[winflop]

My point about revenue declining was specific to P12N. Even if revenue was continuing to grow, expenses grew at a much faster rate, which is the basis for my argument of financial mismanagement.

Regarding costs, the estimate is $4.5M. According to the 36 Sports Strong website, "Cutting the 11 sports saves $6.5M per year, according to Department of Education filings and only $4.5M per year net of the more than $23M endowments several of the cut sports already had in place."

I struggle to understand how $23M in endowments covers $2M per year in costs. That's almost a 9% rate which is not sustainable. However, the University's argument that a $200M endowment is needed has an equally inexplicable basis. I'd say the number is around $100M.

I'm thinking about relocating my football seats to a section that doesn't require a Buck/Cardinal donation. The way the University and the AD has handled this is reprehensible.

[winflop]

My point about revenue declining was specific to P12N. Even if revenue was continuing to grow, expenses grew at a much faster rate, which is the basis for my argument of financial mismanagement.

Regarding costs, the estimate is $4.5M. According to the 36 Sports Strong website, "Cutting the 11 sports saves $6.5M per year, according to Department of Education filings and only $4.5M per year net of the more than $23M endowments several of the cut sports already had in place."

I struggle to understand how $23M in endowments covers $2M per year in costs. That's almost a 9% rate which is not sustainable. However, the University's argument that a $200M endowment is needed has an equally inexplicable basis. I'd say the number is around $100M.

I'm thinking about relocating my football seats to a section that doesn't require a Buck/Cardinal donation. The way the University and the AD has handled this is reprehensible.