uabbean
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Biggest Threat to UAB football and basketball is occuring
No not Ray Watts at this time But the federal budget cutback in research. UAB athletic operating budget of rounded 30 million is funded roughly 10 million in revenues, 5 million from students and 15 million from presidents discretionary fund(PDF). The PDF primary source of revenue is indirect cost recovery - roughly 45 cents for each dollar of federal grant for overhead. For example, Harvard with a 65,000 a year janitor they lose money but 10 a hour UAB janitors we make money. PDF also funds a lot of the Campus building
According to the article the proposed budget could cut $ 65 million from UAB research dollars. A few years ago would translate to about 15 million drop in PDF. (after real expenses)
http://www.al.com/news/birmingham/index....river_home
The good news is that a proposed budget is not yet passed. We also have time because grants usually last for years. The bad news is the cap on spending will at a minimum survive Ray Watts. But if we do not increase revenues in football and Basketball we can expect cut backs.
This could end the dreams of an OCS, 45new basketball facilities or even the budget necessary for a better league. I predicted the SOM pressure on the budget that led to unexpected Ray Watts debacle but in the long run this may be worse because it is based on reality
(This post was last modified: 03-17-2017 11:30 AM by uabbean.)
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| 03-17-2017 10:24 AM |
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Biggest Threat to UAB football and basketball is occuring
