Thursday, January 30, 2020

Trustees Fear for Future

JANUARY 30, 2020 | written by STEVE ULRICH
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>> Good Thursday Morning!  Are there really just two days left in January?

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1. More Trustees Fear for the Future

"Trustees have grown significantly more concerned about the future of higher education in the last year, according to new polling released today that points to financial sustainability and the prices students pay as top sources of anxiety.
And trustees aren’t just worried about the sector as a whole. A majority are also concerned about the future financial sustainability of their own institutions or systems.
The data also seem to indicate college and university trustees will need to raise their level of performance, according to experts at the membership organization that released the survey, the Association of Governing Boards (AGB) of Universities and Colleges. They lamented stark differences in the number of hours board members report working on corporate boards versus college and university boards.
Those on corporate boards report spending nearly two and a half times as many hours on board work as do their counterparts on higher ed boards. But higher ed board members have equal fiduciary responsibilities and are facing a swiftly changing market."

>> Reality Check: “It requires a considerable investment of time to stay abreast of change and challenges in the business model and changes in student needs and expectations,” said Merrill Schwartz, AGB senior vice president. “I’ve been working at AGB for over 20 years, and I’ve seen a real change over this period of time from trusteeship being an honorific position for many to a serious commitment and calling.”

>> The Key Stat: More than four in 10 trustees, 42 percent, said they were very concerned about the future of the higher education sector in the United States over the next decade, according to the polling, which AGB commissioned from Gallup. That was 14 percentage points higher than in 2018, when only 28 percent of trustees reported being very concerned about higher ed’s future.

>> Of Note: Concern was higher at private nonprofit institutions, where 60 percent of respondents said they were concerned or very concerned. But public institutions weren’t far behind, with about 55 percent expressing concern.

>> Read More from Inside Higher

2. Linking Athletes With Sponsorships

"From the moment California Gov. Gavin Newsom signed Senate Bill 206 into law in late September, paving the way for college athletes to profit from the use of their name, image and likeness through endorsements and other third-party agreements starting in 2023, speculation began as to how this brave new world might function.
For instance, would financial inducements from school boosters — offered and accepted under the table for decades, leading to NCAA infractions investigations for breaking the association’s “amateurism” rules — suddenly rise above board?
But why wait on university presidents, politicians and bureaucrats to put forth a concrete framework for the future? That’s how Zachary Segal felt, anyway.
Last fall, after SB 206 became law, Segal, a Denver entrepreneur, founded, a website that employs crowdfunding techniques to connect college athletes with sponsorship opportunities available at schools. In doing so, he created the first known company to take a theoretical concept for name, image and likeness compensation and bring it to life."

>> Why It Matters: He decided to sponsor the starting quarterback position for each of the teams ranked in the top 10 at $10,000 per player, believing the loosening of NIL rules will lead to an emerging market in the world of digital advertising.

>> Quotable: “The distinction between college sports and professional sports is getting smaller and smaller every day. The fans of college sports are more rabid than pro sports, and the ability in this day and age of these players to reach out on their different social media platforms is bigger than it ever has been before. I think you’re going to see a lot of really strong social media influencers develop from this.”

>> Between The Lines: At this early stage, here’s how would work, using Toco Warranty’s 10 pledges to starting quarterbacks as the scenario:
The $10,000 isn’t promised to a specific recruit. It would be offered to the quarterback who wins the starting job for that season at, say, Baylor. That player would have been able to check during his recruitment and see that benefit would be available to him if he were to become the starting quarterback and compare it to other benefits pledged to other schools, factoring that into his decision.
Baylor’s quarterback would then have the option of accepting the payment in exchange for doing a series of short ads for Toco Warranty from his various social media channels. From Basmajian’s perspective, that would fulfill his obligation to Toco.

>> Keep Reading, courtesy of J. Brady McCullough, Los Angeles Times

3.  Wrestling Rankings  

>> Complete Team Rankings
>> Complete Individual Rankings


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4.   About Last Night

  Allegheny won its first game against the Wooster men since 1998 with an 89-84 road triumph. The victory snapped a 48-game losing streak to the No. 17 ScotsJordan Rawls had 27 points for the Gators.

  Down goes No. 4! Augustana knocked off Elmhurst, 94-93, as Micah Martin poured in a career-high 27. Watch the game-winning shot by Pierson Wofford.

  Drew Johnson set a school and Capital Athletic Conference record by making 13 threes in Mary Washington's 107-76 win vs. Southern Virginia. He finished with, yes, 39 points. The Eagles made 27 triples as a team.

  The University of St. Joseph toppled No. 19 Albertus Magnus, 98-79. Delshawn Jackson Jr. led the way with a career-high 36 points as the Blue Jays won their 15th straight game.

  Maddie Schmitz finished with a game-high 23 points as Saint Benedict (9-9) upended No. 23 Gustavus, 64-53.

  Gettysburg's women (17-1) tied a Centennial Conference record with their 17th straight win in a 71-53 victory at Franklin & Marshall. Ashley Gehrin tossed in 21.

5. Comings and Goings

6.  1 Fun Thing

Axios' Ina Fried with the mega pro-tip.

Screenshot: Ina Fried/Twitter

Credit is due to AJ, Ina’s partner and a 20-year nanny.

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