Does Stanford provide an example?
Posted: Thu Jul 09, 2020 2:05 pmSo everyone knows Stanford is cutting a number of sports. Ostensibly, they are doing this under the Covid virus epidemic, but it's worth noting that they had projected to lose as much as $70M in the upcoming years even before this thing hit:
"Muir, in a Zoom call with reporters later on Wednesday, said dipping into the endowment was not an option because it is reserved for nonathletic scholarships and faculty research. Supporting 36 sports was not sustainable — pandemic or not. But the budget shortfalls, which were projected to exceed $12 million for the 2021 fiscal year even before the pandemic, would be considerably worse if football is not played this fall, as appears increasingly likely."
https://www.nytimes.com/2020/07/08/spor ... -cuts.html
Are they being smart enough to drop the dead weight of certain sports permanently using the virus as a cover? Is this something we should be looking at? What sports would we look at?
"Muir, in a Zoom call with reporters later on Wednesday, said dipping into the endowment was not an option because it is reserved for nonathletic scholarships and faculty research. Supporting 36 sports was not sustainable — pandemic or not. But the budget shortfalls, which were projected to exceed $12 million for the 2021 fiscal year even before the pandemic, would be considerably worse if football is not played this fall, as appears increasingly likely."
https://www.nytimes.com/2020/07/08/spor ... -cuts.html
Are they being smart enough to drop the dead weight of certain sports permanently using the virus as a cover? Is this something we should be looking at? What sports would we look at?