Below is a press release from the TIAA-CREF Instittute: New York, March 8, 2010 — The TIAA-CREF Institute is pleased to announce William E. (Brit) Kirwan, Chancellor of the University System of Maryland, as winner of the 2010 TIAA-CREF Theodore M. Hesburgh Award for Leadership Excellence. This award recognizes leadership and commitment to higher education…
On March 10, the USA Today published an article detailing the rocketing increase in the salaries of college football assistants. Nearly a dozen schools in the NCAA’s top competitive division, the Division I-Football Bowl Subdivision, have made deals under which they will be spending at least 38% more on their offensive or defensive coordinator in…
According to a recent report issued by the State of Oregon’s Board of Education finance committee, the athletic departments at the University of Oregon (UO) and at Oregon State University (OSU) had financial deficits in the 2008-2009 fiscal year: OSU with a $5.9 million deficit, and the UO with a $642,000 deficit. Other state colleges…
The Reno Gazette-Journal reported on a February 3, 2010, meeting of the Nevada Board of Regents, at which scenarios were discussed in an effort to absorb a 22% cut in the state’s higher education budget. The cuts amount to $37 million this fiscal year and an additional $110 million next fiscal year. One of the…
On February 8, a district court judge in San Francisco on Monday denied the N.C.A.A.’s motion for dismissal in a class-action lawsuit headed by the former U.C.L.A. basketball star Ed O’Bannon. The ruling leaves the N.C.A.A.’s licensing contracts open to discovery. O’Bannon’s lawyers filed the antitrust suit in July, claiming that former athletes should be…
On January 27, the Indianapolis Star published a letter from University of Indianapolis President Beverly Pitts, in which she acknowledged the role of the Knight Commission on Intercollegiate Athletics in helping to give Division II presidents the resolve to pass the recent “Life in the Balance” measures at the NCAA Convention. “Life in the Balance”…
On January 24, the Minnesota Daily featured an investigative report into the athletic finances at the University of Minnesota (UM), raising many issues about how athletics departments find ways to raise and spend money to remain competitive. The article considered the increasing pressures on athletics budgets from spiraling coaching salaries and the different ways that…
The Indiana Business Journal published an article about the rising concerns of the costs of college athletics, particularly as it relates to the current economic challenges in higher education. Escalating coaches’ salaries and the costs to build and maintain athletics facilities are signficant expenses which puts the economic stability of athletic departments at risk. “During…
Inside Higher Ed reported on a USA Today investigation which looked at financial data from the past four years from 99 of 120 NCAA Division I Football Bowl Subdivision institutions, and the extent that institutions were subsidizing their athletic programs. The article noted that a look at each individual school’s finances provides a more clear…
Inside Higher Ed published an article on the recent decision by NCAA Division II membership to approve new legislation which will reduce the athletic season in several sports. The “Life in the Balance” legislation will reduce the number of games that can be played or the time frame teams have for preseason scrimmages and practices.…