Answering my own question here after a bit of "research"

Endowment Spending Policy

"NOW THEREFORE, BE IT AND IT IS HEREBY RESOLVED by the Board of Trustees of the University that, in the absence of a donor agreement to the contrary, annual spending from any endowment fund shall not exceed 5% of such endowment fund’s net asset value as of the applicable measurement date (including the applicable fiscal year) that is selected from time to time."

Based on that, it appears that the University may be able to spend up to 5% of the cash value of the endowment (which would be approximately $37.5 million...though I'm not sure if there is a difference between the total endowment and the cash value of the endowment) in a fiscal year. Even if some funds were restricted by donor agreements, it seems that we definitely would be able to find the funds if we had the will to do so.

On a related note:

'He's a genius' — Loyola assistant Bryan Mullins brings smarts, toughness to role

http://www.chicagotribune.com/sports/co ... story.html

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MBB Scholarship Chart

I was a student at SIU when Bryan played there. Heck of a player, and seems to be a natural born leader and coach as well. Wish SIU had the smarts to make a move and hire him away from you guys and make him the HC, but it doesn't seem like that's going to happen. If not, I hope for Loyola's cases that they're able to hang onto him.

Pretty cool locker room interview with Porter and family from last night

https://www.ncaa.com/video/basketball-men/2018-03-24/mbk-andy-katz-porter-moser-post-game-interview

Yeah... in The current college basketball climate where there are scum bag coaches being investigated left and right and schools whose images are being tarnished because of it, there is a guy at a small school in Chicago that embodies everything that’s great about the sport and wins people over with every enthusiastic interview he gives.... and has a final four appearance to back up the validity in the statement “you can do things the right way and still win.” This dude doesn’t interview for jobs anymore... he chooses wherever he wants to be now. Hopefully he chooses Loyola....

Great point. It's not widely known but when Mark Few arrived at Gonzaga in '89 as a $1,500 a year Grad Assistant, he was pulled aside by some Campus Elders (Jesuits) and told the following. "You will never finish in first place here and that's okay. Just don't finish last. Last place isn't tolerated around here." Those were his marching orders. He, assistant Coach Dan Monson and assistant Coach Billy Grier (roommates) decided to change that paradigm. Monson got the head coaching job in '97-'98 (Few was Assistant Head Coach) and that was the start of this "run".

Few got his first chance to "leave" in '00. Then a steady stream of interested big boy schools.

He felt that he could win at Gonzaga. He saw what a miserable time his friend Dan Monson was having at Minnesota. Monson's dad Don Monson had a horrible time after moving from h.c. at Idaho to h.c. at Oregon. Also, Few's dad was Pastor at the same church for 53 years ...

I'm hopeful that Moser and Few will talk (they have to know each other). I'm hopeful that your guy will stick around .... That'd be something.

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"It's kind of a misnomer about us. It's almost funny. They assume we are not very athletic. It's a big mistake."

Mark Few quote ... December, 2000 (his first year as h.c.)

New David Haugh Column: Hard to see Porter Moser leaving, but Loyola must step up for the coach with the million-dollar smile

https://www.washingtonpost.com/sports/porter-moser-has-led-loyola-chicago-to-new-heights-after-hitting-a-career-low/2018/03/23/7618eb1a-2ec1-11e8-8688-e053ba58f1e4_story.html?utm_term=.8acab2c6c572

Chris Mack to Louisville - 7 years and $31mm guaranteed with major incentives each year that could drive the package - in a great season - towards the $6 million mark. Rumor is that it won't go to Steele (associate HC) unless outside candidates - including and targeting PM - say no.

[quote="rambling16"Rumor is that it won't go to Steele (associate HC) unless outside candidates - including and targeting PM - say no.[/quote]

Curious where you saw this? I've mostly seen that Steele is the front runner

rumors are from friends of mine in AD and coaching world of D1. I stress rumors only. But -- Xavier and Porter have been whispered about for the last 3 weeks. My guys were pretty close on the Mack to Lville -- they thought a $25m package and 5 years. Hearing he balked at the length due to the turnaround needed.

Thoughts on Steele is that Xavier thinks they need an experienced coach given the elite 8 last year and #1 seed this year to maintain the state of the program.

We will see -- could be a way off and the Muskies turn to Steele tomorrow.