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Athletics FY 25 budget

First go read the Brand X article on this. So many things to pick on here:
  • Regent's seeming disinterest in the details. I would be all over this shit if I were one. Where's Bill Marler when you need him?
  • The previously budgeted $4M deficit has ballooned to $9M
  • We are going to close the deficit with Pac-12 cash. Well duh
  • Brand X's comment that Chun and Smith's buyouts will "buoy" the FY25 budget by $1.4 million. Uh guys, it is FY24, they are gone, and if the traitors have some clause that lets them defer this to next fiscal year then we are bigger idiots than previously proven
  • We are paying Riley half of what Smith made? And Smith made $1.5M not the $1.2 the article refers to. Wulffian....EWU HC......hmmm
  • We are setting aside $65M of Pac-12 money to rebuild the conference? Don't know if that is Brand X's opinion or if it is documented. But either way, it is complete BS for the Pac-2 to pay teams to join. F-that!
Ok, so let's look at the actual Regent's meeting documents, shall we? (link below). I don't have the time to totally dissect this 400-page document, but:
  • The precipitous enrollment drops (grad and undergrad, all under Schulz's watch) should horrify all Cougs. Page 268
  • Employment figures for FY 23 and 24. Grad down 23, faculty up 27. But fear not! Admin employees up 135, and Classified up 110! Sounds about right with enrollment plunging, eh?
  • Credit Hour totals have fallen 32,000 since the year before Schulz came. Page 279. But the Global Campus is doing well as Pullman plunges. Page 282
  • The old 1%, 3% and 5% budget reduction exercise. Starting on Page 294. Been around for a looong time. Hint (from personal experience with this process) - the colleges, etc. will throw out their best and most golden goose programs as what they would cut first
  • On to Athletics, starting on Pag 299. Lots to digest here
  • Notice that a big budget killer was "admin expense" - $6.1M rather than 4.6M budgeted. Page 301. And they forgot to put brackets around the bowl revenue shortfall of $2.6M. What bowl did they think we were going to?
  • Then, the FY25 Budget. Page 305. Read for yourself. 0-0 in media rights, $20 million extra in Conference money distributions (I'm cool with that backfill), less in scholarships (wait tuition is going up 3%). Less in contributions. FY 24 was originally $10.5M, reduced to $9.5M, down to $7.8M for FY25. Note that Endowment revenue stays at $.9M. How does $9.5M and $.9M reconcile with the $60 million Chun claims to have brought in last year? And go read the other fundraisers' bios - record-setting donations everywhere!
  • Finally, $5 million in salary reductions. And the Regents were not interested in the details. Wow

Pac-12 "autonomous conference status" stripped....


This hasn't been reported, that I am aware of....
"After that, the future is uncertain. The Pac-12 and Mountain West signed an agreement in the fall to work in good faith to merge by the 2025-26 or 2026-27 seasons, with no cost if the Pac-12 absorbs every MWC school, or a cost of upwards of $137.5 million if it takes some but not all MWC schools. But Oregon State and Washington State are focused first on joining an autonomous conference, and the uncertainty surrounding the future of college sports could spark another upheaval."
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