#10: Minnesota’s State Grant program is facing a projected $211M deficit for the 2026-27 biennium. The program, which awarded $214M in FY23, supported 40K students in 2024 while the state system saw enrollment increase 8.1% this year. (link)
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#9: Saint Augustine’s has signed a 99-year real estate lease with 50 Plus 1, a stadium and development firm, that will see SAU receive $60M by the end of the calendar year and another $10M by the end of this academic year. Of note per WRAL News: “The audit also states 50 Plus 1 will split revenue made from any projects, including 65% to itself and 35% to the university for the first 15 years of the lease. This deal comes at a time when the university is trying to dig its way out of debt. It most recently took out a $7 million loan with Gothic Ventures, with terms that have concerned alumni and community advocates. 50 Plus 1 would help the university pay off existing debts, including 50% of accrued and unpaid interest and the prepayment premium on its Gothic Ventures loan. It’s not clear what parts of the land the university would be leasing.” (link)
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#8: Arkansas Tech Football HC Kyle Shipp has resigned after six seasons, per FootballScoop. (link); ATU and Women’s Volleyball HC Kera Coleman have parted ways. (link)
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#7: Miles’ acquisition of Birmingham-Southern’s 192-acre campus has fallen through after the purchase agreement expired last week. (link)
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#6: New Haven promotes Director of Internal Operations & Revenue Generation/Director of Club Sports Cole Richter to Deputy AD/Director of Club Sports. UNH Assoc. AD for Internal Operations Jared Orazio has departed to become a project manager at Classic Turf. (link)
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#5: Fort Lewis brought in more than $161K for athletics. (link) |
#4: Newberry will discontinue Women’s Rugby. AD Sean Johnson: “This is a difficult day for Newberry College Athletics. We value our female student-athletes and the sport of rugby, but unfortunately, despite the best efforts of two very capable head coaches we have not been able to achieve our institutional goals.” (link)
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#3: Indianapolis Volleyball HC Jason Reed resigns after a dozen seasons leading the Greyhounds. (link)
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#2: The quarterfinals for Football (link), Men’s Soccer (link) and Women’s Soccer (link) are set.
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#1: HBCU Gameday’s Steven Gaither reports Valdosta State is thinking about a new home and could land in the SIAC as a trio of GSC Football members will join Conference Carolinas and Mississippi College will drop FB. SIAC Commissioner Anthony Holloman: “The brand is growing and for any institutions that are interested in the SIAC, it should be the right fit for our mission and our vision. We pride ourselves on being diligent with any inquiries we get. We haven’t received any inquiries. I personally haven’t made any overtures. […] The SIAC believes that it is a special and strong brand. We would not be surprised that people are interested in us. But we’ll be thoughtful and go through an operation that is driven by the council of presidents.” (link)
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