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Post by Phaedrus on Mar 30, 2020 22:20:33 GMT -5
With No Basketball Tournament, N.C.A.A Slashes Payments to Universities nyti.ms/2QNTde5Interesting to see how this trickles down to volleyball. |
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Post by coldsnap on Mar 31, 2020 8:52:51 GMT -5
There might definitely be some financial impact on sports such as volleyball and more so underneath the power 5. There was some recouped funds from the cancellations of spring seasons but there is also refunds headed out for room and board to those partial or non scholarship kids. There's a pretty good chance that most athletic departments can withstand this first wave but if it becomes cyclical and returns again into fall and next winter as it might, then all bets are off. The bigger concern, that isn't being spoken about yet, is the fact that the public sector (boosters, alumni, etc.) fund these scholarship programs for the student athletes. With so many people losing their jobs and businesses this will be felt for a lot longer than the initial impact of the virus itself. Most power 5 schools have some reserve and should be able to make some adjustments regarding travel methods, and other extra benefits, that they should be able to absorb this initial hit. It will for sure slow down dramatically, or eliminate for a good while, the facilities arm race in the power 5 and all funding will have to go into provide scholarships and running programs. Might be much more impact for mid major.
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Post by postitagain2 on Apr 1, 2020 18:29:11 GMT -5
At the time they cancelled the tournament I was told the NCAA has insurance that paid them if they could not hold the event. It was suppose to cover their profits from the event. I have no other information or details. Can’t even confirm it’s true. Maybe the insurance company is refusing to pay. Who knows? Just passing on what was said hoping others know more or can find out more.
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Post by postitagain2 on Apr 1, 2020 18:33:20 GMT -5
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Post by pepperbrooks on Apr 1, 2020 21:47:47 GMT -5
Might be looking at elimination of sports. Could be big trouble for men’s volleyball, wrestling, gymnastics...
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Post by n00b on Apr 1, 2020 21:57:00 GMT -5
Might be looking at elimination of sports. Could be big trouble for men’s volleyball, wrestling, gymnastics... Men's volleyball has 4.5 scholarships and rosters of 15+. If you're at a school who is worried about enrollment, that tuition money offsets a LOT of those costs. Women's volleyball could actually be the sport that's in trouble since the full scholarships generate almost no tuition dollars. |
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Post by pepperbrooks on Apr 1, 2020 22:00:29 GMT -5
Might be looking at elimination of sports. Could be big trouble for men’s volleyball, wrestling, gymnastics... Men's volleyball has 4.5 scholarships and rosters of 15+. If you're at a school who is worried about enrollment, that tuition money offsets a LOT of those costs. Women's volleyball could actually be the sport that's in trouble since the full scholarships generate almost no tuition dollars. But: Title IX |
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Post by volleydadtx on Apr 2, 2020 8:41:59 GMT -5
I think that many low D1s are going to find that D2 is a better financial fit going forward.
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Post by joetrinsey on Apr 2, 2020 9:11:34 GMT -5
Might be looking at elimination of sports. Could be big trouble for men’s volleyball, wrestling, gymnastics... Men's volleyball has 4.5 scholarships and rosters of 15+. If you're at a school who is worried about enrollment, that tuition money offsets a LOT of those costs. Women's volleyball could actually be the sport that's in trouble since the full scholarships generate almost no tuition dollars.
This is the same logic I'm trying to get my head around when everybody assumes the Power 5 will be fine but D3 volleyball is going to be canceled. If anything, I'd imagine D3 schools will be doing everything* they can to maintain sports programs because the alternative may be losing those tuition dollars. Now of course, some D3 schools as a whole will cease to exist. So those programs, for sure, are in trouble. But I think we'll see Power 5 start looking more like D3 (limited flights, removal of scholarships) before we see D3 go away entirely.
(*By everything, I mean everything that doesn't cost money. If I'm a D3 coach, I'm not counting on being able to take that overnight non-conference trip. And maybe I'm going to be driving a 12-passenger van to the match instead of renting a coach bus. Etc.)
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Post by mervinswerved on Apr 2, 2020 9:17:20 GMT -5
If you talk to the people on the financial/business side of college sports (I'm one of them), the outlook is very grim. Another 6.6 million Americans filed for unemployment last week. That's 10 million in just the last two weeks. The combination of that and real uncertainty about football is coming at the worst time for schools- season ticket renewals.
Iowa State just cut salaries for coaches and top administrators and put a one-year moratorium on performance incentives to offset the loss of Big XII and NCAA tourney revenue. Gives you an idea of what losing football revenue would look like. More P5 programs look like Iowa State financially than Clemson or OSU.
While I'm personally pessimistic about fall sports, I think football season will happen in some fashion. It might be a terrible choice, but there's just so much money tied up in it for the season to be canceled outright. I could see a fan ban or a delayed season (some estimates are as late as January 1) in order to have games played.
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Post by Rutgers fan on Apr 2, 2020 9:21:33 GMT -5
Football is the economic engine for most schools. With TV and ticket sales, they HAVE to be played or sports that rely on that revenue will be cut for their upcoming season.
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Post by coldsnap on Apr 2, 2020 10:26:06 GMT -5
I was a head coach in the power 5 for 25 years and now am a D1 Athletic Administrator. I completely agree that it would be catastrophic if football is altered too much or lost for a season. This is very possible unless somehow a change in seasons stamps out this virus. I will tell you that the last thing to be done will be to drop sports. Administrators and other personal will be cut first. Coaches salaries will be frozen or reduced, staffs might be made smaller. Team travel will be changed dramatically to limit all non conference travel to regionally only (inside your state). All other budgets will go bare bones. Scholarship limits may even be reduced. In the power 5 there are other streams of money that can be cut off used on things like nutritionists, sport psychologist, etc. After all of that is done first then sports will start to be cut. As I said before, an equal concern is the loss of jobs and businesses that use their disposable incomes to help fund athletic scholarships. As is now, this will be felt for a long time.
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Post by mervinswerved on Apr 3, 2020 8:09:06 GMT -5
Almost on cue, my company started furloughing people yesterday about an hour after I posted.
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Post by vbnerd on Apr 3, 2020 8:48:26 GMT -5
I think that many low D1s are going to find that D2 is a better financial fit going forward. There's no revenue sharing in D2, which is why so many have moved to D1. Of course, when there is no revenue to share in D1 it is a different conversation. |
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