Stanford cuts 11 Olympic sports

[seeya27]

Jon Rothstein

@JonRothstein

Stanford will cut 11 varsity sports following the conclusion of the 20-21 year, per release. Another effect of coronavirus.
12:14 PM · Jul 8, 2020·TweetDeck

news.stanford.edu/2020/07/08/athletics-faq/… men’s and women’s fencing, field hockey, lightweight rowing, men’s rowing, co-ed and women’s sailing, squash, synchronized swimming, men’s volleyball and wrestling.

@patforde -- a nation turns its lonely eyes to you.

 

[Duncan Idaho]

Brown had cut 11 also. They had sponsored 38.

 

[huskymedic]

 

[ASweet3781]

Didn’t UConn, who unlike Stanford is not in the Power 5, get a think piece from Pat Forde suggesting we made our own bed when we had to cut 4 sports?

 

[navery12]

Didn’t UConn, who unlike Stanford is not in the Power 5, get a think piece from Pat Forde suggesting we made our own bed when we had to cut 4 sports?

We did, and he doubled down on it after it was pointed out to him that UConn still sponsors more D1 sports than most P5 schools

 

[bluedevil]

Pay no attention to the man behind the curtain

 

[Guapo]

Pat Forde is cordially invited kiss my behind

 

[UConnTrumbull]

Pat Forde all quiet now lol

 

[HooperScooper]

Pat Forde all quiet now lol

Just an "ugh."

 

[Kenny11]

Is this all because of Covid?

 

[navery12]

Is this all because of Covid?

My guess is Covid gives good cover for schools who really just want to cut back on sports that don't generate revenue

 

[CL82]

Just an "ugh."

Anyone calling him out on this?

 

[upstater]

My guess is Covid gives good cover for schools who really just want to cut back on sports that don't generate revenue

These cuts were in the works before this week. But when the ICE rule came down, it blew a massive hole into the budgets of these schools. If foreign students are forbidden from attending American universities, effectively, a massive amount of revenue is lost, which could amount to 20% or more of fungible budgets.

 

[Vuce]

Anyone calling him out on this?

YUP! Quite a few UConn fans on him about it. The coward hasn't engaged because he's a fraud

 

[gtcam]

Mens volleyball being cut?
I thought volleyball was/is a sacred cow in California?

 

[Storrs South]

OK but is this UConn's fault and how can David Benedict adequately apologize to Stanford at Mr. Ford's liking?

 

[Chin Diesel]

I'm less surprised Stanford had a scholarship level synchronized swim team and more surprised enough other schools had a team so they could compete against each other.

 

[FatHank]

Sad to see three squash programs go down. Love the game.

 

[nickp91]

Another huge hit for NCAA men's volleyball

 

[jdb50]

These cuts were in the works before this week. But when the ICE rule came down, it blew a massive hole into the budgets of these schools. If foreign students are forbidden from attending American universities, effectively, a massive amount of revenue is lost, which could amount to 20% or more of fungible budgets.

I heard today on cable news there are 1.1 million foreign students. Huge financial impact.

 

[upstater]

I heard today on cable news there are 1.1 million foreign students. Huge financial impact.

It's a freaking disaster. UConn's foreign tuition is $42k a year (most schools are more, but let's look at the money conservatively).

1.1m x $42,000 = 46.2B

 

[BlueDogs]

Mens volleyball being cut?
I thought volleyball was/is a sacred cow in California?

...Beach volleyball, surfing and snowboard teams remain..

 

[Slick]

These cuts were in the works before this week. But when the ICE rule came down, it blew a massive hole into the budgets of these schools. If foreign students are forbidden from attending American universities, effectively, a massive amount of revenue is lost, which could amount to 20% or more of fungible budgets.

Stanford may have a huge amount of foreign Asians paying one of the highest tuition rates in the country. If they cannot get into the country that’s not good.

 

[Kenny11]

ICE is a terrorist organization.

 

[UCTitleTown]

How can Stanford cancel Men's Volleyball? Between them and UCLA, they're the big boys in a sport without a lot of schools participating.

 

[glastonbury50]

Stanford's endowment is something like 30 billion. What is actually behind these cuts?

 

[huskymedic]

Stanford's endowment is something like 30 billion. What is actually behind these cuts?

Good article about endowments... What the heck IS a college endowment anyway? I asked an expert

Persona non grata but Forde touches on endowments here today:

>>A solution proffered by many Wednesday: just dip into that $27.7 billion (with a “b”) university endowment to prop up the athletic budget. But that shows no understanding of how endowments work.

Stanford says 75% of its endowment money is earmarked for specific purposes by donors, and at a place like Stanford the purposes are overwhelmingly academic. (There are athletic endowments, including the head-coaching positions on many varsity teams.) You can’t just dip into the endowment bank account for whatever needs may arise on campus. Also, endowment spending is capped at five% per year, since the goal is to keep the university well-funded in perpetuity.

Given a yearly full cost of attendance price tag in the neighborhood of $75,000, a lot of Stanford students receive financial aid. Two-thirds of the annual endowment spending goes toward paying those need-based grants.

As much as Stanford likes winning sports championships, it is hardwired to produce rocket scientists, tech wizards, lawyers and titans of industry. That isn’t going to be altered to save the rowing team.<<

 

[glastonbury50]

Good article about endowments... What the heck IS a college endowment anyway? I asked an expert

Persona non grata but Forde touches on endowments here today:

>>A solution proffered by many Wednesday: just dip into that $27.7 billion (with a “b”) university endowment to prop up the athletic budget. But that shows no understanding of how endowments work.

Stanford says 75% of its endowment money is earmarked for specific purposes by donors, and at a place like Stanford the purposes are overwhelmingly academic. (There are athletic endowments, including the head-coaching positions on many varsity teams.) You can’t just dip into the endowment bank account for whatever needs may arise on campus. Also, endowment spending is capped at five% per year, since the goal is to keep the university well-funded in perpetuity.

Given a yearly full cost of attendance price tag in the neighborhood of $75,000, a lot of Stanford students receive financial aid. Two-thirds of the annual endowment spending goes toward paying those need-based grants.

As much as Stanford likes winning sports championships, it is hardwired to produce rocket scientists, tech wizards, lawyers and titans of industry. That isn’t going to be altered to save the rowing team.<<

okay i get it.

 

[Adios]

Stanford's endowment is something like 30 billion. What is actually behind these cuts?

Non revenue or profit generating sports. The old days of loads of different sports at every school are over.

 

[Chin Diesel]

Good article about endowments... What the heck IS a college endowment anyway? I asked an expert

Persona non grata but Forde touches on endowments here today:

>>A solution proffered by many Wednesday: just dip into that $27.7 billion (with a “b”) university endowment to prop up the athletic budget. But that shows no understanding of how endowments work.

Stanford says 75% of its endowment money is earmarked for specific purposes by donors, and at a place like Stanford the purposes are overwhelmingly academic. (There are athletic endowments, including the head-coaching positions on many varsity teams.) You can’t just dip into the endowment bank account for whatever needs may arise on campus. Also, endowment spending is capped at five% per year, since the goal is to keep the university well-funded in perpetuity.

Given a yearly full cost of attendance price tag in the neighborhood of $75,000, a lot of Stanford students receive financial aid. Two-thirds of the annual endowment spending goes toward paying those need-based grants.

As much as Stanford likes winning sports championships, it is hardwired to produce rocket scientists, tech wizards, lawyers and titans of industry. That isn’t going to be altered to save the rowing team.<<

Basically calling out all the alumni who reaped the rewards of their scholarships to Stanford for the lowest producing sports to dig in to their pockets to afford the same opportunities for others going forward.