Times article on the subject.
Bottom line: Basically, UW is going to get around $20M annual in "institutional" support....we need to be more aggressive with this.
Highlights:
The athletic department paid $12.3 million in debt service in the 2022 fiscal year, per the financial report submitted to the NCAA.
But that figure dropped by approximately $3 million in 2023 after Washington’s board of regents approved a temporary restructuring plan
Washington’s campus support, which took the form of student fees allocated to athletics and direct transfers from the university, totaled $10.3 million last year — the fourth-lowest amount in the conference.
Oregon received no direct help from campus while UCLA received $2.1 million in support and Washington State received $6.8 million.
Bottom line: Basically, UW is going to get around $20M annual in "institutional" support....we need to be more aggressive with this.
Highlights:
The athletic department paid $12.3 million in debt service in the 2022 fiscal year, per the financial report submitted to the NCAA.
But that figure dropped by approximately $3 million in 2023 after Washington’s board of regents approved a temporary restructuring plan
Washington’s campus support, which took the form of student fees allocated to athletics and direct transfers from the university, totaled $10.3 million last year — the fourth-lowest amount in the conference.
Oregon received no direct help from campus while UCLA received $2.1 million in support and Washington State received $6.8 million.
UW attempts to restructure Husky Stadium debt as Big Ten move looms
UW is "evaluating options" for refinancing Husky Stadium debt, a move that potentially could free up valuable cash as the Huskies transition into the Big Ten.
www.seattletimes.com