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Author Topic: USBC and SMART  (Read 14000 times)

OGrady

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USBC and SMART
« on: April 19, 2006, 11:30:18 AM »
The USBC has now offically forced all Junior bowling Tours and Tournaments into banking the scholarship dollars within SMART funds.  I believe this has been unfairly done because if a Tournament or Tour does not bank these dollars with SMART, that tour will not be sanctioned by USBC.  Two very successful Junior Circuits come to my mind.. The great Junior Bowlers Tour created by Chuck Pezzano Jr. and the baby booming Junior Bowlers Tour Southwest created by East Coast original Jeff Hemer.  For many years Chuck Pezzano Jr. has successfully managed the scholarship dollars and has offered tremendous Junior events to young bowlers of all ages and averages.  Jeff Hemer has recently had great success in Arizona, Nevada, and New Mexico with the guidance of Chuck Pezzano Jr.  Together, these two related junior bowling tours have awarded over 2.2 MILLION DOLLARS in Scholarship money to perspective/current college students.  And the number is growing rapidly.  

The fact of this matter is, the USBC is trying to seize the JBT's right to manage its own scholarship fund.  Not only do I believe this is completely rediculous, SMART has proven to many people that they have been negligent in many apsects of their program.  A recent press release on Bowl.com has indicated as of Augest 1st, 2006, all scholarship moneys must be filed with SMART and the USBC.  This is to avoid risk of POTENTIAL NCAA complications and High School eligability.  My opinion, if Mens collegiate bowling was to be sanctioned by the NCAA, I do not believe I would compete due to the rules they imply based on scholarships.  Bowling is not basketball, think logically USBC.  

Please, anyone who has an opinion on this matter, small or large, or differentiated from any opinion posted..please share

This is the future of Bowling, Don't turn your heads to the game you love.

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Good Luck to Bill O'Neill on Tour this year.

 

Platinum Bowler

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Re: USBC and SMART
« Reply #16 on: April 20, 2006, 10:34:41 PM »
O'grady I understand where you are coming from. The USBC has been doing a terrible job, and just within about a month they have changed many things in the youth area that has made things terrible. Im not thinking like a junior bowler and want things easier. Its just hard to think and know of all scholarships that I have all over because of the many different accounts. I mean off the top of my head right now I can think of 7, and 5 of those accounts, are over at least $1000. Now I know that there are many other accounts that I have scholarships in, some with a good porportion and some with some change. But you know what? That change is still my change, and I have earned the right to use that change. Also I am not going to name anything, but I have bowled some events that had their own scholarship accounts systems and I won some money in those tournaments and never saw it. Now if it was all under SMART then I would have seen it, cause if I never got one of those quotes in the mail about it then I would have asked them about it.

I dont know, maybe you have had problems with SMART, but I never have. I take out some of my scholarship quite a bit and never has anything gone wrong. I also have taken some out with Jeff and JBTSW that I have won. He does a stupendous job, and I am sure Chuck and everyone back east does too, seeing that is from Jeff's routes. I hope they do, seeing I got quite a bit money with them from the few LV Opens that I have bowled, and will be using very soon when I transer. Anyways, I hope you dont think that this is just my attitude because I am aging out of juniors and wont care what happens. Thats not true, I love junior bowling and all the great events it has. I mean later on I plan on running the local junior tournament that I have bowled since the beginning of it (JST).

I think that this is dumb that the USBC is doing so much right now though, just to meet with the standards of NCAA and high school bowling etc. I am all for both of those in bowling as I believe they will help the game grow, but taking away scholarships and awards to comply with their rules isnt fair...at least not yet. I mean maybe one day, when colleges may give out full rides for students to go to that school and bowl like other sports then I am all for it, but till than, its rather dumb. They are making some of the worse mistakes I have ever seen. Now I may not know too much of it all, as I havent read into most of it completely yet, but for me, having one account for my scholarship would be really nice. If you need anything or want me to do anything, let me know man, I got the best of respect for you. Let me know, peace...
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Farewell Tour 05'-06' "No Mercy"

B-Car

JimmyBronx

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Re: USBC and SMART
« Reply #17 on: April 20, 2006, 11:27:41 PM »
Based on the fact that Jeff and Chuck are intelligent and upstanding people, they MUST have a system in which someone in their family is left with specific directions as to how much money is owed to which people.
If I had 2k in scholarship money (a big IF) from bowling, and I had to depend on SMART OR a "dead chuck or jeff" (obviously nothing I want to see, just for this example) I would feel much more confident in the directions left behind by Chuck or Jeff getting me my money than SMART.

Without any government monitoring there is no one to prevent SMART from misplacing 1 million in scholarship money... with Chuck or JEff it is all on a personal level in which law suits could be carried out. Who are you going to complain about SMART to, the very people that run it... which is the USBC. Now obviously this is all HORRIBLE fire and brimstone stuff here, but it is possible. Until the IRS gets involved SMART=STUPID for me and that is why I do not ever let any of my scholarship money sit in a SMART account.
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One can fight without ever winning, but one can never win without a fight... Let's take on the USBC!!!
-what we do now echos in eternity-

jbtsouthwest

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Re: USBC and SMART
« Reply #18 on: April 21, 2006, 10:33:34 AM »
Howdy,

Wow, a topic that deals with my eventual death, I think I'm flattered, lol.


AZBowlr, whoever you are, I would think that you would know me enough to be more responsible than that.  The unfortunate situation you describe was addressed long ago, when we started to hold a significant amount of funds.  It's actually in my living will that funds will be transferred to and managed by (gulp) SMART upon my passing.  Given SMART's current situation, I may eventually transfer that power of disbursement to a different outside source, but the money does not "go to estate"... I would prefer not to have 2,000 bowlers spitting on my fresh grave.  If you were concerned about that, or anything else, please ask me face to face and I will be happy to speak with you.


For all the rest, I just got back from Nationals (humbling), and have to pack and get out to Parkway (hopefuly accident free), and will chip in my two-hundred-cents on all this either tonight or over the weekend.  My basic comment is that USBC is NOT accusing Chuck or myself of not handling our programs well (though it certainly could appear that way)- they know we do.  However, we agree with many other things said in this thread about the "SMART-or-Goodbye" decision, the awards program, etc., and I'll tell you all about it.


Believe me, I appreciate and empathize with the emotion. I have known about this for a long time and have gotten past my emotional part (most of the time, lol).  I'll try and present some facts from my insider's perspective for you all.


For all of you so frustrated you're ready to go adult early, etc., let me just say this: YOU WILL NEVER NOT GET WHAT YOU DESERVE FOR YOUR ACCOMPLISHMENTS WITH JBT SW.  For those of you within range of JBT SW events (and I'd assume JBT east coast too), our program will continue to improve in terms of awards and scholarships and everything else we do that makes us special, no matter what our "national governing body" tells us.  Let me just leave it at that for now and explain more later.    


Lastly, thanks for the kind words in this thread.  I do my best.  :-)


More soon...
Jeff Hemer, JBT SW
www.jbtsw.com

JimmyBronx

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Re: USBC and SMART
« Reply #19 on: April 21, 2006, 02:14:34 PM »
Jeff,
very well said... I hope you realize none of us are hoping for your death, gambling on your death, or running like an office pool or something crazy like that!
It was just a for instance, and I guess it was the first thing that jumped to some peoples' minds... which would certainly creap me out, but you are a tournament director! Cut from a different cloth and able to take such weight upon your shoulder

-Tournament Directors = Super Human Strenght-
lol



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One can fight without ever winning, but one can never win without a fight... Let's take on the USBC!!!
-what we do now echos in eternity-

JBT Boss

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Re: USBC and SMART
« Reply #20 on: April 21, 2006, 03:32:48 PM »
Hello everyone,

I'll get right to the point. 95% of my beef with the new SMART-or-GOODBYE rule is over the income from interest my organization (the Junior Bowlers Tour) will lose. The interest generated by our banked funds enables us to offer greater scholarship prizes throughout the season.

I want SMART to GUARANTEE me that the JBT will make at least as much in interest as we currently do. Instead, they have told me we won't make as much.

Here's the math; you make the call....

SMART now controls $15 MILLION in scholarships. If all tournaments, all bowling centers, all local associations, etc. turn their money over to SMART, a conservative estimate would be that the number would double to $30 MILLION.

I go to the bank every few weeks and put our scholarship money into CDs. In my last visit, the interest rate was 4.4%. The interest rate for Jumbo CDs (over $80,000) was 5.15%. I never have that kind of money to invest, but SMART certainly does. Other NO-RISK investments pay even better rates.

If SMART gives the JBT and similar organizations the 4.4% we can earn without them, they will still make 3/4% on our money. Not all organizations are as vigilant or as much of a pain-in-the-neck as I am, so there will be many (let's say half) that will be blissfully ignorant and will be content with the 2% or so they currently receive from SMART.

If SMART makes 3/4% on $15 MILLION ($112,500)and 3.15% on the other $15 MILLION ($472,500), they pocket $585,000 in interest on other organization's money.

They do have the "administrative" expenses of three people working in the SMART program. That comes out to $195,000 per person. Can I get that job?

I have SOOOO much more I can say, but this is issue #1. Let's start with that.

Chuck Pezzano Jr., Director
Junior Bowlers Tour
www.JBTBowling.com

jbtsouthwest

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Re: USBC and SMART
« Reply #21 on: April 22, 2006, 12:26:15 AM »
Hello,

AZBowlr, I think my last reply didn't post, so I'll try again, though I was rather fond of the last one:

You are a contrarian, and a muckraker, and I take extreme offense to your implications.  Because you continue to post anonymously, I cannot continue with the benefit of the doubt that you may be underage, thus half-excusing your naivete and your lack of realization of how you come across on here.
 
Non-SMART organizations have a really, really good reason to not use SMART, which Chuck has given an excellent basic overview of.  It goes waaaaaaaaaaaaay deeper than that, as he hinted.

You are incredibly off-base with your concerns regarding what happens to unclaimed funds upon my death, or dissolution of the organization.  I do not run my life or my business half-you-know-what.  It's not in YOUR paperwork, it's in MY will.  You do not get a 500+ page expose of our business practices with your scholarship statement-- just like you don't get Burger King's business model with your Whopper, OR SMART's organizational structure with your SMART statement.  Regardless, YOUR money does not just disappear "into estate" if I die-- JBT is a sole proprietorship business, and is handled as such.  I addressed that in my last post.  But I'll say it again-- do you really think I want 2,000 people spitting on my grave?  Yeah, it matters.

As a double-check you may be interested in, non-SMART organizations STILL must not only send in and have their scholarship rules approved annually, we still send in final results and scholarship winnings for all our events.  Thus, how much you have held with JBT is well documented at USBC as well as in our own records. If USBC continues down this policy path, forcing us to potentially not certify, we will continue to provide results to and receive audits from an independent third party as a comforting measure to folks like yourselves who aren't satisfied with our exemplary record which is obvious at every event we run.

I believe we have built up a highly admirable track record with regard to our scholarship holding practices.  If you feel uncomfortable because with our practices, please do not bowl our events- although I can't think of a more ludicrous reason.

FDIC???  Oh, that's right, you weren't alive (or watching finances at least) in the 80's...

In summation, rather than posting incredibly incendiary, baseless remarks, how about asking me in person questions like "what happens if you die?"  I'd be more than happy to answer that, or anything else, for you.  To do as you have chosen reflects poorly on you, not that someone who has a track record of such posts throughout this website would care about such things.  I wish you would.

Thanks,
Jeff Hemer, JBT SW
www.jbtsw.com

jbtsouthwest

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Re: USBC and SMART
« Reply #22 on: April 22, 2006, 12:37:43 AM »
"This is the first time I've seen anything about where all the money goes if something happens to you."

AZBowlr,

One more thing, then I'm done with you.

You have a well-documented history on this message board of bringing up incendiary questions and statements where you ASSUME things that you simply could have asked about.  

Consequently, you then get attacked pretty darned hard, as I just did, by people that you FORCE into defending themselves.  YOU BRING IT ON YOURSELF.

You then reply and backtrack with "I didn't know this" or "I wasn't aware of this", and finish with "why is everyone bashing me"... I'm sorry, but you DON'T KNOW EVERYTHING BEFORE EVERYONE ELSE DOES ABOUT EVERYTHING. However, by then it's too late and the damage has been done, as I think you very well know.   Your generalizations and mis-statements about Laughlin were particulary galling, and that's not even my tournament.

If this is how you react in other areas of your life, you must be a very, very miserable person, and you may find yourself getting much more miserable as the "real world" continues to leave you unaware of things.

I hope in the future when you have an issue, question, or concern with JBT or myself, you will bring it up with me in a private manner first.  

Thanks,
Jeff Hemer, JBT SW
www.jbtsw.com



JimmyBronx

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Re: USBC and SMART
« Reply #23 on: April 22, 2006, 12:44:38 AM »
Chuck... I think it is VERY VERY unfair what you said... you have to think that SOME of that HALF A MILLION $$$$$$$$$$$$$$ bucks goes towards junior bowling. So figuring, based on how much EXTRA money USBC puts in JNG that AT LEAST 20 to 30 bucks of that half million goes towards scholarship money.

Which put's the big 3's income at well under 195,000 (somewhere in the range of 194,970). So let's not jump down their throats just yet.

Remember... with inflation, high costs of living in Wisconsin (remember how high class Wisconsin was????) and gas prices
194k is NOTHING



I KNOW MOBSTERS THAT ARE HAVING PROBLEMS MAKING INTEREST LIKE THAT AND THEY RIP OFF OTHER CRIMINALS... these people are ripping off junior bowlers!

Jeff, good job on explaining what happens in case of a tragedy... (like you getting run over by a USBC exec driving really fast to the bank to cash another 25k interest check). I understand, anyone who does not ... probably works for USBC.
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One can fight without ever winning, but one can never win without a fight... Let's take on the USBC!!!
-what we do now echos in eternity-

JimmyBronx

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Re: USBC and SMART
« Reply #24 on: April 22, 2006, 12:47:31 AM »
USBC... going to make more money be making JNG a 4 day event, adding on an extra hotel night stay, giving themselves some more money per-room/per-night that we stay at sponsored hotels.
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One can fight without ever winning, but one can never win without a fight... Let's take on the USBC!!!
-what we do now echos in eternity-

jbtsouthwest

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Re: USBC and SMART
« Reply #25 on: April 22, 2006, 01:37:15 AM »
Now back to our regular programming...

Hello,

I echo Chuck nearly verbatim as to my primary concern with SMART.

Problem #2 with SMART: Mistakes.  That is not meant to insult them, it's a fact of business life.  I would say that maybe 10% of our bowlers report to me significant, long-lasting problems with the proper claiming, totals of, and application of SMART funds.  Granted, that means that 90% of them have no problem, but 10% is an awful lot.  I fully understand that mistakes will be made, especially in an organization as huge as SMART.  JBT SW makes mistakes, too, we're not perfect by any means- but here's the difference: if we make a mistake, our records are right there and we can fix them instantly.  To fix records with SMART requires a huge buearaucratic process that can be a nightmare for all involved.  If we are sending in our money to SMART on a weekly basis, that only adds another step where problems can develop- it's the old "telephone" game every time.

Also along the mistake front-- I am required to send USBC my tournament results and scholarship winners on a monthly basis.  Every season, some of these results get lost.  USBC has agreed to disagree with me on the semantics of the word "lost" in reference to this.  I am forced to resend them, sometimes multiple times.  My results have, for years, come with a cover sheet that says "if anything is missing, please contact me immediately". Each of the last two years, my certification has been delayed because they had lost results that I had sent in, and failed to tell me about it until I applied for next year's sanction.  To top it off, just last month USBC called me, and the very polite woman informed me they were missing virtually every result from September through December.   This is laughable negligence on their part in my opinion, though I again think they would not call it so.  BUT- here's the kicker-- that really isn't a big deal.  Results are easy to re-send, we keep accurate and complete archives on our end.  BUUUUUTTTT- what if these were SCHOLARSHIPS that I was sending in, with the same results?  What an unbelievebale nightmare!  How could I explain to my bowlers that this move would be for the BETTER?  USBC has reminded me that the results department is separate from SMART.   Yet, how am I supposed to take that risk, given the track record I have described above?  If 10% of the $150,000 or so I would send in next year is lost, as is my estimate of 'mistakes' among our bowlers currently, that is a MAJOR problem.  USBC has given me assurances that they have improved their systems greatly, and that our numbers would put a statistically insignificant strain on their new system.  I remain unconvinced, yet not without hope.

I know it seems like it, but USBC is not saying non-SMART groups do a bad job.  If it is to be believed at face value, it is, through all these moves, ONLY trying to protect potential eligibility of potential NCAA athletes in any sport.  NCAA has informed USBC that in order to do this, all USBC scholarships must be held by a National Governing Body (NGB)- and that awards must be of only intrinsic value (more later).  Thus, everything that USBC-YABA-AJBC etc. have done in the past up to right now is in violation.  That $5 bowling trophy?  Forget it, no college football for you (extreme, but...).

If you are among the many who do NOT take USBC at face value on this issue, that believe that the entire NCAA issue is a convenient facade for the much discussed elsewhere "money grab", then to even discusss solutions to teh SMART-or-Goodbye issue is pointless.  What side of that fence you fall on is at the crux of this discussion, and I urge people to withold too much judgment until a LOT MORE INFORMATION REACHES THE GENERAL PUBLIC.  For the sake of this thread, I will assume USBC is of noble intentions here (I have no offical comment to the contrary):

The other problems and emotions are well documented at this point.  Here's three stages of a potential solution:

1) A Uniform Scholarship Claiming Code is constructed for all non-SMART organizations.  Fixing small variations in each group's claiming rules may make non-SMART organizations a more direct arm of the NGB, satisfying NCAA's rules.  We feel this is not likely to solve the problem, however- even if it would.

2) It has been suggested in a conference call with USBC and Tour directors that perhaps a stronger case for non-SMART groups as arms of a NGB could be made if, when a bowler claims their non-SMART money, that money is first sent to SMART, and then actually distributed by SMART.  This makes SMART a middleman yet still allows non-SMART managament of funds, provides a "check and balance", and also adds a second step, but according to SMART's own statements, they are fully equipped to handle the MUCH higher volume this  would cause.  This sure seems to me to satisfy NGB requirements, but we are not optimistic that USBC will agree.

3) If a viable solution is not found and the wording reamins as is, and the issues Chuck brings up are not addressed satisfactorily, ours and many other Tours, events, associations, etc. etc. will be forced not to certify.  Let me stress that this does NOT by any means mean we do NOT care about the eligibility of JBT bowlers.  Far from it.  A potentially uncertfied JBT event would have a disclaimer for all bowlers who receive scholarships, rings, awards, etc. with the current NCAA eligibility concerns, so a bowler would fully realize that accepting our gorgeous JBT 300 ring, for example, could potentially violate NCAA eligibility rules should they become the next Michael Vick.  We would have the most politically aware bowlers on the PLANET, hee hee.  The ones who may be affected do not accept awards and are thus NOT affected.  The vast majority who do NOT have to worry about this can STILL GET WHAT THEY DESERVE.... maybe I'm not thinking well, but what the living heck is so hard about that???


Well kids, I'm tired and have a JUNIOR TOURNAMENT to run tomorrow, and a bunch of scholarships and awards to hand out- which I think is supposed to be the point of what I do, not spend many hours on each day dealing with this strange series of proclamations USBC is hansding down!!!  

This is like .00000001% of what can be discussed about this.  I appreciate the many respectful and thoughtful responses on here, even those with different viewpoints.  I hope a constructive dialogue can continue.

Thanks,
Jeff Hemer, JBT SW
www.jbtsw.com


JimmyBronx

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Re: USBC and SMART
« Reply #26 on: April 22, 2006, 05:13:15 PM »
buearaucratic...
exactly, if I knew how to spell that I would have said it long ago because I was thinking exactly the same thing!!!


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One can fight without ever winning, but one can never win without a fight... Let's take on the USBC!!!
-what we do now echos in eternity-

stanski

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Re: USBC and SMART
« Reply #27 on: April 23, 2006, 12:31:26 AM »
Just a quick comment, but I don't think that it is currently possible to get a short term investment paying 7.4 percent that is fully insured. I don't care how much money you have, mutual funds that possess much greater funds cannot get those types or interest rates secured.

The prime rate is 7.75%, but there is no way that you are going to get prime rate (smart is not a bank by any means). 6% would probably be a more reasonable estimate, if you consider they don't diversify into equity investments.

Personally, I would just like to do away with the scholarship system and just give cash on the spot to juniors. I know the logistics of this are terrible, and would create many other problems, but the scholarship money to me is just like cash (i have to pay for college either way, just one way filling out paperwork, yelling at people to get the money in and get things figured out and the other sending in a check) but I know my situation does not apply to all junior bowlers.
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stanski

JimmyBronx

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Re: USBC and SMART
« Reply #28 on: April 23, 2006, 04:07:31 PM »
money to juniors would sort of do away with the whole "junior" aspect of staying "junior" lol
it would be nice tho, compete against other bowlers under 21 for cash.

More than logistics would cause problems.
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One can fight without ever winning, but one can never win without a fight... Let's take on the USBC!!!
-what we do now echos in eternity-

jbtsouthwest

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Re: USBC and SMART
« Reply #29 on: April 24, 2006, 12:12:00 AM »
AZBowlr,

Trust me, I read every word of your insipid, baseless, slanderous trash.  You bet I'm mad!

I speak for myself and the participants on conference calls and group emails with key people at SMART and USBC, and non-SMART scholarship holding organizations, including the CEO of USBC, Mr. Roger Dalkin.  You are not privy to and have no knowledge of these calls.  

I call your bluff.  I can absolutely guarantee you nobody at SMART or USBC would say that to you because, according to them, they are in no way doing this for that reason.  Their sole purpose for this move is to try and better protect the interest of athlete's future eligibility. You are, as usual, completely wrong and baseless.

Money unclaimed reverts to the general scholarship fund, which is how we give out over $40,000 at our year-end tournaments alone, which is VASTLY more than is taken in by entry fees, raffles, etc.  Do some really simple number crunching and you'll see, yet again, just how wrong you are.  Where do you think that $2000 for a 300 comes from?  Where do you think B of Y money comes from?  Point bonuses?  Position money when there are 10 scratch entries in New Mexico?  The scholarship awards for our SPORTSMANSHIP winners (which you're clearly a front runner for)?  I urge you that if you feel our payouts are not to your liking, please do not bowl.  Pretty please.  Pretty, pretty please.


Thanks in advance!
Jeff



Edited on 4/24/2006 11:37 AM

JimmyBronx

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Re: USBC and SMART
« Reply #30 on: April 24, 2006, 09:53:34 AM »
AzBowler, if you believe this:
SMART puts unclaimed money back into the account as unclaimed money to be used again for scholarships!!

Then you are a fool. There is no one to regulate SMART and find out if they are taking that money or putting it away. Look at Junior Golf, tens of thousands of dollars go unaccounted for, and the total scholarship prize fund is a mere 65k.
Jeff gives out 40k in his big tourny, and Chuck Pezzano gives out 20k at BEST (with only 160 or so entries). JNG GETS 1500 bowlers and gives out 65k... if Jeff or Chuck got 1500 entries they would easily give out 100k in scholarship money at ONE TOURNAMENT!!!!

Now SMART just sits on its aZZ the whole time and can pocket any money they see fit, and you know what, that amount is in the dozens of thousands of dollars.

Jeff and Chuck... put a ton of money into big end of the year events, and these scholarships are not covered by entry fees. That is besides the point.

IF IF IF IF IF they pocketed any money; it is NOT NEARLY AS MUCH as the money SMART can pocket (1) they never claimed to be running these tournys for free (2) THEY TRAVEL HUNDREDS of miles through all sorts of weather and pay for hotel stays they deserve money (3) Those are 3 GREAT reasons as to why I rather have Jeff and Chuck make a dollar off of me than SMART. SMART does nothing for anyone, just as the USBC does nothing.
Besides the point, I do not even think Jeff and Chuck take this money.

The USBC and SMART and JNG is Bull
btw, If someone can't maintain a 2.0 to collect scholarship money, they have bigger problems to worry about.
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One can fight without ever winning, but one can never win without a fight... Let's take on the USBC!!!
-what we do now echos in eternity-