Monte and Beast are (a) both right; and (b) agree with one another, then it's time to shut down the site.  Our work here is done.  Merry Xmas to all, and to all a good night.

Beast and I actually agree on many things, but when we disagree we are 2 immovable objects. "Testa dura" in Italian.