Colleges are cutting sports.
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Legit accounting stats I do not have nationally.
The ranking we commonly see is in USA Today, and three of the four schools in the OP were losing money on their list in FY2018. Bowling Green made $280K on $25 million in revenue.
LINK
This reference does NOT show that most programs lose money. It shows that >60% break even or make money. However, the NCAA reports that member institutions LOSE $8 billion annually on athletics.
So I believe your "majority of schools" statement to be true. However, on a list where most schools make money, most of the schools in the OP lose money. If legit GAAP accounting was involved, all four would probably lose money.
I make this argument because of the purpose behind many of these posts. "Look how bad they're doing" or "we haven't cut sports" comparisons are usually feel-good comments about yourself or an attempt to disguise your own performance. Not to mention, comparing yourself to athletics lightweights like Old Dominion and Florida International would be setting a low bar based on ANY data...
Sad for the athletes. Hope they can land somewhere and then these schools eventually bring those sports back.
UCONN is up next. Forde examines their failed leadership.
https://www.si.com/college/2020/05/26/uconn-football-sports-cuts?utm_source=reddit.com
https://www.si.com/college/2020/05/26/uconn-football-sports-cuts?utm_source=reddit.com
Yep, payback is a bitch. I’ve been waiting for the payback for a long time. That happened during the Krag years.
GO CARDS - BEAT EVERYBODY!!! May God Bless America!!!
Men’s Volleyball is a surprise. Isn’t Stanford a powerhouse in MV? The others were Squash, Sailing, Wresting, M & W Fencing, Synchronized Swimming, rowing, and lightweight rowing. Not exactly sports you see on TV in non Olympic years.
I guess now would be a good time for all the parents to pool their money together and bail their respective programs out. At least the ones who think that a scholarship and room & board was not enough for their kids.
Yeah, but their revenue from ticket sales totally sucks. If not for the $ec money they’d be totally broke.
GO CARDS - BEAT EVERYBODY!!! May God Bless America!!!
Yes, I understand that, but I was under the opinion that those funds were for academic pursuits. But a private school can do what they will with whatever funding that is available to them, i.e., the Vandy baseball program.
GO CARDS - BEAT EVERYBODY!!! May God Bless America!!!
Now that football revenue is gone or reduced, we'll probably see lots of other sports programs cut by their schools. It will be interesting to see how this impacts Title IX (women's sports). Football is usually the major source of income for most athletic departments (but certainly not all -- many lose money even with football). But funny how you don't hear much now from the annual parade of liberal professors who constantly bash or seek to eliminate football when it might result in the elimination of their preferred women's sports. It's a shame all around and I'm definitely not celebrating any of this but there is a certain hypocrisy that comes to light when real-world finances are crunched.BTW, this will probably hurt more men's sports programs since football consumes so many scholarships; But reductions are reductions and women's sports programs will be on the cutting block too.
“ But funny how you don't hear much now from the annual parade of liberal professors who constantly bash or seek to eliminate football when it might result in the elimination of their preferred women's sports. It's a shame all around and I'm definitely not celebrating any of this but there is a certain hypocrisy that comes to light when real-world finances are crunched.”
Yes, some professors and others think sports are over-emphasized at universities. Frankly this COVID situation probably proves them correct as too much of budgets are predicated on athletics, specifically football.
Yes, some professors and others think sports are over-emphasized at universities. Frankly this COVID situation probably proves them correct as too much of budgets are predicated on athletics, specifically football.
It is hard to imagine our nation being the same after this. I have some very dark fears that I am not going to mention because you guys will all think I am crazy.
We could cut the salaries from the revenue sports HC salaries and keep a lot of teams running.
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