NC Appeals Court Upholds Maryland Exit Fee $52M

[PoconoPony]

The following tells the story of how the MD Athletic Department is totally broke. Should be very interesting if they must raise $52 million as that figure is roughly their entire athletic budget for the year even after cutting 7 sports.

http://sportsillustrated.cnn.com/2012/w ... athletics/

[skurtn]

This makes me wonder two things:
1. What kind of financial position is the SMU athletics in
2. How is SMU athletics funded (other than the obvious; donations)

[PoconoPony]

This makes me wonder two things:
1. What kind of financial position is the SMU athletics in
2. How is SMU athletics funded (other than the obvious; donations)

Athletic revenues do not even come close to supporting the athletic budget at SMu. SMU pays for all of the excess out of the general fund. SMU is a private school and can spend and budget as they please. I recall a figure of around $ 100 million in school support to the Athletic Department in the last 10 years. MD is a public school with state imposed policy and legal guide lines re the conduct of business and budget. My understanding is that MD must have a somewhat balanced budget mixed with fund raising.

[Charleston Pony]

remember "the commitment"? As I recall, we were running an 8 million annual deficit when that announcement was made and I'm sure that figure has gone up