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re: Link to LA Governor threatening to shutdown college football
Posted on 2/12/16 at 9:16 am to TxTiger82
Posted on 2/12/16 at 9:16 am to TxTiger82
quote:
LSU's athletic department gives money back to the school. Its kind of a drop in the bucket, though.
If $10 million is a drop in the bucket to you
Unlike most of its peers, LSU’s athletics department actually gives money to the academic side of campus. The university receives at least $7.2 million each year from athletics as part of an agreement from 2012 to help offset budget cuts.
In 2015, LSU athletics paid more than $10 million to the university.
Most of the profits come from football, which generated $42.9 million in 2015, versus $23 million in expenses. LSU baseball generated $3.2 million in 2014, covering its $2.9 million in expenses. (In 2015, baseball ran a small deficit.)
LINK
1
Posted on 2/12/16 at 9:29 am to ssgrice
quote:
If $10 million is a drop in the bucket to you
Unlike most of its peers, LSU’s athletics department actually gives money to the academic side of campus. The university receives at least $7.2 million each year from athletics as part of an agreement from 2012 to help offset budget cuts.
In 2015, LSU athletics paid more than $10 million to the university.
Most of the profits come from football, which generated $42.9 million in 2015, versus $23 million in expenses. LSU baseball generated $3.2 million in 2014, covering its $2.9 million in expenses. (In 2015, baseball ran a small deficit.)
LINK
All this is correct and like I said, LSU theoretically should not be affected.
However, if they have to start curbing programs at Grambling and Southern,not to mention McNeese, Southeastern and Monroe, there will be political pressure to do so at LSU. That's the world we live in. Punish success and subsidize failure.
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