(07-02-2020 02:22 PM)Wedge Wrote:  

(06-30-2020 08:05 PM)cubucks Wrote:  From Iowa and probably coming to a school near you!

Quote:Gary Barta, director of athletics for the program, said that the budget would be cut by around $15 million, setting it for around $112.5 million. The difference is made up of around $13 million in reduced operating expenses, with the rest being adjustments to pay.

Projections for the coming fiscal year are based on the assumption that both football and basketball will complete seasons with fans in attendance. If those seasons, which generate significant revenue for the program, are disrupted, then further cuts would be needed, Barta said.

“The pandemic has dealt us a financial situation that requires difficult decisions,” Barta said, in a statement. “It is our responsibility to maintain a fiscally responsible operation while providing the highest level of service to our student-athletes.”

https://www.kcrg.com/2020/06/30/universi...hes-staff/

Iowa cut its athletic budget by $15 million based on the assumption that both football and basketball will complete seasons with fans in attendance.

In other words, they are going to end up cutting their athletic budget by much more than that.

Yes, it's hitting every school out there. Michigan and Iowa have been mentioned from P5 schools, add Oklahoma to the list too. Coronavirus is a game changer in everything we know about athletics. Everything that is successful in any buisness plans for the ebb and flow of markets, forecasted demand, sales forecasts and so on, you know this. They do not plan for a pandemic! Everyday this affects us, is just a larger hurdle to recovery.

What changes will be made to keep these big Universities viable? That's why I previously mentioned that current contracts are worth about as much as the paper they are written on. That's my honest opinion to what this thread is about. "Acts of god" (Coronavirus) have a way of overlooking "ink on paper" when Buisness and especially Universities are in distress.

Again, everything I've said is an opinion.