Paying It Forward

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Byaaaahhh's picture

Didn't the Borens just give back like a million dollars?

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Weave77's picture

Yep, they presented the check on the field this past Saturday.

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Dweinz's picture

I'm sure they already do make donations, just not publicly.

and the university already made a ton of money off of them while they were in school

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NorCal Buckeye's picture

Yep, if the athletes went pro then they already provides their contribution to the school through their amateur performances.

Yeah, they got tuition, room and board to uphold the whole student-athlete thing but they didn't directly profit.

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Extramedium's picture

Except for the NFL contract part.  Ok maybe it’s not DIRECT but it’s “almost direct” 

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Weave77's picture

Ohio State's athletic department brought in $205.6 million in revenue last year, the university has an endowment of $5.2 billion, and The James/Wexner Medical Center brought in revenue of $4.03 billion for the 2019 fiscal year. Meanwhile, according to Sports Illustrated, 78% of NFL players are bankrupt or in extreme financial stress within 2 years of leading the sport, while 60% of NBA players declare bankruptcy 5 years after retirement. 

Given that any financial gift, no matter how generous, would just be a drop in the bucket for any of the above institutions, and that statistically speaking, former athletes are likely to be in a poor place financially, it would probably be wise for former Ohio State student athletes to refrain from donating money to Ohio State unless they are well-established and financially secure in their post-athletic career. To that point, this has most certainly been done in the recent past, most notably with Jack Nicklaus and the Boren family.

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Extramedium's picture

even at league minimums, if you’re bankrupt after 2 years post retirement, that’s 100% on you. Instead of refraining from making charitable donations of any type, I’d blame the line of thinking that lead to the Bugatti in the driveway.

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3DJ's picture

I used to work for a former player that was very well off from his days in the nba. He wouldn’t come out and say so, but I read between the lines there’s actually quite a bit of pressure put on them to donate back. Now, they get perks when doing so as well, but I think it could add up when one is retired from the league after several years. These guys have people coming at them from all directions for investments and partnerships. 

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falloutboy89's picture

I feel like almost every game I attend they cart out a former player or two (and their family) and announce their contribution to the school and/or athletic department. It seems so regular that it may not make national or even local news at this point.

¯\_(ツ)_/¯

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Chic'sGhost's picture

It happens all the time. Maybe you don't follow the goings on at OSU as close as we do.  

Barney Fife lives, and he lives amongst us.

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readnguy's picture

Plus, there is a chance that many of these former OSU athletes give back anonymously. True giving does not involve publicity!

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Major H's picture

True giving does not involve publicity!

Giving anonymously gives you the best feeling inside.  

I'd rather be an hour early than a minute late.

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Zonabuck's picture

A lot of these guys come back and train in the offseason, which has the additional impacts of working with the guys on the current roster, bringing back things they’ve learned, mentoring, etc.  Some, like Zeke, have siblings at OSU, and his father worked as part of Urban’s staff to help parents and players transition to college and adulthood. I’m sure there are all,sorts of donations we never hear about. 

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Sanitarian2's picture

College athletes have already been taken advantage of, making untold billions for their respective Universities, why should they be expected to give back more once they escape the system. If anyone should give back it's the PELL grant students, they took from us all and we didn't even get to watch them run, kick or dunk.

Sani

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stxbuck's picture

Lots of ways for athletes charitable donations to make helluva lot bigger and better impact than giving back to the  athletic dept

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QuadCitiesBuckeye's picture

when was the last time a former football player (or any student athlete) who went on to play their sport professionally, end up donating to some cause at the University. I'm sure it's happened. I hope it's happened

Happened 6 days ago, in the form of a giant-ass $1M check from the Borens.

Shandy is not beer

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Buck95's picture

Why put it all on just former athletes?  If every living member of The OSU alumni (not the Alumni Association but alumni in general) donated $2 a week to the university, that would rake in over $50 million a year.  That's roughly like skipping one Starbucks every other week.
 

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stxbuck's picture

Hah-the alumni association wants to keep suckers on the hook now. I got my one time, lifetime membership  over 20 years ago to get football tix. The association doesn’t offer that option any more, but I’m grandfathered in. 

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Buck95's picture

Yeah, I got my lifetime membership 20+ years ago too (95 grad).

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BigWillRIP's picture

Joey Galloway donated $1 million about 15 years ago to used for a scholarship in perpetuity. 

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