volinbham
VN GURU
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And if it stays at the FCS level, as it probably always should have, it will probably be able to carry itself for more than 23 years.
I think it's a pretty interesting development. Back when the autonomy discussions were going on you had AD's and conference commissioners talking about how it would effect non revenue sports. I kept wondering how much money a school could save in reality by nixing the baseball and rowing teams?
I watched the press conference a short time ago and it was interesting as well. The school provides 2/3 of the football budget, 20 Million of 30 Million. Annual donations/philanthropy/donating is 2 million a year, the student body doesn't show up for football games...so the donors and students seem like the last people that should be crying.
The school would be investing 100 Million over a five year period, that's UT's football budget for a year and what I'm hearing him say is the divide will only grow and that there is no way they can afford to invest competitively.
I think he's also saying that they will be going "all in" on basketball and let's face it, they have a much easier path to the NCAA tourney in basketball than they ever could possibly have in football.
It sucks for the players and the coaches.
Your numbers are off.
The 20 million of 30 million is the entire athletic budget; not just football. It's not clear to what extent the football program is subsidized though it is likely subsidized.
The $100 million over 5 years is the total athletic budget (20 million x 5); not the spending on football. That number remains the same without football with whatever portion that was going to support football (unknown) being allocated to other programs.
Presumably with no change in football this number wouldn't change.
The rationale stated by UAB is that in order to be competitive they would need to spend an additional $27million in football over 5 years (just over $5 million a year). Keep in mind, that is a budget increase to IMPROVE the program. Thus keeping AND improving football takes the 5 year number for ALL athletic spending from $100m to $127m.
The other chunk of money referenced is $22 million for facilities over 5 years. This number too is also misleading since it represents capital spending which occurs over a considerably longer period of time. The annual expense is lease and bond payments rather than dividing $22 million by 5.
Finally, the donor numbers are correct however the Football Foundation recently pledged more than $5 million. I suspect more philanthropy could have been found though I'm not sure it would cover the additional $5 million/year + whatever the capital annual nut is.
Gotcha, thanks...that makes it even worse IMO. Do you have any idea what the income from football at UAB is?
There's a link someone else posted and the number I've seen is about $9 million but it's not clear if that's real revenue or if it's revenue after the subsidies are included.
Assuming the worst (67% subsidy) it would be $3 million but I bet it's higher than that.
Leaving all the conspiracy stuff aside the decision does seem short-sighted and given how it was presented I still believe it was pre-determined and the studies were used to support that decision.
There's a link someone else posted and the number I've seen is about $9 million but it's not clear if that's real revenue or if it's revenue after the subsidies are included.
Assuming the worst (67% subsidy) it would be $3 million but I bet it's higher than that.
Leaving all the conspiracy stuff aside the decision does seem short-sighted and given how it was presented I still believe it was pre-determined and the studies were used to support that decision.
And your racist little bear wouldn't let them make quality decisions to keep it alive. It was all personal and killing that program
The official line is that in order to be successful they would have had to put more $ in so they are maintaining existing budget and reallocating.
By my count they are still 38 male scholarships short for Title IX - maybe they will allocate those across other men's sports but no details were given.
All D1 sports have limits on how many scholarships can be given. UAB will have to start new teams or kill off some female sports.