When UAB President Ray Watts shuttered the UAB Football program earlier this month, he did so under the guise of cost-cutting, claiming that running the program would cause the athletic department budget to increase by as much as $5M/year over the next 10 years after the various autonomy proposals went through. CBS got a copy of the financial study, and while Jon Solomon misses this, it basically details how Ray Watts was a big fat liar.
http://www.cbssports.com/collegefootball...n/24913760
Quote:"UAB has also cited new costs coming to college athletes, such as a cost-of-attendance stipend, as one reason it dropped football. The new benefits coming to athletes have been a major talking point in the media regarding the death of UAB football, raising questions if other universities will do the same.
Without football, Carr projects UAB will save between $299,246 to $479,012 per year in cost-of-attendance payments for all of its sports. The estimates use $5,442 as UAB's additional cost-of-attendance number for fall 2015.
Schools are now allowed to provide enhanced meals to athletes. Carr estimated UAB will save between $125,000 and $136,591 per year in that expense without football. He projected meal enhancements at $1,000 per athlete and a 3 percent annual increase."
Even at the maximum amounts, that only results in a $600K increase in costs per year for FCoA scholarships (on the P5 governance docket for January) and unlimited meals (already passed across all of D1). It does not mention the need for player likeness/image rights payments, so I am not sure where, if at all, that would fit in.
The report also mentions over $48M in requested capital projects, which I guess makes up the bulk of that $50M increase that Watts used to justify killing the program, but over half of those facilities listed in the capital projects ($26.6M) would not be for football, and nearly half of the football capital cost ($22M) would be for a multi-sport indoor facility ($9.5M).
UAB intends to add men's track/cross-country to remain a D1 school and hopes to remain in CUSA, but the chances are not good for that happening. The study is full of questionable projections, such as noting that donations to the athletic department would INCREASE after a year without football.
Quote:"Carr assumed a 20 percent drop in Blazer Club and Champion Club donations for 2015-16. By 2016-17, the study projects a 10 percent increase in Blazer Club donations for 2016-17 when reseating occurs at men's basketball games, followed by 5 percent annual increases. Champions Club giving is expected to increase by 4 percent beginning in 2016-17."
The study anticipates no cuts to the student athletic fee, nor to revenue loss from CUSA. UAB also assumes (poorly) that they may not have to buyout the remaining scheduled football games and that they can just get other schools to fill those dates.
It also noted that UAB was on a year-to-year lease with Legion Field and the City of Birmingham bought 5000 season tickets as part of the lease deal.
This whole thing reeks of collusion. Just like most studies, the conclusion is what the buyer wanted it to be, regardless of the methodology or correctness.