Tuesday, March 31, 2009

Athletic budget update #16

Creative funding at a number of schools highlights the latest budget news about how athletic departments are dealing with the economic crisis.

  • State Universities in Oregon - An arrangement in the state of Oregon benefits all publicly funded athletic programs by dedicating 1% of the state's lottery funds to support athletics.

  • Tennessee Tech - Anticipates avoiding major athletic cuts due to economic stimulus funds being channeled to the state's universities.

  • Ohio State - Signed a 10-year, $110 million sponsorship and media deal with ING College and RadiOhio.

  • Maine - Needs to cut $500,000 from its budget in the next 30 days due to endowment losses, general funds shortfalls and decreased ticket revenue.

  • NCAA - Review of an array of programs from across the Division I spectrum with speculation about what economic conditions might mean for different types institutions.

http://www.ultimatesportsinsider.com/


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