Separate the conference payouts from fundraising in that head of yours. It's two different buckets and we're not talking about the same thing. I don't know how many times I have to tell you.
The comments from Matt Larsen and Dean Bresciani have been that the increase in revenue helps offset the increase in costs (travel, salaries, scholarships, etc.) Is it some big great cash cow? No. Is it a full 1 to 1 replacement? Probably not. Is it more than half? Yes.
It has to be the right conference (hence his point about getting into a situation where there are no additional resources available to us but NDSU is needing to provide the additional resources). Which is why I read his comments to mean CUSA. If I remember correctly this was right after McFeely was probing about if we've been approached by a certain conference that was obviously CUSA. It's the only conference that even fits the description he gave.
I'll make it easy for you then: what's $5.25M minus $1.8M?
A hell of a lot closer to $5M than $0...