LeadBolt
All American
Posts: 3,411
Joined: Apr 2013
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I Root For: William & Mary
Location: Botetourt
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RE: Va Colleges Spending on Football & Basketball
(06-11-2017 01:59 PM)BigTribe3 Wrote: Football's numbers are deceptive...we have spent 27 million in the past three years on the stadium
and a million plus more on a new field surface and our football practice facilities. They are not reflected in the six million plus number shown. Although on the lower side it is not terribly so. Much of the difference with Va and VPI is 63 scholarships versus 82 for them, sp out spending is on pace or very close to others in our division.
Basketball, however, is , as others have said, stunningly low...especially considering we fund 13 scholarships as does everyone else. Much of the figure reflects embarrassing coaches' salaries and
a puny recruiting budget
On the bright side next season will be the first that the major gift announced late last summer to fund all basketball scholarships perpetually (somewhere in the 25-30 million dollar range) takes effect. This means that we can spend two million dollars without funding the scholarships. If this occurs we will actually be on a par or near competitors.
OK, if we assume midpoint of your range and a 4% payout, that would be $1.1 mm. according to the article our current spending is approx. $1.9 MM. If we got all of the increase that would still put us 10% or so behind GMU, the team just above us on the list.
I'm begining to think that the Athletic Department takes some sort of perverse pleasure at being a member of the forlorn 4...
(This post was last modified: 06-11-2017 03:18 PM by LeadBolt.)
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06-11-2017 03:16 PM |
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