hog88
Your ray of sunshine
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- Sep 30, 2008
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I'm an old fart and a 40 yr season ticket holder. As far back as I can remember the athletic dept has stood on its own financially, with the exception of funding of the scholarships. However, when the athletic department was profitable, they would donate millions to the academic side, as funding toward the scholarships. Forgetting about contracts hanging over the athletic department, Covid has obviously been a big hit on the department, but on academics as well. There is no way state legislators are going to do anything for an athletic department before the financial issues on the academic side are resolved.
Not UT related, but you are likely to see many small private colleges go under, or dramatically cut their athletic departments. Athletic wise, these small private schools don't have TV contracts, with gate receipts and donations as the primary sources of cash. Finances were tight before, but Covid may be the last straw.
I think athletic scholarships are funded by the AD. In reality football, mens basketball and to some degree womens basketball pays all the bills for the AD and band.