Penn State is self-funded and then some, so how is the situation at W&M an "applicable lesson"?It's interesting, even though the eliminated sports were not revenue generating they were probably closer to being self funded than football and basketball. That is probably an applicable lesson for all schools including Penn State.
Penn State is self-funded and then some, so how is the situation at W&M an "applicable lesson"?
Ned2 , who pays for the sport to be continually active, beside the "endowment "?It is my understanding that each sport has it's own endowment. So, revenue generation may not be the best way to view whether a sport is kept or cut. Even though a sport doesn't generate revenue it may be budget neutral or close to it, based on operating costs and level of endowment.
As stated in the article, there are endowments and there are fees charged to students along with their tuition. The "non-revenue" sports are the only sports that nearly break-even at most schools outside of the power 5. Football loses tons at many of the smaller schools like W&M (even though they are near the top of FCS every year). The costs of football are just too high for most of those schools. It has been this way for 40 years.Ned2 , who pays for the sport to be continually active, beside the "endowment "?
Correct on a historic basis. The ability to continue the status quo in the changing economic Situation is questionable. Thus the reason SB recently noted the Athletic Dept may be facing Significant $ losses this school yearPenn State is self-funded and then some, so how is the situation at W&M an "applicable lesson"?
Schools like W&M (public and they should answer to the state at some level) and Lafayette (private and they can do as they please) may get fans at football but they spend way too much on it. It is hilarious that the cold financial calculus proves that football is a huge loser but spending on travel and extras needed to be "big time." These are schools where academics are supposed to rule the day.I look at it this way. Yes, a school like W&M loses money on football, but football still generates more interest from the students, alums and community than the rest of the non-revenue sports combined. W&M or Lafayette or Colgate may only get 8-10k people at a home game, but how many years of swim or track meets does it take to tally the same attendance? Realistically, it may take 25 years to total 10k in attendance for swim meets, and that level of support is accomplished in a single football game. The football program may lose money, but it still gets the school on TV a few times a year and connects the campus community more than dozens or hundreds of softball games and gymnastics meets.
I don’t want any sport cut as it gives kids opportunities. However, if this is an ROI discussion, football is king even for most FCS schools.
It’s unclear to me the extent to which these sports attract general alumni support. At a school like Lafayette, for example, football is the only thing that attracts many alums back to campus. No one is going back to watch swimming.Schools like W&M (public and they should answer to the state at some level) and Lafayette (private and they can do as they please) may get fans at football but they spend way too much on it. It is hilarious that the cold financial calculus proves that football is a huge loser but spending on travel and extras needed to be "big time." These are schools where academics are supposed to rule the day.
Let football hold the same bake sales that swimming and gymnastics have to and defend themselves for the cost. I don't believe it should be cancelled but give it a reasonable budget. The revenue-expenses should net (including donations glad handed to the school during football of course) a similar per-athlete allowance to all other sports.
They’re not making money this year because there are no fans and for now no games. Next year should be ok, following years certainly.Correct on a historic basis. The ability to continue the status quo in the changing economic Situation is questionable. Thus the reason SB recently noted the Athletic Dept may be facing Significant $ losses this school year
It’s unclear to me the extent to which these sports attract general alumni support. At a school like Lafayette, for example, football is the only thing that attracts many alums back to campus. No one is going back to watch swimming.