I think the tough thing with borrowing, is you’ve solved the short-term $20M line item. But you’re mitigating future increased revenue through media rights with interest costs.
$200 fee at Minnesota to help pay the house settlement isn’t settling well with students on top of a 7.5% tuition hike. They are framing it as paying facilities. College athletic departments will need to tread very carefully how much they put paying athletes on other students.
U of M tuition addition: $200 sports facilities fee
The University of Minnesota is adding a new $200 per year "athletics facilities fee" for students on the Twin Cities campus.kstp.com
Yep, took a basketball theory course (for coaches) from Ric Wesley and Jim Hallihan. Jeff Hornacek, Gary Thompkins and David Moss were in the class. Thompkins (freshman) was the only one who showed up regularly and actually participated. Hornacek and Moss, when they did show up, sat and read the newspaper. I became casual friends with Thompkins from that class.
Saying the university presidents have strayed from their mission is a pretty wild over reaction to this.This is pretty crazy. Forcing the slightly less than 55k students create a fund to pay athletes. My quick math says this is $11M annually.
University Presidents have strayed from their core mission of educating the (in the UofM's case) 54k students vs the 500 student athletes. It wasn't too long ago the Big10 touted their new TV deal that was the richest in the land- increasing their media rights revenue from $55M annually to an average of $100M over their new deal from 2023 to 2030.
I would love for a group of P4 university presidents to get-together and tap out from this new model. It's not like TV distribution is all that complex anymore with streaming apps. Instead of maximizing TV revenue, why not right size TV revenue? Based on a model where the athlete's focus leans toward academics vs. heavily leaning toward sport. The student athletes can still make NIL and compete at a high level. But there won't be an environment where coaches are the highest paid university employee, alumni forced to pay an arm & leg to attend their school's games and student fees to fund athletics.
I realize they are private schools, but not having football hasn't hurt the academics or enrollment Big East schools. I know... toothpaste out-of tube.
I agree with you here but last I checked, grad rates for FB and BB players at most P4 public universities (still) generally equal or exceed those of the general student population for 4 year athletes.
Oh I’m sure you’re right, helps that the programs many athletes are in set up for easy grad rates and honestly with all the help they get and the ability to stay for an additional year makes it shocking when some don’t graduate
Wasn’t that impressed with Hornacek personally when I was there. The flint boys were fantastic.
Last week:
www.espn.com
$200 fee at Minnesota to help pay the house settlement isn’t settling well with students on top of a 7.5% tuition hike. They are framing it as paying facilities. College athletic departments will need to tread very carefully how much they put paying athletes on other students.
U of M tuition addition: $200 sports facilities fee
The University of Minnesota is adding a new $200 per year "athletics facilities fee" for students on the Twin Cities campus.
Last week:
Memphis put on probation, fined for violations
Memphis' athletic department has been put on probation for two years and fined $30,000 by the NCAA after an investigation found an academic counselor paid two softball players to help a men's basketball player with schoolwork.
The last thing the B12 needs is another commuter school with a trash off-campus football stadium/
