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#10:
Vanderbilt is laying the foundation to the south end zone project at FirstBank Stadium. See for yourself. (link) |
#9:
Arizona President Robert Robbins and Interim CFO John Arnold shed more light on the university’s financial situation and noted UA is facing a $177M shortfall rather than a $240M deficit, as had been previously reported. To address the issue, Robbins announced there will be 5-15% cuts needed within the next few years. He also said the university has $510M cash on hand. Meanwhile, Arizona Board of Regents chair Fred DuVal revealed the university has retained an outside firm to provide advice, pursuant to Governor Katie Hobbs’ mandate. “ABOR has retained two nationally renowned firms with significant higher education experience to provide third party advice and validation for the information we are producing and the decisions we are making. We want to make sure nothing was missed but also triple check out work.” DuVal added: “There will be changes here. The changes will be far reaching. Many will be difficult and they are all necessary.” (link)
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#8: Oklahoma AD Joe Castiglione to
ESPN’s Pete Thamel about the general state of college athletics: “The next six months are going to be fascinating to watch unfold. The next half of the year, a path is going to start forming. Whether [private equity in college athletics] gets support or is possible, plausible or legal, we don't know. Candidly, something needs to start forming. There's so many things happening simultaneously, there's never been a time like this in college athletics. Ever.” (link)
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#7: Florida State submitted a new filing in its showdown with the
ACC, which includes accusations that the league has displayed “chronic fiduciary mismanagement, bad faith and self-dealing.” More from WarChant.com: “The complaint contends that ACC schools have lost $82 million each year in revenue from their Tier II and Tier III media rights as a result of the conference’s sweetheart deal with
Raycom, a regional sports network in Charlotte, N.C. [...] Other topics revisited and expanded in the new filing are related to ESPN’s delays in launching the
ACC Network, which are at least partially attributed to the Raycom deal. There also are additional complaints about (former Commissioner John) Swofford’s ineffective TV negotiations, which allegedly cost the member schools millions. [...] There also are new claims that ACC schools had to spend a combined $110 million to $120 million to prepare to produce live programming for their conference network in 2019 — four times what
SEC schools spent when their network was launched in 2014. That information was cited from a report in the Sports Business Journal.” Lots more. (link); Here is Florida State’s full amended complaint against the
ACC, which the Seminoles filed in Leon County. (link) |
#6:
Iowa State AD Jamie Pollard adamantly denies the suggestion that Cyclones Men’s Basketball managers were recording the
Kansas State huddle on their cell phone and texting the information to the ISU bench during a matchup between the two programs earlier in the week: “It absolutely did not happen. It’s a ridiculous allegation that is not fair to our coaches, our student managers and our players. I’m extremely disappointed that the Kansas State basketball staff has allowed this to fester, because it’s not right.” (link)
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#5: Extra Points’ Matt Brown reviews IRS 990 documents for over 40
NIL collectives and notes that “for the first time, these financial filings provide large-scale, publicly available and, most notably, presumably verifiable fundraising totals for athlete payrolls across the country. They also reignite the questions about whether 501(c)(3) public charities – or which ones – that were created to pay college athletes comply with federal tax law.”
Clemson professor Kathryn Kisska-Schulze tells Brown: “I think the critical point in all this is what are they doing with the revenue? Not so much that they’re making the revenue, but where is this revenue going? When I look back at the IRS’s memorandum, I think the IRS was also questioning where is this money going? Is it going to charitable programs or are you bringing in this money to give it right back to student-athletes? And I think that sort of draws that question of whether this is really money going for private interest rather than public interest.” As far as where the money is coming from, Brown notes the “
Florida Achievement Support Trust reported that $2.5M, or almost 81%, of its $3.1M in contributions came from large donors who each contributed more than 2% of the total. $580,180 came from the so-called public support. $1.6M of the Washington collective Montlake Futures’ $2M in total support, or 80%, was from large donors. $4.4M of Friends of the
University of Notre Dame’s $7.7M in revenue, or 57%, came from large donors with the other $3.2M classified as public support. The Indiana collective
Hoosiers for Good reported that nearly $2.3M, or roughly 59%, of its nearly $3.9M in total support came from large donors. $1.6M, or 41%, came from public support.” Lots more. (link) |
#4:
Auburn has parted ways with Women’s Tennis HC Caroline Lilley. (link) |
#3:
Nebraska is redoubling its focus on branding, as AD Trev Alberts explained during a call-in show last week: "I think if you've noticed, our uniforms across the board, we're wearing red. We're Nebraska. And if you don't want to wear red, you might have to go to a different school.” Alberts noted that scaling back the merchandise offerings has actually led to a greater revenue stream. "We actually have significantly contracted our brand book and we've gained some consistency there. And what's happened is our royalty payments that we get has actually increased. We have the highest royalty increase that we've had in a long time. So sometimes we're our own worst enemy. We think we're going to be really creative and we're going to come up with all this." (link)
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#2: VMI AD Jim Miller announces his retirement after stepping into the post on a permanent basis in July 2022, per the
Richmond Times Dispatch's John O'Connor. Miller intends to remain with the Keydets until his successor is selected. (link) |
#1:
NACDA’s Mid-Winter Meetings wrapped from Marco Island & there were lots of familiar faces in attendance. Check it all out. (link) |
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