07-13-2020, 07:11 AM
(07-13-2020, 01:05 AM)fullmetal Wrote: And "...will require garnering resources that exceed that amount" probably means the full expense savings realized by cutting 11 sports, not the $200+ mil perpetual endowment. I don't think the structural deficit is anywhere near $200 mil (I'm pretty sure it's an order of magnitude lower).
but if you want an endowment to cover the structural deficit (assuming you can't or won't eliminate it) you need ~20x that amount (assuming a 5% payout) so if the structural deficit is ~$10m you need ~$200m added to the endowment to cover it.
Eric
"the older we get the better we were"
