I'd guess many of you got this email a little while ago too, copying and pasting the email here, with links:
| Griz Nation, As a new year opens, I want to first express my gratitude to Griz fans everywhere. Your passion and financial investment never go unnoticed. Thank you! It is what makes this place amazing. Our goals in Grizzly athletics are crystal clear:
With your help and increased support from the university, we are providing the resources necessary to compete in the changing landscape of college athletics. Strategic planning is no longer the development of a five-to-10-year plan. Of course, a long-term vision is a must, but any plan must be a process that is constantly evaluated, adjusted, and implemented. Our peers are investing, but so are we! Our facilities are second to none and our fan base is the best. We have the foundation to win! Since opting in to the House Settlement more than six months ago, we have taken meaningful steps to position Grizzly athletics for success in this new era of college sports. We are treating our department more like a business — maximizing efficiency, generating new revenue, and reinvesting those resources back into our programs. We are sharing revenue with many of our student-athletes. Through our partnership with Teamworks GM we are executing revenue share agreements between the university and the student-athletes, with seamless and timely payments. Marcus Welnel, Chief Revenue Officer, is managing all these transactions. Where is this revenue coming from? What are the strategies we are using? How is that revenue share being distributed? Revenue derived off the following initiatives is shared with football, men’s basketball and beginning next season with Lady Griz basketball. The vast majority is allocated to football, next with men’s basketball, and then Lady Griz basketball. We are always looking for additional options.
What about all the other sports? Or, what if I want my support directed to a specific program? There is a path to support revenue share and scholarship financial enhancements through the UM Foundation. Revenue share accounts for each of the university’s 15 NCAA Division I sports have been established and contributions may be directed to a specific sport. Grizzly Sports Properties (GSP) is also actively generating revenue for the department through a variety of sponsorship opportunities for local, regional and national businesses. GSP is also working diligently to match businesses with student-athletes who can then promote the business using their name, image and likeness. Not lost in all this “revenue share” world is the absolute importance of a scholarship. We are still focused on providing educational opportunities for student-athletes and WILL NOT diminish the importance of a college education. We have increased scholarship budgets in many sports and make raising money to support scholarships a top priority. We have the data and the personnel to support the coaches in this new world of sharing revenue with the student-athletes. While coaches determine recruiting strategy, including whom and where to recruit and how scholarship and revenue-share resources are deployed, my charge has always been clear: to invest strategically in ways that give us the best chance to compete. How can you help? Here are just some of the ways:
So, who can answer your questions? We all stand ready to help! For specific direction here are your contacts:
One last update regarding facility improvements. Here is where we stand and what is planned short-term moving forward:
We cannot do this without your help. I repeat my gratitude. Grizzly athletics is poised to continue the march to championships! Go Griz! |
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