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Post by BearClause on Jul 8, 2020 13:29:23 GMT -5
$27 billion endowment. Surely they can run these small and fairly inexpensive programs on just a part of the interest this money earns, right? Sports has its own endowment. I believe the athletic department has to pay for the cost of athletic scholarships, and that can't be cheap. Still - most of these sports aren't high on athletic scholarship numbers, and MVB is still at a max 4.5 equivalent. I don't know how much they have now, but this says that the athletic dept endowment was $270 million back in 2003: www.sfgate.com/bayarea/article/Huge-endowment-helps-Stanford-No-1-program-has-2580442.phpI thought that they've been dipping into their endowment for a while. The article also says that Stanford's endowment was $7.6 billion, which has obviously increased. I'm kind of sad. I always thought that John Kosty was a good guy.
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Post by akbar on Jul 8, 2020 13:35:55 GMT -5
$27 billion endowment. Surely they can run these small and fairly inexpensive programs on just a part of the interest this money earns, right? Just ...WHAT THE F...... F..K!
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Post by wishinwestcoastvb on Jul 8, 2020 13:42:15 GMT -5
I hope this does not become a trend with other schools. Not a good look.
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Post by westcoastbias on Jul 8, 2020 13:47:44 GMT -5
Those 11 sports are: men’s and women’s fencing, field hockey, lightweight rowing, men’s rowing, co-ed and women’s sailing, squash, synchronized swimming, men’s volleyball, and wrestling.
I'm obviously biased, but one of these is not like the others...
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Post by futurelinejudge on Jul 8, 2020 13:48:00 GMT -5
I think we all expected a few programs to be cut, but Stanford? Wow, just wow.
Unfortunately, I think we're only seeing the start of this.
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Post by bealzabubba on Jul 8, 2020 13:48:19 GMT -5
We all need to be extremely wary of the domino effect, unfortunately. Where the elite academic schools lead, the rest tend to follow because they've been given cover.
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Post by bealzabubba on Jul 8, 2020 13:49:21 GMT -5
Those 11 sports are: men’s and women’s fencing, field hockey, lightweight rowing, men’s rowing, co-ed and women’s sailing, squash, synchronized swimming, men’s volleyball, and wrestling.
I'm obviously biased, but one of these is not like the others... Two. Wrestling's a thing in a lot of the country.
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Post by vinnielopes on Jul 8, 2020 13:49:32 GMT -5
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Post by GauchoFreg on Jul 8, 2020 13:55:15 GMT -5
Completely shocked by this one, Stanford of all schools. Does not bode well at all for the sport.
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Post by babybacksets on Jul 8, 2020 14:19:00 GMT -5
Let’s hope this is a wake up call to every Mens Program that increasing their fan base and game attendance needs to be one of their priorities.
Start reaching out to High School and Club teams within an hour’s drive and make it an event! I know there were issues with the culture of community involvement with Stanford Athletics but hopefully the other schools see this as some fire lit under their butts do build their program and grow the sport in general.
Pretty tough to see any growth potential in a sport that continues to remain one where you really only have any chance at playing D1 if you can afford the “premier” clubs centralized around the wealthier parts of the country...
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Post by vbvis on Jul 8, 2020 14:27:32 GMT -5
So disappointing. The men's game seemed to be building momentum. This is such a set back.
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Post by wilbur on Jul 8, 2020 14:29:12 GMT -5
I'm obviously biased, but one of these is not like the others... Two. Wrestling's a thing in a lot of the country. I agree both those sports are more main stream than the others but still far from mainstream. I wonder if MVB had had better recent seasons anything would be different, they seemed to be in a funk last few years, injuries and just not clicking. Such a shock. I hope the best for Kosty and all the current players and recruits. The walls just closed in a little and some kids won't be playing D1 ball in 2022 & beyond that otherwise would have.
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Post by rollosideout on Jul 8, 2020 14:31:16 GMT -5
Good call! In order to cut costs by the Stanford geniuses they killed a renowned sport with championship history that is (in comparison to other men's sports) more cost effective to run and destroyed it to keep less successful and more expensive men's sports draining the budget.
In reverse thinking - wake up call to every school with a mediocre football team that is draining your budget because of COVID - cut them and add men's volleyball. You'll have more national eyeballs in a few years than your sputtering expensive football program ever did (see UCI, LB State, etc.)...
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Post by Deleted on Jul 8, 2020 14:34:28 GMT -5
Two. Wrestling's a thing in a lot of the country. I agree both those sports are more main stream than the others but still far from mainstream. I wonder if MVB had had better recent seasons anything would be different, they seemed to be in a funk last few years, injuries and just not clicking. Such a shock. I hope the best for Kosty and all the current players and recruits. The walls just closed in a little and some kids won't be playing D1 ball in 2022 & beyond that otherwise would have. I saw that Men's Gymnastics was still kept, and wondered if their NC in 2019 was a big reasoning behind that. I am not keen on Men's Gymnastics, so I could certainly be wrong in being surprised that Men's Volleyball lost out to Men's Gymnastics.
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Post by BearClause on Jul 8, 2020 14:39:51 GMT -5
Let’s hope this is a wake up call to every Mens Program that increasing their fan base and game attendance needs to be one of their priorities. Start reaching out to High School and Club teams within an hour’s drive and make it an event! I know there were issues with the culture of community involvement with Stanford Athletics but hopefully the other schools see this as some fire lit under their butts do build their program and grow the sport in general. Pretty tough to see any growth potential in a sport that continues to remain one where you really only have any chance at playing D1 if you can afford the “premier” clubs centralized around the wealthier parts of the country... Stanford Athletics has never really been a huge draw except for a few select teams. Their main arena is tiny. They don't have a large alumni base, although they have some really rich alumni donors. But they had a ton of non revenue sports. I guess it worked when they had enough income from football and basketball.
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