In its May 22, 2009 edition, the Chronicle of Higher Education reported on the testimony of John D. Colombo at the May 2009 meeting of the Knight Commission on Intercollegiate Athletics. Colombo, a professor at the University of Illinois College of Law, stated the spending of college athletics can be regulated similar to that of…
The USA Today reported on May 21 about many major intercollegiate athletic conferences are making decisions to reduce conference and institutional expenses, including: cutting traveling costs, adjusting schedules, reducing the number of teams competing in postseaon tournament, and reducing sport staff specialist positions. The article listed recent cost-cutting decisions by the Big Ten Conference, Atlantic…
“I certainly don’t have a problem with saying we’re going to grant a tax exemption to the football program and the basketball program in order to provide revenue to support women’s soccer or lacrosse. But I’m a lawyer, and we have an old saying in the law, ‘trust everyone, but get it in writing.’” –…
A May 18 article published in Athletic Management reported on much of the ground covered in the May 12, 2009 meeting of the Knight Commission on Intercollegiate Athletics. The article led with a discussion of the current economic recession and that runaway costs prior to the recession had a similar affect on the current concerns…
The financial crisis in college sports isn’t attributable only to the ongoing recession, but also to declining athletics revenues unable to keep up with a runaway train of spending. That’s what members of the Knight Commission on Intercollegiate Athletics heard from scholars and experts on higher education and intercollegiate sports.
From the NCAA News: Members of the Knight Commission on Intercollegiate Athletics called for NCAA presidents and chancellors to take “collective action” to moderate rates in the growth of athletics spending that have outpaced those in higher education overall (for full article, link here) May 12, 2009 – Knight Commission Meeting Press Release, Audio Podcasts,…
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In an article published in the New York Times, colleges and universities across the country are slashing millions of dollars from their sports budgets, including the elimination of sports teams. Of the 17,682 teams that competed in the NCAA in 2007-2008, the NCAA expects about 130 teams to be eliminated. The article singled out the…
“We built an enterprise under revenue assumptions that we have to change… we have just always assumed that corporate revenue, media revenue would just continue at the same pace, and that is obviously not going to be the case,” ~ Brit Kirwan, Co-Chairmen Knight Commission on Intercollegiate Athletics The conclusion of another academic year marks…
The USA Today and Chronicle of Higher Education reported on a recently released study from the NCAA which states that major college athletic programs (in the Football Bowl Subdivision) increased their expenses 10.7% more per year between 2004 and 2007, from $31 million in 2004 to $42.2 million in 2007. The spending was more than…