WSU students balk at paying higher fees to balance athletic department budget
Wazzu is running a $13 million deficit and asking students to pay $50 a semester to cover. This seems to be coming from the fact that the Pac 12 network isn’t doing as well as originally thought as well as questionable financial decisions.
Cal athletics’ $20 million question: Will sports need to be axed?
That’s approximately 15 percent of the universitywide budget deficit of $150 million.
And the projections for 2017 are nearly as dire for the Bears: An $18.8 million deficit.
The Bears aren’t the only school in the conference with money problems. Washington reportedly projected a deficit of $14.8 million for the 2016 fiscal year and, like Cal, has been squeezed by the debt service from a stadium upgrade.
PAC-12 NETWORK CONTINUES TO FACE QUESTIONS AND DOUBTS FROM MEMBER SCHOOLS
Estimates are that over the next eight years, Pac-12 schools will pocket about $10 million less TV money per year than their counterparts in the Big Ten and SEC — in large part because Pac-12 schools are only getting $1 million a year from P12N. That’s $80 million less to fund scholarships, upgrade facilities, pay coaches, etc.
And the Pac-12 is at a recruiting disadvantage because its cable channels are available in about 60 million fewer homes than Big Ten Network and the SEC Network.
http://www.sportsbusinessdaily.com/Daily/Closing-Bell/2016/10/18/Pac-12.aspx
Pac-12 Networks has picked up about 4 million homes thanks to Dish’s decision to move the channel from a sports tier to a broader tier nationally. The move, which comes shortly after Sling TV agreed to carry the channel nationally, will make Pac-12 Networks available on Dish’s America’s Top 120+, AT200 and sports tiers. Pac-12 Networks announced the move in a series of tweets this morning. The channel has been hurt by distribution problems, and it is still not close to a deal with DirecTV.
I know how they could expand their subscriber base:
Great points.
A lot of these same Schools benefit from public funds. Can you imagine if these same funds start to diminish? This is not a political point that I am going to make here but the UC system contributed an astonishing amount of money to Clinton during the Presidential campaign. What happened at Berkeley or other UC Schools is now under scrutiny. Some might say this is very far fetched. I am not so sure.
Cal owes its dire fortunes to a disastrous stadium-remodeling boondoggle, which the athletic department will be paying for until 2113. Right now, they owe $18 million per year, and that’s only on the interest payments. Once they start paying off the principal, that number will spike to $26 million annually and keep rising for a while. Cal is a big-time athletics program, with a bunch of national championships and a cadre of prominent alumni in the NFL, NBA, and Olympic sports, but it’s not so big that it can withstand this financial shitstorm without taking on water. It was $22 million in the red last year, which was the biggest loss in the nation, and that’s not going to improve, especially as both the football and men’s basketball teams (the only revenue-generating sports) look like they’ll be bad this year.
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