Wednesday, March 25, 2015

Athletic Budget Update #60

Lots of movement on the college athletics financial front in the last few weeks.  Here's an update on the recent news and information.

Oregon's faculty senate has passed a resolution to have the athletic department pay a 3% dividend to the academic operations of the University.

LSU has decided to delay the construction of the Tiger Athletic Nutrition Center due to anticipated state budget cuts and a climate of "austerity."

UNC Pembroke announced that it is dropping men's golf and tennis.  The Braves are also adding indoor track and field for men and women as well as women's swimming.  Expected savings from dropping the two sports is $75,000.

A consultant hired by Kent State has indicated that the department has facilities that are "tired and outdated" and that they need to increase private financial support.

Florida State is going to fund $2 million of increased athletic aid costs for cost of attendance stipends by reducing budget expenditures by 2% in other areas of the department.

SIU Carbondale is facing a $32 million state budget cut that could impact its athletic program and possibly result in the loss of teams.

Interesting graphic outlines the cost of attendance challenges for Ball State.

South Carolina State plans to cut eleven academic and athletic staff positions to save more than $380,000 and another $466,000 in athletic operations and summer financial aid to address a difficult budget climate.  There is also a proposed plan that would involve dropping a number of sports including men's basketball.

Montana State Billings dropped their men's and women's tennis teams.

Diverse Issues in Higher Education describes the future of non-revenue sports as "limbo" with an increasing number of expenses facing higher education and college athletics.

Pac-12 Deputy Commissioner Zaninovich with some thought provoking ideas about how to improve college basketball.

Also, in a final unrelated topic, a copy of my final interview with the PJ Star can be found here.

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