TOLEDO FOOTBALL TAKES ECONOMICS BACK TO THE 6TH CENTURY
Again, from the hypervigilant eye of the Wizard of Odds, the story of the ‘Stutz and the Toledo athletic department’s odd financial practices gets even odder as the Toledo Blade slices into the rich, juicy, sugary sweet yet salty ham of a good story: Toledo’s practice of bartering tickets and other athletic department benefits for goods and services.
This bartering included rounds of golf, cars, and other goods adding up to a $700,000 tab exchanged over the course of the past year. Most shocking of all?
And, according to university records, $4,050 of a $5,000 trade with Honey Baked Ham in 2004 was used for gift certificates for athletics staff members. Another $500 was used for a staff Christmas party that year.

Toledo football: will work for ham.
Tom Amstutz: greasing the palms of his employees with that gold-foil wrapped wicked duchess of meats, the Honeybaked Ham. The ancient practice of barter may be a happy hobbyist’s way of purchasing Canadian real estate on the cheap, but it’s not a fave of Toledo’s President, Lloyd Jacobs, who put on his no-funderoos by saying that bartering–widespread at other universities, and not illegal–”is not the best practice.”
Tom Amstutz, driver of a brand new ‘07 Honda Ridgeline, would likely disagree. Embroiled as he is–man, does the offseason involve a lot of embroiling–in the points-shaving scandal surrounding Scooter McDougle and scrutiny over his recruiting trips to that hotbed of American football Germany, ‘Stutz might have to find some new wheels and a new magical ham fountain soon.












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This blog is idiotic. Business-to-business bartering is not a black market or gray market practice. Many businesses today barter to help control costs. This includes many university athletic departments AND the wannabe regional newspaper that this article was published in. In fact, the newspaper itself admittedly barters with the University of Toledo.
Once again, The Blah failed to uncover the hoped for scandal in its ongoing vendetta against the University of Toledo. This is a personal issue that the publisher–who lives in Pennsylvania–has had for years with the university.
“Dr.” Jacobs should consider the whorish relationship between the healthcare industry and big pharma before he comments on “the best ideas” for an athletic department operating on a shoe string budget to make ends meet. In fact, in recent years the UT presidents have had the Athletic Director’s hands tied as regards fund raising while the “university” first drained as much money as it could out of potential donors and financial resources.
It’s sad that blogs like this get started by ignorant individuals who have too much time on their hands and think they’re cute spouting off about things they no nothing about. Just think–if every day really were Saturday I’ll bet the author of this blog could get his GED in a week!
Comment by GetSomeSense — July 19, 2007 @ 10:16 am
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The rule is officially on the books, which I interpret as a face-saving sop to the ADs who worked so hard to try to implement it, but the presidents watered down the final product so that schools can meet the standard by average 15,000 *paid* (not actual) once every two years. Combine that with the rule permitting bulk ticket sales to count as “paid,” and you get a formalistic standard that only a crackhead orangutan could fail to meet.
(In case you couldn’t tell, I’m a tax lawyer by training, and I *love* rules that are this easy game.)
Comment by DevilGrad — July 10, 2007 @ 10:52 am
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#7 Thanks devilgrad. Does the NCAA enforce the 15K minimum for D-1 status anymore? I thought the rule was put on the shelf.
Comment by Captain Kirk — July 10, 2007 @ 10:05 am
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#9 Thanks for the link to an article I’d have to register to read. Does it have to do with his bypass surgery malpractice suit being back on?
If you hate Weis that much, at least take comfort that we’ve learned that “if it bleeds (internally for 30 hours after bypass surgery), we can kill it.”
Comment by Allahver Fist — July 10, 2007 @ 8:44 am
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Where’s the fruitcake & jello salad?
Comment by yoyofutbawl — July 10, 2007 @ 7:45 am
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Here for you, Chica. After all, if you stopped hating Weis (and thank you for spelling his name correctly), I’d have to stop hating Carroll in return, and then where would we be?
Comment by Nate — July 10, 2007 @ 12:22 am
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Thank you Nate for the kind words of encouragement. I’m sure I’ll be back in the swing of things soon.
Comment by Trojan Chica — July 9, 2007 @ 11:45 pm