Cash the check... frame the letterOriginally posted by RP12:
Also curious how many of these checks will get cashed vs framed.
Yes cash the check. Dean would've wanted that obviously. He WOULD NOT have wanted them to frame the letter though.Originally posted by Hark_The_Sound_2010:
Cash the check... frame the letterOriginally posted by RP12:
Also curious how many of these checks will get cashed vs framed.
Great point. I'm sure it'd be easy enough to find Dean's favorite charity to donate the funds to for those players that don't need the $200.Originally posted by WoadBlue:
Most of these guys have 0 need for that check. But I think they should cash them. Not to spend. I think they should use those checks to start fund to help former UNC athletes down on their luck. Turn Dean's final gift to hios players back to new use.
Woad, I was thinking similar thoughts. Dean's gift to these players is $ 36,000.00. Some of these guysOriginally posted by WoadBlue:
Most of these guys have 0 need for that check. But I think they should cash them. Not to spend. I think they should use those checks to start fund to help former UNC athletes down on their luck. Turn Dean's final gift to hios players back to new use.
That is a fantastic idea.Originally posted by Hark_The_Sound_2010:
Great point. I'm sure it'd be easy enough to find Dean's favorite charity to donate the funds to for those players that don't need the $200.Originally posted by WoadBlue:
Most of these guys have 0 need for that check. But I think they should cash them. Not to spend. I think they should use those checks to start fund to help former UNC athletes down on their luck. Turn Dean's final gift to hios players back to new use.
Or even have one of the more financially skilled members take charge of starting up the former UNC athlete fund for all of those that would like to re-purpose the gift.
Per SI's count, he had 184 lettermen. @$200 each, thats $36,800. I'm sure a few will need the $200, and I'm sure Jordan has already put his $200 on black at the roullette table, so say somewhere between $30-35k is "up for grabs".Originally posted by gunslingerdick:
That is a fantastic idea.
Dean coached over 100 players. Multiply that by $200 and you get over $20,000. That would be good seed money for an endowment where the annual dividend could provide support for whatever program the trustees designate. Of course $20,000 doesnt yeild much per year. But you know if the players decided to create an endowment with their money, deep pocketed Heels supporters would throw money at it in Dean's honor. That $20,000 would quickly reach 7 or 8 figures and then provide ample annual return.
As for this... Dean's ultimate goal was to help the greater good, and those less fortunate than yourself. I think it would still be "in the spirit of Dean" to repurpose the money for something greater than a dinner out.Originally posted by CarolinaBlue1982:
Just my 2 cents:
The letter said for each player to "Enjoy a dinner out compliments of Coach Dean Smith"
That's what Coach Smith wanted. That's just what they should do. The more that can do it together, the better.
THIS!Originally posted by CarolinaBlue1982:
Just my 2 cents:
The letter said for each player to "Enjoy a dinner out compliments of Coach Dean Smith"
That's what Coach Smith wanted. That's just what they should do. The more that can do it together, the better.
No need using common sense or logic ! Honor his wish take your family out for a meal per Coach's wish !Originally posted by CarolinaBlue1982:
Just my 2 cents:
The letter said for each player to "Enjoy a dinner out compliments of Coach Dean Smith"
That's what Coach Smith wanted. That's just what they should do. The more that can do it together, the better.
This post was edited on 3/26 4:54 PM by CarolinaBlue1982
Easy to do both. If I was in the position I'd cash the check, eat the dinner, wipe my mouth and then write another check - honour the gift and then pay forward to someone else.Originally posted by ElizabethtownHeel:
No need using common sense or logic ! Honor his wish take your family out for a meal per Coach's wish !
That is what the money was set aside for.
Originally posted by Ozheelfan:
Easy to do both. If I was in the position I'd cash the check, eat the dinner, wipe my mouth and then write another check - honour the gift and then pay forward to someone else.