Self-sustaining sports - Printable Version
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Self-sustaining sports - 97fan - 09-01-2023
Is there a list of Stanford varsity sports that are financially self-sustaining? Given the direction that college football is headed, doesn't it seem like all of them will need to become self-sustaining -- if they're going to survive beyond the next 5 years or so? Shouldn't this become the AD's main mission now -- getting endowments that enable as many sports as possible to become self-sustaining?
RE: Self-sustaining sports - bl82 - 09-01-2023
(09-01-2023, 12:11 PM)97fan Wrote: Is there a list of Stanford varsity sports that are financially self-sustaining? Given the direction that college football is headed, doesn't it seem like all of them will need to become self-sustaining -- if they're going to survive beyond the next 5 years or so? Shouldn't this become the AD's main mission now -- getting endowments that enable as many sports as possible to become self-sustaining?
I believe that list is:
Football
RE: Self-sustaining sports - 97fan - 09-01-2023
(09-01-2023, 12:40 PM)bl82 Wrote:(09-01-2023, 12:11 PM)97fan Wrote: Is there a list of Stanford varsity sports that are financially self-sustaining? Given the direction that college football is headed, doesn't it seem like all of them will need to become self-sustaining -- if they're going to survive beyond the next 5 years or so? Shouldn't this become the AD's main mission now -- getting endowments that enable as many sports as possible to become self-sustaining?
I believe that list is:
Football
In 2021, when Stanford said it would reverse the plan to cut 11 sports, the university said that supporters of the 11 programs had shown a path toward a new funding model, and that men's volleyball alone had gotten more than $7.7 million in pledges. Was that all a bunch of hype?
RE: Self-sustaining sports - fullmetal - 09-01-2023
While I think many programs made significant steps toward creating self-sustaining endowments, the true cost of Stanford athletics includes not only the sum of each program's individual costs but also the cost of the department administrators and shared services as well. All the assistant/associate/directors, staffers, trainers, medical staff, etc add up to a big chunk. Some years ago, there was a big pay bump to bring salaries up to market/competitive rates.
RE: Self-sustaining sports - 82lsju - 09-01-2023
(09-01-2023, 04:40 PM)fullmetal Wrote: While I think many programs made significant steps toward creating self-sustaining endowments, the true cost of Stanford athletics includes not only the sum of each program's individual costs but also the cost of the department administrators and shared services as well. All the assistant/associate/directors, staffers, trainers, medical staff, etc add up to a big chunk. Some years ago, there was a big pay bump to bring salaries up to market/competitive rates.
I would think that the AD would have tacked on an "allocated overhead" line item to any of the sports trying to create a sustaining funding endowment but I'm somewhat cynical....
RE: Self-sustaining sports - Farm93 - 09-01-2023
(09-01-2023, 07:50 PM)82lsju Wrote:In fairness most of the positions linked to that administrative overhead must spend most of their time on football and basketball related activities.(09-01-2023, 04:40 PM)fullmetal Wrote: While I think many programs made significant steps toward creating self-sustaining endowments, the true cost of Stanford athletics includes not only the sum of each program's individual costs but also the cost of the department administrators and shared services as well. All the assistant/associate/directors, staffers, trainers, medical staff, etc add up to a big chunk. Some years ago, there was a big pay bump to bring salaries up to market/competitive rates.
I would think that the AD would have tacked on an "allocated overhead" line item to any of the sports trying to create a sustaining funding endowment but I'm somewhat cynical....
The AD needs to ditch the plan that calls for eliminating 10+ sports while keeping football. Once the ACC falls apart Stanford University will need to implement the plan that calls for the elimination of football as well as 90+% of the administrative overhead.