Statements from former BC AD DeFilippo clearly state that their goal was to the New England's only representative to the P5. They began the action when they and Miami were the first of the Big East defectors and traitors.LOL. BCU is the cabbose in everything, they neither planned nor executed anything.
Statements from former BC AD DeFilippo clearly state that their goal was to the New England's only representative to the P5. They began the action when they and Miami were the first of the Big East defectors and traitors.
Gene didn't make any decisions of any kind and he had no influence in the ACC. Regardless of their goals, BCU had no power to make anything happen. These statements by GD after the fact were the equivalent of a roster taking credit for the sunrise.Statements from former BC AD DeFilippo clearly state that their goal was to the New England's only representative to the P5. They began the action when they and Miami were the first of the Big East defectors and traitors.
Under current lease contract with the State which expires in 2023 - UConn is on the hook for any revenue shortfall up to a $25k annually in addition to the $170k game day (x 6 game minimum) cost.Out of curiosity does anyone know the exact costs associated with renting the XL Center for a basketball game and Rentschler for a football game? Also assume you have to take into account lost revenues from parking, concessions, etc.
But the aid doesn't necessarily come from the school - meaning the school gets the $ as if they paid full freight. And scholarship money that comes from the foundation doesn't count either - because the school gets the payout from the endowment.
UConn got full D-1 women's hockey with membership in Hockey East more than a decade before the men because of football. That was the direct Title 9 trade.There's a Title IX problem with that. Need to offset football schollies. So Field Hockey, plus whatever else you choose. Strongly doubt that new soccer/baseball/softball fields will be scrapped.
So you think UConn grants are made from a separate account rather than reduced tuition? I don't know the answer but if you are debiting an account labeled Merit Scholarship Pool for $100 and crediting an account labeled Tuition Revenue for $100, that's still a net nothing, right?Merit grants that UConn provides? Unless there is secret money somewhere it comes from the operating budget or a third party.
So I have a few questions. How does UConn have this massive deficit but other G5 schools don't? How come we don't hear about ECU or Tulane or Ohio or Western Michigan having these deficits? They clearly don't make up for it in basketball or TV revenue? Definitely not in ticket sales. So why is this a problem at UConn and not elsewhere?
If UConn is dying, so is the entire AAC, as illustrated by these articles from the past year:
Cincy with $102 million deficit between 2014 and 2017:
Soaring subsidies: UC’s four-year athletic deficit up to nearly $102 million
45% of Houston's AD budget from student fees (but luckily they have that billionaire benefactor):
University of Houston faces a widening money gap to keep pace in big-time sports
40% of UCF's AD budget from student fees (which will probably increase once they stop making New Years' 6 bowls):
UCF athletics apply student fees in attempt to bridge financial handicap
Basically, the upper half of the conference is deficit spending or relying heavily on subsidies from other university funds like student fees in an attempt to remain attractive to the P5 if there is more expansion at the next window. To most of these schools, taking on water seems like the best plan while hoping and waiting for a lifeline from the P5. I hope for UConn's sake that lifeline comes (to us), but I'm preparing for another painful kick to the groin. As some have noted, as the revenue gap grows, the P5 may lose incentive to throw any more lifelines.
It would seem awfully difficult to do any accounting that doesn’t have transactions in to make them whole for the full cost. How would you manage the fund otherwise?But the aid doesn't necessarily come from the school - meaning the school gets the $ as if they paid full freight. And scholarship money that comes from the foundation doesn't count either - because the school gets the payout from the endowment.
My son gets a roughly $25K academic scholarship from his school - and I don't know if that means that they are just "charging us less" or if they are actually taking money from some endowed fund and "paying" the school on his behalf.
Maybe @upstater can tell us how this stuff works?
The UConn Foundation offsets may not be part of this breakdown. Donors give money for basketball priority seating.If its accurate then don't release anything. If its grossly in accurate or missing major chucks of revenue /royalties/etc, I think its foolish to not address it. You could issue a statement or pick a couple of your favorite reporters to write your version of the story.