how many seniors would want to back to school for a 5th year? I think it sucks that these kids had their athletic careers end so abruptly. What would a 5th year get them other than the satisfaction of getting to play again? Most of these kids would want to graduate and move on. I feel worse for all the seniors, not just the athletes, who will miss out on their final semester of school and all that should come with that

(04-12-2020 09:13 AM)gosports1 Wrote:  how many seniors would want to back to school for a 5th year?

Well, I guess we'll find out by what they do - unless all the schools shut the door like Wisconsin is doing.

(04-12-2020 09:12 AM)Fort Bend Owl Wrote:  

(04-12-2020 08:30 AM)quo vadis Wrote:  

(04-10-2020 06:24 AM)Captain Bearcat Wrote:  

(04-09-2020 04:09 PM)dbackjon Wrote:  UW has projected a revenue shortfall of more than $4 million for this season — or roughly 2.5% of a $159 million budget — because of the coronavirus. Some of the losses are because of a decrease in NCAA distributions to schools triggered by the cancellation of the highly profitable men's basketball tournament.

If football isn't played in the fall because of the coronavirus, schools stand to lose millions more in revenue. At UW, around 15% of annual athletics revenue comes from football ticket sales, and more comes from football-heavy media deals.

Wisconsin is the tip of the iceberg.

My brother is a professor at a D-1 private school, and their president just told them that the whole university is preparing for a 20-40% decline in revenue next fall. Students aren't going to pay $45,000-60,000 a year for online classes.

Yes, if face to face classes cannot re-open in August - which seems more likely than not - there is going to be a big drop in revenue for schools, and athletics will be the least of the concerns, the survival of the institutions will be at stake. I have tenure and coming up on 25 year's seniority at my school, but could very well see myself getting hit with a major furlough (pay cut) or even being laid off entirely. Financial Exigency, which would allow that, is a given in that situation.

Students are just not going to pay full load for online, and many just don't want to do college online. And, many may come from families where dad or mom is now unemployed and they can't afford it.

The Ivies and others with $Billions in endowments will weather the storm but everyone else is at serious risk.

Back to athletics - a cancellation of fall sports will bring Big Pain to everyone. As we found out with Wisky, even many extremely high-income P5 programs have not established reserves, they pay-as-they-go, when more $$$ comes in it just gets spent on more things, and/or they are highly leveraged, they have already spent next year's $55m B1G check (which now will be hella less) on future projects.

Big Pain.

I have a brother who is a law professor at a school in New York. He's incredibly pessimistic they begin on time in the fall - and this is a big school in a major basketball conference. He thinks there are 3 scenarios being discussed by most schools -- (1) school begins on time like normal, (2) school starts up in the fall but if there is a spike in virus cases again over the winter, the schools have to revert back to online only at that point (whether that's everywhere or just regionally TBD), (3) schools start in the fall again as online only.

Yep, those are the options, and the worst institutionally, (3), is more likely than not.

(04-12-2020 09:13 AM)gosports1 Wrote:  how many seniors would want to back to school for a 5th year? I think it sucks that these kids had their athletic careers end so abruptly. What would a 5th year get them other than the satisfaction of getting to play again? Most of these kids would want to graduate and move on. I feel worse for all the seniors, not just the athletes, who will miss out on their final semester of school and all that should come with that

Except the job market really sucks for most graduates right now.

I think schools will be in reboot mode, including athletics. Purging the 5th year seniors allows that to happen quicker and trims costs.

The schools will also have a back log of new students, and every seat they can open up the better. (I am speaking of the flagships, directional schools and other 2nd/3rd tier are likely to see a drop, as students who don't qualify for very selective schools tend to lack grants and now work money to pay for it, so will delay).

Schools are also aware that with over 10% unemployment, and likely to hit above 15%, plus many other hit with salary reductions for their companies to ride out the down turn, and sales commissions for others going to almost zero, tax revenues will see very steep reductions (people will fall down a bracket or two, and see much bigger tax reductions as a result). This big drop in State tax revenue will mean deep cuts in services and education, especially higher education.

If we see a second wave in the fall, another lock down, it could be many years for a true bounce back. People wont spend until they pay off debts and get their bank accounts above water. Retirement funds have taken a hit with the stock market and that makes people feel poor.

Schools have to prepare for this, (deep) pruning everywhere, including athletics. It sucks to be a 5th year senior, worst timing in the world.

(04-12-2020 12:42 PM)quo vadis Wrote:  

(04-12-2020 09:12 AM)Fort Bend Owl Wrote:  

(04-12-2020 08:30 AM)quo vadis Wrote:  

(04-10-2020 06:24 AM)Captain Bearcat Wrote:  

(04-09-2020 04:09 PM)dbackjon Wrote:  UW has projected a revenue shortfall of more than $4 million for this season — or roughly 2.5% of a $159 million budget — because of the coronavirus. Some of the losses are because of a decrease in NCAA distributions to schools triggered by the cancellation of the highly profitable men's basketball tournament.

If football isn't played in the fall because of the coronavirus, schools stand to lose millions more in revenue. At UW, around 15% of annual athletics revenue comes from football ticket sales, and more comes from football-heavy media deals.

Wisconsin is the tip of the iceberg.

My brother is a professor at a D-1 private school, and their president just told them that the whole university is preparing for a 20-40% decline in revenue next fall. Students aren't going to pay $45,000-60,000 a year for online classes.

Yes, if face to face classes cannot re-open in August - which seems more likely than not - there is going to be a big drop in revenue for schools, and athletics will be the least of the concerns, the survival of the institutions will be at stake. I have tenure and coming up on 25 year's seniority at my school, but could very well see myself getting hit with a major furlough (pay cut) or even being laid off entirely. Financial Exigency, which would allow that, is a given in that situation.

Students are just not going to pay full load for online, and many just don't want to do college online. And, many may come from families where dad or mom is now unemployed and they can't afford it.

The Ivies and others with $Billions in endowments will weather the storm but everyone else is at serious risk.

Back to athletics - a cancellation of fall sports will bring Big Pain to everyone. As we found out with Wisky, even many extremely high-income P5 programs have not established reserves, they pay-as-they-go, when more $$$ comes in it just gets spent on more things, and/or they are highly leveraged, they have already spent next year's $55m B1G check (which now will be hella less) on future projects.

Big Pain.

I have a brother who is a law professor at a school in New York. He's incredibly pessimistic they begin on time in the fall - and this is a big school in a major basketball conference. He thinks there are 3 scenarios being discussed by most schools -- (1) school begins on time like normal, (2) school starts up in the fall but if there is a spike in virus cases again over the winter, the schools have to revert back to online only at that point (whether that's everywhere or just regionally TBD), (3) schools start in the fall again as online only.

Yep, those are the options, and the worst institutionally, (3), is more likely than not.

Tough decisions for HS seniors. Do you just stay at home and go to the relatively cheap commuter school if you have to do it online?

Don't think the colleges will give students a choice, forcing them to make a decision before the colleges do.

(04-12-2020 08:30 AM)quo vadis Wrote:  

(04-10-2020 06:24 AM)Captain Bearcat Wrote:  

(04-09-2020 04:09 PM)dbackjon Wrote:  UW has projected a revenue shortfall of more than $4 million for this season — or roughly 2.5% of a $159 million budget — because of the coronavirus. Some of the losses are because of a decrease in NCAA distributions to schools triggered by the cancellation of the highly profitable men's basketball tournament.

If football isn't played in the fall because of the coronavirus, schools stand to lose millions more in revenue. At UW, around 15% of annual athletics revenue comes from football ticket sales, and more comes from football-heavy media deals.

Wisconsin is the tip of the iceberg.

My brother is a professor at a D-1 private school, and their president just told them that the whole university is preparing for a 20-40% decline in revenue next fall. Students aren't going to pay $45,000-60,000 a year for online classes.

Yes, if face to face classes cannot re-open in August - which seems more likely than not - there is going to be a big drop in revenue for schools, and athletics will be the least of the concerns, the survival of the institutions will be at stake. I have tenure and coming up on 25 year's seniority at my school, but could very well see myself getting hit with a major furlough (pay cut) or even being laid off entirely. Financial Exigency, which would allow that, is a given in that situation.

Students are just not going to pay full load for online, and many just don't want to do college online. And, many may come from families where dad or mom is now unemployed and they can't afford it.

The Ivies and others with $Billions in endowments will weather the storm but everyone else is at serious risk.

Back to athletics - a cancellation of fall sports will bring Big Pain to everyone. As we found out with Wisky, even many extremely high-income P5 programs have not established reserves, they pay-as-they-go, when more $$$ comes in it just gets spent on more things, and/or they are highly leveraged, they have already spent next year's $55m B1G check (which now will be hella less) on future projects.

Big Pain.

But even the Ivies billions of $ in their endowments are deceptive, since the vast majority of it is earmarked for specific programs and capital projects. Plus, when your endowments are taking a 30% hit, athletics and other programs that are luxuries or have smaller endowments are going to suffer. Cornell, for example, is in a hiring freeze and has let go of most of the folks that are essential if there are students there but are not in an online environment.

(04-12-2020 02:16 PM)bullet Wrote:  

(04-12-2020 12:42 PM)quo vadis Wrote:  

(04-12-2020 09:12 AM)Fort Bend Owl Wrote:  

(04-12-2020 08:30 AM)quo vadis Wrote:  

(04-10-2020 06:24 AM)Captain Bearcat Wrote:  Wisconsin is the tip of the iceberg.

My brother is a professor at a D-1 private school, and their president just told them that the whole university is preparing for a 20-40% decline in revenue next fall. Students aren't going to pay $45,000-60,000 a year for online classes.

Yes, if face to face classes cannot re-open in August - which seems more likely than not - there is going to be a big drop in revenue for schools, and athletics will be the least of the concerns, the survival of the institutions will be at stake. I have tenure and coming up on 25 year's seniority at my school, but could very well see myself getting hit with a major furlough (pay cut) or even being laid off entirely. Financial Exigency, which would allow that, is a given in that situation.

Students are just not going to pay full load for online, and many just don't want to do college online. And, many may come from families where dad or mom is now unemployed and they can't afford it.

The Ivies and others with $Billions in endowments will weather the storm but everyone else is at serious risk.

Back to athletics - a cancellation of fall sports will bring Big Pain to everyone. As we found out with Wisky, even many extremely high-income P5 programs have not established reserves, they pay-as-they-go, when more $$$ comes in it just gets spent on more things, and/or they are highly leveraged, they have already spent next year's $55m B1G check (which now will be hella less) on future projects.

Big Pain.

I have a brother who is a law professor at a school in New York. He's incredibly pessimistic they begin on time in the fall - and this is a big school in a major basketball conference. He thinks there are 3 scenarios being discussed by most schools -- (1) school begins on time like normal, (2) school starts up in the fall but if there is a spike in virus cases again over the winter, the schools have to revert back to online only at that point (whether that's everywhere or just regionally TBD), (3) schools start in the fall again as online only.

Yep, those are the options, and the worst institutionally, (3), is more likely than not.

Tough decisions for HS seniors. Do you just stay at home and go to the relatively cheap commuter school if you have to do it online?

Don't think the colleges will give students a choice, forcing them to make a decision before the colleges do.

Yeah, they will make it as difficult as they can for students who want to not enroll this fall. The economics of making it easy for half your students to just skip a year (and not pay tuition, of course) will be brutal for private colleges in particular.

They are already going to lose most, if not almost all, of their international students for this fall, and that hits public universities just as hard because those students typically pay the full out of state "sticker price" with little or no financial aid.

South Alabama to spring sport seniors: You’re welcome to return

(04-21-2020 04:14 PM)SkullyMaroo Wrote:  South Alabama to spring sport seniors: You’re welcome to return

If this true, cudos to the AD.

(04-12-2020 02:58 PM)Wedge Wrote:  Yeah, they will make it as difficult as they can for students who want to not enroll this fall. The economics of making it easy for half your students to just skip a year (and not pay tuition, of course) will be brutal for private colleges in particular.

They are already going to lose most, if not almost all, of their international students for this fall, and that hits public universities just as hard because those students typically pay the full out of state "sticker price" with little or no financial aid.

State schools are going to be hurting badly too, maybe worse than privates, as they can't fire staff as easily and State funds will be cut by at least 1//3rd for both school operation and student aid/funding.

California will be especially hard hit as tax revenue is dependent on a few zip codes earning huge amounts of money they can tax in higher brackets. But Silicon Valley is limping along and Hollywood has all but written off 2020. We could be talking a $40-50 Billion cash shortfall in the golden state. Education, higher and lower, gets half that money, but essential state services and pensions are must be paid. This means even the UCs are likely to see a huge reduction in support. Also the UCs are highly dependent upon PRC students paying full out of state tuition, over 3,000 of them at each of the main 8 campuses; there is a good chance many wont be getting their visas renewed and new ones wont be getting visas to replace the one matriculating out.

So I would not get the idea public Universities are going to ride this out well.

(04-22-2020 12:45 AM)Stugray2 Wrote:  

(04-12-2020 02:58 PM)Wedge Wrote:  Yeah, they will make it as difficult as they can for students who want to not enroll this fall. The economics of making it easy for half your students to just skip a year (and not pay tuition, of course) will be brutal for private colleges in particular.

They are already going to lose most, if not almost all, of their international students for this fall, and that hits public universities just as hard because those students typically pay the full out of state "sticker price" with little or no financial aid.

State schools are going to be hurting badly too, maybe worse than privates, as they can't fire staff as easily ....

Under ordinary circumstances that is true, but when "financial exigency" is declared, state schools can shed any staff, including tenured faculty, easily. And this situation will definitely qualify.

(04-21-2020 10:03 PM)sierrajip Wrote:  

(04-21-2020 04:14 PM)SkullyMaroo Wrote:  South Alabama to spring sport seniors: You’re welcome to return

If this true, cudos to the AD.

Georgia Southern to cover costs for senior athletes in spring sports to return.

https://www.savannahnow.com/sports/20200...ssion=true

https://www.statesboroherald.com/media/e...l-24-2020/

Georgia Southern living up to one of its former coaches saying "Do Right".