Where The Dollars Go

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June 7, 2010 by David Gillaspie

 

Where have all the wrestling dollars gone.

For all the supposed good the sport of wrestling gives, where is the give back?

Let’s start with the idea that wrestling is even a sport.  Is it more than two guys trying to tip each other over?  You can get that sport at any college kegger.

What you don’t get at the party wrestling match is the science, known as leverage and torque. 

The frat match is unregulated and dangerous. 

The wrestling match is heavily regulated, officiated, and investigated, and it’s even more dangerous.

If someone claims to support sports, then they have to support wrestling, which is a sport. 

See how that works?  It’s called logic.  Those who claim to support sport can’t exclude some sports in favor of others.

Two magical names in sport do things differently at their two universities, Phil Knight at University of Oregon, and T. Boone Pickens at Oklahoma State University.

How different are they? Using the research skills I honed in earning a history degree, and wiki, I found out.

T. Boone Pickens wants his Cowboys to avoid sacking dorms and frat houses by building them an athletic village on the north side of the OSU campus.

Phil Knight builds a training facility and a study hall but no village. 

Point to Pickens.

T. Boone donates money to the O.S.U. Cowboy Golf Inc., who quickly invest it in BP Capitol Management, a hedge fund controlled by T. Boone Pickens.  He also sits on the O.S.U. Cowboy Golf Inc. board, from which he waived all management fees for his donation.

Phil builds and names the library, the law school, and the basketball arena.  What about the tricky finances?

Point to Pickens again for reportedly turning six million dollars into thirty-one million for the athletic department.

OSU used eminent domain, along with many millions of dollars, to buy and demolish hundreds of homes for the athletic village.

UO took a chunk of a parking lot from Autzen Stadium to build a baseball park.

Point to Pickens.

Phil Knight wants to lease UO land to build more athletic facilities, then donate the building to UO.  Read it again.  Finally Mr. Knight is talking to T. Boone Pickens.  This is the sort of sophisticated deal a corporate raider thinks up.

But there’s still something spectacular about a rich man giving tons of money to the OSU charity where he sits on the board and gives himself permission to move his donated money over to the hedge fund he controls, BP Capitol Management.  So far it’s worked to the tune of over $400 million.

Of that four hundred million dollars, two hundred sixty-five million have gone to athletics.  Oklahoma State still has a wrestling team.

Phil Knight has given hundreds of millions to University of Oregon.  When he returns men’s and women’s wrestling to the Duck athletic department,

Point for Knight.

On the Big Board (wiki info) T. Boone Pickens comes in as the 369th richest person in the world.

Phil Knight stands at sixty-second richest.

Point Phil.

On the point of college wrestling, OSU stands alone, but by returning the program Oregon wins the point.

Point Phil.

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